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Pambili Natural Resources Corporation V.PNN

Alternate Symbol(s):  PNNEF

Pambili Natural Resources Corporation is a Canada-based natural resources exploration and development company. The Company is focused on activities in Zimbabwe, including exploration and evaluation of gold mining properties. Its projects include the Golden Valley Project, and Happy Valley Mine. The Golden Valley Project is a typical Orogenic-style gold deposit located in the Bulawayo Greenstone Belt. The Golden Valley project has a high-grade underground mining with gold production. The Golden Valley Project covers an area of 48 hectares. Its Happy Valley Mine is a producing gold mine. The mine is located 15 kilometers (km) from the city of Bulawayo, Zimbabwe. The Company’s operational activities are conducted in two geographic segments: Canada and Zimbabwe.


TSXV:PNN - Post by User

Comment by TheGoldenBearon Nov 19, 2014 12:40am
123 Views
Post# 23142659

RE:RE:Check my math please

RE:RE:Check my math pleaseYour response to my questions makes no sense at all. I was not speculating. The recent news release stated 161 million cubic feet in reserves at castor. I am simply asking are the shares trading hands and the price going up to 6 cents and then back down because of delays ALL based off this one $800k fart in the ground? I am asking because I am trying to decide whether the market cap is too high for what they have going on.

I still haven't decided if today's NR is good news or bad, but really, shouldn't we be at the point where if PNN wants 600k, they should earn it themselves through production? Why are they still hitting the market up for money? Pondering this is the risk component for me.
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