Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Being realistic IMO the only way the current management team can save reputations is a quick sale of the Toral and a happy shareholder base.. I have painted a few scenarios and the one I like best is a sale of the asset based on estimated current NPV....UK pounds140m ....I estimate a dividend of 2.5p per share...a very far cry from where we are today....I honestly believe they are working very hard to right the situation...as there is a lot at stake here for a lot of people.
I am hoping for a sale....based on NPV ....then who ever buys it.....buy those shares :-)
Best of both worlds and a very happy Christmas ;-)
Hi Bobby...this was in the last RNS....I hope management are actively working on it ;-)
To achieve the range of outcomes indicated in the Scoping Study, funding in the order of AU$9
million (£5 million) will likely be required. Investors should note that there is no certainty that Europa Metals will be able to raise that amount of funding when needed to progress development. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Europa Metals’ existing ordinary shares. It is also possible that Europa Metals could pursue other ‘value realisation’ strategies such as a sale, partial sale or joint venture of the Toral Project. If it does, this could materially reduce Europa Metals’ proportionate ownership of the project.
You can see the spread in all these so called sells .. looks like .0505 -sell .0515+ is a buy
Yep.......Find it hard to believe that since 14th Dec until now....only 2 buys....the rest all sells??
They have committed cold hard cash it’s in the accounts if you read them. For that cash they are given options as an incentive.
Seemed a good price to me now.
My 2 mill buy @.519 is showing as a sell.
Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)
Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)
Funding for next phase is a given...I agree...On the innovation side possibly a scenario to consider....the placing will be done at a far higher level than the current SP as the Scoping study with financials will be shared with the investors.....
You think this is a possibility Oiltap ?
Another possible scenario is forward selling of some of the resource....highly likely IMO.
Funding is a given - we should have simply been off a higher base SP. let’s hope we get something staged and innovative to see us through.
On skin in game, I would like to see more but based on options/shares held below, LR is down £126k from SP peak in Sep.
I agree Oiltap....If the below isn't classified as "skin in the game" then what is ?
Directors dealings taken off my brokers page.....
22 May 2018 E Kirby Buy 12,918,258
22 May 2018 E Kirby Options 22,500,000
22 May 2018 L Read Buy 23,913,043
22 May 2018 L Read Options 112,500,000
22 May 2018 M Campion Buy 18,514,492
22 May 2018 M Campion Options 112,500,000
22 May 2018 C Bird Options 80,000,000
22 May 2018 D Smith Options 10,000,000
Agree Bobby. The assett is great we all know that. However, management is an issue, company history is an issue and confidence is to. Company needs funding to progress where is this going to come from? Again letters on a postcard!!!!
Thanks 2050, good article. Patience is key here.
Attended the Turner Pope presentation on Monday, seems nailed on a fund-raise is coming IMO, one attendee asked about when and the presenter refused to discuss. I suppose until the raise is completed it is a bit of a red flag for prospective new investors.
Another question was asked about high G&A (£1m) and reasons behind listing on 3 exchanges, based on replies given it seems they will keep the SA listing due to cancellation costs but may be considering coming off the ASX at some point.
The presentation was recorded and should be available on the Turner Pope website shortly.
Just thinking what the sp might do with these drilling results due this month? Any guesses? Hopefully a rise and not another fall! I need a 110% rise now to get back even (don’t see that happening on drilling results).
Listened to the podcast and they are both saying the same as we have all stated quite clearly. The assett is fantastic and is worth an awfull lot more than it currently is. However, the management have made a string of errors of which has seen the SP cut in half this week. In a bad market already it has made investors worried. Let's hope they can rectify there errors and report correctly and positively in the future.
vox podcast......http://www.sharepickers.com/
What do you guys reckon the capex costs for such a mine to be?
13-Dec-18
11:27:28
0.052
8,313,961 this is a buy from yesterday.
Thanks Oiltap - regarding your question about the area not included in the JORC - no I haven’t, but it’s definitely worth looking into. I’ll do some research over the weekend.
Spot on, all three of you. There's so much potential upside here but for the moment i'm guesstimating the present NPV at a conservative $180m. But my concern is the financing to take it a whole step further. Do they have enough to be able to put the finishing touches to the SS?
Yes please ...:-)