SMY

Panoramic Resources (PAN)

Stock Code

PAN

Stock Exchange

ax

Panoramic Resources (PAN) is a mineral explorer and producer. It is engaged in the exploration and exploitation of copper and cobalt, with a core focus on nickel sulphide. The Company operates two underground mines, the wholly owned Savannah Project in the Kimberley region, and 75% owned Lanfranchi Mine situated 42 kilometers south of Kambalda. Panoramic Resources listed on the Australian Stock Exchange on 14th of September, 2001 and to date it employs circa 600 staff. The total nickel production of the Company during the fiscal year ended June 30, 2008 amounted to 15,000 tons of nickel.

Babcock & Brown Power (BBP): Worst Performer for Week 21 of 2008


Babcock & Brown Power (BBP) was the overall worst performing stock taking in a 41.58 percent decrease. It was a mixture of funds and asset management, financial services, property investment, power, and nickel sulphide production companies who were among the worst performing stocks for the week 21 of 2008 on the Australian sharemarket: Babcock & Brown (BNB), Macquarie Group (MQG), Valad Property (VPG), Babcock & Brown Power (BBP), Sally Malay (SMY). The worst performing stocks for the week 21 recorded losses above 10.95 percent by the end of the trading week.

AED Oil: Winner for Week 7 of 2008


Among the best performing stocks for the week 7 of 2008 on the Australian sharemarket were a mixture of mining, oil & gas and real estate: Paladin Energy (PDN), Alumina (AWC), Woodside Petroleum (WPL), Australian Energy Development Oil (AED), Tishman Speyer (TSO). These best performing stocks for week 7 of 2008 managed gains above 11 percent by the end of the trading week. Energy services companies were dominating both the ASX 100 index and the ASX 200 index for the best performing stock list.

AED Oil: The Worst Performer for Week 47 of 2007


AED Oil was the overall worst performing stock taking in a 20.8 percent decrease. Among the worst performing stocks for the week 47 of 2007 of the Australian sharemarket were a mixture of asset management, energy, financial services, oil, metals and mining: Babcock & Brown (BNB), Paladin Energy (PDN), Challenger FSG (CGF), AED Oil (AED), Perilya (PEM), Sally Malay (SMY). These worst performing stocks for the week 47 managed losses above 9.7 by the end of the trading week.

Best Performing Australian Companies for the Week 45 of 2007


Jubilee Mines (JBL) was the overall best performing Australian company taking in a 37.7 percent increase of its stock price this week. Among the best performing stocks for the week 45 of 2007 on the Australian sharemarket were a mixture of mining and retail: Harvey Norman (HVN), Paladin Energy (PDN), Oxiana (OXR), Jubilee Mines (JBM), Independence Group (IGO), Sally Malay (SMY). These best performing stocks for week 45 of 2007 recorded gains above 7.9 percent by the end of the trading week.

Sino Gold (SGX): Winner


Sino Gold (SGX) was the overall best performing stock taking in a 20.67 percent increase. Among the best performing companies for the past week (week 38 of 2007) on the Australian sharemarket were a mixture of oil & gas, metal and mining: Newcrest (NCM), Lihir Gold (LHG), Oil Search (OSH), Sino Gold (SGX), Sally Malay (SMY), Western Areas (WSA). All the above best performing stocks for week 38 managed more than 13.5 percent gain by the end of the trading week. The majority of companies in this list were mining companies.

Australian Nickel Sector Update


Market analyst Macquarie Research Equities have released an Australian nickel sector update: Swiss-based mining powerhouse Xstrata PLC said on Monday it had successfully negotiated a cash bid to buy LionOre Mining in a merger value at C$4.6 billion (AUD$4.9 billion). The proposed deal would further consolidate Xstrata's position in the nickel sector following last year's Falconbridge acquisition, placing it close to the world's third-largest nickel producer. In terms of assessing the potential likelihood of a bid for one of the Australian nickel plays in light of this deal, the market analyst believes two key points must be borne in mind:
(1) There are clear vertical integration synergies between LionOre's mining portfolio and Xstrata's downstream processing facilities; and
(2) By virtue of its production base and reserve/resource size), LionOre presents a meaningful acquisition for a major global nickel producer such as Xstrata.

The analyst believes the two most likely Australian nickel takeover candidates in the short-term are Jubilee (JBM) (effectively uncontracted concentrate and strong growth profile) and Sally Malay (SMY) (strong growth profile and only partially exposed to BHP concentrator off take agreements). The analyst has put an Outperform recommendation for JBM with a 12 month price target of $17.50 pr share. Jubilee Mines is the only major nickel concentrate producer with uncontracted concentrate stream in the medium and longer term (current off take deal with CVRDInco expires in October 2007). Plus, JBM's Cosmos mine produces one of the world's best nickel concentrates that is ideal for blending with lower quality concentrates. The analyst highlights that JBM’s high operating margins, healthy dividend yield and first class exploration track record set it apart from the other producers. While trading multiples remain stretched, this valuation differential is quickly closed with the anticipated discovery of a further 50 thousand plus tonnes of high-grade nickel deposits.

Sally Malay (SMY): Best Performing Company of the Week


Sally Malay (SMY) was the best performing company of the week (Week 48 of 2006) on the Australian sharemarket (Winner of the week). The SMY share price closed the week 20 percent higher after a good AGM. Sally Malay Mining is a nickel sulphide producer from Western Australia.

Syndicate content