Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Just goes to show how twitchy she is right now - lots of eyes, and money, on this ...
If a company valued at £24m cap signs the biggest commercial deal in Malawi in over 10 years, when 75% or more of that companies market cap is currently covered by the face value, no forward looking valuation of HyProMag / Maginito then one wonders how many multiples it will add to the SP
Is it just a coincidence that both sides have now said there are just a couple points to sort??
Cotec almost at a 1 year high. Confidence growing.
Re Facebook group and social media dialogue - I remember back in January - March multiple noises saying the MDA was as good as signed and then suddenly changes of laws and radio silence. I do think it's positive to see, but I am hugely sceptical of anything other than and RNS from Mkango or a press release from the ministry of mining stipulating it's actually signed. "Vry Soon" was said in March ~ 5 months ago, so now they say it again I'm a little more cautious to believe them. Would love to be pleasantly surprised next week though
It's the Malawi Government Ministry of Minings own page and their own comments
How trustworthy is the Facebook group? In my experience these closed groups act like echo chambers of impatient PIs.
But the vibes coming from the recent presentation are certainly very positive.
I've taken that as read and you'd imagine it won't be below the CEO's £100k @ c13p.
Going off the Webinar I'd suggest that there's more than a sniff of fiance attached.... Biggest commercial investment in Malawi in the last decade
The dialogue coming from MOM Facebook page suggest the same as the presentation... this is imminent (like 1 or 2 weeks imminent) and still no change to the share price. When this lands, if there is a sniff of finance attached, surely it takes off like a scalded cat??
This page gives a bit of info on near term pipeline and grant funded projects probably well known to existing holders but nonetheless worth a look🧐 nice bit of insight.
https://maginito.com/
Obviously have noted the increase by publishing the RNS on their website:-
https://www.cotec.ca/news/maginito-completes-acquisition-of-pioneering-rare-earth-magnet-recycler-hypromag-
Making the right noises about the MDA on FB... though they have done that before ..
'Ministry of Mining Malawi
Last Strawo Be assured that very soon the MDA will be signed. We didn't want to rush because we wanted to reach a win-win situation. This is our stand as government with all Mining Companies in the country. This time around we want the members of the community and the country as the whole to also benefit from their Godly given resources.'
An MDA will 😂or US news which could now come anytime
Not sure anything can move the bid.
Excellent! Looks like things can happen in August. Fingers crossed that's the first of a few more RNSs this month!
That's one big piece in place next for the biggest
Morning.
That's another box ticked at least.
Let’s bloody hope so. Painful wait here.
Should release the brakes
That's better 100% owned now probably what cotec was waiting for so we owned hypromag outright
Nothing happens in August
I suspect it'll drop in a month or so - happy hour SP before then I guess/hope.
I'm still highly confident everything will come off here... just wish they would get the party started! I've got some more dosh on the table ready to shove in if it drops another penny... so, for now... not too bothered if it wanders a little more... surely news by the end of next week??
Having said that the full ownership of HyproMag news and the follow-on newsflow that will unlock is now overdue...They give out builders estimates when comes to timelines here :)