re: pna going toward 60 cts not a long termer here, bought in...

re: pna going toward 60 cts not a long termer here, bought in last week @ 0.34 after waiting for the "0.20s churn" to clear. plenty of profit takers hopefully are now exhausted, and it's only the long termers and newbies left.

the things I like about PNA are:

1. the region is highly prospective and highly mineralised - it has been a company maker for KCN and OXR so why not another?
2. soverign risk is lower than many other places - give me a communist country over a populist democracy any day for stable investment
3. unhedged, unhedged, unhedged
4. there has to be cashed up miners running the ruler over PNA with its open register

on the downside we have the 760m shares, and probably more to come to fund the next round of development - PNA needs to be agile to pick the right moment and price to raise more capital.