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Business Description: Panoramic Resources Limited (PAN) is a mining company focusing on two main underground nickel sulphide mines, the Savannah Project in the Kimberley, and the Lanfranchi Project in Kambalda, Western Australia. As of FY11, PAN had the total resource of 13.64Mt (240,000t Ni contained) and total reserve of 7.77Mt (120,700t Ni contained); and produced 17,027t Ni.
Strategy Analysis: The company’s vision is to broaden the exploration and production base to become a major diversified mining house in the ASX 100. The 10 year plan is to improve safety culture, optimise metal production to maximise margins, grow resources and reserves to extend mine life, maintain dividends and acquire additional assets to become a diversified mining house.
Panoramic Resources reported NPAT down 60.3% to $22.29m for the year ended 30 June 2011. Revenues from ordinary activities were $249.58m, down 13.3% from last year. Diluted EPS was 10.7 cents compared to 27.2 cents last year. Net operating cash flow was $40.68m compared to $135.79m last year. The final dividend declared was 2.0 cents, taking the full year dividend to 6.0 cents compared with 16.5 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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