PAN - Panoramic Resources

[divs4ever]

a take-over ??

unknown by me , but WSA has a bidder , you never know

and PAN has been a real 'gunna stock ' in the last few years .. gold , platinum in NT and US

** PAN also holds development project focusing on gold and platinum group metals (PGM). **


and where are we ??

have been in PAN since July 2011 and bought from $1.77 down to 28.5c ( average SP of 50c or down 67% )

MCR bounced up to over 150% over my average and PAN isn't close to breaking even ( in the same period )

good luck

but no more cash from me , it has had too many chances from me

cheers

 

[divs4ever]

Substantial Shareholders List​

NAME	SHARE HOLDING	SHARES HELD (%)
Western Areas Limited	299,519,797	19.90%
Zeta Resources Ltd	265,357,615	17.60%

HIGHLIGHTS § Great Northern Palladium (GNP) exercises option and completes acquisition of remaining 20% interest in Panton Sill Pty Ltd (Panton) for A$3 million § Proceeds from the sale will provide general working capital to support the current restart of the Savannah Nickel Project


Panoramic Resources Limited (ASX: PAN) (Panoramic or the Company) advises that GNP has exercised its option and completed the purchase of the remaining 20% interest that it does not already own in Panton, the entity that owns the assets of the Panton PGM Project for A$3 million. As previously announced (refer ASX release 18 December 2020), Panoramic divested an 80% interest in Panton via a Share Purchase Agreement (SPA) to GNP for A$12 million. Under the terms of the SPA (refer ASX release 7 December 2020), GNP retained the right to purchase the remaining 20% interest in Panton if the option to acquire was exercised within six months of GNP’s acquisition of the 80% stake. Additionally, in line with the terms of the SPA, 2% of the consideration received by Panoramic will be paid by Panoramic to GNP’s financial advisors, CPS Capital Group. Proceeds from the sale of Panton will further strengthen Panoramic’s working capital position as it continues activities associated with the previously announced restart of the company’s Savannah Nickel Project

WHOOPS one project gone

 

[sptrawler]

Things appear to be progressing well at Savanah North deposit, they actually are removing ore ATM, so that's a good start IMO.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02421033-6A1050163?access_token=83ff96335c2d45a094df02a206a39ff4

I do hold.

 

[sptrawler]

Well it looks as though the plant is up and running, first truck load of concentrate to go to Wyndham port next week.

 

[peter2]

PAN making new yearly highs. Retail holders are happy. Significant shareholder, WSA will be happy. Prospective buyers of WSA will have to pay more.

 

[sptrawler]

I am hoping Panoramic notify the market, of their first shipment of concentrate this month, as they are my December stock pick.

 

[Ann]

I am here with a warning for anyone holding PAN, there is a very long term falling trendline resistance on PAN coming from July 2014 and the price is within cooyee of slamming its head on the trendline. Added to that it has just fallen out of its short term rising trendline coming from June 2021. It may not happen of course, I could be quite wrong.

Sorry, @sptrawler I didn't realize you had it in the comp.

 

[Ann]

Let's take a closer look at PAN showing how it has fallen out of its recent uptrend over the last six months or so. It is now sitting on a support line of 0.205 with the 2014 falling trendline sitting above it in clear view. The MACD is not a pretty sight.

 

[divs4ever]

I am here with a warning for anyone holding PAN, there is a very long term falling trendline resistance on PAN coming from July 2014 and the price is within cooyee of slamming its head on the trendline. Added to that it has just fallen out of its short term rising trendline coming from June 2021. It may not happen of course, I could be quite wrong.

Sorry, @sptrawler I didn't realize you had it in the comp.

View attachment 133770

even worse here , i have held them since 2012 , so yes i was very aware of the long term trend , and the decisions that got them there ( compared to peer MCR with i also hold ,but in profit )

a bold pick sptrawler , my portfolio hopes you are right

cheers

 

[Ann]

even worse here , i have held them since 2012 , so yes i was very aware of the long term trend , and the decisions that got them there ( compared to peer MCR with i also hold ,but in profit )

No major falling trendlines on MCR but....

 

[divs4ever]

took the opportunity to recover the investment cash there ( MCR ) , but an interesting comparison between two strategies in the same commodity and same geographic area

but the result does reinforce my preference to invest in multiple companies in the same area/resource ( as opposed to the high-conviction style of investing )

 

[sptrawler]

Panoramic announce first load ready for shipment on 27 Dec, second shipment expected mid Feb. Ka Ching.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02468278-6A1069207?access_token=83ff96335c2d45a094df02a206a39ff4

I do hold

 

[sptrawler]

took the opportunity to recover the investment cash there ( MCR ) , but an interesting comparison between two strategies in the same commodity and same geographic area

Hi div4, Panoramic and Mincor are mining different areas, MCR are based in Kambalda near Kal, whereas PAN are mining in the Kimberleys near Halls Creek and shipping out of Wyndham.
Panoramic used to have a mine at Kambalda called Lang Franki it was sold to a Canadian group about 4 or 5 years ago when the price of nickel collapsed. ?

 

[divs4ever]

but it seems MCR mines more efficiently

i would have thought PAN would have been the better company , but recent history has proven me wrong

i was meaning Western Australia ( likely to have the same regulations to operate within )

cheers

 

[sptrawler]

but it seems MCR mines more efficiently

i would have thought PAN would have been the better company , but recent history has proven me wrong

i was meaning Western Australia ( likely to have the same regulations to operate within )

cheers

Even during the boom times MCR seems to perform better, I think they both have upside, but IMO MCR do seem to be managed better but they do have a lot of things in their favour. They basically have all of the old WMC mines and also two towns close by to obtain supplies labour etc, Panoramic are mining a remote area that has logistical and environmental challenges.
But I hold both same as you and any upside is a plus in this game IMO, both have been on a run in the last few days, may it continue.

 

[divs4ever]

from memory MCR did give credit to a couple of pockets of cobalt found at a time of stress , for that performance

from memory PAN was more adventurous getting into projects interstate and in North America , however i think the PAN board has had some changes will they be for the better ??

 

[sptrawler]

My pick in the 2022 stock comp, reason being they have finally struck the new ore body at their Savannah mine the mill and concentration plant is up and running, so it should be full steam ahead in 2022.

 

[sptrawler]

Just doing a back of the napkin on Panoramic's first shipment this month, 10,000 tons with the price of nickel at $9US/lb that is a lot of money.

 

[brerwallabi]

Things seem to be coming together for PAN, loan in place with favourable terms especially with not being forced to hedge and the outlook for the nickel price predicted to strengthen and the copper price whilst it may decline not to concerning.
Their first shipment is ready to depart the country.
Offtake agreement in place from 2023 to 2028.
Production and recommissioning targets all met.
Orebody open along strike and at depth suggests there is potential to increase reserves.
Entry 24.5cents late comer to PAN.

 

[sptrawler]

First shipment out of Wyndham on the 26 December, 10,685 tonnes of concentrate payment of $20.4m due in January, looks like everything running to schedule.