PAN - Panoramic Resources

[debtfree]

This stock is worth Zero.

It is dead. Deader that the Parrot posted above.

Thanks @UMike I was using the monthly chart for a quick update but now looking at the daily chart Nov 14th was the last day of trading. Once again thanks.

 

[sptrawler]

So much for the battery revolution and blue sky dreaming. Lol

 

[divs4ever]

This stock is worth Zero.

It is dead. Deader that the Parrot posted above.

sadly i suspect you are correct ( but hope you are not ) , i am thinking one more raid of the retail share-holders

has that BLY aroma to it , in my opinion

maybe they will do an Arium type deal but i think the small retail holders ( like me ) are done and waiting to file our tax write-offs

 

[divs4ever]

So much for the battery revolution and blue sky dreaming. Lol

yes the bullets i have dodged by hanging back during the waves of excitement ( and not just on battery tech )

 

[UMike]

Anytime Administrators are appointed, Staff are sacked, chances of seeing any positive outcome for shareholders/creditors are very slim.

 

[sptrawler]

Anytime Administrators are appointed, Staff are sacked, chances of seeing any positive outcome for shareholders/creditors are very slim.

I'm sure an overseas company will pick up the mine, mill and concentrator plant for a song.
Then we have lost another asset, nothing much changes.
It will be interesting, when our easily removed iron ore is gone, then it will be really interesting.

 

[qldfrog]

I'm sure an overseas company will pick up the mine, mill and concentrator plant for a song.
Then we have lost another asset, nothing much changes.
It will be interesting, when our easily removed iron ore is gone, then it will be really interesting.

Plenty left, real issue is plenty of iron all around the world mostly Africa .
And China is willing to secure and put infrastructure there, where local government do not want to shut down coal or gas oil, nor force expensive power use..and I am not even talking red green or first tribe tape.
I do not remember PAN history or the reason it collapses..but an Australian based mining junior for Australian based resources is a bad start in 2024

 

[The Triangle]

I'm sure an overseas company will pick up the mine, mill and concentrator plant for a song.
Then we have lost another asset, nothing much changes.
It will be interesting, when our easily removed iron ore is gone, then it will be really interesting.

It's an asset worth losing.

It hasn't made money in a very long time and it's only getting deeper so the chances of it making money are very low.

All these mines are just subsidized by continual capital raisings which go to pay for jobs for Australians so maybe it's a good thing if a foreigner buys it and pumps foreign money into the Australian economy.

 

[divs4ever]

It's an asset worth losing.

It hasn't made money in a very long time and it's only getting deeper so the chances of it making money are very low.

All these mines are just subsidized by continual capital raisings which go to pay for jobs for Australians so maybe it's a good thing if a foreigner buys it and pumps foreign money into the Australian economy.

yes they found a gold asset , started developing it and sold it off without a capital return to share-holders and THEN did a cap raise.. has 'money it ' written all over it , compare that to MCR ( Mincor ) over the same period which although gone at least left share-holders with some cash at the end of it

 

[sptrawler]

It's an asset worth losing.

It hasn't made money in a very long time and it's only getting deeper so the chances of it making money are very low.

True, when they extended the mine to the new ore body, with the promise of higher grades yet they were still under 2%, the writing was on the wall.
Add to that the increase in labour and supplies costs that resulted in a recovery cost of $10/lbAus, it needed the price of nickel to stay high, that's for sure, $8US/lb wasn't going to cut it.
Even the low cost producers aren't making money at that price.