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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

tech/a said:
Have Friends in Tampa.
Just off the Sea wall that skirts the bay.
I vividly remember running around the Track there and watching a Stealth bomber coming into land at the Airforce base there.
Just loved the Thunder and Lightening shows at 4 in the arvo thru to 6.
Nothing to do with PNA--other than I have a few.
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You went running on Bayshore Blvd, which butts up to Tampa bay.
The base is MacDill AFB, home of DefCom.
Tampa is a wonderful place to live.

About Pan Aust, does anyone know where I can find 'free' real time
quotes for Aussie stocks?
There are several sites in the US, but they only offer North American
quotes.

Thanks.
 
Re: PNA - Pan Australian Resources

who'da thunk it, PNA at $0.14...:( (sniff)

PNA is now on par with TOE at $0.13

Does anyone have any positive thoughts on PNA for the long term future? please??:eek:
 
Re: PNA - Pan Australian Resources

baja said:
who'da thunk it, PNA at $0.14...:( (sniff)

PNA is now on par with TOE at $0.13

Does anyone have any positive thoughts on PNA for the long term future? please??:eek:
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I put a little savings into this one as well. Hate to say it but it was a big mistake to do so with a broker that doesn't have a stop loss. Won't be doing that again.

PNA are similar in effect to OZL IMO. Look at why their stock price is crashing and it's probably the reason why PNA is as well.
 
Re: PNA - Pan Australian Resources

aleckara said:
I put a little savings into this one as well. Hate to say it but it was a big mistake to do so with a broker that doesn't have a stop loss. Won't be doing that again.

PNA are similar in effect to OZL IMO. Look at why their stock price is crashing and it's probably the reason why PNA is as well.
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Except that PNA produce copper and gold rather than zinc and copper. OZL more exposed to zinc which has been hit hardest in % terms ($4k/tonne down to $1k per tonne).

PNA looking the goods based on next year figures (see latest announcement) of 65000 tonnes at <US90c per pound costs. I figure that gives them net cashflow of about A$135m at $A=US70c and todays copper price, which is almost 10c per share!!!!

Worth buying from the looks of things IMO (sorry mods am I allowed to say that?)
 
Re: PNA - Pan Australian Resources

Copper prices have to drop considerably before their operation is unprofitable, and even then they should have the cash to weather the storm.

I think the market amongst other things dont like the fact PNA is a ONE mine outfit.....

Cheers
 
Re: PNA - Pan Australian Resources

N1Spec said:
Copper prices have to drop considerably before their operation is unprofitable, and even then they should have the cash to weather the storm.

I think the market amongst other things dont like the fact PNA is a ONE mine outfit.....

Cheers
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Plus the fact that the mine is in Laos adds a bit more sovereign risk to the equation, regardless of how confident one may be about that country.
For me though it's one for the watchlist with a weather eye on the prices of copper and gold.

;)
 
Re: PNA - Pan Australian Resources

Had a good past 2 days with decent volume, bouncing back from the lows. Looks like it will open with a gain today. If it can break above 17 cents and hold there, then it looks promising at least for the short term for a bit of a turnaround.
Note: holding @ 14.5 cents
 
Re: PNA - Pan Australian Resources

Price action yesterday was very positive..... there was also a huge turnaround in the market depth in the afternoon. Something like 10mil buy 11mil sell which suddenly swung to 18mil buy and 7mil sell. Change of sentiment perhaps?

Up 2.5c this morning.

CUO just went into administration.

I think most would agree with me here PNA wont face the same fate.
They just have to keep at it and generating cashflow, however if the CU price drops below $1us tomorrow, then we may have problems :eek:, but if they can keep their head above water for another 6months or so, they have a very good chance to prosper imo. Not many pure CU(with gold credits)play on this scale on the ASX. Much more compelling buy then OZL and alot safer then EQN.

DYOR

Cheers
 
Re: PNA - Pan Australian Resources

Well, it did break above 17 cents, but didn't hold. :eek: I bailed at 16 cents; may have another look at this again tomorrow.
 
