お知らせ • Jan 09
Panoramic Resources Limited Announces Savannah Nickel Project Operations to Be Suspended Panoramic Resources Limited provided the following update on the Savannah Nickel Project. Whilst operations have continued, including a shipment of approximately 10,000 tonnes of nickel concentrate on 3 January 2024, nickel prices have continued to trend lower. After further engagement with major creditors, key suppliers and other stakeholders, the Administrators have determined that operations at the Savannah Nickel Project will be suspended over the coming days. As a consequence of the decision to suspend operations at the Savannah Nickel Project, the majority of the c.140 Panoramic staff on-site at the Savannah Nickel Project will be stood down and unfortunately made redundant, some with immediate effect. Employees with unpaid accrued entitlements are creditors in a voluntary administration of a company with certain statutory priority entitlements ranking above the claims of unsecured creditors. Employees may also be entitled to make a claim against the Commonwealth Fair Entitlements Guarantee (FEG) scheme in the event of a shortfall in distributable funds available to meet certain of their entitlements, depending on the outcome of the administration process. An update in this regard will be provided by the Administrators in due course. The Administrators will continue to collaborate closely with creditors and other stakeholders of the companies to which they are appointed to maximise the financial outcomes for all stakeholders. お知らせ • Sep 07
Panoramic Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.922446 million. Panoramic Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.922446 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 118,448,910
Price\Range: AUD 0.05
Security Features: Attached Options Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.016 loss per share (vs AU$0.003 profit in FY 2022) Full year 2023 results: AU$0.016 loss per share (down from AU$0.003 profit in FY 2022). Revenue: AU$195.5m (up 116% from FY 2022). Net loss: AU$33.2m (down AU$39.4m from profit in FY 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Aug 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€70.6m market cap, or US$77.3m). New Risk • Jul 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €64.5m (US$71.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (€64.5m market cap, or US$71.1m). New Risk • Jul 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. MD, CEO & Executive Director Rickman Rajasooriar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 31
High number of new directors Independent Non-Executive Chairman & Lead Director Nick Cernotta was the last director to join the board, commencing their role in 2020.