Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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I have tried to explain to you that it is impractical & indeed impossible to formulate a mine plan without access to a huge volume of detailed information which is not available to the general public or even shareholders - you seem unable or unwilling to grasp this concept therefore I believe that our ongoing exchanges of barbs whilst amusing have become pointless & fruitless therefore I shall withdraw & defer to your superior knowledge :)
Well as you cant be bothered to come up with an alternative mine plan then allowing Martin Horgan to crack on with his would appear to be the best option!
The evidence for my opinions is the progress or specifically lack there-of in operational performance - if I wasn’t so lazy & complacent in my comfortable early retirement I would put my hand up for the job, I do not believe that I could do any worse!
A proper mine plan is what is required, it forms the back-bone of every successful miner and is a most beautiful & magnificent piece of work - you have not had the experience of working with one but before jumping down my throat with uninformed criticism first ask your mining professional friends about the value & necessity of one - you may well learn something :)
Of course, this variant will spread- but so far indications are broadly not negative on impact.
They’re not vaccinated, and with unvaccinated parents and numbers remain very, very low. I am wary of %’s and not actual numbers - I just increased my chances of winning the lottery by 500%… I bought 5 tickets…
10% of all Covid-19 admissions are children under the age of 5 in SA, a group that is untested for Covid vaccinations and not vaccinated. The paediatric units are under stress and the conditions are not mild for this group. If it gets into other countries in the coming weeks it is likely to be a serious problem. No data yet on the fatality rate in the under 5yrs. Not a good time to hold airline stock.
Tornadotony,
There must be some valuation for the dividend no ? Perhaps not if it were 1 or 2% but surely at this level and with a divi policy it has to be worth something extra on the SP
Thank you Tornadotony, your analysis certainly seems to illustrate just how undervalued the stock is at present.
Share holders have certainly paid a heavy price for high grading carried out by the previous management, pity the that Martin Horgan was'nt CEO a few years ago!
Of course “k” is not fair- that’s why it’s a “k”… and that article is old- he’s already got a second term since that was written
Interesting views regarding increasing inequality in the US,
Dr. Tim Liao's most recent essay for the general public is now published. The essay it titled "The Inequality of America’s “K-Shaped” Recovery."
https://sociology.illinois.edu/spotlight/faculty/inequality-americas-k-shaped-recovery-dr-tim-liao
Powell is not the man for the moment. For starters, he supported former president Donald Trump’s deregulatory agenda, risking the world’s financial health. And even now, he is reluctant to address climate risk, even though other central bankers around the world are declaring it the defining issue of the coming decades. Powell would say that climate issues are not included in the Fed’s mandate, but he would be wrong. Part of the Fed’s mandate is to ensure financial stability, and there is no greater threat to that than climate change.
https://www.theguardian.com/business/2021/nov/10/why-the-federal-reserve-chair-jerome-powell-must-go
Should have said all the other assets outside Egypt were valued at zero.
Centamin is utterly bombed out on zero monthly slow stochastics. Still trying to deliver a higher low above the last retreat. 16.5 p of the share price is actually cash they have in the bank minus net earnings in the current quarter. So another penny and half could be added. $50M solar farm does have a long term value. 12 years supply of gold above 400,000 ounces also has a value in the ground of $450M plus equalling 35p per share (To be added to next week). Trading at 40p per share as a producer (2.14 x in the ground value) which should be at least 3 times in the ground price which totals 121.5p with cash in bank.
We don’t know that for sure- they changed from published on 1st Dec which implied an RNS and 1st , to “presented” on the 8th and a webcast, which implies no RNS- what was also confusing was time to get questions in… so who knows, maybe RNS at 07:00 just before, or was get questions on, just the same questions we’ve had for ages and already sent in…
This “superfluous nuance” has caused a ~15% variance in CEY SP in past month, you’ve high expectations on believing a higher swing which of course could happen, or not happen.
In any case, not long to go… and will be a fun morning for sure, expectations are high- will be button ready, dependant on what is officially released.
Halfpenny I think the gold price trajectory is even more important. If gold were to halve we’d be sunk. If gold to double profits would be hugely higher whatever the rns, Even a 10% gold rise equates to 30% more ounces or a much longer mine life, and a 30%ish share rise Which is unlikely from the rns and a 10% fall similar. Of course if the rns said they were getting costs under control and would be back below $1000 as they were that would make a very big difference as has been the main reducer in profit. Just my sums, all best to all
Posts above are superfluous nuances as regards the main driver for centamin which will be the RNS release next week.
The FED make it clear when their next meetings are, so this is answered, these are change points. It's unrealistic to expect definitive dates on rates and will always be speculated- the pandemic makes this more necessary (although I think this is overdone). The volatility is bound to be there with there with markets seen as toppy for a while now and with the pandemic- space to adapt to this is essential and fixed amounts on rates, will cause more turmoil and who could say what they should be and exactly when- it's fluid. As I said last year, it's a "K" shaped recovery, the markets are not the economy, the markets have been as toppy for the last year and continue to rise. In the "k" shape, big listed companies, have increased market share and mop up and fill the gaps left or customers and those with cash to invest and spend.
I continue with balance.
The rate of change, communication of change, will forever accelerate, flex is essential ... the nature of the beast.
Equities in Europe traded higher in the premarket on Friday ahead of the release of the newest reports on Germany, the United Kingdom, and the Eurozone's service and manufacturing sector. The latter will also post its latest results in retail sales. Earlier, the European Medicines Agency (EMA) announced it launched a review of Valenva SE's vaccine against COVID-19.
The DAX gained 0.65% at 8:03 am CET. At the same time, the FTSE 100 advanced by 0.48%. The CAC 40 went up by 1.30%.
