You are totally right that PNA has done their sums with much lower prices and can make a nice profit with those numbers. Now those numbers are much lower then the prices we pay today for gold, copper and silver. But will the shortsighted nervous market take notice of this??
I feel that the best way to protect the short term price for PNA is to keep the stock in trading halt.
Wish I had more stocks that could do that lol But nevertheless what happens tomorrow, medium to longterm this is an excellent investment. PNA will be going to be admitted to the ASX 200 and the large funds will make sure that they have a part of PNA in their portfolio's
In the meantime lets hope that this nervous market is going to calm down and that the hedgefunds are behaving themselves.
jojo
PNA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held