re: first ore crushed at the phu bia gold mine, la Hi Folks
Good announcement. We see the shares trading at 22.5 cents. Im surprised it is still around these levels.
I am obviously a supporter of PNA and investor so I am biased...biased enough to buy a few more at around these levels.
I think a re rating (thats upwards folks...not downwards like some may estimate here) is imminent.
The next few months will see a raft of announcements on updates on the gold pour, the feasibility and drilling results. Its a matter of 'when' not 'if' when PNA (once again) reaches that critical mass point where the market says.."Hey these are cheap with a strong growth profile"...and we will see it revisit recent highs.
Add to this the reasonable prospect that the finance community will be paying more attention to PNA because of these factors (revised analysis for example) and the fact that the company will now be a producer (on a small scale admitedly) with the prospect of going much bigger re the copper gold project and we have 'potential' being translated to 'actual capability'
"The market is still gloomy. Resources have peaked etc etc"
Maybe im just being contrarian, but this looks like a great place to get set for the ride longer term.
Unless we receive really bad news this isnt going much lower.
Nice to see the Fat Prophets adding a little bit of support to PNA with their hold recommendation around current levels.
Its not all rose coloured glasses of course and goals need to be kicked.
The company has had a shake up these last several months and in my opinion is back on track.
As always, time will tell.
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