The euro lost 0.11% to the dollar to sell for $1.12856 at 8:03 am CET. A minute later, the pound sterling declined by 0.15% against the greenback to go for $1.32796.
Baha Breaking the News / JR
Happy Friday y’al
Mr T. That was a good reference to Norman Lamont , I remember it well. I bought a 3 bed house in Greenwich for £81,500 I wonder how much it is now
I sold it in 1996 for £105k
Those were the days
I don't regard my comments or opinions on what has happened at Sukari as flippant as they are based on past events, some which is why we are where we are now.
i don't recall ever claiming to have operational mining experience and neither have I ever disputed,or doubted Sami's professional abilities, or his credibility, or even his integrity because I never met the man, although I know that some other members that have actually met him on a professional basis hold him in high regard.
That said despite Sami's geological abilities and foresight he couldn't have built Sukari or achieved what he did without the trust and investment of share holders who are in fact part owners of the mine.
You make claims of having superior knowledge on mining matters which may or may not be the case, and you have expressed doubts about Martin Horgan's present operational strategy and the methods for getting Sukari back on track, although you offer little, in fact no evidence to support your claims, other than we must hope that one of these wonderful unnamed miners you have been fortunate enough to meet in the past will suddenly reappear and be able to tell Martin Horgan an his team where they are going wrong?
Is this an alternative plan that is likely to excite the market or inspire shareholder confidence, possibly these wonderful miners have long beards ,wear long flowing white robes and carry a long staff, (Oh no sorry that's Gandalf from Lord Of The Rings, although possibly he could sort out Sukari though with that magic staff?)
I very much doubt that you have ever met Andrew Maguire, neither Martin Horgan and so I fail to see how you can make such assumptions about them that may well be unjustifiable as you know so little about them.
Anyone can be whomever they want to claim to be on internet forms like this and sometimes a poster can leave and rejoin under a different identity,although often despite their name change their posting style and content betrays them.
I can't claim to be able to smell out gold, although I do suspect the presence of Baloney ?
I'm sure you understand what I mean?
Quite so Candid,
I recall it when when our mortgage rate went up on each news announcement of that morning!
http://news.bbc.co.uk/onthisday/hi/dates/stories/september/16/newsid_2519000/2519013.stm
Admittedly house prises were much lower then and so was the rateable value and insurance costs, although wages were also less and most mortgages were only granted based on the man's salary as it was assumed that although the wife might be eaning more she would be giving up work to have babies!
But as we predicted at the time when interest rates fell well into single figures the greedy estate agents and developers took advantage and banged up the prices of overpriced chucked up little boxes (called starter homes) that many youngster struggle to buy even at present interest rate without the help of their parents.
The ordinary folk always get screwed by their governments and in favour of those from the right public schools that run the system.
The markets are just the same and most likely there will be a crash before too long and who will lose the most and then pay the bill, the ordinary folk!
Mrtibbles I suggest anyone who has hands on operational experience! If you had even an inkling of the information both in terms of volume & detail required to formulate a proper mine plan you would be less flippant! I have had the privilege in my life to meet some wonderful miners, the really good ones are tantamount to prescient, they can just look at a patch of ground & tell you where the resources are, where blanks are, where subsidence holes are, etc. unfortunately they are few & far between but that is what we need, if we can find one we will hit heights that none of us even hope for.
I was fortunate enough to meet Sami, if you had the same experience I guarantee you that your hero worship of the likes of Horgan & Maguire would fly out the window, that man knew how to kick rocks :)
I think Powell should have the confidence to issue a clear statement of policy.,at present he does not inspire confidence in anything other shear lack of decisiveness.
Is Powell in charge of the US economy or not, if so he should give clear direction, at present Powell is indecisive and lets events lead him rather than he dictating them, his dithering causes volatility.
All this procrastination is just bullsh*t, lets have a clear decision that interest rates will rise on day whatever, or they will fall, or they will remain where they are until a defined date for review, lets have a firm commitment to a decisive policy whichever way, no more might be ,might not, perhaps, or when if what, lets see.
The pandemics here and likely to be hare for the foreseeable future, stop using it as an excuse for failed home and international policy and instead announce clear and decisive policies to deal with it. not just in America, but by helping all the other poorer counties irrelevant of of their political or religious beliefs.
Powell has really told us nothing other than there may be a decision one way or the other anytime soon, possibly and the markets has chosen to do its usual knee jerk one way or the the other or whichever way as long as it shuffles the indices up or down.
I wonder if this bloke Powell chair of the FED or chair of the mad hatters tea party?
If interest rates rise significantly ( I can remember when they hit 15 % 30 years ago ..).then it wouldn't be inconceivable for the USA and others ( including UK ) to default on their debts .
They all need super high inflation to reduce their real value of debt , so the Fed better be careful about what it wishes for .
It’s not confusing Mr T, it’s adapting… again I ask you each time… what would you have done? Last time he said nothing and you complained, this time he said something and you complained… he can only work within certain boundaries, you can see the impact his statements have- I’m not not defending him, it’s just my expectations of what he will or won’t say are what I consider as realistic
It’s matters not to me Tornadotony- it’s the game we’re in, and creates volatility that makes us money.
This is why I trade PMs like this around key data points- primarily US as drives other markets and metals like it or not. Holding gold miners like this has not proved productive in recent times, relative to other investments , I see you do same by trading - good luck and tomorrow could be good if a miss on NFP or the reverse.
I tend to wait for data points/markers etc where I see opportunities.
Without the FED something else would replace it to create volatility.
History has shown us that every system and leader is replaced with another that some like the leader and system at some point, and some don’t, and some always moan about how the systems and leaders are always against them and manipulated/fixed/corrupt - I simply play within whatever is there in place.