Ann: Fully Underwritten $40M Placement & Non-Underwritten SPP, page-67

300M issued immediately that $15M cash
492M issued on AGM approval

Trafigura appear very happy, extended the credit line to Dec 2024 and still getting the offtake at great value for both PAN and them.
Offtaker is desperate for PAN ore looks like.

300M = 14.5%
eerily close to AFs 5.5% holding to take him to 19.9%
is it AF who has taken this with his pennies from the $2,000Mpa he gets from FMG divvys?

DO NOT GIVE THE CR TO AF !
If you do it will be like MCR at 136c and if he bids at 7.5c then tells you there is no other choice..

Who is the BUYER we will soon find out as a subholder notice is due in 2 days for anything over 5%.

PAN was 26c last August !
And that was cheap but this is near ridiculous now.
V WHIPSAW in process looks like.