Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Unfortunately , Paul, I bought 250,000 shares at a cost of £13075. They're presently worth £5000 so a lot of catching up to do. Should I ever get my dosh back, I will never, ever, invest in a concern that has Mellon involved. He's involved in Webis as well and that's on its way down the swanney. Someone also mentioned he's involved in a gold mine too, also gone walkabout. Ah well, we all live and learn, sometimes the hard way !!
I became a little concerned when Charles FitzRoy left the team in August, only shortly before that he had been saying how great a resource BHL had, if it was all looking so good why did he move on.
Jockrock
I must agree, thankfully I only have £1.7k tied to this, my intention was to open this small position, monitor the stock and increase my holding substantially when I could see a clear path to production. Unless something changes I will probably exit next year.
Paul --- bought this dog share at 5.2p on the advice of a multitude of brokers , mainly because Mellon was involved. I'm 62% down. Not a happy chappy to say the least . Hopefully it will get back to what I paid next year . I will then dispose of them. Can't see any future in this.
While I hope you are correct, I cannot see any huge upside in the short to medium term.
Lots of jam in the cupboard for tomorrow.
Again I raise the question, how big a resource do BHL require before moving at pace towards construction?
Currently I'm just looking at a stock that not long ago was 13p+, and is now around 2p. Thats 85% and change down, and in that time at least one key figure in the has moved on to fresh fields for no really tangible reason.
On these grades and size of resource the share price should be many multiples of this level. God huge upside. The company has cash, is in a great country. Little downside risk now. More royalties to come and as it seems more upgrades in resource size. These are a real gem. The best company out there for huge gains. Strong buy from me.
Interesting BHL twitter feed yesterday.
Report on oil companies using their rigs to drill for brine, then the updated October presentation showing Wilson and Eureka drilling in Q1 2024.
JV on cards? Would be good to get that off the ground or they’ll never get drilled without a substantial raise.
Inferred Mineral Resource, for an updated total LCE content of 1.0 Mt and and an increase in grades? This company can do not wrong. More royalties coming in and more resources are found.
This is a hidden gem of a share. Massive upside
The ithium hydroxide, that can be extracted is very desirable by Battery Producers. A lot of it comes from Australia. That they got in the USA is good. Closer to market. Australia has been a leader producer of Spodumene, up to now. He mineral it is produced from is important. Better than from Brine or Clays. Processing is easier and cheaper. The knowledge that this is Spodumene rich is excellent news.
Spodumene-rich pegmatite is how you want to find it.
'Our knowledge of this intriguing spodumene-rich pegmatite district grows...',
Translation- we didn't find much! Well, that's my interpretation. Now, I invite a geologist resident from our board to interpret the results more eloquently. Thanks in advance.
Yet another of Mellon's investments going walkabout.
Mr. Market sadly unimpressed. This is the slowest of slow burners. More patience required.
The question should be, 'how big does this resource need to get before it moves towards extraction?'
More good news. How big does this resource need to get before the herd realise?????
Maybe this is little off topic. Could anyone explain why some shares that I recently bought in Bradda Head Lithium would be listed on the LSE share dealings page as a sale? Could the sale indicate that they were bought from a money maker (who sold the shares)?
“Hi All, I just released my review of the interim results for Bradda Head Lithium (#BHL). In this video I look at the current status of the 2 main projects as well as a deep dive into the financials of, what appears in the face of it, rather a costly business, albeit full of opportunity. Please share if you like… https://youtu.be/CIJtn8S4S3Q “
Thanks for this. Personally, I feel really positive about Bradda Lithium. It’s taking a while but it’s going to be worth it. Operating in a business friendly country such as the U.S. makes it even more attractive, particularly when you consider the corruption, politics, military conflicts and human rights violations that seem to plague other businesses in the mining or oil sectors.
Hi All, I just released my review of the interim results for Bradda Head Lithium (#BHL). In this video I look at the current status of the 2 main projects as well as a deep dive into the financials of, what appears in the face of it, rather a costly business, albeit full of opportunity. Please share if you like… https://youtu.be/CIJtn8S4S3Q
Agreed EarEyeAm
yesterdays RNS highlights what you say.
cash and cash equivalents $2.9m with $2.5m royalty payment received is nearly 50% of the current Market cap. That values San Domingo, all of Basin and the other project at $6.6 m
cheap as chips
adding when I can ;)
chute
That’s a typo. Sb 2,930,730
Wow
Where did the US$ 42,930,730 come from???
(g) Liquidity and Capital Resources
As at August 31, 2023, the Company had cash and cash equivalents (including short term cash deposits) of US$ 42,930,730, and a working capital surplus of US$ 2,619,378. As of February 28, 2023, the Company had cash and cash equivalents of US$ 7,746,519, and a working capital surplus of US$ 7,135,119.
Post period end on 28 September 2023, the Company announced an updated Mineral Resource Estimate ("MRE") at the Company's Basin Project, Arizona. As per the Gross Overriding Royalty Agreement with the Lithium Royalty Company ("LRC"), this new contained LCE Tonnage, which was well over the contracted threshold of 1 million tonnes LCE, enabled the Company to trigger the payment of US$2.5 million from LRC, which was received by the Company in October 2023.
Hold hold hold
Until the price goes up significantly it's just a buying opportunity and I'll keep on accumulating. It obviously won't be this low price forever, it has great projects and no cash concerns, so get em while you can I say.
Hold tight, like other Lithium plays, Bradda will go on a big run, as the story unfolds.