Buyers starting to put in the leg work to build a base for a rally

Potential Buy Entry Alert to Watch PAN

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $239.85 Million Market Cap, VWAP 0.485, ASX Ranking 511, 4 Week Av Turnover $149,568, Current Turnover (Intraday as at time of alert) $77,365.

Company Overview : Panoramic Resources Limited (PAN) is a mining company and production company focusing on two underground nickel sulphide mines, Savannah and Lanfranchi Project, in Western Australia. PAN also holds development project focusing on gold and platinum group metals (PGM).

Broker Consensus : BUY


PAN – Panoramic Resources Limited

Pan is a small trader so a more aggressive buy. We see PAN showing early signs that is is heading out of long term contraction as buyers push price to 50 cents. We expect the lows around 0.35 to hold and for action to build a higher low which will bring in further buyers. If this plays out we expect the rally to heat up and push through 0.70.

Stock Code : PAN – Panoramic Resourecs Limited

Company Website : www.panoramicresources.com

Current Price : 0.485

Status : On watch for potential higher low and move through 6.00