Panoramic Resources Limited (AU:PAN) has released an update.
The Federal Court has ruled in favor of the Administrators of Panoramic Resources Limited, resolving a dispute over whether certain funds were part of the secured property under Receivers’ control. The decision paves the way for the Administrators and Receivers to continue their joint efforts to sell or recapitalize the struggling company. This positive development offers a glimmer of hope for Panoramic’s financial recovery and future.
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