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PNA - PanAust Limited

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Re: PNA - Pan Australian Resources

Unbelievable....

Looks like the market doesnt care too much even if your a quality low cost producer which PNA is.

Good ann after good ann, but the SP is still tanking like the rest of the miners.

I know it will come good, but the Q is how long??
 
Re: PNA - Pan Australian Resources

This chart is just about textbook perfect for all the believers (IMHO).

My :2twocents

Lets see if it continues.

(click to enlarge)
 

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Re: PNA - Pan Australian Resources

Boggo said:
This chart is just about textbook perfect for all the believers (IMHO).

My :2twocents

Lets see if it continues.

(click to enlarge)
Click to expand...

So where does the text book perfect chart go from here - care to extrapolate?
I know where it will go long term but the short term is of more than academic interest...
 
Re: PNA - Pan Australian Resources

Seems PNA is missing out on the current bounce....sniff...:( Got smashed last week. Anyone care to shed a little light on this for a newbie?:eek:
 
Re: PNA - Pan Australian Resources

well wise owl has it as a buy... but remember this is a speccy ...


it doesnt have much cash either.. 8million
 
Re: PNA - Pan Australian Resources

urgalzmine said:
well wise owl has it as a buy... but remember this is a speccy ...


it doesnt have much cash either.. 8million
Click to expand...

Nothing speccy about this any more - PhuKham was completed ahead of schedule and within budget and has ramped up ahead of expectations. It is generating serious cash and over the last few months they have started to signal that they are acquistion ready. In the current environment I wouldn't be surprised to see some action soon (whether as predator or prey).

Current sp is both a major disappointment and a nice opportunity
 
Re: PNA - Pan Australian Resources

It looked positive last week on daily chart.

Today's bar may be a sign of weakness, another day should tell.

My :2twocents
 
Re: PNA - Pan Australian Resources

Wise owl is not the only one with a buy on PNA fellow investors.
JBwere has had a buy on it since Feb 2007, and it has done very well, even now when it is basically being ignored by the market, they value PNA at $1.40…
I do wonder why LGL, KCN, NCM etc etc got such a boost this week (yes, gold price is up), when PNA is most def producing… and not just gold.. Copper too.
Oh, I believe it has a lot more than 8mill in the bank, especially since it has continued to deliver goods to the market.
As Nimble said, I think there may be a chance that they are going to attempt a takeover, and that could only be done through a script offer.
This may be turning investors off PNA?
Because if there was even a sniff of news in regards to PNA getting an approach, then $1 would seem a reasonable place to start the bidding.
Anyway IMHO and oh boy should you def do your own research… cause if fun and you will hopefully learn why to buy a company… not just listen your ‘financial advisor’!!!
 
Re: PNA - Pan Australian Resources

speculator101 said:
Wise owl is not the only one with a buy on PNA fellow investors.
JBwere has had a buy on it since Feb 2007, and it has done very well, even now when it is basically being ignored by the market, they value PNA at $1.40…
I do wonder why LGL, KCN, NCM etc etc got such a boost this week (yes, gold price is up), when PNA is most def producing… and not just gold.. Copper too.
Oh, I believe it has a lot more than 8mill in the bank, especially since it has continued to deliver goods to the market.
As Nimble said, I think there may be a chance that they are going to attempt a takeover, and that could only be done through a script offer.
This may be turning investors off PNA?
Because if there was even a sniff of news in regards to PNA getting an approach, then $1 would seem a reasonable place to start the bidding.
Anyway IMHO and oh boy should you def do your own research… cause if fun and you will hopefully learn why to buy a company… not just listen your ‘financial advisor’!!!
Click to expand...

PNA wont track the POG, its a copper company first and foremost.... gold 2nd maybe. 60,000t of cu by 2009 with feasibiliy study for 100,000t by 2010..... its a serious company not a spec.

cheers
 
Re: PNA - Pan Australian Resources

N1Spec said:
PNA wont track the POG, its a copper company first and foremost.... gold 2nd maybe. 60,000t of cu by 2009 with feasibiliy study for 100,000t by 2010..... its a serious company not a spec.

cheers
Click to expand...

It is being treated like all the other commodity juniors in the market though. It is being thrashed out there.

The crash has moved from the non-producers to the junior producers. This is pre-production levels. People are pricing in a commodities meltdown - and copper is looking vulnerable.
 
