I give you that, you speak you’re mind.But I agree, it does...

I give you that, you speak you’re mind.

But I agree, it does appear like a piece of trash. After learning more about the company, I will most likely never touch it again unless the value is so compelling it is a no brainer.

If you compare (GRR) Grange Resources, it has decent profits (last 3 years between $172-$322m per annum), decent free cash, pays a yield of about 7% and a market capitalisation of about $630m.

Now compare that to Pan which has made serious loses over the last 10 years. Horrible track record of free cash flow and hasn’t proven it is a profitable operation or can be a profitable operation and pays no dividend at the moment and may not be able to pay a dividend in the future, yet the market capitalisation is about $240m.

Above are only my views, please do your own research.