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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

I do not know much about PNA in relation to it's current share price (0.745c). Do the long time followers feel that this is sustainable? I could have asked this question every week for the last 3 weeks, when it was 50/60/70c respectively. Is this a stock that will move past a dollar, and have some of us regret that we felt 70c was too high?

Some basic education is what I am looking for.
 
Re: PNA - Pan Australian Resources

eMark said:
I do not know much about PNA in relation to it's current share price (0.745c). Do the long time followers feel that this is sustainable? I could have asked this question every week for the last 3 weeks, when it was 50/60/70c respectively. Is this a stock that will move past a dollar, and have some of us regret that we felt 70c was too high?

Some basic education is what I am looking for.
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Been following this puppy for about 2 1/2 years. When I got the tip
I was on a flight with an equipment supplier to PNA, and he told me
to buy if I had some loose change, which I did.
It's taken some time to move, but has moved nicely as of late, and
I fully expect it to keep moving, UP!
 
Re: PNA - Pan Australian Resources

I sold out today. Was a good profit for a short term hold. I was going to hold long but the profits in front of me were too tempting. Have moved the funds into PDN and am now holding more AGM. I think PNA is a good longterm stock Still has awhile to go yet which is why I decided to take the profit and run. Definately still looks great. Good luck to the longs.
 
Re: PNA - Pan Australian Resources

chris1983 said:
Still has awhile to go yet which is why I decided to take the profit and run.
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I don't understand. You said in your opinion it still has a while to go yet, but you took your profit anyway.

Do you mean you feel PNA still has some further retractment to go? Or further upside?
 
Re: PNA - Pan Australian Resources

eMark said:
I don't understand. You said in your opinion it still has a while to go yet, but you took your profit anyway.

Do you mean you feel PNA still has some further retractment to go? Or further upside?
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Think there is a possibility for a retracement in the short term. They still have awhile to go..a long way out from production. Long term Pan look great. I sold because I recently got a margin loan and of course Ive been buying margin loanable stocks. I have to protect my profits with the margin loan..bit more risk involved if the market goes into a downturn..if it was my own funds I would of just left them there.
 
Re: PNA - Pan Australian Resources

Another strong ann. out yesterday, ended up closing at 70c, not bad after obvious profit taking took place. Unfortunately I needed cash and sold out at 62c earlier on, am kicking myself because i never wanted to sell.

Got back into it yesterday morning and have much confidence in this little gem, like you Chris i wish i left my original parcel... she's a long term beauty for sure.

All the best to all holders.
 
Re: PNA - Pan Australian Resources

eMark said:
I do not know much about PNA in relation to it's current share price (0.745c). Do the long time followers feel that this is sustainable?
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I've been holding for quite a while, basically the company is still ramping up their production, whilst exploring further upside with drilling continuing a short distance away from Phu Kham (Ban Houayxai). Given the upside I'm happy to continue holding, ignoring the normal daily fluctuations.
 
Re: PNA - Pan Australian Resources

Report out today - fairly positive in terms of being ahead of development, although someone once said they've never read pessimism in a company report ;)

At least there was re-confrimation that funding is sorted out until mid 08 ramp up to full production. Promising drilling results & a mining-friendly government certainly help.
 
Re: PNA - Pan Australian Resources

Some interesting news and snippets wrt to PNA, OXR and ZFX

http://uk.reuters.com/article/oilRpt/idUKL0460968520071004

Interesting quote in the media recently with respect to Oxiana, ZFX and PNA. All mentioned in the one breath. "Miner Oxiana gained 5c to $3.79 after negotiations for a merger with Zinifex reportedly stalled. Zinifex dropped 11c to $18.29. Pan Australian Resources, which is developing a copper and gold mine in Laos, added 1.5c to 81c. Pan Australian was rated "outperform" in new coverage by RBC Capital Markets analyst Paul Young, who set a price target of $1.10 on the shares." - Resources bounce leads market gain - SMH Oct 6th '07.

Another media release:
"Zinifex said it was targeting mid-tier copper assets which contained at least 1 million tonnes of metal for an annual production rate of 100,000 tonnes a year." - Zinifex out to conquer new territory - The Age Oct 5th '07.

We can see from recent media releases that ZFX is after a Copper producer, so if OXR has fallen through. Who is next??? Just trying to put two and two together with these recent media releases.

Any other thoughts?
 
Re: PNA - Pan Australian Resources

Mofra said:
Report out today - fairly positive in terms of being ahead of development, although someone once said they've never read pessimism in a company report ;)

At least there was re-confrimation that funding is sorted out until mid 08 ramp up to full production. Promising drilling results & a mining-friendly government certainly help.
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Hi does anyone know the expeted mine life of PNA?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -0.5 -0.3 10.5 14.3
DPS 0.0 0.0 0.0 0.0

thx 12

MS
 
Re: PNA - Pan Australian Resources

Hi All,

First Post to a great Forum! PNA has been my pet project since about 2004 and doing nicely for me.

The Phu Kham Copper-Gold Project as follows from PNA's Website...

