Zeta trashes IGO's Panoramic vision

PETER Sullivan-chaired ASX-listed, Bermuda-based investment vehicle, Zeta Resources, has slammed Independence Group’s hostile and highly conditional A$312 million scrip bid for nickel producer Panoramic Resources as “opportunistic”, taking advantage of short-term issues.

Zeta trashes IGO's Panoramic vision Zeta trashes IGO's Panoramic vision Zeta trashes IGO's Panoramic vision Zeta trashes IGO's Panoramic vision Zeta trashes IGO's Panoramic vision

IGO wants Panoramic's assets.

Zeta has backed the miner since 2013, through multiple capital raisings and a crash in the nickel price that saw Panoramic's mines placed on care and maintenance, and more recently a plan to restart