Australian (ASX) Stock Market Forum

PNR - Pantoro Limited

Jump to new
Anyone know what coblat is? :cautious:

Screen Shot 2022-01-10 at 9.24.43 am.png
 
Pantoro have had a disastrous year like many explorers. A lot of cash was expended buying into the Norseman Gold Project owned by Tulla Resources though they have now finished these payments and now it costs them 50% in equal partnership. Tulla unloading their share holding in PNR additionally dragging the share price down together with a large cash raising.
www.proactiveinvestors.com.au

Pantoro launches $30 million raise to put toward Norseman development

Pantoro Ltd (ASX:PNR) is aiming to raise $25 million as part of an institutional placement that may also accept oversubscriptions for a further A$5 million....
www.proactiveinvestors.com.au

Live charts:
Day: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=0&t=1
Short term: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=5&t=1
Long term: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=9&t=1
 
Pantoro and Tulla merge, launch $75 million raise - 13 February 2023
www.australianresourcesandinvestment.com.au/2023/02/13/pantoro-and-tulla-merge-launch-75-million-raise/

Formerly Norseman Gold PLC later Tulla Resources PLC have merged via a takeover of Tulla Resources PLC by Pantoro Limited.

A High Grade Australian Gold Producer
Pantoro is an Australian gold producer with its 100% owned Halls Creek Gold Project in the Kimberley Region of Western Australia and its recently acquired 50% owned Norseman Gold Project.
Https://www.pantoro.com.au/about/

ASX: Https://www2.asx.com.au/markets/company/tul
StocknessMonster: Http://www.stocknessmonster.com
Hotcopper: Https://hotcopper.com.au/asx/tul/discussion/

Pantoro website: Https://www.pantoro.com.au/
Company Projects: Https://www.pantoro.com.au/projects/

Grants Creek
The Grants Creek Project is located approximately 60 km north of Halls Creek and includes a number of advanced prospects with the first mining recorded during the 1880s. Grants Creek has a large amount of historical drilling recorded, and Pantoro believes that there is strong potential to rapidly define a JORC-compliant Mineral Resource.
Https://www.pantoro.com.au/projects/grants-creek/

Mary River Project
The Mary River Project is located approximately 20 km SSW of Halls Creek and is easily accessible via the Great Northern Highway and the Tanami Road. Mary River is approximately 20 km from the Nicolsons processing plant.
Https://www.pantoro.com.au/projects/mary-river/

Nicholsons Regional Projects
Pantoro has a portfolio of regional exploration targets located near the Nicolsons Project, approximately 45 km southwest of Halls Creek in Western Australia. The regional exploration targets represent extensional expansion opportunities close to the Nicolsons project infrastructure. Initial exploration undertaken at a number of these regional targets has produced encouraging results.
Https://www.pantoro.com.au/projects/nicolsons-regional-projects/

Central Norseman Gold Project
The Norseman Gold Project is located in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt. The project lies approximately 725 km east of Perth, 200 km south of Kalgoorlie, and 200 km north of Esperance.
Https://www.pantoro.com.au/projects/norseman-project/

TREATMENT
The Phoenix gold processing plant utilises conventional milling and carbon-in-leach (”CIL") technology for the recovery of gold. The plant is at present closed.
PERTH (miningweekly.com) – Gold developer Pantoro has narrowed down a processing plant option for the Norseman gold project, in Western Australia.
“The outcome of this study provides Pantoro with a clear way forward for the reconstruction of the Norseman processing facility.
▪ Old plant was demolished and a contract with GR Engineering Services to construct a new 1Mtpa carbon in leach processing plant (with the flexibility to be increased up to 1.5Mtpa)
▪ Crushing circuit sized to enable increased throughput without modification
▪ Designed to treat multiple ore sources, and additional ore sources from subsequent phases of development
A large amount of existing infrastructure at the site provides a major reduction in capital costs for the project and the review confirms our pre-acquisition cost assumptions,

22 December 2021 - - LITHIUM
The Company and its Joint Venture Partner entered into a signed Term Sheet with Mineral Resources Limited with respect to an unincorporated Lithium Joint Venture which gives Tulla Resources now Pantoro Limited a free carry through to initial production. This is an exciting development for the Company and its shareholders.

Investor Presentation September 2022: Https://www.pantoro.com.au/wp-content/uploads/2022/09/Beaver-Creek-2022-Final-picture.pptx-Last-saved-by-user.pdf

Australian Gold chart: Http://goldprice.org/charts/gold_3d_b_o_AUD.png
 
Bit of bullish price action in both PNR and TUL. I don't know the state of the merger between the two.
Would require some research before buying.
 
frugal.rock said:
Flipping a coin on this one for November comp.
Click to expand...
coming up roses in November

Screenshot_20231112-064521_CommSec.jpg

.
what a new lease of life the prospect of looking for white gold / getting early cash in the door brings.

