Hi Lachlan07, you could be right, rebound might be just around...

Hi Lachlan07, you could be right, rebound might be just around the corner.
Morgan Stanley has issued a “tactical” recommendation on PanAust as it believes there is a 70 per cent to 80 per cent chance that the share price will outperform the broader market over the next 30 days.

The broker says the stock has been sold off recently despite the miner delivering a positive start to 2012, which puts it on track to produce between 63,000 tonnes and 65,000 tonnes of copper.

The miner may also beat its cost guidance of $US1.05 to $US1.15 a pound and has a 20 per cent-plus production compound annual growth rate (in copper equivalent terms) over the next two years, says Morgan Stanley.

The broker has an “overweight” fundamental recommendation on the stock.