PNA - PanAust Limited

[trader10]

Re: PNA - Pan Australian Resources

I'm with you jonojpsg.....

Any substantial shareholder purchasing more than 5% in a company is a good sign....

But, a sign of caution here..... AMP is the king of trades.....look at their anns....they are in and out of stocks like no tomorrow....hopefully they see a long term great investment here....and not only quick profits.....

cheers

 

[johannlo]

Re: PNA - Pan Australian Resources

Darkside, PoC = Price of Copper

Like PoG = Price of Gold etc.

May the rise continue!!!!!!!!!!!!!!!!

 

[darkside]

Re: PNA - Pan Australian Resources

Darkside, PoC = Price of Copper

Like PoG = Price of Gold etc.

May the rise continue!!!!!!!!!!!!!!!!

johannlo, cheers for that, shows what i know, i thought POC was a something or someone who bought up shares.I bought PNA not for the charts as i know nothing about them, likewise , POC or trade volumn i actually liked the company , researched it and found out about it , then had a look to see if they were ASX listed. The other company i bought using the same dodgy research technique is Norton Gold Fields, i liked their model , bussiness practice and the way they operated, im guessing i should also have taken in the POG when looking at that company as well.

 

[hobbietrader]

Re: PNA - Pan Australian Resources

I expect big things from PNA especially if the predicted quick turn around for the chinese economy eventuates

we could be seeing big $ in 12 months

 

[oldblue]

Re: PNA - Pan Australian Resources

I expect big things from PNA especially if the predicted quick turn around for the chinese economy eventuates

we could be seeing big $ in 12 months

Would you like to expand on that?

33c to "big $ in 12 months" is a bit of a stretch for any company, let alone one with as many shares on issue as PNA. ( 2.3 billion at last count?)
Are you expecting a generous takeover offer or just exceptionally high production and copper/gold prices?

Disc: Not holding but interested.

 

[N1Spec]

Re: PNA - Pan Australian Resources

Would you like to expand on that?

33c to "big $ in 12 months" is a bit of a stretch for any company, let alone one with as many shares on issue as PNA. ( 2.3 billion at last count?)
Are you expecting a generous takeover offer or just exceptionally high production and copper/gold prices?

Disc: Not holding but interested.

Im bullish on PNA, the SP will appreciate but it will be subdued, mostly due to the large amount of shares on offer.

Once they pay off their project debt, they will be debt free...... do the maths.

65,000t of copper per year to fund expansion!

at copper prices of $2.40 p lb, and cash cost of 80c per lb, thats alot of cashflow

 

[Annwn]

Re: PNA - Pan Australian Resources

The chart for PNA doesn't look that flash
Broken downwards from a 2mth trading range on increasing vol,
been a pullback to support in the last 2 days

Cheers

 

[hobbietrader]

Re: PNA - Pan Australian Resources

Would you like to expand on that?

33c to "big $ in 12 months" is a bit of a stretch for any company, let alone one with as many shares on issue as PNA. ( 2.3 billion at last count?)
Are you expecting a generous takeover offer or just exceptionally high production and copper/gold prices?

Disc: Not holding but interested.

I'm seeing a recovery in the POC due to a resurgent chinese economy in the next 12 months, and conditions to also improve in the US/europe after that. Add low production costs, and imo excellent management and you might see why i'm bullish on pna despite the number of shares on offer.
Plus there's promising projects in the pipeline which will likely make the company less reliant on copper making it more attractive in the medium-long term

 

[jonojpsg]

Re: PNA - Pan Australian Resources

Im bullish on PNA, the SP will appreciate but it will be subdued, mostly due to the large amount of shares on offer.

Once they pay off their project debt, they will be debt free...... do the maths.

65,000t of copper per year to fund expansion!

at copper prices of $2.40 p lb, and cash cost of 80c per lb, thats alot of cashflow

Yep, as I've pointed out a couple of times this year, even at $2/lb and cash costs of $1/lb, PNA are still making US$143m clear on this project!! Yes they've got other costs, but those are more than likely covered in the generous discounts I've made on POC and cash costs above. That makes for about 7c a share net cash a year or a PE of 5. That's not gonna last IMO.

 

[hobbietrader]

Re: PNA - Pan Australian Resources

PNA is up nearly 30% since mid last week and on pretty good volumes
Has outperformed most other miners imo

 

[lioness]

Re: PNA - Pan Australian Resources

PNA is up nearly 30% since mid last week and on pretty good volumes
Has outperformed most other miners imo

Can anyone provide a chart analysis of where this is going short term??

I know it is close to breaking out. Thanks.

 

[hobbietrader]

Re: PNA - Pan Australian Resources

Would any of the chartists care to comment???
It seems to me like this is close to breaking out

 

[andy2010]

Re: PNA - Pan Australian Resources

sorry all, please excuse my ignorance.
It is close to breaking out = share price will go up?

 

[johannlo]

Re: PNA - Pan Australian Resources

answer: Yes that's what he meant

Could be in near term - definite ascending triangle forming but I would like to have seen falling volumes and bollies tightening either further.

MACD and stochs look to me like it could turn south for the v short term before going back up again, but it could just be a 'nothing' signal as the trends (ADx/DMI) are weak.

Also don't look like the look of that three inside down candle. So yes I think potential breakout is forming but doesn't look like the immediate outcome (ie next few days). I hold so v happy to be corrected lol.

Note ascending triangles are not supposed to be that reliable as well

 

[andy2010]

Re: PNA - Pan Australian Resources

Thanks mate. It has been in holding pattern (between 41 - 43) for sometime, it should break out of that shortly according to the charts then. ofcourse, nothing can be predicted.
Once the money from the Chinese company pours in next month (they said sometime in Sept), thats when it will break out of the current level IMO.

What do others think?

 

[lenny]

Re: PNA - Pan Australian Resources

Hi Andy2010, Could you please expand on the comment that the chinese will be pouring money in soon.

Regards
Lenny

 

[andy2010]

Re: PNA - Pan Australian Resources

Hi Andy2010, Could you please expand on the comment that the chinese will be pouring money in soon.

Regards
Lenny

Hi Lenny,

This was mentioned in the PNA half yearly result.
"It is anticipated that funds from the GRAM investment will be received during September 2009. The GRAM investment will provide PanAust with the flexibility to progress growth projects and will enable the Company to repay a significant part of the project debt for the Phu Kham Copper‐Gold Operation. PanAust anticipates reducing the bank debt by US$100 million on receipt of the funds (approximately A$215.9 million) from completion of the placement agreement with GRAM."

Cheers

 

[andy2010]

Re: PNA - Pan Australian Resources

*BUMP*

any updates from the charting gurus out there?
Its still holding strong despite the downfalls overseas. Thats another good sign IMO. Long term (Copper) is always going to be good, need to get more info for the short term.

 

[stocksontheblock]

Re: PNA - Pan Australian Resources

Disclaimer: I own these.

What am I missing with this price jump? Closing out 3 cents higher today, 53+m shares trading. Not to moan, I am sitting on a pile at this price, yet while there are often some big share trade numbers, the price doesnt rally 4 cents in a day.

 

[andy2010]

Re: PNA - Pan Australian Resources

Disclaimer: I own these.

What am I missing with this price jump? Closing out 3 cents higher today, 53+m shares trading. Not to moan, I am sitting on a pile at this price, yet while there are often some big share trade numbers, the price doesnt rally 4 cents in a day.

Probably a lot more shares?

We should see some strong rally from this week onwards and the price should hit 50 cents within 2 days. I have been following the threads on HotCopper website and apparently this breakout was imminent.

Good luck!