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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

Gold, gold, gold for Laos miner
February 23, 2007

http://www.smh.com.au/news/xchange/gold-gold-gold-for-laos-miner/2007/02/22/1171733949445.html

Maybe it's just because we're so good, Pan Australian Resources suggests.

RISING gold price and a whopping $553 million first-half profit from fellow Laos miner Oxiana certainly hasn't hurt shares in Pan Australian Resources.

Pan's shares surged as much as 20 per cent yesterday on high trading volumes before the stock exchange slapped it with a speeding ticket.

The goldminer has nothing significant to report to explain the rise, but corporate development manager Joe Walsh speculated to Xchange that it could be due to a recent interview lodged with the exchange which said its Phu Kham copper and gold project was ahead of schedule.

Pan also reported record gold production for January.

"I wouldn't be surprised if initially it was some institutional buying but, if that was aggressive, it probably attracted more speculative activity," he said.

Others attributed the rise to increased speculation that Oxiana could launch a bid for Pan and an online report by Stock Resource recommending the stock early yesterday morning. Pan shares closed 4.5c higher at 36.5c.

Fellow goldminers Lihir Gold and St Barbara Mines also enjoyed steep gains on high trading volumes yesterday. Lihir closed 25c higher at $3.51 and St Barbara shares rose 5.5c to 55c.
 
Re: PNA - Pan Australian Resources

Some heavy volume already this morning. Has anyone read that GT Financial tipped with an immediate target of 60 cents. They recommend to buy up to 41 cents. They indicate that once 43 cents is broken its up and away!

Potential Breakout then??? Not a chartist so I am unsure...
 
Re: PNA - Pan Australian Resources

Thanks for the advice about GT Financial, Stereo21, that's really useful to know. After many, many years in mining investment, I really like PNA's story. Also, maybe a logical acquisition target for Oxiana?
 
Re: PNA - Pan Australian Resources

Where can I find a good Aussie stock charting site to
chart PNA and other Aussie stocks?

Please advise.

Thanks.

dervaig
Tampa, Florida
 
Re: PNA - Pan Australian Resources

Bought in @ 0.445 last tuesday....closed today at 0.51 (up 6.25% for the day)

Perhaps a takeover bid looming by fellow miner Oxiana?
 
Re: PNA - Pan Australian Resources

Spineli said:
Perhaps a takeover bid looming by fellow miner Oxiana?
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Given their development of a diversified minerals base, some would argue they could become the next Ox. Plenty of work until then, but showing enough upside to justify a price appreciation.
 
Re: PNA - Pan Australian Resources

Bump...

Noticed that PNA had a bit of a run on monday after a spell of lowering stock prices... it was good, I capitalized on it... while now, it appears that with the 3 days of lowering stock prices now, there appears to be a number of small buys to prop the price up...

Is there something we don't know?...
 
Re: PNA - Pan Australian Resources

I'm onboard as of yesterday. I have been eyeing Pan for a long time. I didnt expect them to run but when all the broker research reports came out it ruined my plans to get in at a cheaper level. They are looking better and better. Holding long.
 
Re: PNA - Pan Australian Resources

Running hot over the past week since the announcement "Encouraging zinc & copper assays from Puthep Thailand" Lucky to have jumped on one day before this announcement. Im glad I didnt miss the boat..but I wonder how much further this will last in the short term. Long term prospects are fine. I hope it continues to run into the 80's..should be interesting.
 
Re: PNA - Pan Australian Resources

Good long term prospect. I got in at around 40c, sometimes moving slowly, but when it accelerates, can go up really fast.
 
Re: PNA - Pan Australian Resources

PNA just got added to S&P's all aussie 200, should be more good news?

PS can we get a letter counter if there is a 100 letter minimum? :p
 
Re: PNA - Pan Australian Resources

Since being added to the ASX 200 pan is moving along niceley. Strong movement today. Touched 73.5. Closed at 70. Will be holding long on this one also. It seems to be following the same path as Oxiana did.
 
