Agree with ACEMINER on one thing, there was a mass exodus today. Some sort of capitulation?
I’ve also got to say that Hingdog seems a pretty good reader and interpreter of the charts (rather than just a drawer of them), and todays selling was ugly, but regardless confess to being a significant buyer today, mostly at 12, but some at 13. Might not be the bottom, atm seems to be a matter of how keen the sellers are to go lower. Still have dry powder.
I am thinking that at USD10 we are probably a little cash flow positive.
The company has traded at this valuation or higher through much more scary times.
People do need to stop looking to IGO for PAN’s future. The synergy with IGO’s current strategy just doesn’t seem to me to exist. Maybe if PAN or IGO were to make a substantial new discovery in the area it might be different.
Having trebbled up today I no longer consider myself just a token holder here, but will try not to become one-eyed.
EL
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