PAN - Panoramic Resources

[sptrawler]

@sptrawler wow thats a lot of shares issues.

and a lot of money raised. Is there trouble with their mines or are they expanding ?

Looking through some of the announcements my impression is that it doesn't look good for PAN but I must be missing something.

Not a very nice looking chart either

Their mine in the Kimberley's was operational for several years, but was put on care and maintenance with the downturn a few years back.
They re opened it recently but the ore body being mined has low nickel content, a new ore body is in reasonably close proximity and they are trying to drive to it underground, this has been eating their money up.
So from my understanding it is a case of getting there before they go bust, probably why WSA have become involved, when or if the money runs out it would be a cheap operational mine. The crusher, mill and concentrator are all operational.

 

[peter2]

A stock from @tech/a thread. PAN Resources.

PAN is in my reversal watch list but I hadn't placed any orders. Missed it.
Nickel production is not expected to start until late 2021, so I thought there would be plenty of time.

 

[peter2]

Additional observation: MCR price went higher also three days ago (same day as PAN).
Someone is buying ahead of their (both PAN and MCR) nickel production restarts.
Note: Not as obvious in WSA chart.
Edit: NIC Indonesian nickel producer going quickly higher as well.

 

[sptrawler]

Additional observation: MCR price went higher also three days ago (same day as PAN).
Someone is buying ahead of their (both PAN and MCR) nickel production restarts.
Note: Not as obvious in WSA chart.
Edit: NIC Indonesian nickel producer going quickly higher as well.

Nickel has run up from $5 U.S/lb, to $7 U.S/lb, in the last 6 months, there seems to be a bit of momentum happening in the BEV car space ATM.

 

[aus_trader]

Nickel has run up from $5 U.S/lb, to $7 U.S/lb, in the last 6 months, there seems to be a bit of momentum happening in the BEV car space ATM.

 

[peter2]

Many nickel stocks are in demand today and their prices are going higher.

PAN pre production development work is progressing on time. Production is expected to restart mid 2021.
Knowing these circumstances PAN is a company I'd be happy to buy on any significant dips in the market. eg The latest Trump dump allowed keen buyers to buy at a lower price. These market dips are unrelated to PAN's progress and therefore offer good opportunities to buy cheaper if you're interested in investing in a nickel producer with a 10yr mine life.
No need for a chart yet.

 

[sptrawler]

Panoramic AGM presentation, still on track for a 2021 start, the drive to the new ore body progressing well.
The share price seems to be creeping up in anticipation, the cash burn continues, will there be another capital raising?
I don't hold.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02309499-6A1007387?access_token=83ff96335c2d45a094df02a206a39ff4

 

[sptrawler]

Panoramic to sell 80% stake in panton palladium project, still driving toward the ore body, still burning cash.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02318820-6A1011133?access_token=83ff96335c2d45a094df02a206a39ff4

I don't hold, but am considering entering on weakness.

 

[peter2]

PAN is expected to resume nickel production in early 2021. I expect the stock price to be much higher by the EOY21 once production starts and the profits roll in.

 

[sptrawler]

At last report they were very close to the new ore body and the ventilation shaft was nearing completion.
So you are probably spot on @peter2

 

[sptrawler]

Well bought back in, they don't look like they are going to hit my low price 14.5c, so in at 16.5c.
Here's hoping.

 

[greggles]

PAN announced today that the Panoramic Board has approved the restart of the Savannah Nickel Operation with projections of a 12-year mine life with an average annual production target of 9,072t nickel, 4,683t copper and 676t cobalt in concentrate. Savannah has been on care and maintenance since April 2020.

A positive move by PAN management. Hopefully the operational strategies developed over the last 12 months to improve and de-risk the project will result in a more efficient and profitable operation.

 

[debtfree]

It looks ready to pop to the upside and to a new year high very soon, time will tell.

 

[sptrawler]

At last PAN are digging out nickel, hopefully the concentrator hasn't rusted out waiting for the ore.?
Really great news.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02393689-6A1040155?access_token=83ff96335c2d45a094df02a206a39ff4

 

[sptrawler]

Today PAN cracked 18c on volume of 10million, might be the start of the climb from the doldrums.

I do hold.

 

[sptrawler]

And the good news the mill and concentrator to start and first shipment due out December.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02402297-6A1043898?access_token=83ff96335c2d45a094df02a206a39ff4

 

[sptrawler]

Company presentation at diggers and dealers, gives good overview.
I do hold.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02402869-6A1044202?access_token=83ff96335c2d45a094df02a206a39ff4

 

[peter2]

You and I must be the only ones to notice that PAN finally broke out today. Wo hoo, huge volume, 20c is next to go.

I'll consider any reasonable take-over offer.

 

[divs4ever]

PAN is on my 'no more money ' list

if any take-over offer , maybe i will recover some cash and crystallize the losses

 

[Smurf1976]

PAN is on my 'no more money ' list

if any take-over offer , maybe i will recover some cash and crystallize the losses

Personally I'm quite happy with them.

Bought on 16th July this year. Has been a bit slow but it's going up so I'm not complaining.

Are you suggesting a takeover is likely?