I know no one wants to hear this (and I am sorry) but in my...

I know no one wants to hear this (and I am sorry) but in my honest opinion protect your capital where you can.

Please be mindful that from a chart perspective, PAN has a history of ALWAYS retracing about 100% of its move and sometimes more in a downtrend. (That’s like $0.07) - If you don’t believe me, refer to the charts.

Some are calling it cheap but have forgotten the company did a HUGE capital raise in 2020 going from about 700m to over 2.0b shares (That dilution ultimately comes off the share price).

So how much free cash does the company need to generate to be worth $225m?

What about if they continue to make losses while eating away at its 12 year mine life in doing so, what is the business really worth?

From what I understand, Peter Harrold ran original Savannah from 2001 to 2017/18 - How many of those years saw free cash? You would be dismayed at the finding.