I understand your post steveba5: I'm in a similar position re PNN.
However despite the obvious dissatisfaction with the share price I do believe the Company is a responsible and efficient explorer. The one thing they're missing is luck: I know that sounds silly but big finds are 90% hard grind and 10% luck. As many small explorers know to their cost one can explore and explore and find little of value whereas the occasional one can just strike it lucky: lets hope PNN has used up its 90% and is now due for the 10%!
As for splitting the Company into two it seems to me that anything of value ie iron ore and uranium is held in a joint venture partnership so it would probably be difficult to untangle the relationships unless the finds justified the cost which I doubt at present.
One thing I don't understand is why a company with so little spare cash would decide to expand its interest to Argentina. The air fares alone will be a mighty drain on capital. One can only hope there's a compelling argument for the move.
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I understand your post steveba5: I'm in a similar position re...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $13.47M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 13.5¢ | $82.51K | 573.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1972 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 37505 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1972 | 0.140 |
4 | 313214 | 0.135 |
6 | 139907 | 0.130 |
2 | 50000 | 0.125 |
4 | 107500 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 37505 | 1 |
0.150 | 139966 | 4 |
0.155 | 187621 | 4 |
0.170 | 21972 | 2 |
0.175 | 85743 | 4 |
Last trade - 15.15pm 09/07/2024 (20 minute delay) ? |
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PNN (ASX) Chart |