what is pna's real vaule, page-7

Read the article that was posted yesterday on this stock thread...it gave a good explanation of the relevance of subordinated debt...If GSJB do not renew their finance line with PNA then it could bring the whole house of cards down but it will be biting off their nose to spite their face..it is in their best interest to renew the finance, as they will only be second in the queue to try and recover money..behind the secured debt but ahead of the shareholders.

This just comes down now to the price of copper..thats all there is to it really...wouldnt try and read too much more into it.

There is a long time between now and July when the debt needs to be renewed..anything could happen with the copper price between now and then (positively or negatively).

PNA run a tight operation and only have to focus on one thing...this is a very well run company but there is nothing they can do to control the price of copper.