Ann: Appointment of Receivers to Certain Property of PAN, page-3

First 3 Last

Share
Profile

Follow
zebster

5,312 Posts.

2438

12/03/24

09:19

Post #: 72849638
Share

Originally posted by tomboy: ↑

well Trafigura flexes its muscle by going in yet they are not in charge of the sale or recap process at all
But the administrators control the $40M cash & that process & the business.

so its litigation over the cash then.
Ad'or will want to keep the cash to pay the bills and C&M etc while Trafigura wants the cash to pay down its debt but its secured so the normal rule is R&M controls the asset/property sale in this case the mine and mill but not the cash.

Clearly no offers are on the table yet and IGO is playing hard ball and may lose its $45M cash in PAN paper then, NUTS.
IGO has $280M cash at bank and can sweep this up and rollover the Trafigura deal in its own Nova deal but it too is in breach of its FF offtake deal
Meanwhile NP has spiked back up to $8.09 uslb or $12.23 audlb the price before the admin was called at which it was apparently profitably producing.

so sounds like a good time for a pow wow of these 3 imho.

Expand

Yep, Tommy, they've all got it so very wrong. They should really listen to you and your Magic Keyboard. That's the pathway to ~~delusion~~ excellence right there! (lol)

PAN Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

1 Great analysis

Reply

Top Stories

LDX

Lumos Diagnostics surges 140% on major US contract deal

ASX Market Close: Why are we red today? Because US CPI's at 3%

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Appointment of Receivers to Certain Property of PAN, page-3

Top Stories

Lumos Diagnostics surges 140% on major US contract deal

ASX Market Close: Why are we red today? Because US CPI's at 3%

Li-S Energy the latest microcap to pivot to US defence market

Lithium Universe targets silver boom with breakthrough solar recycling tech

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News