Thanks Missionx, PNA remains my favorite stock among others that I used to trade : BHP, NCM, FMG, and RIV
My opinion is PNA has lot of upside and I continue to accumulate this stock without too much of worries for the following simple reasons:
- PNA will become a mature producer: by end of year 2009, PNA will generate huge amount of revenues thanks to its Phu Kham production (see PNA recent reports for their expected production volumes / also refer to my comments on thread ANN - March Quaterly Cost and EBITDA)
- It's a low cost producer, and that's what any investors/fund managers will target for.
- PNA is a potential takeover target, so its sp can at any moment double or triple..
- PNA has huge reserves in the pipe with other projects to come: * Puthep Copper (Thailand) * Triple "N" Gold Prospect located in the far north of the Phu Bia Contract Area * Hoy Tum Zinc-Lead Prospect located east of the Tharkhek Prospect * Exploration targets within its 2,637 square kilometre contract area within the Lao PDR
- Among other commodities, Copper will be the first resource to recover when the economy get better
- PNA has outstanding and experienced management : target production always scheduled
DYOR
PNA Price at posting:
32.2¢ Sentiment: LT Buy Disclosure: Held