PAN 0.00% 3.5¢ panoramic resources limited

Ann: Savannah Project Restarting, Fully Funded, page-5

  1. 4,558 Posts.
    lightbulb Created with Sketch. 161
    Was at Noosa conference. 15 minute report was exceptionally positive, except that projections were based on a minimum $6.75 / lb nickel prcie ($US)
    Good thing they got their 40 million loan based on a hedging program.
    That could save their bacon should there be an economic downturn.

    Don't really expect that myself, but going by commodity prices in general this year... and the trade 'war' is not helping.....the lofty prices have seen some considerable retracement, and only booming economies have a high demand fulfilled with high price supply.Lower demand brings on competitive pricing. We are seeing that in almost all metals at present from zinc to gold. From cobalt to lithium hydroxide.
    Cobalt down from 90,000 per tonne to 71,000 per tonne. (not many really expected it to continue up forever, but copper was seen as a vital commodity for the EV revolution, yet it too has dropped significantly. Zinc at $1.40+ down to $1.15 , etc , etc.
    But great presentation. Should have people savilating if it weren't for uncertainty caused by Trump and heated economics.
 
watchlist Created with Sketch. Add PAN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.