It's not so much the dire warnings you predict...it's just that, yeah, we all know the Sh#t is hitting the fan, and negativity does very little for people who are anxious. I was under the impression that PAN is much more than a one trick pony and that they will be debt free within a few years. Their PE is very low and their production costs are on the low side compared with other producers.
I know long term I will get my 100k back. My foolishness was committing so much money last week when the media heralded "a new beginning and blah blah blah". I genuinely thought rationality would return to the market but it hasnt and now I find myself looking to commit more money to average down.
all the best charch
PNA Price at posting:
37.4¢ Sentiment: LT Buy Disclosure: Not Held