Re: PNA - Pan Australian Resources

chris1983 said:
Since being added to the ASX 200 pan is moving along niceley. Strong movement today. Touched 73.5. Closed at 70. Will be holding long on this one also. It seems to be following the same path as Oxiana did.
Click to expand...
Chris1983, some index fund buyers are probably increasing their holdings in PNA as its now part of the ASX 200 index. Its most reecent announcement in relation to encouraging zinc and copper assay results in Thailand has also had a positive effect. Its viewed by some quarters as being a mini-Oxiana in relation to its Asian interests.
DYOR
 
Re: PNA - Pan Australian Resources

greggy said:
Chris1983, some index fund buyers are probably increasing their holdings in PNA as its now part of the ASX 200 index. Its most reecent announcement in relation to encouraging zinc and copper assay results in Thailand has also had a positive effect. Its viewed by some quarters as being a mini-Oxiana in relation to its Asian interests.
DYOR
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Yeah its looking very good atm. When do you sell though. I got onto this one as a longterm hold buts its really gone up fast. Their mine will be huge and is a company maker..its got excellent support on a down day also. I thought my shares would be in a sea of red today but that isnt the case. Go the Pan.
 
Re: PNA - Pan Australian Resources

chris1983 said:
Yeah its looking very good atm. When do you sell though. I got onto this one as a longterm hold buts its really gone up fast. Their mine will be huge and is a company maker..its got excellent support on a down day also. I thought my shares would be in a sea of red today but that isnt the case. Go the Pan.
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Hi Chris1983,

PNA definitely had another good day, finishing at 72.5 cents, up 2.5 cents, on reasonable turnover. Considering today was a poor day for the market, PNA has done very well indeed. I wouldn't know at this stage when to sell. I suppose its up to each individual holder. Lately I've been taking my profits a little too quickly. Still one can't complain when taking a reasonable profit.
DYOR
 
Re: PNA - Pan Australian Resources

announcement out

Broad high-grade drill intercepts at the Ban Houayxai gold-silver deposit, Laos

Pan Australian Resources Limited (ASX Stock Code: “PNA”) is pleased to announce further high-grade assay results from exploration drilling at the Ban Houayxai gold-silver deposit in Laos. Ban Houayxai is located 35km west of the Phu Kham copper-gold deposit, that is currently being developed and where production of copper-gold concentrate is scheduled to commence in the first half of 2008.

Diamond core holes HDD016 and HDD017 have identified a second mineralised zone containing high-grade primary mineralisation (the “northern zone”) 300m north and along strike of the initial zone of primary mineralisation (the “southern zone”) identified in the south of the deposit.

The gold equivalent grades (calculated on a gold:silver value ratio of 50:1) of HDD016 and HDD017 are shown below:

Hole HDD017;

• 98 metres at a gold equivalent grade of 3.7g/t (3.3g/t gold and 18.4g/t silver) from a depth of 176 metres, including:
- 20.6 metres at a gold equivalent grade of 12.8g/t (11.5g/t gold and 62.5g/t silver) from a depth of 211.4 metres.

Hole HDD016;

• 56 metres at a gold equivalent grade of 4.9g/t (3.0g/t gold and 94.7g/t silver) from a depth of 88 metres, including:
− 6 metres at a gold equivalent grade of 12.9g/t (6.8g/t gold and 301.3g/t silver) from a depth of 120 metres, and
− 6 metres at a gold equivalent grade of 21.3g/t (13.6g/t gold and 384.5g/t silver) from a depth of 136 metres.

Drilling has now identified two discrete zones containing high-grade mineralisation of significant width that extend from near-surface to a depth of over 300 metres within a steeply dipping alteration envelope (see Section 1). The southern zone, defined by HDD006-013, has a strike length of approximately 150 metres and is open to the south. The northern zone intersected by HDD016 and HDD017 commences 300 metres north of the southern zone and is open to the north.
 
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