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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

Hey everyone. If you are wondering why PNA's price has pulled back just recently it's because I bought at the peak. ha-ha. erggghh.
 
Re: PNA - Pan Australian Resources

If you've bought at the top, then you'll only be down 6% on current prices. I don't think it's a curtain call... more like intermission. :p:
 
Re: PNA - Pan Australian Resources

zzaaxxss3401 said:
If you've bought at the top, then you'll only be down 6% on current prices. I don't think it's a curtain call... more like intermission. :p:
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I got stopped out at 0.80 so I took at 10% loss. I really don't know why I bought them at 0.88 Hindsight is a wonderful thing. I had an idea there was going to be a price breakout, which we saw with EQN. I got stopped out of EQN this week at a loss to my investment. I'm short in copper miners now - just OZL left. Been to busy with work to even keep track of the market this week. Typical that it plunges when I am away from home on work.

I'll have to have a good think about copper and which companies I buy into. I've got a feeling copper prices are going to get a bit volatile over the short term.
 
Re: PNA - Pan Australian Resources

PNA showed up on a Trinity scan last night.
So I jumped on board early this morning.

PNA pm 08-08-12.gif

quite happy so far
 
PNA - Panaust

Copper miner PanAust tops JP Morgan's Australia M&A picks

10 Jan 2013 - 02:39
MELBOURNE, Jan 10 (Reuters) - Copper and gold miner PanAust Ltd <PNA.AX> is Australia's top contender to be taken over in 2013 in another year likely to be dominated by acquisitions of resource companies, according to an annual report from JP Morgan's specialist sales desk. Royal Dutch Shell <RDSa.L> could bid for oil and gas producer Santos Ltd <STO.AX> or Senex Energy Ltd <SXY.AX> this year, gold and nickel miners are likely to see consolidation, and Echo Entertainment Group <EGP.AX> will remain a target of Crown Ltd <CWN.AX>, the JP Morgan sales desk team predicted. Since starting its "Specialist Sales Top Takeovers List" three years ago, JP Morgan has successfully picked 20 Australian takeover stocks, it said. "Our no. 1 pick for 2013 will be PanAust. Copper consolidation continues globally, and PanAust is one of the largest listed players left," JP Morgan said in the report, which was obtained by Reuters. "It will only be a matter of time before it gets acquired," the report said. The team advised buying PanAust, which is expected to produce 68,000 tonnes of copper this year and has projects in Laos, Thailand and Chile, and offsetting that with a short position in potential acquirer Oz Minerals Ltd <OZL.AX>. Another possible 2013 play is a takeover of Santos and/or Senex by Shell, according to the report. "Acquiring Santos makes strategic sense for Shell. This should lead to a four train LNG (liquefied natural gas) project which is more in line with the scale that Shell would like for a high cost LNG project," the report said. Buru Energy <BRU.AX>, an emerging oil and shale gas play with assets in the Canning Basin in Western Australia, could be eyed by North West Shelf joint venture partners Woodside Petroleum <WPL.AX>, BHP Billiton <BHP.AX>, BP Plc <BP.L>, Shell and Chevron. "The North West Shelf is short gas from 2020 and Buru Energy's large acreage could be seen as a potential solution to extend the life of the project," the report said. Top gold takeover targets were named as Regis Resources <RRL.AX>, Medusa <MML.AX>, and Perseus <PRU.AX>. Western Areas <WSA.AX> and Mirabela Nickel <MBN.AX>, two of the largest listed players left in the nickel industry, may be targeted respectively for high grades and long mine life. And Crown, billionaire James Packer's company, may make a bid for rival Echo. "Our view is that Crown will bid for Echo this year to ensure it has a monopoly position in Sydney just like it has in Melbourne and Perth," said the team, which had chosen Echo as the top pick in 2012. There was potential for Vale <VALE5.SA>, Glencore <GLEN.L> or Chinese suitors to bid for Atlas Iron <AGO.AX> to gain entry into the Pilbara iron ore region. "It is already producing, has an open shareholder register, and it is not too large at a market cap of A$1.6 billion," JP Morgan said of Atlas. Other possibilities were BG <BG.L> acquiring Drillsearch Energy <DLS.AX>, Paladin Energy <PDN.AX> attracting interest from Cameco Corp <CCO.TO> or Chinese firms, and offers for Centro Retail Australia <CRF.AX>, Mirvac Group <MGR.AX> or Commonwealth Property Office Fund <CPA.AX>. IOOF Holdings <IFL.AX>, the only remaining listed pure wealth management player left, may catch the attention of AMP Ltd <AMP.AX> or one of the major banks. And construction group Adelaide Brighton <ABC.AX> might attract Fletcher Building <FBU.NZ>, possibly as a joint bid with Boral <BLD.AX>, the yearly update said. (Reporting by Miranda Maxwell and Sonali Paul; Editing by Chris Gallagher) ((miranda.maxwell@thomsonreuters.com)(Reuters Messaging:)(miranda.maxwell.thomsonreuters.com@reuters.net)(+61- 3 9286-1464))

