1.5 billion fpo shares on issue and an awesome cash burn rate. If they could curb the discretionary expenditure and focus solely on production for the moment in order to rebuild their cash or pay down debt ($260 million odd) then this would be a very very strong buy.
Its probably not a bad buy anyway but the charts still have a little further to fall. Bugger all though when you consider its come from $1.25.
PNA Price at posting:
16.6¢ Sentiment: ST Buy Disclosure: Not Held
