PNA - PanAust Limited

[So_Cynical]

Re: PNA - Pan Australian Resources

Not just PNA. Almost all gold shares got hit very badly today. I guess that is the power of margin calls.

Pure Gold stocks have held up better than the general market...in general.

PNA is only a part goldie!

 

[katalyst]

Re: PNA - Pan Australian Resources

hi,
i was just browsing my way through some charts and PNA came up. To my novice eyes it looks like and ascending triangle. Seems to be support/resistance at around 93c. MACD is moving up, would be nice to see it break through 93c with some decent volume. Any comments would be much appreciated.

thanks

 

[Mofra]

Re: PNA - Pan Australian Resources

If it breaks the 93c it will still still find later resistance at the old trend channel top at ~$1.11, although that appears to be a nice safe place to take part-profits. Fundamentally they are ahead on most capital projects to fully develop Phu Kham so later in the year there should be some more interest as actual production rates start to become known.

 

[Black Range]

Re: PNA - Pan Australian Resources

Gap closed and ready to run.

Its was very enlightening to see a Strong Friday close on PNA with a total of 207,985 shares traded at .925 & Gap Filled. IMO : We should see PNA run to $1.00+ over the coming period, with Copper & Gold Rocketing. Been in this one since 25c so rewards have already been set in play.

Here's a run down of PNAs recent trading.
_________________________________________

08-02-2008 0.910 0.925 0.905 0.925 2,142,336
07-02-2008 0.900 0.905 0.890 0.900 3,057,166
06-02-2008 0.870 0.905 0.870 0.885 5,282,543
05-02-2008 0.890 0.920 0.880 0.910 5,430,403
04-02-2008 0.900 0.915 0.890 0.900 3,982,733
01-02-2008 0.890 0.900 0.875 0.890 4,850,272
31-01-2008 0.890 0.890 0.840 0.870 6,523,240
30-01-2008 0.920 0.930 0.880 0.905 6,523,725
29-01-2008 0.915 0.915 0.880 0.880 6,613,966
25-01-2008 0.910 0.920 0.900 0.920 6,716,331
______________________________

5-day EMA: 0.895
10-day EMA: 0.897
15-day EMA: 0.907
30-day EMA: 0.934
______________________________

Fridays Trading Feb. 8th
Last Price: 0.925
No. of Trades: 455
Volume: 2,142,336
Opening Price: 0.910
High Price: 0.925
Low Price: 0.905

Closing Buy Depth : 0.920 (3,745,566)
Closing Sell Depth : 0.925 (4,151,042)

Cheers from grant64t
.
. I Have Included this Turbotrader Market Overlay Chart to assist understanding just how strong PNA closed on Friday, Green signifies the Buyers & Orange the Sells. As can be seen Buy side closed in very strongly on late trade,.... Cheers, from grant64t.

 

[katalyst]

Re: PNA - Pan Australian Resources

hey black range, do you think it will be able to break through $1.10-$1.15 where it has met previous resistance?

 

[Black Range]

Re: PNA - Pan Australian Resources

Hi Katylyst. Uptrend still in tact

Pan Australia Resources strong run seems set to continue after yet another strong Monday arvo close.

Course of Trades Last 10.
Time Price Quantity Value Ref.No Condition
16:16:44 0.940....42 $39.48............... OffMkt LT XT
16:16:24 0.940....40,912 $38,457.20...OffMkt LT XT
16:10:50 0.940....10,000 $9,400.00.....XT
16:10:50 0.940....5,000 $4,700.00
16:10:50 0.940....20,508 $19,277.52
16:10:50 0.940....5,000 $4,700.00
16:10:50 0.940....33,101 $31,114.94
16:10:50 0.940....18,690 $17,568.60
16:10:50 0.940....12,489 $11,739.66
16:10:50 0.940....21,913 $20,598.22


Opening Price: 0.930
High Price: 0.950
Low Price: 0.930
Last Price: 0.940

Close of Trade Market Depths.
Buy: 0.935 (3,935,981)242 bids
Sell: 0.940 (3,877,369)171 bids


Cheers from grant64t
.
.
I Have once again Included this Todays Closing, Market Overlay Chart from the period 2.00p.m. to 4.10 Close to assist understanding just how strong PNA closed on Monday, Green signifies the Buyers & Orange the Sells. As can be seen Buy side closed in very strongly again as it did on last Fridays late trade. " Good Signs once again for Tuesdays Open.

