Its Pub talk from around, that a resources upgrade is on the way. I guess after mid June since Directors small buy up last announcement. Seems to be a bigger buyer in there,accumulating and manipulating
Last week after btn got taken over,I thought dilution would drop us back however xtra profit may be the equaliser.Great management negotiating a buy out at our current production figures.....if the rumours are true.
My thoughts. A loan of only 5-6000 ozs will be paid off in .75 years at existing production but that is being ramped up slowly so being cash positive now,a small divvy is not out the question?
So if this rumour mill at the gold mill,lol, be from Nicholson's to Rowdies ie about 2 km, grading at current gpt,then we could be in for a bit more serious M.C. We also have the help of a perhaps a declining $ and a rising au price. Our DeBeers valuation of 14c I believed is conservative and should get there soon once we crack 10c. One small concern I have on gold price is Chinese yuan attached to the bullion price now. Thoughts?
PNR Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
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