Nope, they price they were asking for at toward the end of last year was an inflated price, price of gold was in the very high 800's-900's/ounce, therefore, they decided to not take the offer. Considering that PAN had no gold extraction experience, it is too costly for a mine site they are not even 50% familiar with. Think about it, the market crashed, value of even PAN's own shares dropped from $5 - sub $1, and that is a company that had over 200million in the bank, long term supply contracts, no debts, so what makes you think other company is in better position to offer more?
I stand by the board's decision, and I think they are right about no buying. Even myself, I would not want to pay that much for it. At todays market, that mine is worth about 30% less than what they are asking for it now.
Regards
- Forums
- ASX - By Stock
- going up and with very strong buy
Nope, they price they were asking for at toward the end of last...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAN (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $103.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PAN (ASX) Chart |
Day chart unavailable