P.S. MDX turned out to be a very profitable Trade on Fridays .155 Buy & out on Mondays open at .19..... for a tidy & profitable 22% In & Out Trade.

 

[Birdster]

Re: PNA - Pan Australian Resources

Ann out today;

http://www.asx.com.au/asx/research/...lts.jsp?searchBy=asxCode&allinfo=&asxCode=pna

It has showed some action in the price, but don't think it's going too far until the plant reaches full production, IMO.

I'm Putting on my watchlist, for a while anyway.

 

[katalyst]

Re: PNA - Pan Australian Resources

I go away for a few days and look what happens, it shoots straight up lol. Oh well, I got in today, perhaps too late but we'll see. It seems to be running fairly solidly with nice volume today. Looks like it could retest the resistance around $1.10 fairly soon. Whats your take on things black range?

 

[Black Range]

Re: PNA - Pan Australian Resources

Katalylst, once again a very strong close
Yet again it seems much of the accumulation into PNA is occurring within the final closing minutes of Trade. Here's a run down of Mondays trading close, to which I have again included the todays Intra-Day Chart period between the Trading period of 2.30 to 4.10p.m., showing the strong Pre-close accumulation of 431,137 shares at $1.005

Last 10 Trades Monday 18th Feb.
16:24:55...0.980 258,776 $253,600.48...OffMkt SP XT
16:10:55...1.005 33,964 $34,133.82
16:10:55...1.005 2,301.. $2,312.50
16:10:55...1.005 1,149.. $1,154.74
16:10:55...1.005 6,550.. $6,582.75
16:10:55...1.005 10,000 $10,050.00
16:10:55...1.005 35,978 $36,157.89
16:10:55...1.005 4,022.. $4,042.11
16:10:55...1.005 2,000.. $2,010.00
16:10:55...1.005 2,000.. $2,010.00

No. of Trades: 685
Volume: 3,241,187

Opening Price:. 0.990
High Price:.......1.005
Low Price:........0.980
Closing Price....1.005

Closing Buy Depth:..0.995 (3,579,917)
Closing Sell Depth: 1.005 (4,147,089

6-month High: 1.150
5-day EMA: 0.970
10-day EMA: 0.948
15-day EMA: 0.940
30-day EMA: 0.944
Avg Volume: 5,349,736

.
Cheers from grant64
IMO : 6 Month target $1.40 - $1.60..But as always the market will decide.
.
.

 

[Prospector]

Re: PNA - Pan Australian Resources

I bought into PNA when it was around 16 cents, and there it stayed for a very very long time. In the end ( a couple of years), I decided to tidy up the portfolio and sold at around 17 cents I think. Oh well, have just bought back in at 99 cents, such is life!

 

[Black Range]

Re: PNA - Pan Australian Resources

Pan Australia Resources Last 10 Days Trading Price/Volumes
Date............. Open....High...Low....Close .......Vol.
22-02-2008.... 1.030..1.070..1.020..$1.070 ...6,030,120
21-02-2008.... 1.050..1.065..1.010..$1.030 ...4,583,232
20-02-2008.... 1.035..1.060..1.020..$1.040 ...7,401,504
19-02-2008.... 1.010..1.015..1.005..$1.010 ...4,354,930
18-02-2008.... 0.990..1.005..0.980..$1.005 ...3,241,187
15-02-2008.... 0.995..0.995..0.970..$0.980 ...3,479,101
14-02-2008.... 1.000..1.030..0.995..$1.005 ...11,459,484
13-02-2008.... 0.945..1.010..0.935..$0.975 ...6,803,448
12-02-2008.... 0.950..0.950..0.935..$0.950 ...3,680,476
11-02-2008.... 0.930..0.950..0.930..$0.940 ...3,700,816


To all PNA Holders there's a game at play within Pan Australia, & its called accumulation. First sign is increased Volume, with a slow & steady rise in value.

