Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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My other 90% is 10% crypto (BTC & ETH), 10% Australian equities, 10% international equities & 60% cash - I believe markets are overvalued at the moment thus my weighting to cash - this pains me as I hate getting an effective negative return but I do think I will profit from this strategy - in the interim I will use the cash to make casino style bets on the market, my recent one has proved profitable whether my future ones will be likewise remains to be seen :)
To explain I do not consider mining companies to be gold holdings, my 10% is made up of 50 oz of physical bullion which I treat as our national reserve, I have another 100 oz through a listed ETF called PMGOLD, it is the best paper gold I have come across & I want the ability to trade despite my long term insurance plan - it is nice to be able to get a return from your insurance :)
I invest purely from the requirements of myself, my wife & of course the Lady Spoonington Woofalot which gives me a huge advantage over big funds, I will always use that advantage just as they will use theirs - no point in crying over the state of the world we have created, we know the rules, the trick is to gain benefit from them & primarily make sure that you doggie enjoys a lavish lifestyle :)
I remain confident that inflation rapid rise will fall back, I've been saying this for ages - many predicted the fed would be less hawkish as recent inflation data markets showed topping in the USA and this remains the case- the markets reacted to the fed stating they would continue to whack inflation hence the drop in markets and gold in general. Had they not done this, markets would have risen but dropped back later and harder out of fear with any negative future data- volatility is key and essential for markets- the trend is indeed the friend which has been one way in history- unless you invest in 1 sector or even 1 share which is total madness. As is total madness is trying to guess drops- the long term is littered with doomsayers, missing out on superb gains- just look at the 30year plus trend and they've all lost- of course, like high risk stuff, crypto, gold miners etc these are fun to trade daily, weekly and monthly as a small % of overall portfolio
Spoonington you seem surprisingly wise, with 10% gold insurance. However the question is whether gold miners are insurance or the opposite, risky speculation, as costs seem to rise mid term faster than the price of gold as finding it becomes tougher, unlike base metals where dealing mostly depends on newly mined, so you may be protected by your gold while we lose with our miners, especially in falling sterling where the gold price fall is less while the gold price cost rises are more. Where is your other 90%?
To answer your question it has a huge impact on Centamin as it will be reflected in the price of gold which is the biggest influence on our share price.
Ignore the remonstrations of the gold bulls (e.g. maguire, schiff, etc), they are fuelled primarily by self interest, instead look at fundamentals.
I have done this & hold 10% of my investment portfolio in bullion, to me it is insurance, don’t like paying the premium in terms of forefone return but when the sh*t hits the fan I will be OK.
As usual just my opinion but having an insurance blacktop has always served me well :)
Couldnt agree more about the buring of Oil. Simply dont drive a petrol car (etc). Everyone can make this decision or in fact decisions now. If you look at the way people drive cars, it is quite ludicrous. So many cars with only one person in it, at least in Oz. Is this the most responsible driving? To drive 5-15 kms to work? and then go to the gym, for exercise? Why not combine the 2 and ride? So many simple things we could do, and yet we dont?
I think there is far better future in nuclear as a longterm base energy source, and am more optimisitic about being able to dispose any waste very easily in the not too distant future. The technology exists now. If we are concerned we can impliment now.
I recently met an outback station woner, who said he was not going to do any small burn offs, because of the CO2 emissions and impact in the atmosphere. So the plan was to let the dead eucalyptius leaves to lie around to a lightning strike? He was running 8,000 cattle on his property?
One of the issues we dont talk about is human population growth. Is there just too many? Why? What do we do? When? How? to hard?
Another we dont talk about is the cost of energy for developing countries. THe US Empire was developed on cheap energy
and so on and so forth. There are many things thta can be done , now.
I love the concept of AISC ot produce an ounce of gold, why dont we have this to produce a kwatt of energy...? etc
best
the gnome
Just wondering how this affects Centamin? Greater drought and Worse harvests in Egypt leads to more unrest, hits miners, or more world unrest leads to higher gold, which will win out and over what time frame, if in our grandchildren’s lifetime won’t Centamin have disappeared by then. So would love to know your views on how stagflation, mad gas prices etc will affect Cey, do you expect commodities and inflation to fall back as after the 70’s, and do you think. These may affect the share price more than long term warming that may or may nor be usual for the planet as you argue about?
3bear, like Gnome (I think, don’t want to speak for him) of course there is concern about the long term effect of a lot of impacts the human race has on this planet.
The problem is that the current policy direction seems to be based on popularism rather then rational examination which to me is a problem.
The human race used to burn people at the stake for suggesting that the Earth was not the centre of the universe or was not flat - how are those arguments regarded now with hindsight?
We are faced with numerous problems most of which are the result of our actions as a race, the solution to these problems lies in considered rational thought!
Just my two bobs worth so not overly important, I will no likely be dead before the real doom takes hold, in the interim I will continue to attempt to profit from the irrational behaviour of our race :)
https://seekingalpha.com/article/4474841-centamin-stock-potential-takeover-target-if-weakness-persists?source=acquisition_campaign_google&utm_source=google&utm_medium=cpc&utm_campaign=16160107180&utm_term=138882501091%5Edsa-
However, the company has announced two major goals that it's looking to deliver on, and they include the following:
2+ million ounces of additional mineral reserves added by 2024
Expanding Sukari Underground reserve life to 10+ years by 2024
Assuming the successful completion of these goals, we would see the mine life extended past 2037, making Sukari one of the longest-life assets globally. We'd also see an improvement in the production profile over the mine life, with Sukari Underground providing an outsized benefit to production due to its much higher grades (3.6 grams per tonne gold vs. 1.2 grams per tonne gold in open-pit reserves).
