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11.5¢ pantoro limited

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Fengels

343 Posts.

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30/07/22

18:01

Post #: 62831182
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Originally posted by kgtom: ↑

When TUL sold half their holdings (50m shares) in PNR last month, it totally changed the perceptions of the company for a couple of reasons.
Firstly the increased supply sated most purchasers. Franklin took a third of these and the rest were distributed amongst other buyers, So the buyers were sated at a decreased price .As selling begets selling, some sold on technical stop loss selling and others would have sold thinking that if TUL, who know better than most exactly what is there, and see no further value in holding, then they may as well exit also. And it's probable that TUL may have sold more of their remaining shares,
The Maloneys have a majority interest in TUL, and it's possible that they sold because they didn't want to issue new shares and dilute their holdings, and also thought disposing of their PNR shares was a better proposition than further borrowings to help fund their share of Norseman.
This, together with the falling POG was the reason for PNR's SP dramatic drop. I personally think the gold price has finished dropping and it appears selling is slowing. The shorts are negligible, less than half a million.
Bodes well to resume accumulating IMO

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Well, we shall see.

PNR Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $742.2M

Open	High	Low	Value	Volume
11.5¢	11.8¢	11.0¢	$2.052M	18.13M

Buyers (Bids)

No.	Vol.	Price($)
8	3360444	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	455344	1

View Market Depth

No.	Vol.	Price($)
7	3178654	0.110
16	1634483	0.105
22	1033661	0.100
3	158585	0.099
2	90417	0.096

Price($)	Vol.	No.
0.115	455344	1
0.120	1195276	18
0.125	2124806	16
0.130	6186130	26
0.135	536950	8

Last trade - 16.10pm 27/09/2024 (20 minute delay)

PNR (ASX) Chart

Well, we shall see.

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