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.
I think a good mets result on the copper would boost this even more than a good JORC upgrade... both are due this quarter.
Jorc imminent, assuming the workshop did save time, mets are a bit more unclear but def Q4, we know the last cores were sent before 2nd Sep.
We shouldn't have to guess, the company should be telling us ?! And if they don't know, they should get their suppliers to tell them - they are being paid to provide a service.
Good start again, still unbelievably undervalued. Anyone want to hazard a guess as to when we might get the mets analysis ?
It's certainly looking better, although we've had this before. Realistically where do you see the sp by end of the year?
I'm hoping a lot higher than this but I'm not sure given the nature of PI's panicking out at the slightest dip.
Off to a flyer.............
He Can't have Shatner. We would have had a Tr1 with the holding he had ;-)
He must have taken a big hit then - btw you can sell at 34.1 which isn't much of a premium.
Could do with a few more sells, I didn’t think I would ever say that, been struggling to get a quote for even a small amount. Looking stronger now. What’s happened to Manaboutown.. GLA
in the blue now
All will be good. Not long to wait now. Hold tight
That "sell" at 08.37.31 hrs for 1,813,689 @ 0.031 (actually 0.0309) is my buy.
I bought on HL and even they are showing it as a sell . . . don't ask me . . .
Well...I am...I have been around long enough to know that no news is not good news.....after all this is AIM....very fickle indeed with MM's still "operating" in their own interests. I sincerely hope new JORC arrives soon to put an end to this madness.Grossly under valued in everyone's opinion yet MM's think otherwise...DYOR.
Yep. Could be any day soon. I'm not bothered if we don't get news early but within original deadlines. More time to build.
Gla
Guys...LR posted this two weeks ago on Linkedin.....am I reading it right?....IMO this should make it due any time any day very soon....IMO....GLA.
" In this age of wondrous technology this week at Europa Metals we turned much of it off and think a couple of weeks have been saved just by getting everyone around the same table for four days. Spanish Geological team led by Luis Perez, pictured right, attended a four day workshop in our shared London office with independent resources consultants AMS and Myles Campion. In addition to looking at how recent assays will inform a potential jorc resource update from the Tora project (lead zinc and silver, Spain) there were also sessions on the wider picture of the mineralisation and sub surface events." #zinc #drilling #silver #assays #copper #lead
I am assuming that the mining licence cant go in until the change of use application has been passed, which I seem to remember was lodged last September ? The applications tend to take 18 months, so that means April, which will time nicely with the (hopefully) updated JORC, rising share price and further copper news. For the first time in some years things seem to be lining up here...... Im hoping LR gets the 'stable SP' he was hoping for by the time bidders start lining up.
I should add that my estimate ignores any copper credits. That would put this in a different ballpark. Yes, BB you’re right about the costs. GLA
I posted this back in August......
" have nothing to do I would revisit the inferred numbers........
640K Tonnes Zinc ($2255 per T)
510K Tonnes Lead (£2038 per T)
26 Tonnes (13m oz) Silver ($18 per oz)
Estimated in ground value $2.69 b
Estimted total CAPEX $110 m (assuming includes $25 per T processing cost and $35 per T mining cost)
Resultant estimated in ground value $2.58 b
12 billion shares in issue.
95% knockdown sp = 0.88 pence "
with 33% more shares in issue now then 0.66 pence...........I would take that :)
@ Bobby...at todays prices about 3,000,000,000 valuation of resource in the ground is spot on....
670k tons of zinc @ $2440 per ton = 1 634 800 000
540k tons of Lead x $ 2177 per ton = 1 175 580 000
13 million ounces at $17.60 = 228 800 000
Total……. = 3 039 180 000
However I agree we need to take costs etc into account hence my easy method of two more 100% dilutions....which is a guestimate like anyone else's I guess :-) and hopefully this will cover costs....
At those types of figures there would be quite few millionaires on this board but ud'e need nuts of steel hold out for that sort of sp anythg north of TP valuations would be nice going forward .....gla
@ Meno...you are correct with the 3,000,000,000 evaluation.....SP I have slightly different outcome....based on my calcs...
Current Shares in issue…..16,555,542,985
Potential value per share $0.18 as of today which is....14.2 pence
Assume another 100% dilution again……value $0.09 per share…
Assume additional fund raising required at some stage ….another 100% dilution….$0.045 per share which is 3.5 pence.
....a very far cry from where we are today and that’s assuming a 200% dilution .... like a worst case scenario !!
Just a reminder amongst all this silliness:
when Toral becomes a mine we are estimated to have:
1 608 000 000 Zinc
1 080 000 000 Lead
221 000 000 Silver
Estimated Total value $3 000 000 000
Potential value per share: 4.7 p
(that takes into account recent dilutions)
So, lets keep our eyes on the prize
GLA