PAN 0.00% 3.5¢ panoramic resources limited

83% up, page-18

  1. 37,911 Posts.
    lightbulb Created with Sketch. 828
    analyse the result & the potential?

    I won't say they are 'great minds' but Turbo & DDZX think alike here, as I originally posted in the day trading thread

    PAN is currently unprofitable

    its cost of goods sold (COGS), which does not include other costs, was larger than its revenue last year

    today's grade is the same as PAN's reserves therefore unlikely mining this deposit will make PAN profitable

    the deposit is 300 metres below & 650 metres away from the current decline (mining shaft) so some CAPEX required

    if PAN was not currently unprofitable, I would have held for my life

    I struggled to make up my mind whether to buy but there were so many buyers at open I said: "Its on!" But a massive seller took out 32 so I sold at 34.5 soon after

    very hard call for me to make

    you got to really know the company & its operations (which I don't)

    dyor

    good luck
 
watchlist Created with Sketch. Add PAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.