Pan Australian 100%, Government of Laos option to acquire 10%
Open Pit Copper-Gold Project - Development
Nominal Treatment Rate: 12 million tonnes per year

Annual Production Target: + 50,000 tonnes copper
+ 47,000 ounces gold
+ 400,000 ounces silver
Concentrate Produce: Transported to third-party smelters
Mineral Resource: 1,190,000 tonnes copper, 1.5 million ounces gold
192Mt at 0.62% copper, 0.24g/t gold (0.3% cut-off)
Ore Reserve: 144Mt at 0.56% copper, 0.25g/t gold
Strip Ratio: 0.6
Annual Concentrate Specification: 207,00dmt @ 25% copper, 7g/t gold and 65g/t silver
Annual Production Average: 52,000t copper, 47,000oz gold and ~400,000oz silver
Mine Life: +12 yrs
Development Capital: US$232M
Mine Site Cash Operating Cost: US ¢40lb
Total Cash Operating Cost: US ¢74/lb

Annual Cash Flow Sensitivity adopting 12Mtpa study inputs (Silver price assumption US$8,00/oz for all scenarios)
Cash Flow Estimate

Capital Payback
Copper US$1.35/lb, Gold US$450/oz US$50M <5 yrs
Copper US$2.25/lb, Gold US$550/oz US$108M <3 yrs

More info about PNA available on thier website http://www.panaustralian.com.au/
 
Re: PNA - Pan Australian Resources

Welcome Fitzroy,

As I read most of the company info, there isn't too much upside built in so far for tenements close by (most notably Ban Houayxai) so despite the company trading relatively close to its forward PE estimates (with some discount for risk) there certainly seems like plenty of upside, considering drilling is underway.

Costed, priced & funded with upside, happy to hold :)
 
Re: PNA - Pan Australian Resources

what's PNA doing now?

I checked the chart its been going up nicely in a uptrend. Steady.

What do you guys think?

Any more news coming out?
 
Re: PNA - Pan Australian Resources

BankRoller said:
Well there was a murmur or two that Oxiana MIGHT be interested in making a bid for PNA given the copper and gold outputs it has estimated at its Phu Kham mine.
The section titled "Smooth Sailing" in the SMH yesterday dropped a possible hint of this happening:

http://business.smh.com.au/where-the-mood-may-take-us/20071209-1fzg.html?page=2
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This doesn't surprise me in the slightest. The Phu Kham mine is indicating to be something very special, PNA is a ripe target and Oxiana are flush with cash openly seeking quality aquisitions.

The trading today was excellent, mostly computer generated at market buying with very large offscreen buys. So glad I took another position before this weeks movement occurred. The upward pressure on the sp is very clear.
 
Re: PNA - Pan Australian Resources

"Smooth sailing"
The Laos copper-gold miner Pan Australian could prove a tempting target for Oxiana as it continues to report good news about its Phu Kham project.

The $US241 million ($274 million) first-stage at Phu Kham is under construction and should produce its first concentrate in the coming March quarter. But Pan is already thinking bigger. Last week it obtained a $US75 million debt facility to give it the funds to order a ball mill for an expansion of the project. In a rare move in the overheated mining sector, Pan thinks it will complete the second-stage of Phu Kham six months early. Phu Kham could therefore produce 65,000 tonnes of copper a year and 60,000 ounces of gold from 2010. That would make it similar in size to Oxiana's present operations at the Sepon copper-gold project in Laos.


Would OXR be looking for some more drilling results for Ban Houayxai prior to costing a takeover?
 
Re: PNA - Pan Australian Resources

Mofra said:
"Smooth sailing"
The Laos copper-gold miner Pan Australian could prove a tempting target for Oxiana as it continues to report good news about its Phu Kham project.

The $US241 million ($274 million) first-stage at Phu Kham is under construction and should produce its first concentrate in the coming March quarter. But Pan is already thinking bigger. Last week it obtained a $US75 million debt facility to give it the funds to order a ball mill for an expansion of the project. In a rare move in the overheated mining sector, Pan thinks it will complete the second-stage of Phu Kham six months early. Phu Kham could therefore produce 65,000 tonnes of copper a year and 60,000 ounces of gold from 2010. That would make it similar in size to Oxiana's present operations at the Sepon copper-gold project in Laos.


Would OXR be looking for some more drilling results for Ban Houayxai prior to costing a takeover?
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You would think that, but OXR have shown no interest in the past. I own both companies, and believe they are both quality due to their close proximity to China.
 
Re: PNA - Pan Australian Resources

I sold out of Oxiana (too early) after buying at around 9 cents but bought into PNA at about the same price, plus some at 30c. The operational logistical synergies would be considerable, given the Laotian/Thai mining and exploration locations of the two companies. Worth haning onto PNA regardless.

Mind you, one day Tamaya Resources will exceed their market caps!!
 
Re: PNA - Pan Australian Resources

What the @#@??

This stock has been travelling ok for some time, up a little down a little but today!!!!
What a disaster!! I can't believe the hit this stock has taken. Wish I had of got the hell out
A tragedy
:(
 
Re: PNA - Pan Australian Resources

L plates said:
What the @#@??

This stock has been travelling ok for some time, up a little down a little but today!!!!
What a disaster!! I can't believe the hit this stock has taken. Wish I had of got the hell out
A tragedy
:(
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Not just PNA. Almost all gold shares got hit very badly today. I guess that is the power of margin calls.
 
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