At the moment I don't think this stock will go higher than $1, they are planning to cut $2 Million/month in order to reduce production cost, most likely will be the removal of 1 diamond drill rig, and about 20 staffs. As of this moment, I have to said that I guess it is cruch time in order for Pan to survive pass the falling Nickel prices. Dividend forcast is 8 cent in total for the year of 2009.
Regards
At the moment I don't think this stock will go higher than $1,...
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