Re: PNA - Pan Australian Resources
Q)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?
A)Potentail is huge, as a long term hold from these levels it is even better. Read what i've said about profit potential per anum by Phu Kham alone = $200,000,000.00.
Keep in mind why it is primed to move come monday and had amazing volume of near 30,000,000 on fridays session. On friday this anouncement was released motioning that the copper gold project Phu Kham was aproved and will be developed. Below is the announcement:
- 1 -
ASX ANNOUNCEMENT
31 March 2006
BOARD APPROVES THE DEVELOPMENT OF THE
PHU KHAM COPPER-GOLD PROJECT, LAOS
Pan Australian is pleased to announce that the Board of Directors has approved the
development of the Phu Kham Copper-Gold Project subject to finance.
Results from the Feasibility Study on the Project have confirmed that the capital costs
and other fundamentals for the Project are competitive by world standards.
The Feasibility Study initially focused on a 9 million tonnes per annum (Mtpa)
operation and then considered a 12Mtpa operation following a 40% increase in ore
reserve tonnes and 20% increase in contained copper and gold metal. Consequently,
the Board approval is for construction of a 12Mtpa operation.
A summary of the key Feasibility Study results is being compiled and necessary
consents sought. The summary will be announced to the ASX on Monday 3 April
prior to presentation to investors on the 3 and 4 April.
For further information contact:
Mr Gary Stafford Mr Joe Walsh
Managing Director General Manager – Corporate Development
Pan Australian Resources Limited Website: www.panaustralian.com.au
Tel: (07) 3878 9299 Email: info@panaustralian.com.au
ACN 011 065 160 ABN 17 011 065 160
Level 3, Lantos Place, 80 Stamford Road
PO Box 1009, Indooroopilly Qld 4068
Telephone (07) 3878 9299
Facsimile (07) 3878 6955
The above is why some instos and investors have speculated the price may move higher on monday. On the weekly graph we can see indecision however the strong buying support at the close friday shows us that a strong move will take place. As per posted above, the Full Feasibility Results are being released monday and we already know they will be positive from the up beat anouncement and the mentioned resource upgrades. Presentations are being made to instutions. Already, many doubts have been removed .
As always Do your own research
Cheers and hope this helps somewhat
powwww
Q)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?
A)Potentail is huge, as a long term hold from these levels it is even better. Read what i've said about profit potential per anum by Phu Kham alone = $200,000,000.00.
Keep in mind why it is primed to move come monday and had amazing volume of near 30,000,000 on fridays session. On friday this anouncement was released motioning that the copper gold project Phu Kham was aproved and will be developed. Below is the announcement:
- 1 -
ASX ANNOUNCEMENT
31 March 2006
BOARD APPROVES THE DEVELOPMENT OF THE
PHU KHAM COPPER-GOLD PROJECT, LAOS
Pan Australian is pleased to announce that the Board of Directors has approved the
development of the Phu Kham Copper-Gold Project subject to finance.
Results from the Feasibility Study on the Project have confirmed that the capital costs
and other fundamentals for the Project are competitive by world standards.
The Feasibility Study initially focused on a 9 million tonnes per annum (Mtpa)
operation and then considered a 12Mtpa operation following a 40% increase in ore
reserve tonnes and 20% increase in contained copper and gold metal. Consequently,
the Board approval is for construction of a 12Mtpa operation.
A summary of the key Feasibility Study results is being compiled and necessary
consents sought. The summary will be announced to the ASX on Monday 3 April
prior to presentation to investors on the 3 and 4 April.
For further information contact:
Mr Gary Stafford Mr Joe Walsh
Managing Director General Manager – Corporate Development
Pan Australian Resources Limited Website: www.panaustralian.com.au
Tel: (07) 3878 9299 Email: info@panaustralian.com.au
ACN 011 065 160 ABN 17 011 065 160
Level 3, Lantos Place, 80 Stamford Road
PO Box 1009, Indooroopilly Qld 4068
Telephone (07) 3878 9299
Facsimile (07) 3878 6955
The above is why some instos and investors have speculated the price may move higher on monday. On the weekly graph we can see indecision however the strong buying support at the close friday shows us that a strong move will take place. As per posted above, the Full Feasibility Results are being released monday and we already know they will be positive from the up beat anouncement and the mentioned resource upgrades. Presentations are being made to instutions. Already, many doubts have been removed .
As always Do your own research
Cheers and hope this helps somewhat
powwww