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.
moving on every buy now guys
They shouldn't keep mentioning Amulsar. It has nothing to do with what happens at ORE. We need a JV to be announced, so that we gain financial backing. The Company can then drill on a larger scale, without recourse to shareholders. The gold results to date aren't brilliant and we can't make decent progress with the current set-up. If Birdy is unable to source a JV, then I think he should seek an outright buyer. It would otherwise take perhaps a further decade for our small team to delineate the extent of the deposit. At our cost. Good luck all.
i think everyone missed this news this morning it will be out there soon and then we might get some traction
Easy? Lol
In this area of the world and with lydian 30k upnthe road a sale or jv will be easy to achieve.
They gave up del because they didn't have the nous/cash/ability to develop it. Let's hope a JV is on the horizon but don't hold your breath
The gave up del for this beauty imo. Good times ahead. Jv shouldnt be a problem lol
Let's not get carried away yet but very positive news. I especially like the comparison to Amulsar but we have been let down too many times to get over excited just yet!
Booom. 4 million to come
Well it sounds good, but we need to see the evidence. I think you are the only shareholder on here who has a chance of making a profit, so if we get decent grades and the sp rises well, please act. If I had my time again, I would have traded this right down to almost zero. Lol.
249ers imo know that when they let this go it will blow and blow and blow.
Shed loads of shares in issue but is this an issue when they are so cheap? Not really.
keeps getting bigger and bigger all the time lol. Jv wont be an issue once the data is released imo.
Colin Bird, Chief Executive of Orogen, commented: "This is a significant milestone in our joint venture on the Mutsk gold project. This completed earn-in is coincident with our pleasing technical results from our previous two drilling programmes. We have yet to report on the final drill holes but the overall prognosis is that the Mutsk property has significant potential to grow in strike length (N/S) and to the east."
Thanks eric. We will just have to wait and see.
Let's wait and see. 4 million plus is only in your imagination at the moment. Better to see what we actually have, and perhaps most importantly, the grades. No good if the deposit is huge but the grades aren't decent enough to make large-scale mining viable. That's why we should look only at the known information and wait for the next news. Cheers Wress.
They will deliver. The earn innis complete The pit is open from north to south and east. It is 4mill plus imo Getting a jv partner is not a problem. Maybe lydian will be that partner
We need a JV were the partnership will pay for this to go operational. We need large open feasible grade ore body. We need contingent financed structures in place. Without any one of these we don't have a business. If the BOD cannot deliver a simple open cut mine with shallow deposits then they are in the wrong game.
4million ounces down their imonot 1 m
We just need some great news Jib, that's the top and bottom of it. Cheers matey.
I take your points.
It take your points, so let's see how we are fixed after the drill result news. One point though, they did much sampling on Deli and in the end the vein system proved too complex for them to continue, in spite of the promise it showed for many years. Our lack of relevant expertise and the fact we had no JV partner at all, one with appropriate expertise, meant that Deli was shelved, Mutsk was seen as being lower grade gold than Deli, but open pit, uncomplicated by comparison, and, I believe, the deposit potentially covering a larger area. With our lack of expertise and the fact that we were, and still are a small outfit, it seemed like a better option. It was not because Deli was seen as a less valuable asset, just less viable. There is still a doubt in my mind, in view of the extremely slow progress on Mutsk, as to whether the Company can even manage that project. To date, it appears not. Hence we really need the JV. On we go. Let's find out what news brings. Best regards.
Also there has never been any risk to the 80 % earn in. ORE have total control over that, it's totally irrelevant. The JV, the undisclosed "significant Amount " the JV partner is expected to spend and the asset feasibility are the areas of risk