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Business Description: Panoramic Resources Limited (PAN) is a mining and production company focusing on two nickel operating mine, Savannah and Lanfranchi Projects, in Western Australia. PAN also holds development projects, with a focus on gold and PGMs.
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 a net loss of $12.99m for the half-year ended 31 December 2012. Revenues from ordinary activities were $94.81m, down 18.3% from last year. Basic and Diluted EPS was (5.2) cents compared to (1.9) cents last year. Net operating cash flow was $16.36m compared to $19.99m last year. The interim dividend declared was 1 cent, compared with 2 cents last year.
A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.
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