PNA 0.00% $1.84 panaust limited

Hi BowerboyI think we'll definitely see $1 again, but it won't...

  1. 170 Posts.
    Hi Bowerboy

    I think we'll definitely see $1 again, but it won't be for some time. Mid 2010 is my tip (unless copper rockets in the next 6 months).

    I think we'll see $1 plus as they confirm their other projects are commercial, start development (confirming how they will finance it) and commodity prices start hitting their straps again. With any luck (which PNA hasn't had much of over the last 3 yrs), all of this might happen at the same time and we could see much more than $1...

    Your point about 60c being the new $1 is actually spot on, literally. With the recent share issues and resulting dilution, the market cap of PNA at 60c might actualy be the same as when it was $1 (too late to work it out exactly).

 
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