PNA 0.00% $1.84 panaust limited

spp, page-17

  1. 13,971 Posts.
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    Jxcul,

    Well said.

    And may the electrification of the globe continue with stimulated gusto, eg rural China where electricity/copper use must still be pretty meagre.

    Imho this is a golden SPP, and will bring in well in excess of the USD 25mm or so sought.

    I can't predict poc, but PNA does appear to have a solid competitive margin, esp with the very high gold credits. I should therefore have thought PNA can at least service it's debt going forward, even if cashflow insufficient for desired growth.

    Very good move imo from management to seek to expedite, and thereby gain some market value from the gold deposit.

    I like how management have handled their crisis.

    EL
 
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