PNR 4.76% 8.0¢ pantoro limited

Ann: Half Yearly Report and Accounts, page-25

  1. 11,839 Posts.
    lightbulb Created with Sketch. 6449
    Hey Wassa, I did biggrin.png
    Though to be fair, I am not all the time rolleyes.png

    Regarding Green Lantern, I think Stage 1 will be mined out, but... I wonder about Stage 2?
    This from August 2022.

    https://hotcopper.com.au/data/attachments/6040/6040866-ef3cb9c19b7ce97eeee56fe0160ed63b.jpg

    https://hotcopper.com.au/data/attachments/6040/6040868-8224f40a2faa4c145ac4bb757dee6782.jpg
    https://hotcopper.com.au/data/attachments/6040/6040871-8ba4a3615b563d1b558c18b20f48dac2.jpg

    Yet, from the 2023 Annual report (October), it would seem that they are not going to go ahead with Stage 2. I won't discount that they could easily change their mind if the new contractors prove themselves, as why go after Gladstone Everlasting when GL is already being mined (on and off).

    https://hotcopper.com.au/data/attachments/6040/6040875-cfc7f9a366c3b0db9029f480a3564e8d.jpg
    I guess I am just not 100% clear on what PNR plan to do, as whilst they have said open cut will finish at years end, does Scotia have enough ore to mine until year's end, when they are not fully stripping it as per the old plan? I realise the stockpiles they are/have built up with last them potential 18 months by years end either way. Just looks to me like GLs Stage 2 pit has some very decent grades. Perhaps they could further modify Stage 2 etc.

    Good to have confirmation from your sources that things on the ground are going well. Hopefully the flow on from this is beneficial in many ways. Less pressure on staff throughout the whole operation etc.

    We should see some sort of update in April about the portal at Scotia. Regarding the loan, do you have the details of the re-payment schedule handy? I feel like I must have missed that detail somewhere, though I know they are adding a crap load of interest.
 
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