PAN panoramic resources limited

Ann: Change in substantial holding from ZER, page-11

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    looks like ZER haven't participated in the latest C.R, but they have increased their holdings by 38.15 mill. shares (mostly rights in Jan.), placed a $7 mill. deposit to Macquarie for the Call Option for the secured debt with Savanna (May 18) and have granted an $8 mill. loan to PAN (3rd April) so for me that shows they are very much committed to PAN regardless. And now with WSA in play this is getting very interesting, I'm in.
 
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