@wassa
At 10 cents, PNR would be valued >$500M. 20 cents a $Billion. Only so much upside from here.
I cannot see production improvements taking the company to these levels. The only way, IMO, that it will get past 10 cents will be a takeover by a mid-tier miner interested in the exploration upside. The fact that no one has moved to date is surprising at best and alarming at worst.
I would like to see SLR increase their holding in RED to 19.9% and take at least 19.9% in PNR. I'd like this to happen on Monday (yesterday).
However, my judgement on PNR has been questionable to date - along with a number of other gold investments
Month on Month Production Estimates, page-36
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Last
9.1¢ |
Change
-0.001(1.09%) |
Mkt cap ! $574.0M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.4¢ | 9.1¢ | $1.268M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 423306 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 652400 | 3 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
9.1¢ |
Change
-0.001 ( 0.78 %) |
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| Open | High | Low | Volume | ||
| 9.2¢ | 9.4¢ | 9.1¢ | 1050127 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| PNR (ASX) Chart |