I am a long-term holder of PNA (since 2003), and accumulated over the past 5 years on what appears to be sound fundamentals and good management. Now in 2008 PNA has: 1. become a producer; 2. already made 2 shipments ($100million); 3. significant upgrade of resources; 4. In budget and on time with development; 5. Alleviated much of the "wet season" problems. Yet, SP keeps falling, more than 50% over past 8 months. What is it I am missing? Will continue to hold and am concerned. Any clues, ideas, suggestions. I feel the old appraoch of finding a company with good prospects and sound development of fundamentals, then buying and holding is no longer a relevant investment strategy in this climate. thanks Jahar
PNA Price at posting:
54.5¢ Sentiment: Hold Disclosure: Held