Ann: Fully Underwritten $40M Placement & Non-Underwritten SPP, page-86

I'm again heavy loaded here. Been adding more today. Market Cap at
140M post Capital raising if its sp remains 5c. This is almost equal to
PAN Market Cap the previous Capital Raising at 7c Restart way back June
2020. History really repeats itself. I never dreamt I could buy back PAN at 7c again
let alone 5.2c today. Anyway, a lot has changed since the first restart. A lot
of developments have been done, Multi level stope mining at North Savannah.
Higher grades at Savannah Extension available early FY24. Nickel at still
a high US$9.8/lb. But copper could rise exponentially by next year. Even at just
4700t/year production will lower c1 cost if copper go up 10,000/t. With this new
Cash injection, All PAN will do is to survive a year and hopefully the Base Metals
ie Nickel,Copper,Cobalt will be all time high. Maybe this time, PAN will succeed.
DYOR Have a good weekend Holders.