I think part of the problem is that there are much more secure investments out there at the moment such as BHP or CBA or whatever..why risk everything on a stock that currently seems to have a 50/50 chance of going under when there are other stocks that wont be going under and will recover in the long term..PNA is very attarctively priced but so are many many other stocks with a lot more secure position.
Love this company and think it is very well run but no one can fight these sort of market conditions and copper looks set to fall further...OZL completely killed off any positive sentiment for miners other than the big 2 or 3...any investment in PNA now would have to be taken with at least a 6 to 12 month timeframe.
I beleive PNA management but I think this could easily go to 5 cents...at that price I would be keen to buy with the full knowledge and acceptance that i could lose my money completely..at 5 cents the risk/return would definitely be worth it.
Terrible shame about this stock but you cant fight forces this strong.
PNA Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
