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Ann: QUARTERLY ACTIVITIES REPORT - MARCH 2021, page-104

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    Just Comparison.
    It cost unbelievably and ridiculous . Below what PAN (Panoramic Cost to Close
    Its Hedge Book). With Bank Loans, They got you by the Balls. LOL.

    KEY POINTS
    ▪ Panoramic closes out all commodity and A$:US$ currency hedges in place for a cost of approximately
    $10 million.
    ▪ Macquarie Bank agrees to increase Panoramic’s existing credit facility by $10 million to fund the cost of the
    hedges closed out.
 
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