Obviously no one reads the announcements made by the company:
"The Phu Kham Operation is cash�]flow positive with copper production at design levels and ramping�]up to meet our recently revised 2009 production target of 65,000t copper at an average C1 cash cost1 of US$0.90/lb,�h
This company is cash positive and will be fine as we find a bottom in the commodities market. PNA Management is as best they come.
Finally, Goldman does not normally grant our debt facilities easily but they have given PNA a debt facility of $80m US as they can see good management.
This company is well run and management is first class.
PNA Price at posting:
10.9¢ Sentiment: None Disclosure: Held
