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PNA - PanAust Limited

Discussion in 'Stocks I-P' started by johnno261, Apr 29, 2005.

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  1. johnno261

    johnno261

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    I HAVE BEEN KEENLY WATCHING PNA'S MOVEMENT OVER THE PAST 6 MONTHS . HAVE PERUSED AT THEIR LATEST DRILLING RESULTS WHICH HAVE EMERGED FROM THEIR LAOS OPERATION AND BY INDUSTRY STANDARDS, THE RESULTS HAVE BEEN VERY IMPRESSIVE. 280 METRES OF COPPER @ 1.3% AND 34 METRES OF THAT 280 METRES HAD A 4.6%GRADE OF COPPER, WHICH IS OUTSTANDING. THEY START PRODUCING THEIR GOLD IN JUNE.

    CAN ANYBODY FILL ME IN WITH ANY FURTHER INFO ON PNA AS I WOULD LIKE TO AQUIRE SOME AT WHAT I CONSIDER TO BE A GOOD PRICE AROUND THE 24CENT MARK. HAVE NOTICED TOO, HOW WELL THEY HAVE HELD UP IN THE CURRENT MARKETS ENVIRONMENT!!

    CHEERS!!
     
  2. Joe Blow

    Joe Blow Administrator Staff Member

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    G'day johnno and welcome to Aussie Stock Forums!

    Can you do me a favour and please press this button on your keyboard!

    [​IMG]

    Thanks! :D
     
  3. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Sorry Mate, Just trying to get someones attention Re: PNA!! Your response was no help!!
     
  4. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    On the contrary, Joe's response was a great help (nice pic Joe!), he's telling you to tone it down. If no one is interested then tough luck, if they are then great. Judging by your first post you know more about the stock than most and have most probably have got set in it already. If you want to see discussion about PNA try searching the forums using the 'search' tool at the top of this page. You could also be patient and someone may reply when they decide to. And read the forum 'code of conduct'- the link is at the foot of the page near the paypal link. The code IS enforced, it's not just there to look pretty.
     
  5. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    I've just realized why i have not joined a forum prior to now.Full of Smart Alexs! If you've found my BIG CAPS typing offensive, I suggest you re- evaluate your police-ing of this forum and start cleaning up the foul language as mentioned in doctorj's "May Stock Comp" page 3 which was posted yesterday @ 9:13 . ie. FarCough.
     
  6. Joe Blow

    Joe Blow Administrator Staff Member

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    johnno, I think you are taking things a bit too seriously. Nobody meant to offend you, just to point you in the right direction because you are new. In the world of forums a post entirely in caps is the equivalent of shouting.

    As as for doctorj's post in the May stock competition entry thread, it was obviously meant to be humourous, not offensive. Obscenity is forbidden on Aussie Stock Forums but that doesn't mean we don't have a sense of humour. :D

    Sorry things started out on the wrong foot. We're not really a bunch of smart alecs.

    Joe
     
  7. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Joe Blow, A Soldiers best trait is his sense of humour!!!!
     
  8. bvbfan

    bvbfan

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Phu Kham the major asset has where the resource is at 0.8% copper and 1.0g/tonne gold for 1.3million tonnes of copper and 1.5million ounces of gold
    The figures you mentioned are from one drill-hole or perhaps a few drill holes I suspect

    PNA has been discussed in depth at some other stock discussion sites where there are some DCF spreadsheets you can download
    I'd post links but not sure if that would violate the code of conduct

    By comparsion OXR has 3% copper for 1.6million tonnes of copper and 4.7million ounces of gold at about 2.5g/tonne in Sepon alone at a 0.5g/tonne and 0.5% copper cut off

    I have owned PNA before from 4c area, and if it gets below 20c I may consider buying some back. Right now I'd take OXR over PNA at current prices
     
  9. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Thanks BVB for your knowledge. Pan Aust. looks far more attractive to me in terms of half as many shares on issue as that of Oxiana. Pan also has alot of their Gold @ 8m which is very shallow and in terms of extractions costs,very cheap to do so.Pan is also debt free and 13million cash.No doubt, as the big feasability study comes thru in August, I would suspect alot of interest leading up to that and with Pan's entrance into the ASX300, maybe some of the big boys will be buying!!!
     
  10. doctorj

    doctorj Hatchet Moderator

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Hi,

    Just to confirm Joe's sentiment, the post was definately intended to be humorous and to reflect my frustration in the sp movements of the past months when I have picked it.

    If people have clicked your thread, they'll read it whether its in caps or not. Unfortunately, capitals makes it significantly more difficult to read and I was one of those that got about half way though before giving up.

    The best way to encourage responses is by making good points to encourage discussion.

    Disclosure: I don't hold PNA.

    There is quite a bit of conjecture around the quality of PNA's copper resource and whether or not they will actually ever mine it, this question has been magnified by PNA's failure to meet their project milestones on time.

