17 p- bottom?26 Dec 2012 12:15
In the last trading day sp dropped to 17 p on more buys than sells. I would be very surprised, if it went any lower than that. Although worth bearing in mind that, given the silly season we are on, and the low volume we currently have, it could still go bit lower. Still, imho, that would be just an anomaly. My expectation is that price should hold very well between 17 and 21 p, until next news are factored in. after that, we still have the 25 p target and beyond that, 30 p mark.
I expect PAN will realistically touch that 30 p mark sometime in 2013 for all those reasons given by sisyphus, and when it does , this share will still be a buy, depending on the other acquisitions etc on the pipeline.
All IMHO, but if potential investors are looking at pan, I reckon the have a massive opportunity, a very strong buy, to get in at prices with very little downside, and a good solid, realistic, potential return of c 80% in 2013. Do the technicals, do the fundamentals, and take your own decision.