Are we being shorted?, page-27

PAN SP should be way higher but its 20c now.
PAN is producing and likely to make strong returns in the next 12 months due to a booming NP (11.50 now not 8.00) & lower AUD$ 66.7c now not 78c and due to Victiors skillful masterly methodical production restart (unlike former CEO Harold who struggles to issue a DFS or offtake in 2 years at POS).

IGO holds 21% of PAN and previously bid for it at 47c
AF has only 5% not even a blocking stake and hasnt added to this stake despite IGOs move to largest holder on the PAN share register.

IGO swiped up SIR for $2.4B (now seen as a masssive boon for it)
IGO swiped WSA for $1.1B (FF mine high grade depleting)
IGO moved on PAN for 47c then withdrew.
IGO MCap is now $11B, PAN Mcap is $410M
Thats a small 3.7% of the IGO MCap.

Super IGO is an acquirer cheap and under Creasy's watch has boosted its MC & production.
AFs Ni empire dream lays in tatters imho
Creasy is the Nickel King imho.

IGO is going to bid for PAN again sooner or later imho.
And the longer the SP lingers low sub 50c the more likely this becomes imho.

PAN is a takeover target pure & simple. Shorting it plays right into the hands of a suitor.