As I sit watching the paint dry on the wall, I thought I would trawl back through Panoramic's past ammouncements.
It would seem as though unlike some companies that issue trading halts when one of the directors wants to fart or take a photo, PAN rarely has them.
Drilling results that are good, and even very good and excellent... are issued without the fanfare of a trading halt.
For example
17/11/14 "Excellent results from current Savannah program 13m @ 3%, 9m @ 2.95%"
28/07/14 "New Zone discovered at Savannah North" with lots of good results
21/07/13 ... This one even had 5.3% in one of the drill resilts, and included 42 metres @3.4%, 55m @3.35
... and the list goes on and on for four years with no trading halts for drilling results required ... except one.
So... Trading Halts...
In the last five years, they have only had 3 trading halts including this one. One was for the CR in 2013, and the other was worded exactly the same was as this...name the one of 17/02/14 with "pending an announcement by the Company in relation to exploration drilling activities at the Savannah Nickel Project"
The one we are in now is "in relation to exploration drilling activities at the Lanfranchi Nickel Project"
So... what was the result of the only other one....
One day after the trading halt ... on 18/02/14 PAN announced 'Major discovery at Savannah'... and the share priced jumped 70% the first day... and PAN's share price continued its rise to 120% over the next four weeks...
Wouldnt it be nice for this one...
Now... back to studying my navel and contemplating life the universe and everything
As I sit watching the paint dry on the wall, I thought I would...
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