Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Folks,
Any ideas why this is going in the wrong direction, is there news that I am not ware off. Or is this a reflection on the appointment of the new CEO. Is this SXX mk2?
Any way, hope you have a good weekend.
The Inpatient selling I guess only wish I had some spear cash but all tied up atm gla
This is nothing like SXX. Couldn't be more different.
SXX suffered from not only trying to finance a multi-billion pound mine but also trying to prove an unproven product to a market accustomed to potash, SOP and MOP, and there is a big difference between proving a resource to JORC Vs proving up a potentially market disruptive unknown product in the form of Polyhalite that is totally unknown to the industry at large outside of what an early 19th century chemist said of it. (his name alludes me).
So in EML we have a very low industry CAPEX, we have a market proven product and we need hundreds of millions for finance as opposed to thousands of millions. So no, this is not SSX mk2 in my humble opinion and I lost a third of my capitol on SXX.
I fell for sentiment and blind faith in what others said (namely me ole good step dad, bless him) so lesson learnt. All that said if Chris Fraser had been appointed CEO here I would have run for the hills with a 50% profit. As is I am long and strong with a mere 25k shares (# not value) that could very much change my life in a couple years.
Heck I would be all over this sub 5p dip but alas. Zero hour min wage furloughed worker and all dat jazz and I have already quadrupled my holding during lockdown. And FYI pub lovers, I was called by my work tomorrow to be told at short notice that I have training 9 till 1 tomorrow so rest assured Britain, Greene King Pubs will be open from the 6th.
Look at as a great opportunity to top up ....I'm about all in with just over 1 million shares at average of 5.16 ... not worried at all about the loss showing at moment ...looking to add more on monday if stays same or drops more
Ohmni - Good post. I do not blame ex SXX holders for having a dig at our new CEO, why not? SXX was a disaster area. A couple of "BUTS" though, firstly as Ohmni has said these are two totally different animals and secondly, turn things on their head and would our new CEO want to preside of another disaster? Of course not. In fact he'll be even more determined to rescue what damage has been done to his reputation so arguably this is a very sound appointment.
Add to that (i'v said this before), this has been Hayden's baby and he's still on the board. It's him who will oversee finance and i'm sure will be keeping a close eye on things post finance. So does this appointment worry me? No of course not. Also, day to day sp movements are of no interest to me. I'm more interested in financing arrangements and construction. These are the news which will rerate us. Have a good weekend.
What matters here is the finance. But as an ex-SXX investor I am painfully aware that increases in the CAPEX costs are not taken well. As I have said before I hope the new CEO has learned the lessons from SXX and manages to lower costs, not the reverse.
I must be one of the lucky few to have gotten out of SXX with a nice profit, well before all the finance troubles. Its easy to get caught up in a story and I was one of many early believers but something in the back of my mind was nagging me that a lot could go wrong with such a massive complex engineering construction and there were no guarantees but plenty hope and (mostly well meaning) hype. So I cashed out.
One of the few good decisions in my investing career.
Havent been here as long as I was in SXX but I feel more comfortable in this much more simple project and the very good chance of financing coming through soon, which will give the sp a big lift and im sure the new CEO will have already been made aware of exactly whats required here.
Its ridicilous to be thinking this is SXX mk 2..its a completely different animal.
GLA
Hope it stays down at these levels for a bit longer so i can sort out some more cash to buy more. Good opportunity to top up.
Hi Folks,
My reference to SXX mk2 was a fear of the share price being driven / held down and the big boys make a buy out / take over.
Im sure theres a lot of understandable fear/worry from those who lost a lot of money in SXX but I think its misplaced as far as EML. The only (small) worry for me is the financing. Once that comes through it should be plain sailing and with Hayden Locke in charge of that, with a big personal stake, there shouldnt be anything to worry about.
GLA
@Bloodshot; That could always happen mate, with any share. It recently happened to me at Bluerock Diamonds. Now that was a shafting. I still have the possibility of wiping my nose on that one if there's a 500% raise in sp. Another fund raise there will probably do me in on that one. Anyway, on your first point, the possibility of a shady take-over, on the face of it here, seems unlikely. (But that can never be ruled out!) Secondly, the share price isn't being depressed artificially. The volumes of trade just aren't there to justify any particular large movements up or down. The rise from 2.5p to 6p was fuelled by over 400-600 trades a day. Trades dried up at over 6p and profits are being taken/protected or the over cautious are selling and nursing actual losses. This will rise and probably on no news. Weird as that sounds. They'll be hundreds, if not thousands waiting for the flares to go up and they'll be on this like piranha on a carcass.
Once the financing is done I can see 10p-12p comfortably, and that’s probably very conservative. And of course much higher again on permits.
So that’s the appeal of buying in at this point - little risk because nothing is priced in, and very good upside at each stage along the way.
Probably because I'm quite heavily invested in this one and I tend to send previously green shares red... ha