Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
PNA may be showing a bit of weakness at the moment due to some selling to take up the non renouncable rights at 28c. The retail offer closes on the 22nd June so between now and then may be a good buying opportunity. Things do seem to be lining up nicely for this company, but they have had a great run from their lows already of course.
Good call, biker!
Another day like today and I might be ready for a nibble. Or I might wait and see if the weight of the issue keeps depressing the SP.
What strike as odd is that why would they come out and tell everyone their strategy going forward unless they are still looking to continue buying and wants the price down. The Chinese are smart investors and very strategic traders.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
There is only one way resources can go and that is up. Here is an interesting article that gives reasons why resources are going up in the future. Developed countries are fighting for the resources and China is accumulating it.
There is only one way resources can go and that is up. Here is an interesting article that gives reasons why resources are going up in the future. Developed countries are fighting for the resources and China is accumulating it.
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Originally Posted by biker
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