STTCOMP PNR TA LONG
Pantoro Gold:
SP $0.062
MCAP ~$323m
SOI ~5 billion
Has broken support at $0.059 and has gap up to $0.069 to fill. Despite huge number of shares, does have 4.8 mozs of gold at 3.2g/t. Formed from the previous JV with Talga after the two combined into PNR. Major shareholder Regal Funds Mgt this month raised its holding from 496m to 549m shares. No debt, $50m cash and low evaluation/oz of resource, large potential resource upside (see Feb 2024 Investor Update).
Small parcel held
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