I see the previous threads are playing the blame game. Well nobody currently at Panoramic is to blame.
Who is to blame. BRIAN PHILLIPS previous chairman and CEO PETER HAROLD who never listened to me.
Their waste of $200 million cash in hand. YES they had $200M cash in 2011, no debt and two operations at Savannah and Kambalda.
In the next 7 years they bought everyone's dirty laundry. Apex Wilson's and Gidgee Gold Mines Millions wasted Mt Henry - Millions Wasted Magma Metals, Thunder Bay, Millions Wasted
Generous executive salaries. Well their previous success was soley because they were gifted the Sally Malay mine by BHP/WMC.
Failure to put nickel mines on C&M post GFC fallout while making operating losses despite no hedge commitments - Millions Wasted.
Panton - what happened
Sale of reliable producing Kambalda assets, cashflow wasted to try and get them out of a pickle.
