Some of the problem is posters who think that they are doing fundamental analysis without even understanding payability, those that think PAN gets 100% of the LME price for their sales, and by inference that the Chinese smelters and refineries work for free. I am willing to be corrected on the exact number, but I believe PANs payability is about 75%.
This of course is not TBs problem, his is that he is a compulsive purveyor of bs, addicted to spraying boards with misinformation and disinformation.
EL
PAN Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
