Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Think it’s more about letting wider market know, not everyone reads this BB or checks website for updates! Fingers crossed timing is more progress has been made and further updates are soon.
Good stuff. Is this presentation the same as the one posted a few weeks ago or updated further?
Agreed. Presentation is good and I particularly find the simplified discounted cash flow sheet useful. The project economics to peers on page 30 also a good visual aid to highlight how good economics are.
Hopefully this is a matter of setting our current upto date position ahead of some strong newsflow. Plenty due now…
Its really positive that the Directors hold 43%. They have plenty cash in bank so should be only up from here
Lots of newsflow on the horizon such as completed DFS and offtakes. The mine economics are fantastic and makes a mokery of this tiny Mcap
I think those loading up patiently in this range will do very well
Something else I’ve not seen commented here is the logistics opex. It’s the largest cost to our project totalling $99m in the economic model.
We know offtaker talks include with local buyers (check technical report RNS and earlier RNS). Saving on shipping or even better collection from our site would provide very material cost savings to the project.
Offtaker advances are also common and could form part of the negotiations, albeit often in return for slight discount to product price.
We know they’ve been having such discussions, was advised last year when they originally submitted the Trial Mining application. Process and financials etc changed since.
$78.6m is the direct tax envisaged in current economic model. They’d be tax on contractors employees as well as their tax as well. In short there is an incentive for Brazil to provide some support as they’ll also benefit from the project.
If anything I’d expect is to be asking for more assistance now and precedent set last week with South Atlantic gold is only going to help
A MoU with Jangada?
Apologies for being late on this. There were discussions late last year regarding a MOU with Ceara State. There were some articles in the local press.
"Non-dilutive indicative funding" -- now that would be massive if Jangada got it. We would be able to monetize our TiO2 and sail past 10p! Dare i ask, could that be the much-maligned "surprise"?!
https://resourceworld.com/south-atlantic-gold-to-develop-pedra-with-ceara-government-brazil/
https://www.businesswire.com/news/home/20220720005068/en/Fodere-Titanium-Limited-Announces-Construction-of-Pilot-Plant-and-Formation-of-North-American-Joint-Venture-Fodere-America
Interesting to see ex Tronox guy focus on N America market for fodere tech
Good news out there today, IRR 49% - we have 100% they are up 13.24% now.
Don't forget we are investing there as well, 3.5 millions shares.
Have a nice day all, take care.
wow. time flies when you are having fun.
all joking aside, I agree with your sentiment DC...... 3 months is a period of time in which significant progress can be made
GLA
I have 10k of pension fund coming here soon. Wouldn't actually mind if they took their time !
Hopefully due an update soon on progress. Website been revamped and new presentation at least showing current position before any more news lands now.
Shez, I was looking at L2 yesterday and saw the order, my purchase come out as a Sell (like most of time recently)
Looks like a blue day in store, perhaps not so many shares available on L2?
I also added this morning. The new website is live
Obelix, yes the 380k was my buy. Added a further 50k on the bell. It was at 3.77.
Please don't panic, that trade £380k shares was a buy - don't worry about it, we need to wait for the DFS
Trust me was a 100% BUY - don't need to create a panic or some negative rumour
Ok, cool Mesb48, understood.
The 380k was me and a buy. It was fill or kill so presumably why it says unknown. Added to my SIPP JAN holding.
Quite a big trade of 380k earlier I see. Can’t believe that’s a sell. Fodere’s linked in post must have been slightly before. Hopefully there is at least one of the Fodere shareholders (much expanded per my previous posts) with a vague interest here too*.
* apart from NVS - next time he sells, I sell too. Or in my case, I don’t use as an opportunity to buy.
Shez86, I was referring to the Fodere environmental permit. I thought they had it some time ago, I posted links last year on the process. So Dcat’s link today hopefully means all systems go there. Good news.
Mesb48, are you talking about Jan’s environmental permit?
Thank you.