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Panoramic will use proceeds from a rights issue to fund mining of the Savannah North orebody.

Panoramic rejects IGO $312m takeover bid

Panoramic Resources has formally rejected the takeover bid from Independence Group and confirmed it is seeking to raise $31 million to fund its operations, including the underperforming Savannah nickel mine.

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Share Price

Closing price for the last 90 trading days
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Top 10 Shareholders

Substantial shareholders as published in the annual report.
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Total Shareholder Return as at 31/01/20

1 year TSR5 year TSR
565thOtto Energy-23%-8%
590thBuru Energy-28%-14%
725thPanoramic Resources-50%-10%
814thAustralis Oil & Gas-74%
677 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

30/09/19
$18k Issued
10/08/18
$0 Other
10/08/18
$0 Bought
Total value as at the date of the transaction
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Revenue

37th↑Buru Energy$56.2m
38th↑MZI Resources$54.2m
39th↑Panoramic Resources$51.9m
40th↑Otto Energy$49.1m
41st↑Australis Oil & Gas$47.8m
484 listed resources companies ranked by revenue.
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