Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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After all the drilling and independent work over the year, I'll give euz qudos for not exceeding the budget and the money left could actually last till the potential sling shot rise if/ when they announce the npv now that we're out off the asx. That's what I'm hoping for before another placing if alternative method of raising money isn't already decided
OIltap, the company remains as Australian registered. I have heard LR say so in an ahem... cough..... podcast. :-)
Oil tap, I would agree with you that the Galena deal is very impressive, if Europa can do a deal like that at some point in the future, then happy days.
We expect solid buying coming in.
You have to be in it to win it.
£190k in the coffers at the year end...
I thought it was a good RNS. Have I not read enough detail, or was it priced-in?
Numpt, the problem was not with the ASX. It was a EUZ management faux pas plainly simply and wholly. Management somehow didn't have a comprehensive knowledge of the rules, something which they are paid to have a firm understanding of. Perhaps they have lost some expertise with that knowledge in recent management turnovers, I don't know, but there are no excuses. To put the blame on the ASX rules instead of on management is unquestionably just plain and simply wrong. I hope they put their hand up to that fact one day. I'd like to see what percentage and total number of holders that they have so dismissively just cut off at the knees because of their unfortunate oversight. Nevertheless, we are where we are and good fortune to all shareholders, both the oppressed and the fortunate ones. Best wishes to management also and I hope that they can learn from recent events and grow in management skill and experience. Running on a shoestring they have done a great job, but I think they now need to identify a competent and experienced company secretary to in order prevent any such mishaps in the future. :-)
Everyone is sitting on their hands !!! :-)
Thanks Oiltap...Agree with ur sentiments... I found this article quite self explanatory as well....
https://budgeting.thenest.com/positive-npv-impact-stock-price-25307.html
I have taken up a bigger stake now and own 1.5% of EUZ.
An NPV of $180 M equates to my shares having a value of $2.7 M !!!....a far cry off from where we are today......
If I understand the article correctly.
So the sling shot should occur....its only a matter of time. IMOO...DYOR.
@Oiltap...If the NPV is $180M and I am fairly certain we will get the Financials as soon as ASX is out the way...and a revised SS published....will the re-rate be sudden and will it change overnight you think ?
Also what in your opinion will be the primary catalyst for the re-rate ? The revised SS or perhaps Market sentiment or anything else perhaps ?
.. Thanks for all your valuable inputs and sound advice.
zinc price is ticking up nicely, a good rise in the zinc price will change sentiment. The steep decline in the zinc price last year was one of the main reasons the good news the company delivered didn't translate into sustainable share price appreciation.
Hello all,
Is anybody able to shed any light on to the appearance of the EUZ.GB.PL variation in the search bar when I search for the EUZ entry? Thanks.
Well...if you check the last AGM minutes all the detail is there. Also the last placement was ONLY voted on AFTER the actual placement took place. So yes they can do a placement and then tell the markets IMO. But not to tell the markets at all is definitely NO.
Bricks that’s a fair point, ideally we would be raising at higher levels ie post the release of the full ss,but that may not have been deemed prudent,the bod will hopefully keep us informed.
@ Numpty and Bobby...I agree with what you say ito small numbers but the fundamentals remain the same....ie How did these additional shares get allocated on the JSE and how do you know how many more were possibly allocated on LSE if the JSE represent 6.3 %......maybe the 10% discretionary placement was already done taking into account the large number of trades recently on LSE ?
Bricks these are relatively small numbers,surely insufficient to make a difference
Previously I was told by EUZ secretary that 239,863,187 EUZ Shares were issued on JSE. Now based on the latest RNS there are now 351,217,208 which equates to 6.3%. That is a difference of 111,354,021 shares.
I wonder if African Pioneer has taken up these additional shares as another placement or whether EUZ BOD have already raised additional funding by doing another placement within their 10% discretionary limit and we will see another RNS shortly?
Gumbo, the delay in preparation of the ss, followed by not being able to release numbers due to ASX rules has hammered the sp. Anyone considering jv or outright purchase would have seen the figures, but then would hold inside information. once delisted from the ASX they are no longer prevented from publishing the full ss figures. Once everything is released the true potential value of EUZ becomes evident and we should see the healthy gains in the sp that we expected in September.....onwards!
Would anyone agree this is what’s prompted them to delist from the ASX?? Cash is low.... is this a means to an end ?
Lots of sells to Tempt you into buying, as well as more news to come.
Why what are you seeing ?
Looks like they are anticipating some buy's in the not to distant future!
Thanks mogwhy.
LR explains why AIM is where majority of shareholders and main market and also cheap to go to AltX of JSE.
How we turn Toral into a mine. Commissioning going well. Environment baseline to get going. Drilling to change resource into indicated later in the year. Some of drilling for feasibility. Metallurgy - initial numbers.