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pakkham

13,122 Posts.

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16/05/23

12:26

Post #: 67797576
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Originally posted by Newbie23: ↑

I'm a relatively new share market player. Call me naive, but I keep a regular eye on what is being discussed on this forum by other shareholders, expert or otherwise (lol).
A year ago, many of you were salivating with PAN at 30-33 cents and many predicting even higher trajectories ... production/delivery ticking along, all good etc. With the inflation/interest rate cloud looming (despite RBA's appalling 'no change 'til 2024 ' prediction) I sold some, hung on to some on the basis that a 'correction' wouldn't be that significant ...
Here we are a year later, the SP is less than 40% of what it was. Other miners, some just bumming around, exploring, talking the talk, have done far less badly. Some have gained.
So were you all 'dreaming' a year ago? Was it all hype? How can an operating, producing business with all that positivity go from 33 to 12 under those circumstances?
Like I said, maybe I'm naive, but I'm just trying to rationalise how a company that continues to produce (yes, with some weather/cost issues) can dive so far. Were you all on something a bit mind-altering???
Many of those on the PAN train a year ago are now predicting doom and gloom. How? Why? I'm interested!
6m shares traded today in two hours. What the? Are people now being 'spooked'?

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well >> that the game to catch the new bees??
i rely on chart theory and criterias >> i exited at 0.185 >>
look at company financial and future contracts
not very bright>
no advice

PAN Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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