Crisis Deepens for Panoramic Resources
Crisis Deepens for Panoramic Resources
The prospects for Panoramic Resources (ASX:PAN) and its beleaguered Savannah nickel, copper, gold mine have taken a significant hit with the recent appointment of receivers, adding to the company's existing challenges following the earlier appointment of administrators.
由於最近任命了接管人，Panoramic Resources（澳大利亞證券交易所股票代碼：PAN）及其陷入困境的薩凡納鎳、銅、金礦的前景受到重大打擊，這加劇了該公司繼早些時候任命管理人員後面臨的挑戰。
Receiver managers were appointed late last week, exacerbating the already precarious situation. Typically, the appointment of receiver managers supersedes the role of administrators as they are court-appointed at the behest of a creditor, while administrators are appointed by the company itself.
上週晚些時候任命了接管人經理，這加劇了本已不穩定的局面。通常，收款人經理的任命取代了管理人的角色，因爲他們是由法院根據債權人的要求任命的，而管理人則由公司本身任命。
Receivers assume control of a company's affairs with the primary objective of assessing its financial standing and exploring options for salvage, sale, or liquidation. Their duty lies in representing the interests of creditors, aiming to maximize the recovery of debts owed to them. Shareholders typically hold the lowest priority in this process.
收款人控制公司事務，其主要目標是評估其財務狀況並探索挽救、出售或清算的選擇。他們的職責在於代表債權人的利益，旨在最大限度地收回所欠債務。在此過程中，股東的優先權通常最低。
In contrast, administrators act in the interest of shareholders and subsequently creditors. Their role involves securing necessary funds to sustain operations, as well as restructuring and recapitalizing the business.
相比之下，管理人的行爲是爲了股東的利益，隨後也是爲了債權人的利益。他們的職責包括確保必要的資金以維持運營，以及對業務進行重組和資本重組。
Panoramic Resources had $27.3 million in cash reserves as of December 31, which the receivers, or the secured creditor, seek to secure if possible.
截至12月31日，Panoramic Resources擁有2730萬美元的現金儲備，如果可能的話，收款人或有擔保債權人尋求擔保。
The crux of the ongoing dispute between administrators and receivers revolves around control of the cash reserves in Panoramic's bank account.
管理人和收款人之間持續爭議的癥結在於對Panoramic銀行賬戶中現金儲備的控制。
In a statement issued to the ASX on Monday morning, FTI, the administrators, disclosed the appointment of Thomas Birch and Jeremy Nipps of Cor Cordis as Receivers and Managers. This appointment, made on March 7, 2024, was at the behest of Trafigura Pte Ltd, a major commodity trader, based on a specific security deed dating back to April 3, 2021.
在週一上午向澳大利亞證券交易所發表的一份聲明中，管理人員FTI披露了Cor Cordis的托馬斯·伯奇和傑里米·尼普斯被任命爲接管人和經理。這項任命是應主要大宗商品交易商特拉菲古拉私人有限公司的要求於2024年3月7日作出的，其基礎是可追溯到2021年4月3日的具體擔保契約。
The scope of the Receivers' authority, including the property under their purview, remains under discussion between the administrators and the receivers, with a particular divergence of opinion regarding Panoramic's cash reserves.
管理人和收款人仍在討論收款人的權限範圍，包括其職權範圍內的財產，對Panoramic的現金儲備尤其存在意見分歧。
The administrators emphasize the urgency of resolving this matter in the best interests of Panoramic and its creditors, including Trafigura, especially in light of the ongoing efforts to sell or recapitalize the business, a strategy being pursued in tandem with Treadstone Resource Partners.
管理人員強調，爲了Panoramic及其債權人（包括Trafigura）的最大利益，迫切需要解決此事，特別是鑑於正在努力出售或進行資本重組，該戰略是與Treadstone Resource Partners共同推行的。
Trafigura, Panoramic's "offtake partner," has been purchasing nickel and other products from the company. According to Panoramic's December quarter report, revenue from Trafigura totaled US$18.1 million, with payments inclusive of all metals contained in the concentrate.
Panoramic的 “承購合作伙伴” Trafigura一直在從該公司購買鎳和其他產品。根據Panoramic的12月季度報告，來自Trafigura的總收入爲1,810萬美元，付款包括精礦中所含的所有金屬。
The report also disclosed Panoramic's repayment activities, indicating two scheduled debt repayments totaling US$1.10 million during the quarter, and a total drawn debt of US$36.5 million as of December 31, 2023.
該報告還披露了Panoramic的還款活動，顯示該季度有兩次定期債務償還總額爲110萬美元，截至2023年12月31日，提取債務總額爲3,650萬美元。
With the appointment of receivers, Panoramic's future remains uncertain, as stakeholders await further developments in this evolving situation.
隨着接管人的任命，Panoramic的未來仍不確定，因爲利益相關者正在等待這種不斷變化的形勢的進一步發展。
譯文內容由第三人軟體翻譯。