Jojo, IMO this current climate affecting world markets is nothing like what the world has experienced in the modern era, we are making history now.
China's figures will be down, its odds on really. Why? Firstly the Olympics brought the whole country to a standstill. Secondly the effects of the US slow down has and will affect China is a big way, think about who actually consumes China's end products?
PNA's costs will come in at expectations, by the way what exactly is expectations $0.75c to $1?
CUO produce for $1 and they produce Copper Metal which gets a premium price compared to copper concentrate and the operation is in Australia (QLD) so you'd think labor and infrastructure costs (shipping etc) would come in cheaper for PNA. IMO the market doesn't give a stuff right now how cheap your production costs come in at it just won't give the market (Insto’s) an excuse to continue the sell down.
But the big factor remains Global economic stability, when that question is answered then it would be safe to return to the markets long term, right now trade with your gut feeling, there is money to be made if your smart and understand the risks.
Regards
PNA Price at posting:
26.0¢ Sentiment: Hold Disclosure: Not Held
