PAN - Panoramic Resources
- Thread starter Joe Blow
- Start date
-
- Tags
- pan panoramic resources
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
A lot will depend on production and nickel price, but they are over the first hurdle, they have money coming in.
- Joined
- 25 July 2016
- Posts
- 320
- Reactions
- 636
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
Quarterly report from Panoramic, now just to up the production rate, fingers crossed at least they now have a cash flow. The good thing is a couple more months and they will be out of the wet season, so production should improve.
Last edited:
- Joined
- 19 February 2016
- Posts
- 925
- Reactions
- 1,483
Does we season affect their production?
They spent $32 million in the quarter, nothing to indicate this would be any lower or higher in H2. My morning coffee back of the mobile phone calculation is they would need to lift produced metal by close to 30% to break even in this half? With labor shortages and omicron looming in WA I'm not holding out much hope for PAN - especially at 1% nickel (64% recovery) and 0.6% copper. They need to get higher grades soon. Thought NIEq resource was supposed to be over 2%? But I'm not up to speed lately. Pretty crummy quarterly report - I want to be able to skim these reports for numbers and KPIs not fluff.
Wonder when they'll get the bailout takeover (attempt 2) from IGO? That's the carrot on the stick.
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
Good points @The Triangle
I would assume wet season affects production in the Kimberleys, I know when I worked up there it slowed everything down, massive downpour most afternoons, but they may have mitigated it.
I thought that might be what they meant with the statement, reduced underground labour accessibility, but I may be wrong.
I agree with production rate and grades, but hopefully that will ramp up, as they move further into the ore body. But as you say a lot of fluff, hopefully some stronger indications next report.
I would assume wet season affects production in the Kimberleys, I know when I worked up there it slowed everything down, massive downpour most afternoons, but they may have mitigated it.
I thought that might be what they meant with the statement, reduced underground labour accessibility, but I may be wrong.
I agree with production rate and grades, but hopefully that will ramp up, as they move further into the ore body. But as you say a lot of fluff, hopefully some stronger indications next report.
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
The latest drill result aren't anything to write home about, still under 2%, the saving grace may be the price of nickel is still climbing.
Last edited:
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
Panoramic get the second shipment away, $20m that is about $40m in two months, income is probably beating outgoings at last.
- Joined
- 20 July 2021
- Posts
- 10,977
- Reactions
- 15,242
' at last ' .. yes . i agree there
shipping to China sounds exotic
i prefer the MCR model selling to Nickel West ( i hold PAN , MCR and BHP )
shipping to China sounds exotic
i prefer the MCR model selling to Nickel West ( i hold PAN , MCR and BHP )
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
The price hike on nickel, must be starting to kick in.
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
Panoramic up 10% today, could be the breakout we have all been waiting for, hopefully. Third shipment of concentrate gone, that is $70m AUD in the last 3 months, so they are starting to roll some income, hopefully the processing plant keeps winding up production.
IDH
IDH
- Joined
- 12 January 2008
- Posts
- 7,169
- Reactions
- 17,743
Yep, that's looks like a +35% price increase.
IWIDH
IWIDH
- Joined
- 21 February 2021
- Posts
- 152
- Reactions
- 234
Great potential in the near term, but I think that all Nickel miners/producers are ramping up to cash in on the current price and demand.
Eventually the supply will out grow demand, all things being cyclical, and the market will be flooded.
It may pass that Xiang Guangda (Tsingshan) and his mega shorts will prove correct, albeit he moved far too early.
But for now, ride the wave.
As for the LME, an interesting article from CNN
edition.cnn.com
Eventually the supply will out grow demand, all things being cyclical, and the market will be flooded.
It may pass that Xiang Guangda (Tsingshan) and his mega shorts will prove correct, albeit he moved far too early.
But for now, ride the wave.
As for the LME, an interesting article from CNN
Day drinking, 'Big Shot' and billions of dollars: How the nickel market imploded
When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metal Exchange from about $29,000 to $100,000 per ton. But the champagne remains corked, investors...
edition.cnn.com
- Joined
- 24 December 2005
- Posts
- 2,601
- Reactions
- 2,065
Well done to anyone who is still hanging in with PAN. It has managed to move beyond its long term overhead falling trendline, it was slow going for a while. If it ever falls back closer to the 200dMA within that shorter-term rising trendline, I will certainly be tempted! In the meantime, just for fun, I have drawn a swing trade calculation for a potential PAN top.
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,582
Fourth shipment away.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
PAN popped up on IGOs holding above 20%. Has IGO always been on the register or is this a takeover play?
- Joined
- 20 July 2021
- Posts
- 10,977
- Reactions
- 15,242
WSA had a 20% holding in PAN and now the take-over ( of WSA ) is a done deal , it will be worth watching what happens next
( IGO might shuffle some deck-chairs )
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
So IGO will own 40% of PAN once the deal goes through? Surely that means eventual TO. I wonder if that was part of the motivation for IGO taking WSA.
- Joined
- 20 July 2021
- Posts
- 10,977
- Reactions
- 15,242
| NAME | SHARE HOLDING | SHARES HELD (%) |
|---|---|---|
| Zeta Resources Ltd | 340,377,448 | 16.60% |
| Western Areas Limited | 299,519,797 | 19.90% |
no but they probably held some PAN shares before the take-over of WSA
- Joined
- 20 July 2021
- Posts
- 10,977
- Reactions
- 15,242
PAN and ZER share a director , i would have thought ZER would be more attractive to IGO than PAN ( unless they think a management upgrade at PAN will do some good )
