PAN 0.00% 3.5¢ panoramic resources limited

Chart thread, page-784

  1. 2,201 Posts.
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    All my Homies are selling out today and moving into my preferred gold stock
    SOLD 1 000 000 PAN at approximately 13cps. Reasoning as follows. The CEO is not up to the job of running an underground mine. He keeps putting out presentations to the market saying he will achieve a unit cost of high $A8...the last quarter he was at $12. The only way he can get that back to even close to $9/t is to massively increase his mining rate and fill the mill. Last quarter he actually turned off a jumbo to save $$$$. This is the dumbest move and I have seen it before. In fact he should have put on another jumbo to open up his mining front and build inventory. His only saviour would be for PoN to skyrocket and I can't see that.
 
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