And IMO : This is Why
Annual Production beyond 2010 of 65,000t....at Phu Kham will be one of the most Capital efficient world wide operations on equivalent mine production basis.

PNA...Phu Kham Copper anticipated Production of 65,000t = 143Mill Lbs = Approx $400 Mill Annual Profit on Copper alone at Phu Kham Operations .... based on Todays $3.60p/lb less .80 Costs (anticipated).... But without doubt numbers will change !! Add to this Gold/Silver.

Here's a run down of Todays Friday 22nd Feb Trading.


No. of Trades: 1575
Volume:............. 6,030,120

Opening Price:... 1.030
High Price:........ 1.070
Low Price:......... 1.020

Todays Close $1.07

Todays final 10 trades
16:11:00...1.070...6,000..... $6,420.00
16:11:00...1.070...28,007... $29,967.49
16:11:00...1.070...30,761... $32,914.27
16:11:00...1.070...6,800..... $7,276.00
16:11:00...1.070...14,477... $15,490.39
16:11:00...1.070...10,000... $10,700.00
16:11:00...1.070...547........ $585.29
16:11:00...1.070...4,157..... $4,447.99
16:11:00...1.070...5,251..... $5,618.57
16:11:00...1.070...10,000... $10,700.00



P.S. Keep an eye on (AOE) ARROW ENERGY....


Cheers to all PNA Holders from grant64


Here's todays Closing Intra-Day Chart for Today-Friday 22nd FEB. for the period 3.02p.m to 4.11p.m. showing a further 335,195 Shares traded (accumulated) on the Close at $1.07.

Green Line Displays Buyers, Orange Sellers Market Depth. Blue Line represents previous days close.

 

[kransky]

Re: PNA - Pan Australian Resources

Can someone tell me what sort of prices companies get for metal in concentrate?

I know copper is like $3.5/lb, gold is 1000/oz, silver is 17/oz

But what will pna get for the concentrate they produce?

This questions stops me from confidently assessing many companies!

 

[Black Range]

Re: PNA - Pan Australian Resources

IMO: BREAKOUT Coming .....Here's Yesterdays Trading Stats for Monday 25th Feb.

No. of Trades: 1065
Volume:............. 6,883,850

Opening Price:... 1.075
High Price:........ 1.090
Low Price:......... 1.055
Todays Close $ 1.080

Closing Buyer Depth: $1.075 (4,652,660)
Closing Seller Depth: $1.080 (4,006,420)

Todays final 10 trades
16:24:56...1.080... 78,381... $84,651.48 offMkt SP XT
16:19:15...1.080... 506,900.. $547,452.00 offMkt LT XT
16:10:52...1.080... 3,082..... $3,328.56
16:10:52...1.080... 565........ $610.20
16:10:52...1.080... 5,000..... $5,400.00
16:10:52...1.080... 6,000..... $6,480.00
16:10:52...1.080... 15,866... $17,135.28
16:10:52...1.080... 26,913... $29,066.04
16:10:52...1.080... 20,656... $22,308.48
16:10:52...1.080... 3,000..... $3,240.00 XT


6-month High: 1.150

5-day EMA:. 1.034
10-day EMA: 1.005
15-day EMA: 0.986
30-day EMA: 0.970

Avg Volume: 4,975,299

Cheers to all PNA Holders from grant64
.
.



Here's yesterdays Closing Intra-Day Chart for-Monday 25th FEB. for the period 1.27p.m to 4.11p.m. showing a further 250,158 Shares traded on the Close at $1.08.

