PNA 0.00% $1.84 panaust limited

performance

  1. 309 Posts.
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    I can’t help but think of the management as woefully inadequate.
    Their track record has been dismal when you consider things which have happened in the past such as the Cyanide spill and the obviously complete botch up in forecast gold recoveries for the Phu Bia Gold Mine. It was supposed to produce in the order of 50 T oz per annum and this quarter it produced 1,300 ozs.
    They now project 21T ozs for the year.

    It is incredible how wrong they have been with their forecast with this small heap leach project and if you rate the management on this track record, how can you have confidence that their projections for the Phu Kham copper gold project wont go the same way.

    I have absolutely no confidence in management at all.

    Discoveryman
 
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