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.
Intrinsic market value of POG is £1, if Gold price stays above $1800 for nex 4 months and crosses $2000 even briefly
Cey and POG achieved similar levels of Gold sale price, $1778, that is really good start, these both companies are worth over a £4 billion. If irc benefitted substantially from rubble devastation, then POG should also benefit.
POG and CEY Market Cap remarkably similar given POG’s debt levels and totally different Financials generally.
KRSS, Big difference between CEY AND POG, is CEY have a history of making money, debt free and $331m in cash.
POG has a history over the last 10 years of Jam tomorrow, we need to see a consistent profit, with debt reduction, and share price will reflect this.
I remember posters on here positioning telephone number profits and production, we are a long way from that.
At the moment it is like comparing chalk with cheese. Incidentally I don't like Jam or cheese. But we need POG to start producing "real" profit consistently, the rest then just slots into place. Personally I think we are a long long way from being a 4 Billion company. But in order to do that we have to raise production, raise profits, and reduce debt.
So you don't like Cheese and you don't like Jam. That only leaves chalk
I could tell you a story about chalk, which means I am a little wary of chalk as well, but I won't bore you. Never tried eating chalk ( lol )
I believe antacids like Rennies and Settlers are primarily made of chalk which in turn is made from the shells of tiny marine life and was formed over 65 million years ago.
Rusty, POG has pox hub and is substantial shareholder in IRC. Now IRC market capitalisation is going to double or reach 1 billion dollar by end of this year if Iron ore prices remain high. POG board can increase POG stake in IRC.
Rusty - the observation I was trying make in my earlier post was that given POG and CEY Market Caps are similar but CEY’s fundamentals are superior, then either CEY is well underpriced or POG is overpriced.
If IRC can make $100m cash this year, their MC should be around $300m.
JRC1000 I totally disagree with your analysis. I will also tell you why. CEY, Has been making profits for year , debt free, and plenty of cash in hand.
POG, however is totally different, because they have a lot of debt, BUT, That was only that was spent on the POX HUB, There is an abundance of refractory ore in Russia, and once POG, has the pioneer plant up and running , hopefully, in the second quarter of this year and a third next year POG, will be in a much much better position.
I don't know what value is put on the pox hub, but, it must be hundreds of millions.
Fast forward a couple of years and I would expect POG to have a least 50% per cent more, if not double the production of CEY.
For that reason I would expect more upside from POG than CEY, simply because CEY is already delivering whereas I would expect POG to be able to increase profits markedly.
Of course I am biased as I hold shares in POG and I do not hold shares in CEY, BUT, on simple fundamental I see more upside in POG. Of course that could all change as CEY have a nice archest, but its what they do with that that will see if they can grow further.
It will be very interesting to see the fundamentals in 5 or 6 years, because I think POGs, will look vastly different in 5 or 6 years. They do NOT make great reading now, especially if you look back 5 years plus, but, hopefully the leaner times are behind us.
POG's stake would be worth $100m. IRC can certainly do $25M cash in Q1
KRSS, thank you for posting about IRC JUST CHECK AND PLEASANTLY SURPRISED TO SEE
0.275+0.025 (+10.00%)
At close: 4:08PM HKT
So , it does look as if they are making a bit of a comeback. It really would be great to see IRC DO WELL. And to think Pavel was looking to virtually give it away, which I have posted many times the I though was ridiculous.
I hold pog and cey , similar patterns last few months both on way back up now hopefully , also got polymetal which is flying back up , so all in all a good day
Rusty- it was an observation not ‘analysis’, but I think what your views indicate is that you think that POG’s relatively high price, compared with CEY based on CURRENT performance of both companies, includes a premium for possible future performance.
Please don’t look upon any of my observations as trying to promote negativity - just simple comparison based on current metrics.
Updownflat, irc’s mcap is already $250-300m, if my calculations are correct
you are ****ting me ....
on $25m cashflow per quarter
It would take them about 10 years to repay their MC ? If prices stayed where they are or went higher.
many companies trade on three years.
most companies are 5 -6 times
JRC100, No I do not think that Pogs price is relatively high , compared with CEY based on CURRENT performance of both companies, and it includes a premium for possible future performance.
I think exactly the opposite, I think Pogs share price is considerably undervalued compared to CEY, because we have a POX hub. Look how much money and time it is costing Polymetal to make a second Pox hub and that might give you an idea what is missing from pogs share price. A premium for having a pox hub, which CEY couldnt build even with their cash.
So I thing POG has much much more potential than CEY.
Surely if IRC is worth a $1b is should be making a dividend payment of $50-$100m to it investors ?
Google says $239M MC for IRC which is about right.
Updownflat, I don't mean to be rude, But do you live on Fantasy Island ??
If a company has debt that is guaranteed by another company, then what is DOES NOT !!!!! Is pay dividends. It repays its debts and releases the guarantees dog has given and both companies start to flourish.
I thought you said you were an accountant. ??? It doesn't matter what the market cap is, its the profit it generates, and up to now IRC has only just started repaying those debts, never mind making big money.