………..
Once Geodrill reports (provided the findings are positive) I expect a raft of positive news flow and analyst re ratings.
1485125208378%5E%5E581249221158%5E%5E%5Eg&internal_promotion=true&gclid=CjwKCAjwgaeYBhBAEiwAvMgp2oYQYkimh95J5DEhUG0xxfiEsftOn_3CaeKj-zEi9S4bWgGeT1UHOxoCZaIQAvD_BwE
The Centennial Issue Foreign Affairs September/October 2022
Volume 101 Number 1
The Age of Uncertainty
It was interesting reading as I went through it. Some of the contributions give an insight where things may unfold next.
Tony
Gnome you're a scientist - are you not worried about the long term effects of burning/consuming 15 billion litres of oil every day? We're on a unique spaceship gliding through the void with no life raft. It just seems a bit reckless to me?
Thanks Sotolo, everything was screaming to me that this would be the outcome but I have got used to my short bets turning the other way so was expecting the worst.
It must have been because yesterday was worldwide national doggie day & my nom de plume is my doggie’s name who I love very dearly - once again she has brought me good fortune & will surely share in the profits :)
No problems with knoking out the gas flairing, and I am a long term environmentalist.
I am also a long term scientist, and the level of scientific rigour in the climate change debate is substandard in the main stream mess.
best
the gnome
Thanks Cowichan
The Australians are very straight out about their views (that is until they turn into pollitcians), and known for it (and we wont mention Juian Assange, nor Rupert). I recently joined a comfortable board of Directors in a UK listed company, and apparently transformed what was a "tea and bickies" affair, to a very rowdy and unruly board, where there was plenty of "frank discussion". The SP of the company has moved up in unsion with the amount of debate in board meetings, and thats they way it should be?!
Aside, Cransfields comments on St Barbara are in line with mine. In fact I would go one firther and certainly not invest in St Barbaba!
The notion that a pre-revenue explorer, Genesis with a $400 million market capitalisation could seek merger equivalence with St Barbara would have seemed fanciful in July 2018, when the latter was one of Australia’s top five gold miners with a market capitalisation of more than $2.2 billion...now worth about $750m
But after peaking above $5 per share in July 2018, St Barbara shares had slumped to just 75¢ by June 30 following a tough period in which it issued $490 million worth of scrip to help fund what turned out to be a failed $768 million acquisition of Canada’s Atlantic Gold.
Permitting delays have rendered the Atlantic assets impotent and the unravelling of the acquisition has coincided with St Barbara making slower than expected progress on refurbishment of the Gwalia mine (no mean feet at the depths they mine !!! and explore at) and slow progress on a plan to expand its Simberi mine in Papua New Guinea (not the safest of jurisdictions and has a few issues in itself to be polite).
“Having done extensive DD [due diligence] on each other’s assets we can see operational synergies that can pair the right rocks with the right mills and the right skills with the right mines, to provide operational levers to de-risk assets to the benefit of shareholders and deferring or ultimately eliminating material capex [capital spending] in this hot inflationary environment. MARVELLOUS TURN OF WORDS, BUT ITS THE TURNS OF EARTH THAT ARE THE REAL MEASURE
“Consolidation not only makes sense, it is actually being demanded by our shareholders. Good grief, do they know what they wish for?
“We may have lit the fuse on consolidation in the region, but from my personal perspective, the timing or structure of such deals is less important than actually getting deals done.
“We have time and capital with over $100 million in our bank account. We will remain patient and disciplined on our overarching five-year strategy, which we are only four months into.” Very glad none of my money is involved in this strategy, or in either companies.
There are better bets
best
the gnome
And how is it enforsable in this World.
As you seem to know Andrew.
Perhaps you should ask if the USA will fully comply at the end of this year.
Basel 111 is vague , just guidelines for Banksters is it not.
I am interested.
Andrew Maguire highlights the possible implications of Russia’s plan to create its own international standard for the precious metals market by establishing a local LBMA-competing brand.
With global investors growing frustrated over the unnatural capping of the gold and silver prices, the London wholesaler provides further evidence of the COMEX’s broken pricing mechanism.
https://www.youtube.com/watch?v=XZp8XU8AkzM
Spoonington, sorry you are wrong, you opening a short on the S&P didn’t presage a rise, only for you to lose loads. Instead you were brave, utterly right and must have made a bucket with more to come. Sadly in a bear market (as in a bull) the trend is your friend and it is down, always worth selling and buying back later, wish I had your guts, congrats!!
well it holding better than RR
Sorry Steve I got the time from a Kitco article.
Gold price rising. after 20 mins up 7.
Stiill have not hesrd the speech ,but so far hoping.
:-)
Looks like 15:00 as I originally thought- so go and make another cuppa lol
Thanks :-)
Powels "speech" is at 1400 GMT.
Reminder for those interested in potential short term movements...