PZC 0.00% 0.2¢ pan asia corporation limited

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  1. 1,703 Posts.
    I would hardly call buying $1,410 worth of shares on market a sizeable chunck. If these guys want us to really believe that the company is sound then the shares should be sitting around 30 now. Having said that I fully understand the current market conditions and know they have considerable assets in the ground.

    It's only a matter of sit and wait simply because eventually the coal is needed to generate electricity and once the carbon tax hits home in OZ the coal is going to be an attractive proposition from Indonesia.

    Good luck to all and might be a good time for us to get some more cheaply.
 
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