It looks like a rout is in progress in this share. Over 3 million shares sold today, so some longer term holders are deciding to run I suppose with their remaining gains.
Both MCR (which I used to hold) and PAN have been hammered and where it will end is unclear.
Forget that $5 or $6 share price. That was another market.
In the current market $3 for PAN will look good.
It could fall all the way to $1.80 in a rush unless the PON recovers (a possibility). Think of what a financial panic like we had in January would do to its price. If China has a cramp we will all get cardiac arrest.
PAN is on my watchlist, as is MCR and other well managed nickel players.
Former shareholders of AGM must feel blessed to have escaped with their loot.
loki
PAN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
