The NP is now higher than when they were still producing & trading halted~ 30 October 2023.
NP is today 8.10
In fact the NP is now 14% higher than when the administrators shuttered the mine on C&M on 8 Jan 2024, see below.
IGO must be interested in PAN as NP recovers rather than losing its $45M cash & PANs $40M cash at bank to the accountants. IGO can control Trafigura using its current deal with Trafigura at Nova and its cash at bank.
As NP spikes back to market price, PAN ought to be worth a lot lot more than this imho.
NICKEL Price
17,852.50
+81.50
+0.46%
02:25:20 PM EDT 4/15/2024 MI Indication
Jan 8 (Reuters) - Panoramic Resources Ltd (PAN) :
- SAVANNAH NICKEL PROJECT OPERATIONS TO BE SUSPENDED
- ADMINISTRATORS HAVE DETERMINED THAT OPERATIONS AT SAVANNAH NICKEL PROJECT WILL BE SUSPENDED OVER COMING DAYS
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