First-time poster here. I brought into this CR based on my discussion with my broker.
PAN is purely a green transition play in my book, still may fail but with this $40m injection and extended debt deadline by 12 months ($45m with SPP) I will give this BOD the benefit of the doubt and gamble with money I can afford to lose.
I am posting some of my observations here and welcome all constructive feedback.
1. Rollback. I bid via CG and received 52% of what I wanted, friend got 47% via 180 markets. So this CR is well supported.
2. 50% of my allocation will arrive next Tuesday and the rest after EGM so it is in our interest that PAN does well.
3. Whilst nickel prices have dropped this CY, we expect it to stabilise and improve due to China ramp up policies to support domestic consumption and car manufacturing is a strong pillar in Chinese economy https://www.cnbc.com/2023/07/25/chinese-stocks-rally-as-beijing-vows-measures-to-boost-weak-economy.html
4. the numbers /forecast is sound
5. Q1 FY 2024 due Oct will be the one to watch for.
1 Nickle Concentrate Sale (t) 7000 2 C1 Cost Per Pound ($A) 11.00 3 Nickel Price /lb ($A) 15.00 4 Nickel Payables Price /lb ($A) 13.50 5 6 Revenue $A (m) $207.9 7 Operating Costs $A (m) $169.4 8 Other Expenses $A (m) $7.0 9 10 EBITDA $31.5