    There is also quite a bit of arguement of the PoG and which way it is likely to go. Some have lofty LT targets for PoG because of dwindling supplies, reduced capacity coming online and fairly constant demand. Others have a target considerably below where it is either for technical reasons or because they believe that gold is seldomn consumed and mostly kept in reserves. The other thing to consider is the link between PoG and the USD.

    Both factors are likely to affect PNA's valuation. As management establishes a trend of meeting project milestones, I would expect a corresponding movement in price. That said, one could compare PNA to BGF who have had a strong run of announcements and have failed to materially appreciate.
     
  11. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Well another milestone is about to commence in the next few weeks. Pan's transition from explorer to producer!! For those in the know regarding chain of events leading up to first pour of Gold.In simple terms, basically Gold bearing liquor is forming in the leaching pond, from there once sufficient quantity has accumulated, it thens gets pumped to the process plant, where the Gold is recovered, then the pouring of this beautiful material is poured!!

    For those who wer'e watching Pan yesterday, you would have noticed a 2 cent drop, which occurred during the middle of the day. Spoke to my Broker and he told me that Macquarie sold 500k worth hence the stock dropping on high volume. Nothing other than a good profit taken at the end of the financial year he stated!!

    I do hold this stock and am considering purchasing more at the current levels as in my opinion, I do believe this price won't be seen again. Pan's story is very good. The Phu Kam Gold/Copper deposit, will be what will turn this company into something of significance!!
     
  12. Mofra

    Mofra

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    johnno,

    Thanks for the info on Macq selling, I am holding and was perplexed by the laergr sells today when the company appears very close to first gold pour. Wouldn't be upset with a further pullback to 24.5c which I'd be quite happy to pick up some more at though :)
     
  13. bvbfan

    bvbfan

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    29c was the target from the 61% fib retracement of the 34.5c highs, having failed I think 24c is the likely downside target which is the 61% fib retracement of the current rally

    As for gold pour making PNA run, be careful most likely it will run into the pour and retrace on the annoucement (the old buy the rumour, sell the fact)
     
  14. johnno261

    johnno261

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    Re: PAN AUSTRALIAN RESOURCES (PNA)

    Taken on board BVB, but possibly the Phu Kam BFS due August will hold the stock up and continue to run once the first pour of gold in the next few weeks and then on into August. Just my opinion. I Maybe wrong. Time will tell!!
    Taken all of the above into account, you too would agree with me BVB, that this is a good entry level unless you really think your downside target of 24 cents is likely.
    Have a good day!!
     
  15. bvbfan

    bvbfan

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    Re: Pan Australian Resources (PNA)

    from experience with OXR I'd be watching to see what happens on the announcements :2twocents

    my opinion is we'll see at least 25c even if my targets aren't met
    of course thats not any advice to wait until then!!!
     
  16. yogi-in-oz

    yogi-in-oz

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    Re: Pan Australian Resources (PNA)

    :)

    WARNING: ..... astrostuff ahead ..... :)

    Hi folks,

    PNA rally was not sustained in August/September ... :(

    Now, with the price soon testing the gap at 15.5,
    made on 12012005 ..... a break below that level
    would see us shooting for 11-11.5 cents, as the
    next support.

    Gap-down around 18.5-19 will likely remain overhead
    resistance, when PNA lifts off its lows again.

    Key dates ahead may be:

    24-25112005 = 2 cycles here significant changes,
    but alert for mistakes in ALL company
    announcements, around that time.

    14122005 = minor news

    20-23122005 = 2 cycles here ..... finances negative,
    with other positive news ...???

    05012006 = significant positive news ???

    23-24012006 = 2 cycles - significant and negative news ???

    10022006 = minor and positive news

    20-21022006 = 2 cycles ..... sharp rally ???

    07032006 = negative finances???

    22032006 = minor

    07042006 = positive finances ???

    17042006 = positive move???

    21-24042006 = spotlight on PNA

    happy days

    yogi

    :)
     
  17. powwww

    powwww

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    PNA (pan Australian Resources)

    I did a search and couldn't find a topic on this stock so if i've duplicated "please forgive me father."

    Some serious buying has been happening these last few weeks and I'm well informed that its over and blue skies are in sight. PNA moved from being explorer to producer which hasn't been without problems which has caused the sp to lag behind but with 6.5m oz of gold and a lot of potential at other sites going to be realised in the first half of 06.' I recomend further research to anyone interested. I'm happily holding this till at least April when I expect some more good news. Late jan we should get some stats on how much gold has reached perth. Anyway plenty of upside worth a look into. Will hold this and igr long term while trading some other miners shorter term (maybe 3 months)

    powwww
     
  18. powwww

    powwww

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    Re: Pan Australian Resources (PNA)

    damn there was a thread. Why when i use the search tool and type the stock code, ie. "PNA" nothing comes up. Happened yesterday with "IGR" maybe i should be searching "PAN" or "INTEGRA"?
     
