Australian (ASX) Stock Market Forum

PNA - PanAust Limited

Re: PNA - Pan Australian Resources

The market hasn't reacted at all, and PNA is trading at 32c, probably due to the lower mineral prices over the last couple of days. Do you see the price increasing after the rights offer is closed?
 
Re: PNA - Pan Australian Resources

It wont rise, it might even fall because suddenly the value of each share is diluted because of a massice increase in total number.
 
Re: PNA - Pan Australian Resources

I always read your posts Prospector, just to look at your picture!
 
Re: PNA - Pan Australian Resources

what happens if you were entitled to rights but didnt take them up?

If the share price remains trading above the rights price, is there any $$$ going back to the shareholder if they didnt take up the rights?

Eg:

Share price 35c
rights price 30c

difference 5c

entitlemnt of rights not taken up 10,000 rights

does that mean the 5c difference in share price and rights price X 10,000 rights not taken up goes to the shareholder?

Am i making sense or am i off the track?
 
Re: PNA - Pan Australian Resources

lbaz9 said:
The market hasn't reacted at all, and PNA is trading at 32c, probably due to the lower mineral prices over the last couple of days. Do you see the price increasing after the rights offer is closed?

Dillution alone should have taken the sp to 35c if commodities held. But commodities have taken a massive hit since the sp was trading at it's highs...However there were some significant anouncements which PNA had up there sleaves in case the above happened.. Anyones guess short -term as there are bigger powers at play, however long term we all know where this one is going.
 
PNA - Good article in Smart Investor magazine

This stock was given a good review in this month's magazine. Using technical analysis tools, this stock is on the uptrend with a price of $1.60 the target.

With its imminent arrival into the ASX200 stocks, due to its market capitalisation, and the fact that it has proven resources and is a producer not only just exploring for resources makes this an attractive one in my humble opinion.

The brokers seem to like this one - Intersuisse has recommended this strongly and institutions have come on board big time.

I am hoping for it to go back to the mid 40s again soon ! Already made some hefty profits on this stock !
 
Re: PNA - Pan Australian Resources

I am now looking at re-entering pan at 27-28c as i believe there is a bit more down side to this stock before the inevitable climb up to $1 plus.In the mean time i am very heavily into LHG which has an strong upsurge happening.
 
Re: PNA - Pan Australian Resources

I have followed this equity for about 1 1/2 years.
Got a tip from an equipment supplier to the company,
while on a flight.

With gold and copper prices where they sit, interest
rates on the rise in the US, and the US dollar on the
downtrend, this appears to be a worthy long-term
investment.

Anyone have any thoughts on the future of Pan
Australian?

Thanks,

Brent in Florida

p.s. a very good short-term US investment, Healthsouth,
trading on the Pinks under the symbol HLSH.pk
Do your own DD.
 
Re: PNA - Pan Australian Resources

HLSH.pk doesnt look like anything special ? what do you know that we dont ?
 
Re: PNA - Pan Australian Resources

Had hoped to buy back in at 28c but i couldn't help myself and jumped in at 31c today. Will probaly kick myself for being impatient but i really believe that Pan is really going to become a very solid mid cap company because of very good management. Would not be surprised to see a take over bid soon as a lot of the big miners are cashed up and are looking to snap up the minnows.
 
Re: PNA - Pan Australian Resources

Good assessment Powwwww!! Another one to "bottom drawer" in a choppy market.
 
Re: PNA - Pan Australian Resources

PNA is a nice bottom pick at the moment. Cheap SP and decent fundamentals, I don't think their are many stock holders left in at todays current SP. I reckon this will be back to :rolleyes: at least at 34c in the next month. A decent return for a short trade.
Any one else have an opinion?.
 
Re: PNA - Pan Australian Resources

I agree!!! Should be back into 30cents towards end of this month...but then again who knows with this crazy market!!!
 
Re: PNA - Pan Australian Resources

I'm in the mining industry and we have done some estimating and engineering work for pna. Colleagues have been over there and commented that pna's operation is looking good and they are going to make some serious money soon. Should make some serious dollars early next year, needless to say all the other engineers at work have bought pna shares and we are waiting for the boom.
 
Re: PNA - Pan Australian Resources

gee i better go and buy some shares.better do it tomorrow in case i miss out!!!!
is that want you want me too do??


why are they going to make serious $$$ soon???chart's been in a downtrend for the last 5 months. i wouldnt be touching them until this changes.whenever that is.your mates would be losing money atm, doesnt sound that good to me.
 
Re: PNA - Pan Australian Resources

Soon, as in next few months to <12months mate. They are going to be a highly profitable mine but haven't yet ramped up production.
 
Re: PNA - Pan Australian Resources

maverick11 said:
Soon, as in next few months to <12months mate. They are going to be a highly profitable mine but haven't yet ramped up production.

I agree. This one has the potential to be a repeat of OXR. They seem to keep increasing their deposit in LAOS exactly what OXR was doing when they first started. Should be interesting once they get their mine up and production gets underway. Still awhile to go yet.
 
Top