Pantoro Signs Binding Agreement on Sale of Lithium and Certain Base Metals Rights at Norseman for up to A$60m
... has executed a binding agreement with Mineral Resources Limited (ASX:MIN) by which Pantoro divests 100% of its lithium, nickel, copper, and cobalt rights on the Norseman Gold Project for up to A$60 million in cash consideration plus royalties.
Highlights
• Consideration for the divestment consists of:
» A$30m upfront cash consideration, payable within five days of execution of the binding term sheet;
» A$30m deferred payment, payable upon final investment decision to commence a nickel, copper, and/or cobalt mining operation;
» 2% net smelter royalty on all nickel, copper, and cobalt, recovered; and
» 0.75% FOB lithium royalty.
» Both royalties are subject to certain Mineral Resource thresholds being met.
 
Not often Wally Street values a stock higher than what it's trading.

(Picked for the February comp.)


Simply Wall St.

3 ASX Stocks Estimated To Be Trading At Discounts Of Up To 49.5%

Pantoro​

Overview: Pantoro Limited is involved in gold mining, processing, and exploration activities in Western Australia with a market cap of A$839.02 million.

Operations: The company's revenue segment includes the Norseman Gold Project, which generated A$229.43 million.

Estimated Discount To Fair Value: 49.5%


Pantoro is trading at A$0.14, significantly below its estimated fair value of A$0.27, suggesting it may be undervalued based on cash flows. The company's earnings are forecast to grow annually by 51.53%, with revenue growth expected to outpace the Australian market at 17.9% per year. Despite past shareholder dilution, Pantoro's profitability is projected within three years, supported by strategic leadership changes with the appointment of Stuart Mathews as an Independent Non-Executive Director.

  • Our expertly prepared growth report on Pantoro implies its future financial outlook may be stronger than recent results.
  • Click here to discover the nuances of Pantoro with our detailed financial health report.
c3eed2ccc93422aa9bad18556425adaa.jpg

ASX:pNR Discounted Cash Flow as at Feb 2025


au.finance.yahoo.com

3 ASX Stocks Estimated To Be Trading At Discounts Of Up To 49.5%

The Australian market has seen mixed movements recently, with the ASX200 closing flat at 8,484 points as gains in some sectors were offset by a significant sell-off in index giant CSL. Amid these fluctuations and global economic considerations such as potential tariff exemptions on Aussie steel...
au.finance.yahoo.com au.finance.yahoo.com
 
A few things I don't like about it:
The appalling rate of dilution to 4.5 Billion shares over eight years. If you reduced this company to 100m shares at the present market cap of $871m the share price would be $8.71
It's been taking on debt while running at a loss.
Revival of old mines has a high casualty rate in my perception and this includes Norseman, which destroyed my investment in Croesus Mining many moons ago. From googling:

"Croesus Mining bought the Norseman gold mine in Western Australia in 2002, but went into administration in 2006.

Croesus Mining and the Norseman mine
  • Croesus Mining NL was based in Kalgoorlie.

  • The company announced a rights issue to raise funds for exploration and mine development at the Norseman gold operations.

  • Croesus Mining devised a short-term plan to return the Norseman gold mine to profitability.

  • The company collapsed in June 2006. "
Not Held
 
finicky said:
A few things I don't like about it:
The appalling rate of dilution to 4.5 Billion shares over eight years. If you reduced this company to 100m shares at the present market cap of $871m the share price would be $8.71
It's been taking on debt while running at a loss.
Revival of old mines has a high casualty rate in my perception and this includes Norseman, which destroyed my investment in Croesus Mining many moons ago. From googling:

"Croesus Mining bought the Norseman gold mine in Western Australia in 2002, but went into administration in 2006.

Croesus Mining and the Norseman mine
  • Croesus Mining NL was based in Kalgoorlie.

  • The company announced a rights issue to raise funds for exploration and mine development at the Norseman gold operations.

  • Croesus Mining devised a short-term plan to return the Norseman gold mine to profitability.

  • The company collapsed in June 2006. "
Not Held
Click to expand...
Mining tech and exploration have come a long way since 2006 though, they can re-run old tailings these days and scavenge minerals.

Then you have to look at the price of gold in the current market and it's still rising, makes a lot of the smaller outfits more profitable.



1739326570117.png
 
Agree with those comments on the differences btw now and the past.

It's a plus that they have a mining engineer in charge although I just checked and he's been there for 14 years! Through all the dilution and loss making. Also his thumbnail bio on CommSec is extremely vague. Come to think of it, I don't like him as a snapshot.

I'll look further into what they're actually doing that's new at some time. My comments are just historically based.

I maintain my criticism of the extent of dilution. That practice just sacrifices early investors while the business and management plow forward undamaged. It's like Putin's use of his troops. Managements typically buffer themselves with more free options, or worse, performance shares.

Not Held
 

Similar threads

System
GHM - Golden Horse Minerals
Replies
6
Views
1K
Dona Ferentes
Dona Ferentes
System
KNI - Kuniko Limited
Replies
11
Views
3K
Faramir
Faramir
System
TUL - Tulla Resources
3 4 5
Replies
87
Views
15K
noirua
noirua
System
TMB - Tambourah Metals
Replies
2
Views
2K
Dona Ferentes
Dona Ferentes
System
SAS - Sky and Space Company
2 3
Replies
53
Views
16K
greggles
greggles
Top