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"PAN breaking out" wtf?

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Hingdog

22,772 Posts.

1404

07/08/23

15:10

Post #: 69204076
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Originally posted by tomboy ↑

PAN breaking out after announcing this massive CR of 800M shares
went from 10c to 5c overnight

but this has set up PAN for a large recovery and rebound as its balance sheet is strong, low debt ratio and Trafigura offtaker extended the debt and is supportive with top 3 holding 34% with another 20%-25% coming on board into the top 5 looks like.

The chart is showing that it wants to rebound and sellers have dried up down here
BUY at 15c sell at 5c NUTS
BUY at 5.0c sell at 15.0c MUCH BETTER.

prior CEO Harold still holding his whopping large holding & has said PAN POS are SCREAMING BUYS.
Victor has done this to set up the future runup and ensure stability for the operations but the CR was way too much & way too cheap imho.
He failed this.
Harold just outdid him on the CR stakes at POS, smaller higher priced CR.

Trading rule 1
BUY LOW sell high. Simple.

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"PAN breaking out"

wtf?

PAN Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
6 Upvote

3 Great analysis

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