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Bullboard - Stock Discussion Forum Pambili Natural Resources Corporation V.PNN

Alternate Symbol(s):  PNNEF

Pambili Natural Resources Corporation is a Canada-based natural resources exploration and development company focused on southern Africa's mining sector. The Company operates Happy Valley Mine, which is a producing gold mine. The mine is located 15 kilometers(km) from the city of Bulawayo, Zimbabwe. The mine provides installed capacity to process approximately 40 tonnes of ore per day but... see more

TSXV:PNN - Post Discussion

Pambili Natural Resources Corporation > The New PP of $515,000 in PNN means .04/share to begin...
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Post by CriticalMind55 on May 03, 2022 8:24am

The New PP of $515,000 in PNN means .04/share to begin...

When a PP goes through, it means that there are people who think this is a worthwhile endeavour, nobody invests $515,000 in a company if they do not see great potential to double or triple their original investment, then there is a cash cow awaiting to be reactivated.  This minimizes the speculative nature of this investment.
Comment by CriticalMind55 on May 03, 2022 8:25am
IMHO of course...
Comment by ShortOnCash on May 03, 2022 9:38am
And $500 000 was likely the maximum the exchange would allow under the $0.05 Waiver.... The extra 15k scratch was probably allowed for fees....imo
Comment by stockman2021 on May 03, 2022 1:25pm
This post has been removed in accordance with Community Policy
Pambili Natural Resources Corporation