Green Line Displays Buyers, Orange Sellers Market Depth. Blue Line represents previous days close. All Data taken from http://www.turbotrader.net.au/

 

[L plates]

Re: PNA - Pan Australian Resources

Hi Black Range,

I agree 100% This stock looks primed for a good break.
The OBV shows a good break of the downward trading channel. The RSI is very much the same. Vol has been rising over the last few days nicely. All of my tech tools show it's all ready for a good break, in fact yesterday it closed above the upper resistance line of the wedge.
What we need now is a really good break along with high vol and then we're away.
I've held this stock through all the pain, from $1.05 all the way down to 60 odd cents. God I hope it's pay-back time.
I think it's all good for PNA now.
Cheers
L

 

[hobbietrader]

Re: PNA - Pan Australian Resources

I've been holding this one for a while. Unexpectedly closed below $1.00 with sell off in the afternoon. Any ideas why?

 

[BankRoller]

Re: PNA - Pan Australian Resources

just sentiment from the "global credit crunch", which is just a term coined to represent a downswing in the business cycle. However, something positive for those long termers with PNA:

http://news.theage.com.au/pan-australian-sees-richer-gold-reserves/20080311-1ykh.html

Pan Australian sees richer gold reserves

March 11, 2008 - 8:22AM

Pan Australian Resources expects to report richer copper and gold deposits at its Phu Kham mine project in Laos within the next few weeks, managing director Gary Stafford said.

The mining firm also aims to nearly double its ore resource by 100 million tonnes in Laos and increase the production target for copper to 100,000 tonnes, Stafford told Reuters.

"We will announce a new ore reserve within Phu Kham ... that will change our production profile," Stafford said.

"All the drilling during the last 18 months has been higher grade ore ... which will have a positive impact on the amount of gold and copper we produce each year," he said in an interview.

The higher-than-expected grades in the ore body would lift the target for copper produced at the project above 65,000 tonnes by January 2010.

"There is more upside than downside," Stafford said.

The grades of the current 144 million tonnes ore reserve will be finalised within the next few weeks and then the amount of metal produced can be fully established.

At the moment the grades in the ore are 0.5-0.6 per cent copper and the grade of gold is around 0.2-0.5 grams per tonne.

By the end of the month, the copper-gold mine will start producing 50,000 tonnes of copper, 50,000 ounces of gold and 400,000 ounces of silver per year.

"During April we start ramping up production ... we are looking for our first shipment of concentrate in May," he said.

The current target is to expand production in January 2010 to 65,000 tonnes of copper, 60,000 ounces of gold and more than 500,000 ounces of silver per year, but indications of higher grades will make the firm revise these figures upwards.

In June, a drilling program will start on another 100 million tonnes of mineral rich ore in Phu Kham.

"Ideally I would like Phu Kham to get up to a 100,000 tonnes of copper - that is our aim in terms of exploration targets."

Stafford was expecting the drilling results from the Ban Houayxai gold and silver project in Laos in June.

"I hope we can start developing Ban Houayxai in the second quarter of 2009 so in 2010 we have the project coming on."

The firm aims to produce 100,000 ounces of gold equivalent starting in the second half of 2010.

"But I am hoping for 150,000 ounces - but that depends on the drilling," he said.

 

[hobbietrader]

Re: PNA - Pan Australian Resources

Any of the charters care to comment on PNA? Seems to me like this may be about to head north soon...

 

[pennystock]

Re: PNA - Pan Australian Resources

PNA Needs to break $1.10 as long term holders will probably know. I think Monday could well be a down day but hopefully during the week the resistance may be broken. News has been good for PNA recently and there has been a buy recommendation from Wilson HTM in the West Australian over the weekend. Gold and copper stocks seem to be the buy and hold thing at the moment with all the credit crunch activity going on at the moment.

I hold PNA please DYOR.
All the best to long term holders...

 

[Go Nuke]

Re: PNA - Pan Australian Resources

Um...are all you PNA followers asleep or on holidays or something??

PNA breaks through $1.10 to close at $1.18...an there is not a word said here?? LOL.

I know nothing about PNA, so it will be interesting to see if it can stay up there

 

[dj_420]

Re: PNA - Pan Australian Resources

PNA started moving in the last few days, looked very oversold, and on the reports that were released the cash costs per pound have come in under expectations. Although a smaller setup I like the fact that they have already begun production and still have some larger exploration targets.

Currently at 1 million ounce plus on the gold side with aim at production by 2010, currently on a PE of around 4.5-5 I think.