Your thoughts? not sure why in the last 3 days gold stocks have been going up besides PNA, anyone know why?
 
Re: PNA - Panaust

It's primarily a copper play and the market did not like it's last report for some reason.
If Europ has a growth problem so does every one.
Copper is pinned with sentiment against the US$, that US$ is looking to strength given Itally and friends mess, making copper looking to be weak.
 
Re: PNA - Panaust

notting said:
It's primarily a copper play and the market did not like it's last report for some reason.
If Europ has a growth problem so does every one.
Copper is pinned with sentiment against the US$, that US$ is looking to strength given Itally and friends mess, making copper looking to be weak.
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It is having problems with the geological stability of the open pit at Phu Kham and it has informed the market that the problem is worst than first thought. Production will be hit over the next couple of years because of this (whereas the original guidance was for production to only be effected for six months). Drilling results at Phu Kham have also been disappointing.
 
30 Oct 2014

SYDNEY-- PanAust Ltd. said takeover talks with its biggest shareholder have largely
ground to a halt, an announcement that comes on a day the Australian miner forecast
annual copper and gold output at the top end of expectations.
On Thursday, PanAust said China's Guangdong Rising Assets Management has yet to
improve its cash offer of A$2.30-a-share, which the Brisbane-based company rejected in
May as too low.
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Yeah $2.30 was a bit cheeky.
How does $1.30 sound.
8% down thus far today.
 
he Chinese investor has lobbed an unconditional $1.1 billion offer to buy all of PanAust's shares for $1.71 per share in an off-market transaction.

GRAM made informal offers to buy PanAust for $2.30 per share in May 2014, but was knocked back by the board of the company, and no further deal eventuated.
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Looks like one of those China Inc take overs that never happen.
According to PNA people the communists never actually made a formal offer for the $2.30 after announcing that they were. So in reality there was nothing to knock back.
I hope this is positive for our miners in general if the dictators are going to start forcing growth and there buy requiring copper n'stuff. I very much doubt it!!

Massive buying on the market at the offer price. They are buying it!
My guess is that the Chinese are trying to get as many shares as they can from share holders that fall for the so called offer.

The so called offer will be rejected, as it should be and China Inc will walk away with a bigger chunk of shares than they could legally have other wise accumulated at these levels, just as they did with RIO during the GFC.
 
From the price action it appears that the bidder is accumulation up to 172 and is not impatiently driving the thing up to get more volume.
So far a patient ploy, but early days, till May 15 hoping people will get nervous and start dropping shares into the 171, 172 net.
Whilst PNA board and co are telling holders it's way too low!
 
On June 12th, 2015, PanAust Limited (PNA) was removed from the ASX's official list following compulsory acquisition of the Company's securities by Guangdong Rising H.K (Holding) Limited.
 
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