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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

G'day. First post here though been watching a while...

Thoughts on PNA at current levels? Had been heading north quite healthily, steadied on a mediocre day at the mkt today, didn't falter though.

I haven't heard any new news as yet. Not sure it can push higher unless sentiment driven alone, or there's more in the pipeline?

Thanks!

HHH
 
Re: PNA - Pan Australian Resources

:)

.... copper sales agreement with BHP ... :)

A little later, than expected ... lol

happy days

yogi

:)
 
Re: PNA - Pan Australian Resources

Strange the announcement wasn't marked 'market sensitive' !

Huge volumes at the moment and price up 15% :eek:
 
Re: PNA - Pan Australian Resources

ALFguy said:
Strange the announcement wasn't marked 'market sensitive' !

Huge volumes at the moment and price up 15% :eek:
Click to expand...

according to yahoo 7 site, it is market sensitive...but not so on the etrade site :banghead:
but who cares, at this stage it's good news... :)
 
Re: PNA - Pan Australian Resources

Bought these yesterday after the weakness, nice little one day return =)
 
Re: PNA - Pan Australian Resources

I see that Pan are capital raising at 30c per share via a 4 for 5 rights issue. Lets hope we don't see the price crash too much when they come out of trading halt.
 
Re: PNA - Pan Australian Resources

lbaz9 said:
I see that Pan are capital raising at 30c per share via a 4 for 5 rights issue. Lets hope we don't see the price crash too much when they come out of trading halt.
Click to expand...

hope so too...although the buyers are prepared topay .43/.44c yet the sellers are happy to take .33 :banghead:
 
Re: PNA - Pan Australian Resources

At last this one is trading again! So, given the current sp of 33c, what are people doing - selling then buying in the rights issue, holding and buying, or just outright selling? :confused:

For the moment I am holding and buying but this may well change..... Lucky its about the gold or I might have sold in a huff after the week's wait! :p:
 
Re: PNA - Pan Australian Resources

Prospector said:
At last this one is trading again! So, given the current sp of 33c, what are people doing - selling then buying in the rights issue, holding and buying, or just outright selling? :confused:

For the moment I am holding and buying but this may well change..... Lucky its about the gold or I might have sold in a huff after the week's wait! :p:
Click to expand...

Why would you sell PNA unless you were a day trader and got caught out!! We will all agree that dilusion is no good, but to put things into perspective, the outlook now for PNA is better than what it was 2weeks ago. I was blown away with the 90%uptake of Institutional Shares. That is a real credit to the switched management of PNA and it really is enough for me to not even consider selling this stock.!! The Big End of Town(ABN Amro/ANZ/JBWERE) know the potential of this stock and they dont go throwing money into something unless their confidence level in the company are at a premium!!

I have been toying with this stock since its early teens, and to get where it is this last week is sensational. Green Light for PNA.
Also take into account that when PAN's BSF came thru, Phu Kam was based on decent profits with copper trading within the $1-$1.50 per pound range. Copper is currently as we know trading at $3.50 per pound!! I f by chance we look back in a few years time and current copper levels are cheap, well PNA will be swimming in money!! Even if Copper retreats back to $2-$2.50, the profits outlook is sensational!!
 
Re: PNA - Pan Australian Resources

It would appear that the fundementals have not changed--now its a question
of raising funds?What do people think the sp will be say in next 6 mths
 
Re: PNA - Pan Australian Resources

Dollarman said:
It would appear that the fundementals have not changed--now its a question
of raising funds?What do people think the sp will be say in next 6 mths
Click to expand...

Time will tell, but i predict a 6month target of 70 cents. Time will tell!!

PNA needs to be put into perspective.
Sure we dont like dilusion but the outcome is Phu Kam mine alone will be generating nearly HALF A BILLION DOLLARS U.S. PER ANNUM.(based on current copper,gold,silver prices). The Phu Bia Gold Mine of 50,000oz of Gold will generate $32.5 Million U.S. based on current price of Gold!!
You can now see why The Institutions have not blinked an eye and taken up 90% of the institutional allocated shares.
This week has positioned PNA as a real serious mining company!!
 
Re: PNA - Pan Australian Resources

Sold out last friday before the trading halt.Hoping the price comes back to 30c so i can get back in.Been on this stock since it first hit 10c.Its been a long wait but worth it,i'm with you johno this stock is really going to go in a big way in the next 12 months.
 
Re: PNA - Pan Australian Resources

grunt said:
Sold out last friday before the trading halt.Hoping the price comes back to 30c so i can get back in.Been on this stock since it first hit 10c.Its been a long wait but worth it,i'm with you johno this stock is really going to go in a big way in the next 12 months.
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This is a serious question? Are you or were you a GRUNT?
I probably purchased yours Last Thursday @ 39 cents!! ha ha
 
Re: PNA - Pan Australian Resources

johnno261 said:
This is a serious question? Are you or were you a GRUNT?
I probably purchased yours Last Thursday @ 39 cents!! ha ha
Click to expand...


A bit harsh - he is agreeing with you! And didnt it close at around 33c yesterday anyway - so....
 
Re: PNA - Pan Australian Resources

Prospector said:
A bit harsh - he is agreeing with you! And didnt it close at around 33c yesterday anyway - so....
Click to expand...
Grunt = infantry soldier, certainly not a derogatory term.

FTR been holding a teeny amount of PNA for a while, will take up rights issue & hold LT if fundamentals don't change
 
Re: PNA - Pan Australian Resources

Mofra said:
Grunt = infantry soldier, certainly not a derogatory term.

FTR been holding a teeny amount of PNA for a while, will take up rights issue & hold LT if fundamentals don't change
Click to expand...

I asked the question are you or were you a Grunt, simply because I was and was curious to ascertain which posting he was based @, had he replied yes.
 
Re: PNA - Pan Australian Resources

Only arms corps soldiers would think 'grunt' is not a derogatory term. he he.
 
Re: PNA - Pan Australian Resources

Todays announcement by PNA was a very big buy opportunity for me whilst the market was very RED. Had these Gold Drill Result Extensions come thru any other day, it would have set it in an upward trend for the day.

* 44metres @ 2.1g/t including a zone of 10metres@6.3g/t
* 100metres @ 1.5g/t including a zone of 8metres @ 5.1g/t
* 32metres @ 1.1g/t including a zone of 4metres @ 6.6g/t
* 26metres @ 1.5g/t including a zone of 4metres @ 6.9g/t

ALSO TAKE NOTE THAT ALL OF THE ABOVE RESULTS ARE AT SURFACE LEVEL, so hardly any extraction costs involved and no waistage of mined ore!!!!!! WOW
 
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