Ann: Quarterly Activities Report, page-24

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Mason8

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01/02/23

00:16

Post #: 65992423
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Originally posted by Mason8: ↑

Man, you give me the shits.

I fully understand how by-credits work to offset costs and I certainly don’t need an education lesson from you - You arrogant, inconsiderate being.

Let me go over the facts because you always speak before you think.

Remember this point as it is critical to the facts (Punch line) - Panoramic provided FY23 guidance on 22 July 2022.

1. What was Cobalt (a by-credit) trading at on 22 July 2022? About US$50,000 per tonne.

2. What has Cobalt (a by-credit) averaged from July 2022 to December 2022? About US$50,000 per tonne.

3. What was Copper (a by-credit) trading at on 22 July 2022? About US$3.30/LBS.

4. What has Copper (a by-credit) averaged from July 2022 to December 2022? About US$3.50/LBS.

5. What was oil (One of Panoramic’s excuses for cost increases) trading at on 22 July 2022? About US$92.00/BBL

6. What has Oil (One of Panoramic’s excuses for cost increases) averaged from 22 July 2022 to December 2022? About US$80/BBL.

7. Shipping costs have also come down from July 2022.

8. FY23 cost guidance (July 2022) was already built on a low end production guidance of 6,600 and high end production guidance of 7,100 - Yet today’s quarterly made reference to costs also going up (substantially) due to low end production guidance… Does this make any sense to you since the original guidance had already factored costs at both low and high points (which were unaffected)?

Please explain to me how the costs have gone up from 28% to 40% using C1 & AIC across the same period where you consider the above facts?

See how today’s quarterly is not making any sense?

Therefore, back to my original point.. We need to hold management to account by asking these hard questions..

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I will also add, that the AUD/USD conversation had drifted lower over the same period which ultimately (as I understand) was an offset benefit for our Copper & Cobalt by-credits.

PAN Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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