Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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I do take your point though and my comments are quite contrarian to the optimists , but we all have stakes here, and it always pays to be on the cautious side.
I am not a shorter Mr Bond any more than you are a trol so feel free to enlighten me and others on this board with your wisdom.
Do some more thorough research, or some might take you as a shorter. lol.
As much as I am not seeking to be pessimistic here , it does help to take a more candid assessment .
As things stand , there is only one proven mine which is progressing towards the end of its cash flow phase . A 7% divi over the remaining 10 to 12 year remaining life of the current mine doesn't even recover the current share price .
Either Doropo or the exploration of land in the Arabian Nubian yield has to produce more positive news than appears the case at present .
If it does so, then the share price will rocket upwards, if it doesn't, and pretty soon , then further declines are inevitable at some point . Other considerations are of course future gold prices and for sterling holders, exchange rate between the £ and $
More informed views on future prospects welcomed
The outstanding CC will, imo, prevent Barrick/Others t/o of Centamin. - So, if suddenly the CC is settled, the path is then cleared.- Watch this space. - On a different note, why are the awarded permit areas being kept secret? - I believe Altus details are known but the others are being kept under wraps. - What are they hiding and why? - I have a feeling a few surprises are in store here. - A few shocking surprises maybe.
Surely they will be considering Jumping on board for next weeks Divi ?
Gnome, while MaGuire always seems to call that gold is about to rise, and should randomly be right half the time, tho sadly rather less with current gold, while Sunshine and Todd Bubba who mostly call it down have been more lucky or prescient, you calling a rise is a different matter, streets wiser and not in the business of buying or selling gold. So I am encouraged!
Need some good news to get this moving and reduce my loss
European stocks traded above the flatline on Tuesday as investors waited for the report on Germany's gross domestic growth. Meanwhile, the United Kingdom is expected to allow its manufacturers to keep using the European Union's CE safety mark a year longer than what was initially planned.
The FTSE 100 and the DAX both gained 0.27% at 7:45 am CET, while the CAC 40 jumped 0.39%.
The euro was flat against the greenback at 7:45 am CET, changing hands for 1.17448, while the pound rose 0.17% a minute later to sell for 1.37434 dollars.
Breaking the News / MD
Goldgnome - amen and amen to all the points you've raised. In the past Pardey took pains to say Centamin wasn't in the business of bloviating like other miners. I used to think that was a more honest way to run a business but now I see it different. The more information the better. One item of particular note: The final open pit dimensions - surely these are due for a revision? Given all the positive resource intercepts that seemingly extend well beyond the current pit dimensions by hundred(s)? of meters. I am hopeful September's Life Of Mine review will tackle these and other not-so-minor details. Cheers
The category to watch for me is the Inferred Resource, and I would like several things to happen on this front.
1. CEY adds to the Inferred Resource
2. CEY adds to exploration discoveries in the and proximal to the mine lease.
Who has the ground
1. directly south of Sukari
2. NW of Sukari (Atud)
Noted: 79k m of open drilling and 49k m of underground driling, but no resource / reserve upgrade so I assume this is coming fairly soon.
Pleased with the way they are reporting hole intercepts, but would like these to be flagged as those inside the known resource shell, and those outside in future. Ditto for the confusing and amateurish dgm on slide 21 of most recent publication. Again are the shown intercepts in or out of the resource shell? I should not be left guessing. Like to see a clear presentation of what they see as the upside of the business beyond 12+ years into the future. Simply where is the next 1 million ounces, where is the next 5 million ounce position.
Whatever happened to the 3d seismic survey of the permit, much waffled on about by Pardey ?
Any business running in recovery mode with EBITDA margins of 50% is a great business! I could tell you quite a few companies not running close to this. (Harmony Gold, Equinox, AngloGold). Companies that are in this range are Centerra, Newmont, Barrick, B2Gold) ... so in good company, and undervalued as a business.
At a guess the large companies which need to grow would love to acquire a gold miner with Tier 1 asset that operates at 50% EBITDA margin, low p/e with 10+ year mine life, and exploration upside and infrastructure...
Go gold and CEY
the Gnome.
https://www.statista.com/statistics/208725/net-profit-margin-of-the-top-mining-companies/
best
the gnome
The Supreme Judicial Council approved, in its session held today, Sunday, the request of the Attorney General, Hamada Al-Sawy, to transfer 11 female judges to work in the Public Prosecution with their corresponding rank in the judiciary to work...
(sources say the high judiciary was against the move but credit goes to President El Sisi for pushing through much needed change)
https://www.masrawy.com/news/news_cases/details/2021/8/22/2076872/
Jobsworths in Egypt it seems.
Spain's the same , "Si Senor manana".
Or free beer tomorrow. :-) or for us :-( .
MENA , Monday 23 Aug 2021
The meeting also covered partnerships with foreign companies which have experience in the mining sector and mineral exploration and development
President El-Sisi gave the instructions during his meeting with Prime Minister Mostafa Madbouly, Governor of the Central Bank of Egypt Tarek Amer, Petroleum and Mineral Resources Minister Tarek El-Molla, Supply Minister Ali El-Moselhi, Finance Minister Mohamed Maait, Presidential Adviser for Financial Affairs Mohamed Amin and Director General of the National Service Projects Organisation (NSPO) of the Armed Forces Walid Abul-Magd.
https://english.ahram.org.eg/News/419646.aspx
-------------------------->>>
My Thoughts: Sisi should have also told them to get an f'n move on...
They are taliking rubbish as you are aware, they either don't iunderstand the licence or dont care to!
gjsrg. Yes I saw that ..but the company seem to be underplaying this in their accounts and annual report , so at this stage it's just a future speculative play ?
Why , are things at a more advanced stage than I have suggested ?
whit?
Over 1800......
Hmmm Andrew McGuire. I listened to him to weeks ago say how gold was just about to break out and rise hugely in the next week. It then fell $80. Although I believe in gold I dont believe in him anymore Im afraid. I also dont think he talk in plain language, which I think is a smoke to keep himself sounding intelligent.
n this special edition of Live from the Vault, Andrew Maguire is joined by renowned economist and author of the Gloom, Boom & Doom report, Marc Faber AKA Dr Doom.
Both the precious metals expert and economist offer their take on gold and silver within today’s economic landscape, and Marc Faber shares the percentage of precious metals that will make up his portfolio for the rest of his life.
With a track record of foreseeing economic disaster, Marc Faber takes us on a deep dive into the inflationary impact of endless US money printing. The life-long investor also offers an intriguing overview of the current state of the stock market and reveals the areas where he believes today’s greatest investment opportunities reside.
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
https://www.youtube.com/watch?v=flKYHa4Gy_c
WHO IS Saying 12 years only mine life ? another 3164 New LICENSE On the way. existing Lease for 30 years from 2005 and further 30 years will consider. Some unknown traders want the share prices to go further down. whoever selling cey same as gold is selling @ £500/ pr kg
n accordance with the Concession Agreement, a “Commercial Discovery” was declared in
November 2001 following the submission of a feasibility study by PGM; EMRA and PGM then
agreed on the borders of the area to be converted from exploration to exploitation lease
comprising an area of 160km2. The Minister of Petroleum approved a 30-year lease in respect
of 160 km2 on 24 May 2005, extendable for a further 30 years upon PGM providing appropriate
commercial justification.
The Sukari concession is shown in Figure 4.3-1. The concession covers an area of 160 km2
Sorry I posted the 12 year life of mine remark on the paper loss thread
Ah ok gold. I have got you now. Am I right about the single mine with 12 years of reserves available ?