PAN - Panoramic Resources

[pavilion103]

I'm not a fundamental trader, but possibly a speculative long.

 

[piggybank]

Hi,

Since the "Trading Halt" was lifted on the 17th February, the stock has gone from 23.5c to todays close of 55c (an increase of 134%) As you can see in the candles chart that the volume has also increased big time since the halt. It is presently on the rise again...

 

[PinguPingu]

Wow, this one's a rollercoaster - another jump up above 0.60 after a big fall.

 

[piggybank]

A daily P&F chart.

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[capomondo]

Been watch this stock for a little while, not sure if i have missed the boat?
Interesting report on this website thesophisticatedinvestor, making me think I should get onboard.

 

[pixel]

Been watch this stock for a little while, not sure if i have missed the boat?
Interesting report on this website thesophisticatedinvestor, making me think I should get onboard.

It's not uncommon that an "interesting report" leads to a rally with subsequent profit taking.
It does, however, look like the sellers are satisfied and buyers are returning.



I'm still not in a rush to buy, but today's scan put PAN back onto my watchlist. Possibly buy on pullback to 80c.

 

[pavilion103]

This one is looking really good.
I got in at 49c.
I like the way it's moving

 

[systematic]

This one is looking really good.
I got in at 49c.
I like the way it's moving

"....But most of all, yeah, most of all
I like the way you move (dum, da da da da, dum, da da da da)"


Sorry - Monday madness. Reminded me of a song from the mid-noughties. No way - that was ten years ago, already?

Back to your regularly scheduled stock analysis...

 

[UMike]

This one is looking really good.
I got in at 49c.
I like the way it's moving

One month later, back to 49c again.

Seems to be a lot of speculating on this stock.

I you time the peaks and dips right you could do OK. Definitely not a breakout stock atm.

Nickel taking a hit not helping though.

 

[greggles]

Panoramic Resources heading back towards 65c today. Currently at 62c, up 11.71%.

The company intends to restart production at its Savannah Project located in the Kimberley region of WA and has announced today that it has signed a new four year Concentrate Sales Agreement, which covers 100% of the concentrate that may be produced from the Savannah Nickel-Copper-Cobalt Project, with Sino Nickel Pty Ltd.

The Savannah Project has an eight year mine life with forecast mine production of 1.68Mt @ 1.18% Ni for 19,800t Ni contained. The company intends to then transition to the nearby Savannah North Project which has forecast mine production of 5.97Mt @ 1.49% Ni for 88,900t Ni contained.

Further details can be found in the Investor Presentation released on 29 May.

At 31 March 2018, Panoramic Resources had $22.9 million in available and restricted cash, and no bank debt.

 

[tinhat]

I chose PAN for the March stock tipping competition because I bought into the stock yesterday. The stock price appears to be highly leveraged to the price of nickel. The price of nickel has been in recovery since the beginning of 2016 and the most recent price correction appears to have ended this January. Hopefully it is all uphill from here for the rest of the year but I have no idea whether March will end up in the green or red for PAN.

The company has successfully recommenced operations at its underground mine and processing plan in the Kimberleys. It has hedged a fair amount of forward production. The outlook appears good as long as the price of nickel keeps going up (and hopefully the AUD stays low).

As well as being a component of stainless steel production, nickel is used in the production of lithium-ion battery cathodes.

PAN just released a company update too for anyone interested in the company.

 

[rederob]

I chose PAN for the March stock tipping competition because .... The stock price appears to be highly leveraged to the price of nickel...
The company has successfully recommenced operations at its underground mine and processing plan in the Kimberleys. It has hedged a fair amount of forward production.

Always tricky working our short term action with new producers (PAN operations took a few years break until Savannah shipped first concentrates from Wyndham last week).
Longer term I reckon this is a good bet as PAN is leveraged to the much hyped EV boom - read their presentation for some very interesting price/demand forecasts.
I hold WSA from the pre-2008 mining boom era and will see if jumping ship is worth it.

 

[Trav.]

Nice recovery from PAN as low in June was $0.275 and closed Friday @ $0.38. Maybe riding the Nickel price recover

 

[UMike]

Yea. Missed the chance to top up.

Was totally mystified at the recent drop.

 

[sptrawler]

Yea. Missed the chance to top up.

Was totally mystified at the recent drop.

I'm a bit the same, topped up on MCR, on the expectation of mine reopening announcements, when in reality PAN is already operating at Savannah, should have bought into the drop.

 

[tinhat]

I'm long nickel miners and explorers but don't expect a straight line up! There will be plenty of volatility and opportunity along the way. Remember that commodity prices eventually tend to the mean. There is no shortage of nickel in the earth's crust.

 

[Trav.]

After failing to continue run as per my previous post on the 28/7 due to news PAN found support at $0.32 and is now attempting another run at $0.40 and then fill that gap !!!.

 

[sptrawler]

I would think Panoramic are focusing on the stainless steel market, not the battery market, it will be interesting to watch their growth trajectory as compared to the battery focused suppliers.
Just my opinion.

 

[tinhat]

I bought some PAN today @ $0.36 based on what could be viewed as a cup and handle and an inverse head and shoulders pattern in the chart. Looking for a short term trade.

 

[rnr]

@tinhat
This could be an interesting trade with a battle of the breakout patterns, as you have mentioned, coupled with the unfilled overhead gap between 42¢ to 45¢. Support is also evident at 35¢ (or say 32¢ to 35¢ range).