Jojo I have been following pna/ozl for over 5 years and know both companies very well and there is nothing similar between pna and ozl. Ozl had to sell their cashcow Sepon mine amongst others to the Chinese at a fire sale.
PNA on the other had to do CR and as a result got their float diluted as did many other companies in the materials sector.
I still don't see what comparison EQN aquistions have to do with either OZL or PNA.
EQN will be in a difficult postion to absorb both acquistion within such a short time IMO. As to the metal prices - I would not bet my house on it them staying that high. As the old saying goes, the higher it goes - the deeper it falls, so on that note, I think the 4 year pay-back you mentioned on another chat is IMO best case scenario.
EQN Price at posting:
$6.22 Sentiment: None Disclosure: Not Held