  19. el_ninj0

    el_ninj0

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    Re: PNA - Pan Australian Resources

    Whats everyone think of this as a short trading stock? Apparently its primed for some action, but i cant see why. Anyone care to explain?
     
  20. powwww

    powwww

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    Re: PNA - Pan Australian Resources

    OK few reasons, firstly read the below posted by blackburn.

    "PNA currently has 754m shares issued for a market capitalisation of approximately $181m. As at December 31 they had cash of $3.4m and debt of $5.3m.

    PNA are developing their assets in a stage by stage process. The Phu Bia Gold mine was commissioned successfully in November 2005 and a ramp up in production is scheduled for completion in March. Phu Bia has a resource of 12.8mt@1.0g/t au for 424,000 ounces. Reserves are 8.6mt@1.1g/t au for 300,000 ounces.

    The capital cost for this mine was $15.3m and importantly came within budget (these guys are smart operators imho!) Capital Payback for the mine should be achieved by August 2006. PNA are hoping to produce +60,000 ounces this year and are just about unhedged for full leverage to rises in the price of gold.

    This production is crucial and will help the next stage of development for PNA… the ‘real’ company maker of Phu Kam. The Phu Kam copper gold project is currently at BFS stage and a completed BFS is expected in March. Commissioning of the mine (assuming a successful BFS) will occur at the end of 07 with full production in mid 2008.

    Resources at Phu Kam are 160.1mt@0.66% Cu 0.9g/t Au. This equals 1.5m ounces of gold and 1,055,000 tonnes of copper. The in pit resource is expected to be 100mt@0.65% Cu 0.3g/t Au.

    Capex is expected to be $US174m and PNA hope for payback to be achieved after less than 4 years of mining. Annual production is expected to be 50,000 ounces of gold and 50,000 tonnes of copper. Peak production is expected to be 90,000 ounces of gold and 67,000 tonnes of copper in 2008/9. The strip ratio of this project is a low 1:1 and I would anticipate a very positive BFS.

    PNA also have an option to acquire 70% of the Puthep Heap Leach Copper Project. This project contains 84mt@0.44%Cu. Capex for this project is expected to be around $US95m and capital costs are expected to be 71c /lb.

    Other exploration programs are also occurring with excellent drill results from the Phu He Silver/Gold prospect.

    These projects are located in Laos and country risk is not very big imho. Oxiana has proved how successful operations in this country can be and the government/people are largely supportive of resource companies.

    Overall, PNA appear to be an excellent opportunity for excellent growth over coming months/years. Management have shown they can succeed with Phu Bia and now it is time to tackle the larger project in Phu Kam. I will not go into a detailed valuation in this post… however I believe that PNA could be worth multiples of current prices if gold and copper continue rising and are hitting highs in 2008/9... If anyone doubts it play with some numbers yourself and it will become obvious :)

    This is one of the better leveraged stocks to the resources boom and it has been overlooked imho. How long will this last?

    Coming soon also will be the case for another company with a slightly more problematic past in LAF... lets see if that case can be pulled off...

    " Quote as per posted by Blackburn.

    Now consider Fridays anouncement re: the aproval of Phu Kam - this is huge news as Kham will likely produce 100,000 ounces of gold a year - now compare this to copper. At 50,000 tonnes per assume Which equals over 200million profit being conservative, valuing gold under 500USD and ounce and copper similarly undervalued.

    Now keep in mind the majority of this comes from exposure to copper which looks like it is in its early stages of a bull run, analysts everywhere have upped their targets for copper to a greater degree than gold even. JBwere before Phu Kham aproval value this stock at 40c with copper at half its current price. I imagine seeing that they've upped those predictions from 1:40 to closer to $3.00 the valuation will be closer to 50c. Giving 200million in copper revenue each year alone.

    As a ST trade it is likely to go up. Weekly charts show a lot of indecision which will be resolved monday on the anouncement one way or another. Instos will move this stock, credit suise have already stamped a sizeable position pre-empting positive numbers, most others seem more wary however the aproval of this project with good numbers and insane gold and copper prices will see this indecision stamped out.

    2million shares were smashed near fridays high in the minutes before close on friday, certainly the buyers owned fridays trade. I guess its upto you if you want to buy in at discount and speculate that the figures would be good or pay a premium if they are and you miss out.

    I've decided to hedge my risk and buy half my position on friday and half after seeing the figures but ultimately its upto you. As a stock with a history of being volatile I'd expect short term gains could be huge. Risk is minimal from 0.27c, only risk I can see is if the financing is worse than expected. Ultimately its been on most brokers and instos radars for months now and tomorrows d-day!!!!

    Goodluck to all that hold,I'm hoping it comes off as its my stock tip for this month. If I can emulate last months results I'll be more than happy!

    Regards for now

    powwww
     

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