PAN 0.00% 3.5¢ panoramic resources limited

buy back from tommorow

  1. 276 Posts.
    I wonder if today turns out to be a good day to buy PAN shares as tomorrow the company can commence buying back and extinguishing shares.

    1. Supporting the price on market

    2. Reverse dilution = concentration!

    Makes a nice change from the antics of the serial cap raisers.

    _____

    ? The earliest date the buyback can commence is 11 July 2012 (14 days after lodging documents with ASIC).
    ? Panoramic has appointed Morgan Stanley Australia Securities Limited to act as its broker on the buyback.
    ? The Appendix 3C in relation to the on-market share buyback is attached to this announcement.
    ? All shares acquired in the buyback will be cancelled immediately.
    ? Panoramic reserves the right to suspend or terminate the buyback at any time, or to buy back less than 20.7 million shares.
 
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Currently unlisted public company.

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