Re: PNA - Pan Australian Resources

Can't believe the price has dropped to 34cents ! What's going on???
There must be some inside info (surely copper price drops can't be impacting share prices this much - look at nickel and PAN --- voted most unpopular base metal and still better performance than PNA --- despite copper being the most favoured of all base metals!!!!!~
 
Re: PNA - Pan Australian Resources

GG111 said:
Can't believe the price has dropped to 34cents ! What's going on???
There must be some inside info (surely copper price drops can't be impacting share prices this much - look at nickel and PAN --- voted most unpopular base metal and still better performance than PNA --- despite copper being the most favoured of all base metals!!!!!~
Click to expand...

That's the thing. It is a base metal. No base metals are being favoured at the moment. Everyone is selling.

Copper however from what I've seen is coming off a bigger high and so has more to fall. However I'm not in touch with the historical prices of other metals so could be wrong; but it seems from what I've read that other prices have already dropped - copper was the last base metal standing in some ways.
 
Re: PNA - Pan Australian Resources

Still an absolute no brainer for the mid to long term. Depends how long you're willing to wait. I havent panicked and sold yet
 
Re: PNA - Pan Australian Resources

Anybody still watching / holding this one?

When one of you technical guys has a chance... Can you have a look at PNA charts for me please.
Looking at the volume trend, is this showing a fairly big change of direction happening? Also is this confirmed by looking at the MACD about to cross back over?
On the flip side, even the bollinger bands indicate this is at its lowest and should be moving up if anything.

Any other charting trends I should be looking at for this one... Still learning this stuff as I go.

Cheers

--
BluBoy
 
Re: PNA - Pan Australian Resources

bluboy said:
Anybody still watching / holding this one?

When one of you technical guys has a chance... Can you have a look at PNA charts for me please.
Looking at the volume trend, is this showing a fairly big change of direction happening? Also is this confirmed by looking at the MACD about to cross back over?
On the flip side, even the bollinger bands indicate this is at its lowest and should be moving up if anything.

Any other charting trends I should be looking at for this one... Still learning this stuff as I go.

Cheers

--
BluBoy
Click to expand...

My tech analysis is not good at all so don't quote me on this.

The real problem is that to get the gains you would have had to hold as of yesterday. There may be some gains to be had but we are in a bear market.

I would welcome other opinions on this. I have a small holding.
 
Re: PNA - Pan Australian Resources

aleckara said:
My tech analysis is not good at all so don't quote me on this.

The real problem is that to get the gains you would have had to hold as of yesterday. There may be some gains to be had but we are in a bear market.

I would welcome other opinions on this. I have a small holding.
Click to expand...

Thats alright, all views are helpful!

I am one of these holding from a few days ago (18c buy average)

Also what does a massive step up in the indicative open show?
Closed yesterday up 20% @ 0.21c. Today it is showing an open of 0.26c and rising.

Also, showing ~ 15million shares in the buy order and only ~ 5 million in the sell list. Simple supply and demand says that the price is going upwards.

Do I want to be in the opening sale or not?
 
Re: PNA - Pan Australian Resources

There's your answer bluboy - mr market says you would have lost some money now.

IMO Never buy on the open - in fact a lot of people go short on a big open. It's too late to profit from it when everyone knows that it will go up. Guess the idea of getting profits is to 'beat the market' with info that not everyone is acting upon.
 
Re: PNA - Pan Australian Resources

Sold all my holdings earlier this year, at a tidy profit.
With the US/AU dollar @ $0.61 on Monday, and my price lower
than what I have ever paid for this stock, I couldn't help myself.
Back in, and big.
Without the stock price changing (and it has gone
up), and with the US dollar way overbought, I expect a minimum of
30% return on the re-rise of the AUD.

If the Feds drop rates by 1/2 a point this afternoon, the dollar will
continue its slide, and ...........................

Good luck to all.

Brent in Tampa, Florida
 
Re: PNA - Pan Australian Resources

Yes I would be interested what people think or recommend about PNA. I have aquired from 12cents through to the high nineties thinking that it would be a stella performer, all I ever read from announments that things are better than expected and it is all go. How can it drop so low from $1.26?
 
Re: PNA - Pan Australian Resources

dervaig said:
Good luck to all.

Brent in Tampa, Florida
Click to expand...

Have Friends in Tampa.
Just off the Sea wall that skirts the bay.
I vividly remember running around the Track there and watching a Stealth bomber coming into land at the Airforce base there.
Just loved the Thunder and Lightening shows at 4 in the arvo thru to 6.
Nothing to do with PNA--other than I have a few.
 
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