Clear PNA now has been grossly oversold. There arent many mining companies producing solid cashflow out there, most of the mining coys around are either junior miners that will never extract, or those that mine for commodities which are no longer economical or commercially viable.
PNA's positions are hedged, furthermore they have based their forecast for Copper sales at these leves - effectively earlier this year banking on a lower copper price. The copper price will rebound and rebound hard together with the price of PNA. I'm buying heavily at these levels after only recently being introduced to this coy. A guaranteed solid return in the short term
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- oversold watch it rally back towards 40c
oversold watch it rally back towards 40c
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