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Bought some PNA today. Looks undervalued at these prices.
Anyone have a view on PNA?
The way the Chinese are acting on the Rio thingee has me thinking they cant get enough of resources and will continue to buyer for a long time.
Last edited by Dr_Who; 15-07-2009 at 07:46 PM.
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.
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When the rest of the world starts buying resources again, China will not want to miss out and BOOM the race starts again.
I think the recent resource price fall was a healthy consolidation for the next leg up.
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.
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Hi, doc.
CDU had another spectacular result from its Rocklands drilling earlier this week and the SP reacted accordingly.
If I could be a bit more confident of the way forward here I might be tempted to take a small bite.
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 Originally Posted by Dr_Who
Bought some PNA today. Looks undervalued at these prices.
Anyone have a view on PNA?
The way the Chinese are acting on the Rio thingee has me thinking they cant get enough of resources and will continue to buyer for a long time.
Took up my rights at 28c, bought max possible extras after scaling at 28c and bought more on market yesterday. I would imagine Golden Sacks J BEWARE will be syphoning off their ill gotten shares as time goes on, which may keep the price subdued for a while. Nice to see PNA dump Golden Sacks J BEWARE for the capital raising and use another broker. Can't see PNA ever going back to GSJBW after being ripped off in the loan refinancing deal.
Nice wee rise in the copper price overnight and the warehouse levels continue to fall.
Last edited by biker; 16-07-2009 at 09:06 AM.
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Copper very bullish chart only wish IRN,CFE charts would go as bullish
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
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Originally Posted by JBmurc
Copper very bullish chart only wish IRN,CFE charts would go as bullish
They both need to be in production to benefit from a rising copper price.
Check the charts of EQN, OZL, PNA - all show a similar story to the PoC
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My holding in PNA and KZL is going gangbusters.
JBmure, dont worry about IRN mate, this pup will get taken out soon and it will be worth the wait. 
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.
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Copper very bullish chart only wish IRN,CFE charts would go as bullish...
Bullish?? Yes sort of JB
However all eyes on that 240ish resistance zone will PoC break it? or respect it? (again!!).
Respecting the 240ish resistance zone again will I suspect create a double top nervousness.
The ABY KZL and SRL prices in my portfolio have followed (bettered) the PoC up from the bottom..I guess there are copper companies and there are other copper companies and some perform better than others "perceived" through the investors eyes.
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US housing stats fires up copper
US housing starts data shows sector has bottomed out
http://www.theaustralian.news.com.au...005200,00.html
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.
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Originally Posted by shasta
They both need to be in production to benefit from a rising copper price.
Check the charts of EQN, OZL, PNA - all show a similar story to the PoC
Yeah for sure but IRN 34.23% Tampakan stands out as arguably the best and near-term
undeveloped copper deposit in the world. It is difficult to identify any other new long-life,
low-cost and large-scale copper deposit that will come into production before Tampakan.
The feasibility study process is targeting an initial 20 years at an average annual
production of 340,000 tonnes of copper and 350,000 ounces of gold with a cash cost
estimate of less than US46 cents per pound of copper after gold credits
An CFE brought the lady anne copper mine for a song with a rising copper price CFE will more likely get a better price from the buyers sniffing round atm...
the higher the Cu the more likely these 2 will be greatly rewarded with Cu Asset sales
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
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