Re: PNA - Pan Australian Resources

In light of CUO's (CopperCo) demise because they cant re-finance their $50m debt due in the Dec, i started to worry about PNA's debt position. SO i asked the question, i must add that unlike other companies, they were prompt to answer.

I cant divulge the full email because as you can understand an email is confidential. But here are some points.
--------------------------------------------------------------------------
PanAust has the following facilities in place:

US$185m seven-year project facility (commenced last year) with a syndicate of banks lead by ANZ. No requirement to refinance.

US$80m subordinated debt facility with Goldman Sachs JBWere which is scheduled to be refinanced (rolled/replaced) at the earliest February 2009 and at the latest July 2009. Refinance discussions have commenced with a number of interested parties.

US$50m equipment lease facility – long-term facility no requirement to refinance.
--------------------------------------------------------------------------

Cheers
 
Re: PNA - Pan Australian Resources

hmmm, back to '04 levels now. Closed today at $0.0880. Copper price has also severely slumped and the two charts pretty much mirror the rise and fall over 4-5 years. Put simply, like the rest of the resources sector they are a slave to the "Demand" dog. I just hope they don't go broke.:(
 
Re: PNA - Pan Australian Resources

susprised no one has mentioned PNA, has gone nuts since the debt rollover announcement, 25c as i type this, over 200% in 3 days.... amazing.

Anyone who bought before Monday is in good shape :):)
 
Re: PNA - Pan Australian Resources

I have been monitoring it, got it at 22c a month or so ago, wished I had $ to buy more when it went under 12c, happy to see it back in the black though :)
 
Re: PNA - Pan Australian Resources

OK, from the outstanding breakouts thread - these guys are really sitting pretty now that they have that debt sorted. Production will be 65000 tonnes equivalent copper at cash costs around US90c/lb. Based even on long term average copper price going back before the boom which was US$1.20/lb, this still gives

65000*2200 (lb/tonne) * 0.3 (net cash after costs) = US$43m for the year

IMO that seems pretty damn good given that current copper price is US$1.50/lb which if it averaged that over the year would double the above figure.

Obviously there will be other company operating costs, but even if they come out of it with a net profit of US$40m (maybe A$55m?) that is 5c per share.

Not a bad PE of 5.
 
Re: PNA - Pan Australian Resources

my friends wife at work told him to buy shares for her in PNA for 11 cents ..3-4 weeks ago

(he used to use my Comsec to check it every day)

but he never bought the shares

and what about me... i ended up keenly following it everyday but never did anything about it.....he never told me why his wife liked it.. and still hasnt
 
Re: PNA - Pan Australian Resources

A nice announcement by these guys today and 27.5 million shares traded by midday.

Looking at a breakout?
 
PNA

First post.
Had shares in PNA last year... then over a dollar.
Any reason for the big jump today?
thanks
 
Re: PNA

RossRoss said:
First post.
Had shares in PNA last year... then over a dollar.
Any reason for the big jump today?
thanks
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unless your living under a rock or simply just dont follow commodity prices, Copper is having a good run the last week or so, up over 20%.

But i also believe sentiment is returning to PNA, its on fire the last ever since they announced the re-finance rollover details over a month ago.
 
Re: PNA

N1Spec said:
unless your living under a rock or simply just dont follow commodity prices, Copper is having a good run the last week or so, up over 20%.

But i also believe sentiment is returning to PNA, its on fire the last ever since they announced the re-finance rollover details over a month ago.
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ANd so it should be - last announcement re cash costs was outstanding at 68c/lb for Jan which with copper holding above $1.50/lb means they are making money hand over fist!!

Add to this some good results at Puthep and I would say PNA is undervalued by a good 50% if not more even taking into account recent gains- mods can check back to see previous posts on potential valuations.

My :2twocents anyway.
 
Re: PNA - Pan Australian Resources

seems to be holding onto gains well in otherwise negative trade

any chartist care to shed share some of their thoughts??
 
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