PNA 0.00% $1.84 panaust limited

PNA closes on another new low 17.5c, who was buying up at 18.5c?...

  1. 1,367 Posts.
    PNA closes on another new low 17.5c, who was buying up at 18.5c? Fairdinkum just throwing their money away, better off saving it for the Melbourne cup and having a go at Septimus. Keep feeding the insto's while they head for the exit doors.

    I'm sure the people who got sucked into buying on all the ramping when this stock was $1+ down to 17.5c would not be too happy with a few regular posters on this thread.

    Global slow down means one thing demand for resources will not reach the heights of a few months back. Hedge funds have also made it impossible to determine what was actual demand and what was stock bought up on the LME to create false demand.

    Think I've given you lot enough justification for my valuation on PNA as a sell. TC-DRC has also done the same but continue to ignore the warning signs as PNA will only get cheaper.

    Regards
 
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