Pantoro - near-term swing trade exitSame valuation method as used on Horizon Minerals (previous post today). Shows Pantoro to be undervalued, with 80% up-side remaining at current prices and reserves. Who, knows. We will see. My entry shown in blue dashed line and exit point in red.Longby flyinkiwi10110
PNR - Buying OpportunityPNR looks like it wants to move higher. It has bounced off with high volume off support. I am a buyer at current levels targeting recent highs. My TP will be $0.240 (potential 7% gain) with a stop below the lows. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.Longby AsimMirzaTrader0
Knife Catching...Steel gloves are on and we're catching knives...with a somewhat calculated approach...expecting a big trend reversal here and long term this to scream back up even higher. (Do not try this at home)Longby Swoop6Updated 6
#PNR $PNR Entry = 0.205 Stop = 0.170 In at 0.205 don't want to see 0.170 break or the move is over. TBH the chart doesn't look that great. BIG Weekly H and S = Bearish, Weekly MAs have crossed bearish, Dalay MA,s Crossed Bearish. Positive's 61.8 fib zone is good reversal zone. Volume in lately soaking up the supply. Weekly 200ma at 0.190 Good support zones at 0.190 Gold/Aud chart looks good. Lets see risky play..Longby gillman_hughUpdated 1
Pantoro Ltd. (Pacific Niugini - Gold) - Interesting chartOnce again a confluenece of fib levels between .17c and .18c. It is also a support level as the price has retracted and tested it about 3 times. Pantoro is a debt free company but is currently raising capital via a SPP issue. I am interested in the junior gold miners but this is not investment advice nor a buy or sell recommendation.by UnknownUnicorn792892Updated 2
$PNR - PANTORO - Continuing to run on volumeBought this one at 22 and its still heading in the right direction. Some good volume coming through and the moving averages are nicely providing support and diverging as is the OBV. RSI is pretty high because of the momentum so perhaps some pull back could be expected before continuing its run. They have reasonably good financials for a small cap of this size. Looking good so far and lots of upside to get back to old highs. Pantoro Limited, formerly Pacific Niugini Limited, is a gold producer engaged in development of the Halls Creek project and exploration of minerals in Papua New Guinea (PNG). The Company's segments include the Nicolsons Gold Project and PNG Exploration. The Nicolsons Gold Project segment includes mining, treatment, exploration and development of gold assets. The PNG Exploration segment includes the mineral exploration within PNG. The Halls Creek Project includes the Nicolsons Mine, and a pipeline of exploration and development prospects located east of Halls Creek in the Kimberley Region of Western Australia. The Halls Creek Project includes the Rowdies and Wagtail Deposits, which lie over 1.5 kilometers south of Nicolsons Mine. The Garaina Project is located over 100 kilometers southeast of the Hidden Valley Mine and Wau Town, in the Morobe province, covering an area of over 380 square kilometers and prospective for discovery of epithermal gold and porphyry copper-gold deposits. Longby zAngusUpdated 1
PNR Goldies getting some loveH&S made target @ .210. Needs to break out of the daily resistance line. Looking for a small pullback and the potential to form a cup & handle on daily chart. Weekly MACD crossed bullish. Looking for the daily MA to cross and price to break out of upper resistance. Zone's of congestion/interest marked on the chart where lot of shares have changed hand in the past. Worth keeping in mind. Looking for potential handle to form before .185.. Do not want to see .165 break ..Longby gillman_hugh0