Was a long suffering PNO shareholder for many years, company got run down, management had no clue, etc etc ... Even though I'm on a loss it was manageable. Then the whole CAI spectacle came to town, 300 to 1 consol, raise some cash, get into the gold game.
'Let's see what they have' I say and gave it some time. Well, I like what they have said so far and look forward to drilling the crap out of the tenements. With that in mind I have decided to buy in today.
Looking at the latest quarterly they have ~$4.4m in cash with expected cash outflow this quarter of ~$1.9 ... ~$1.3m is for exploration and evaluation! Gives CAI plenty of time to work out what they have before a CR.
Good riddance PNO and the management that came with that circus ... Hello to CAI.
Was a long suffering PNO shareholder for many years, company got...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M | |||
| Open | High | Low | Value | Volume |
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