gold producer

two weeks the trading pattern change . i said keep a CLOSE EYE on it. 16 cents for a gold producer not for long. a letter from pna


Dear david
Over the past two weeks Gary Stafford and I have been marketing the Pan Australian story to North American and European institutions. It should be noted that this is also the first time that the Company has been marketing overseas with the current portfolio of assets. The response we got from a good cross section of professional mining invstors, many of whom I've known for years and therefore can rely on their cander, was extremely encouraging. It will likely take a while for these various organisations to complete their own due dilligence but I expect they will be supportive of our company in the future.

This next week we are presenting in Brisbane at the Mining 2004 confernece and again in Adelaide and Perth in early November. We have realeased a significant amount of information over the past three months and now it's time to put this into a meanigful context within the broader investment community. I am hopefull that this process will lead to improved support for the stock in the market place.

Thanks you for your continued interest in Pan Australian.

Yours faithfully

Joe Walsh
General Manager Corporate Development