Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Also need to remember there's no debt to service and pay down this year in comparison to 2022 accounts....
This company is as cheap as you'll find in the mining sector and they have an excellent operational record. Then there's the mobilisation of the growing cash position. Some low hanging fruit available pre metals move on Green Revolution so I'm looking forward to then growing their reserves/resource base.
Mr fibles, true but even at the current prices and taking the lowest end of the production guidance for 2023, we'd still turn over $200 million. Margins will still be very high, considering also the lower energy cost compared to 2022. FCF still huge and a significant chunk will be returned to shareholders. I am happy to wait, accumulate if it stays below £2 and pocket my fat dividends
Plus no debt, all about what next and they want to go close to home I think
If you look at H1 basket price for caml it's on par with H2 last year. Given the company reports twice a year it's important to look at metal prices on a much wider arc than daily movements.
*data not day
Yes, it's at a key pivot and it would take a brave person to be short with non farm payroll tomorrow.... especially given better days out of China following a Covid spike. Outlook for metals is suddenly looking better
The Zinc price has absolutely tanked in the last month. Only Lead holding up high.
From a TA perspective it seems like we have bottomed out yesterday. I topped up this morning and expect us to be soon above 200 again. Way oversold.
And if it doesn't bounce I'll be accumulating at these silly prices, I am not worried.
Ramping .lol .,as opposite to your obvious game of continually posting negativity ..ie deramping
I agree and did you see the gov has refused to only tie up with Russia and Belarus. Strong buy here just a question of falling knife and when? Bought some other day, now holding as they are pretty much lowest cost producer
I'm afraid to say, I will have to add if we drop today. These are rare opportunities indeed, you cannot beat contrarian trades :-)
Lets not forget we produce copper @ $1300 per ton. Copper currently at ~$8000. Food for thought
Absolutely 24 onwards, I think we have a big dip at some point first
The negative sentiment here is surprising. Lowest cost producer, fantastic dividend, cash pile growing, growth through acquisitions. With war, debt and growth narratives being parroted in the mainstream the market is fearful of a black swan. Fantastic time to buy quality companies for a come back in 2024 as economies rebound.
When you turn off the global economy and inflate like there's no tomorrow for years, it takes more than a couple of years to get the motor restarted as you purge the system of excess liquidity.
Would not be surprised to see markets and caml specifically returning to ATH in 24.
The all time high share price for CAML came on the perceived potential of the SASA deal. Finding another Kounrad was never going to happen, but although it diversified the portfolio, the acquisition of SASA has been a disappointment.
Looking forward longer term, we have a very bright future. Problem is most traders struggle to see beyond the next month or so. When i say ~£2.30 that is against todays prices. I too expect the SP to be a lot highter.
Short term headwind is the US dollar and China performance. Dollar should start to unwind a little once the US debt ceiling is resolved. China growth will only slow so much before authorities look to stimulus
Money is leaving the market due the potential US debt default on June 1st. When republicans and democrats agree to raise the debt ceiling then the uncertainty in the market should be eased. Copper and Zinc inventories are low and China is opening up, things will start moving again soon.
"Look at CU / Zinc prices 5yrs out Vs CAML SP."
Personally, I find that copper/zinc price forecasts are lousy, even 1m out, let alone 5y... IF they're good, I can see CAML much higher than £2.30, but who knows!
Look at CU / Zinc prices 5yrs out Vs CAML SP. That will give you a broad indication of where the SP should be, ie ~£2.30 (and now we are dept free). Not rocket science
If copper drops they’ll buy something else for far less. Can’t have it both ways, cheaper and less demand creates buying op. We have one of the lowest cost producers in the business so I’m holding
Interesting all bulls been out copper wise wild predictions on this EV green energy, but demands not there world slow down, who knows, personally Neen ride this slow down out, I'm sure in time copper will take off as green energy demand comes but 4 now not looking good, lot uncertainty in world at moment, be carefull
Zinc 52 week low,
Cash pile be used 4 acquisition no real dilution
Lot good money been pulled out of this, 4see world slow down, just not demand there, unless China US stimulas plan, things can change quick but 4 now most commodities plunging along with many mining company's,
Thanks Dartron. Yes, learned the hard way the difference between having the shares showing in my account and being registered. Was aware of the meaning of ex-div, but not the time delay in the system.
Highland Mat, Shares normally take T+2 days to settle, until you are recorded on the title. (Trade date plus 2). So you need to own shares prior to the ex dividend date, (usually a Wednesday), so that in 2 days time (usually a Friday) you are the record holder to receive the dividend on the record date. Buying them on the Wednesday means that you are on the title from the next Monday (T+2).
Easy way to remember: Ex girlfriend, you have no girlfriend. Ex dividend you have no dividend.