Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Where’s it gone, in essence made nothing which doesn’t ring true to statements.
Another strong H1 update, “continue to pay one of the highest dividends in the sector”
Looks OK op update, hopefully stop the decline in share price
Time 2 buy is now 3 month low
If it was easy we would all be millionaires. Sounds like the stock market is not for you!
Suggest to me that this is looking a v attractive share at this price. Debt free, good cashflow, 12.4% divi. Mine lives of 10 and 15 years mean there is no rush for another deal unless its attractive, Director buying in Apr/May suggests confidence.
Only downsides are jurisdictional and commodity price risks, a given in the sector but not to be ignored. Whilst we mushrooms never know what may be going on in the background, negative chatter and talk of placings seems misplaced to me.
Buybacks make total sense right now.
Think they need to think about this, good use of funds at these levels. We can buyback up to 10% without shareholder approval
Surprised anyone even bites, his game is obvious.....Yawn
He's doing the same on SQZ and no doubt many others - confirmed de-ramper
Perhaps Central Aisa is about to do a deal with Bezant?
Ignore TerryMC1. Posting negatively on multiple companies on here. Shorting.
With commodities low and interest rates high, we can pick up bargains. No need for equity or finance. $60m is not a lot when it comes to buying a mine in ordinary times, but these are not ordinary times. Investing in suspended mine or early phase project with our existing cash pile would be very lucrative long term.
If you looking to turn a quick buck, this company is not for you. If you want a stable, long term dividend payer, it is perfect.
Terry, your decamping is quite pathetic. There's no rush to invest in other mines as the current assets have many years left. They'll take the right opportunity at the right time. In the meantime we keep generating huge amounts of cash. If you want to invest elsewhere nobody will stop you. But I am certainly filtering your comments from now on
The Kazakh Prime Minister, Alikhan Smailov, also signed bilateral agreements with Azerbaijan and Georgia to increase connectivity and trade, including increasing flight frequencies and capacity at the Batumi oil terminal.
(yes to buyback from me at these levels)
I should say that is instead of over paying for new business
That would be mighty fine at this level, capital return? Maybe not so keen on that
Perfectly happy if they run down the life of the mines and the shareholder bonanza that would follow over the next 15 years.
I think all commodities are ultimately going higher irrespective of recession and demand control. the supply of all is pretty poor and demand is expected to shoot again irrespective in many cases whether interest rates are high or not.
i.e. whether we like it or not. gas prices might be down but that's not supply that's some demand loss and good weather. people need gas, price will go back up unless weather continues to be favorable for a long long time. we are going to see gas, copper, etc etc go up more and more
Looks like demand is poised to surge along with prices...and profits :-)
Warns of a Copper ‘Train Wreck’ as Supply Stalls
Ivanhoe founder says he fears copper prices could jump tenfold
Copper is poised to follow other commodities upended by recent price surges as the mining industry struggles to expand ahead of accelerating demand, warns the man behind some of the world’s biggest mines.
Demand for critical raw materials is set to jump as nations mandate clean energy and transport while clambering to develop their own supply chains. But a combination of factors suggests supply won’t keep pace,
https://www.bloomberg.com/news/articles/2023-06-26/billionaire-miner-friedland-warns-of-copper-train-wreck-as-supply-stalls?leadSource=uverify%20wall
All. Each to their own but Terry MC1 by his own admission is a shorter. From 26 May (12:08):
'Hi newkotb, enquest delivered their net debt numbers which showed a tiny improvement. That’s cashflow as you know so it wasn’t just ops. Basically it looks like an avoid now unless oil rockets. You confident Sqz will build a lot of cash ahead here? Always enjoy your posts, and yes I’m mostly negative or short stocks'
Nothing wrong with this approach but of course worth baring in mind Terry's agenda and likely position when reading his posts. A quick read of Terry's posts today will show a fairly obvious pattern.
Why so negative now terry when CAML is aproaching lows. Are you a serial deramper and shorter? Holding despite losses withthe faith in the management. World going continue turning and need for resources.
Comon Terry
why on earth funding required? £60m cash
Why on earth funding required? when they have around £60m cash