Australian (ASX) Stock Market Forum

PAN - Panoramic Resources

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The Triangle said:
No. This is just panoramic.

I cannot believe all these mining companies in WA that manage to get money. This operation and this company have failed over and over and over and over again.

It's amusing because only a week ago IGO admitted the western areas takeover was a disaster. And remember IGA walked away from panoramic.

Heck of a discount though.
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Very true, they have been producing for a couple of years, they process their own ore.
If they still aren't making money, something isn't going right, maybe they don't get enough product for the amount of ore processed, or they aren't making enough at the current prices.
Who knows, a back on care and maintenance maybe the go, until prices pick up.
IMO there is no point in digging up nickel to give it away.
 
sptrawler said:
Pan needs to get its recovery rate up, or its input costs down, it will be interesting to see if they have a plan.
Just my two cents worth.
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Looks like the penny has dropped finally.



Transition to owner operated processing model

HIGHLIGHTS
  • Existing agreement with Primero under which Primero operates and maintains the process plant at the Savannah Nickel Mine has concluded by mutual agreement.
  • All Primero employees at Savannah have been offered employment with Panoramic as part of the transition of the process plant to owner operation.
  • Transition to owner operated model is anticipated to deliver operating cost savings immediately.
 
Strategic Review of the Savannah Nickel Project

Panoramic Resources Limited (ASX:pAN) (“Panoramic” or the “Company”) advises that it has initiated a strategic review process to evaluate options for its Savannah Nickel Project located in the Kimberley region of Western Australia (“Strategic Review”). The Strategic Review is designed to assess the ongoing capital requirements in the context of the current and forecast nickel price environment, evaluate funding options, and seek interest from third parties to submit proposals to Panoramic that will deliver value to Panoramic shareholders.

Panoramic has engaged Treadstone Resource Partners to conduct the Strategic Review and explore various options for both the Company and its Savannah Nickel Project, which may include a partial or complete divestment of the asset, joint ventures or other funding options or partnerships.
The Company has also engaged Gilbert + Tobin to assist with the Strategic Review. The Strategic Review will seek to maximise value for Panoramic shareholders.

There is no guarantee that the Strategic Review will result in any specific transactional outcome.

i hold PAN ( and am deeply underwater here )
 
divs4ever said:
Strategic Review of the Savannah Nickel Project

Panoramic Resources Limited (ASX:pAN) (“Panoramic” or the “Company”) advises that it has initiated a strategic review process to evaluate options for its Savannah Nickel Project located in the Kimberley region of Western Australia (“Strategic Review”). The Strategic Review is designed to assess the ongoing capital requirements in the context of the current and forecast nickel price environment, evaluate funding options, and seek interest from third parties to submit proposals to Panoramic that will deliver value to Panoramic shareholders.

Panoramic has engaged Treadstone Resource Partners to conduct the Strategic Review and explore various options for both the Company and its Savannah Nickel Project, which may include a partial or complete divestment of the asset, joint ventures or other funding options or partnerships.
The Company has also engaged Gilbert + Tobin to assist with the Strategic Review. The Strategic Review will seek to maximise value for Panoramic shareholders.

There is no guarantee that the Strategic Review will result in any specific transactional outcome.

i hold PAN ( and am deeply underwater here )
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Recovery costs are high, contained nickel in ore is low and nickel price is down. Something has to give.
Finding someone who wants to own a mine and concentrator in the Kimberley, will be interesting IGO already had its fingers burnt with Western Areas pickups.
Interesting times, maybe a Chinese company? I can't see how smaller producers like PAN are going to survive, their input costs are very high and with the way our inflation is going I can't work out how they are going to reduce recovery costs.
Add to that the fact there is no value adding process facilities for nickel in Australia, e.g no stainless steel or battery manufacturing and Indonesia are cranking up competition.
Where does PAN sell its nickel and make a profit, when nickel is selling for under US$8/lb ?
 
Last edited:

Substantial Shareholders List​

NAMESHARE HOLDINGSHARES HELD (%)
Zeta Resources Ltd453,969,53215.29%
IGO Limited431,045,54514.52%

the IGO holding was courtesy of the Western Areas acquisition ( already diluted down by a cap. raise )

IGO could have helped if it cared to

would IGO buy the mine ( but not the rest of the mutt ) time will tell

FMG currently has a fascination with 'new-age' materials , maybe they would at least look carefully

BHP already has nickel interests in the area ( maybe staff and plant would be attractive and call the rest a tax write-down ) ditto for S32

the major question is ... will PAN descend into a true penny dreadful ( SP below a cent most of the time )
 
sptrawler said:
Recovery costs are high, contained nickel in ore is low and nickel price is down. Something has to give.
Finding someone who wants to own a mine and concentrator in the Kimberley, will be interesting IGO already had its fingers burnt with Western Areas pickups.
Interesting times, maybe a Chinese company? I can't see how smaller producers like PAN are going to survive, their input costs are very high and with the way our inflation is going I can't work out how they are going to reduce recovery costs.
Click to expand...

Prophetic words. PAN is currently suspended pending another "Strategic Review". All options, including selling mine to be discussed.
 
peter2 said:
Prophetic words. PAN is currently suspended pending another "Strategic Review". All options, including selling mine to be discussed.
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As I,ve said in other threads, a lot of companies that process ore will be running their ruler over operational costs, it will be looking pretty ugly at the moment.
From a shareholder's point of view, PAN would be better off selling the mine and buying houses in Sydney, a much better return.
Most small caps would be better doing the same IMO.
Australia is toast, other than the established major companies.
 
peter2 said:
IGO might pick it up for a few cents.
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Possibly, but with the price of nickel where it is, I think IGO will stay well clear.
Maybe one of the Pilbara battery miners might be interested at a giveaway price.
The punters who bought into the SEPTEMBER capital raising, will be smarting.
The writing is on the wall for smaller players in Australia, even some mid size will be getting nervous, the cost of doing business here has ramped a lot and it isn't stopping, now that the energy and emissions targets are coming into play.:2twocents
 
IGO probably already owns 20% PAN through it's buyout of WSA.
Forgot what type of nickel formation, laterite or sulphide.
The sulphide type may be more valuable to IGO unless the production costs are too high. Indonesia is producing heaps of pig iron from its laterite resource. Would boost production through IGO's Ni refinery.

I assume IGO would have considered it by now.
 
divs4ever said:
nope, sadly i still hold but will go from drawer asset to drawer liner

watch them try to milk the share-holder at least one more time
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They raised 6 mil before costs in September.
Already they are flagging they can't pay their bills.
Although they are shipping a last shipment.

Insolvent trading anyone?
 
UMike said:
They raised 6 mil before costs in September.
Already they are flagging they can't pay their bills.
Although they are shipping a last shipment.

Insolvent trading anyone?
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if insolvent trading was a crime , the jails would be full ( unless somebody is deliberately not punishing them )

now there is a possibility the payment for the shipment is being delayed ... but full market disclosure , anybody .. is that still a theory ??
 
A few tipsters picked PAN in the 2023 Yearly Comp. By the end of the year it had lost 80%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.

So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't changed price at all, still at 0.035 so it's going better than the other 3.

wed pan.PNG
 
debtfree said:
A few tipsters picked PAN in the 2023 Yearly Comp. By the end of the year it had lost 80%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.

So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't changed price at all, still at 0.035 so it's going better than the other 3.

View attachment 169509
Click to expand...
This stock is worth Zero.

It is dead. Deader that the Parrot posted above.
 

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