I Agree.
Pan has been a pretty big disappointment since April 2022 and even a bigger disappointment when you consider the heavy dilution over 22 years - Long term shareholders have been the big losers here.
I do not have confidence that the December quarterly result is going to be great (even with the 3 shipments and higher PON).
The ‘heads up language’ used in the preliminary December quarterly production results’ is telling. I will assume costs will be higher and that the company will come up with the same lousy excuses… Labour tightness, higher fuel costs, higher overall costs, blah. blah.
Let us hope that we can still maintain our cost guidance for FY23.
I will also be paying close attention to the cash on hand, I think the September quarterly we were sitting at around $25m - Ideally you would want to see this increase.
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