I will attach what I think is the most important piece of information that I will cover on this forum to date to further demonstrate that anyone jumping on Panoramic shares at $0.24 (or current market value about $492m) should consider this opportunity as a blessing in my opinion.
You will note from the ‘KPMG Western Areas Limited - Independent Expert Report’ in the Scheme Booklet dated 14 April 2022 on page (82) that the independent expert has valued PAN using a 10% discount to share price of $0.37 on 8 April 2022 which gives us a low end value of $0.33 per share and a high end value of $0.43 per share using their premium of 15%. Notwithstanding the 30% to 40% premium they make mention of in typical control premium in successful mining acquisition which gives us a value of $0.48 to 0.52 per share.
Take this report how you will but do note there is no bias in this report from either, PAN, WSA or any brokers - This is an independent expert report that is putting a value to Panoramic.
Furthermore, this information goes on record and in my view, IGO will now have to consider the price range within this report should they look to acquire PAN.
