Panoramic’s Mill Mishap, do they need to Raise to Remedy it?

Today we do a deep dive into the current situation for Panoramic Resources (PAN.asx) who today announced that their filter press pressure plate has a crack in it as their Savannah Nickel Project ramps up in the Kimberley. We look at the operational implications and also the potential for a stressed balance sheet amid what looks like a few weeks of lost production at a critical time, ramp-up!

In the other news of the day, Delta Lithium (DLI.asx) completed a strategic placement at a 7.5% premium to Idemitsu, a Japanese trading business. Kalium Lakes (KLL.asx) has provided an operational update to the market which doesn’t look like good news for shareholders as they remain in suspension and a strategic process has been kicked off. And Tim Goyder has increased his stake in Tanzanian gold developer, OreCorp (ORR.asx), as revealed in an announcement today.

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

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