PAN 0.00% 3.5¢ panoramic resources limited

more evidence, page-22

  1. 1,166 Posts.
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    I noticed a couple of notes in the AR which are quite positive:

    1) the shares were issued to DDH1 as payment for drilling/ exploration activities at the gold projects (so the cash costs of A$5.29/lb were not subsidized)
    2) DDH1 is still holding on to the shares (as at 23 Sep 2013). reflects confidence in PAN
 
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