Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Even a joint venture would be good on one of the bigger opportunities.........not sure if it that happens or too complicated but splitting the costs, expertise...... etc etc
At least we are ticking up nicely and hopefully another decent SP increase at the next results.
Another point, if CEY held their AGM even every 2nd year in central London I am sure they would have a lot more share holders in attendance. Probably glad not to after the last few years but it would be great to get a change of venue. I would be happy to go etc
good info-cheers
Tibbs yes understood I remember the your post. Problem readers and contributors of this board will have is the time it takes to develop a new mine.
Given the way Centamin work is basically they don't appear to like borrowing and as such to develop a new mine it has to be long term and I think Batie West was good but maybe not as good as Doropo taking into account risk and resource.
Whilst it is great to have $340 million in the bank it won't go far if they want to open a new mine with CIL or similar plant, plus all of the mining equipment and infrastructure.
However Batie West has enough proven reserves in my view to get started with a simple heap leach operation providing the oxide ores are easily leached, if nothing else but to finance future exploration of the resource, using experience of an established contract mining company that can bring in their own equipment, tailored to the size of the resource.
Hi Dasut,
i had posted his before but some may not have read it.
See reply from Buchanon 12/11/19
The tragic events in BF are being closely monitored and the safety of the teams working there is of paramount concern.
The Centamin assets are quite some distance from the Semafo incidents but that does not mean Centamin have any complacency in what is clearly a region with some tensions.
The focus over the past 2 years or so has been on the exploration in Côte d'Ivoire, which remains stable and peaceful.
This is where the West African focus will remain for some short term.
Hope that gives you some context.
Those of you who are unhappy with Buchanon I would suggest an mail to Alexandra Carse and why not copy in Ross Jerarrad with a well constructed to the point question or couple of questions, short and to the point I reckon you will get an answer, worth a go and add a short sentence sorry to bother you but I am not getting a satisfactory response from Buchanon .
Also Supercharger Jim Rutherford worked for Anglo American and they don't do Gold. Anglogold was offloaded by Anglo American some time back, subsequently Anglogold joined forces with Ashanti gold and this group would be a very interesting marriage with Centamin as they have considerable experience in developing both open pit, underground and West Africa.
However the main reason why I feel the majors aren't putting Centamin at the top of their acquisitions list is still the profit share contract that they have with EMRA, and the aggravating itch of the court case.
Endeavour aren't a major and are desperate for cash and therefore Centamin were seen as a fit (with Sawiris also looking to drive a wedge) and as we all know following the 2nd and 3rd quarter results at Sukari and the incompetent handling of this by senior management, Centamin were vulnerable.
I therefore agree with Rebess we are only as good as the next quarter results as what has been done has been done and as we only have one resource at the moment there is very little wiggle room.
Reading the Corporate Update 14th January there is mention of Batie West and reading between the lines I have a gut feeling they are going to look at a low cost start up as they mention oxides and go with a heap leach operation using a contractor. This will get them into production quickly and give them time to get on the ground knowledge of future development of the resource.
I also feel that they reckon Doropo is now where they are looking to invest and develop a larger long term operation but I must emphasise this is only gut feel.
I did hear a week or so ago rumours of Anglo paying a visit here which would tie up with one of the new appointments? As you say Newcrest could also be showing an interest Centamin with the approach from Endeavour have received quite a lot of publicity that has put them on the noticeboard which other miners will have made a note of.