Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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@aubery.
Exactly. Moons whole view is looking at someone with no current shares. After the dust clears. Yes invest in the new financial position cos it's a great producing resourse. That if run financially prudently can make a lot of money....but, for existing share holders like most of us.... Maybe Moon just has cash now having traded out his past shares(?).... For existing large, medium and small share holders..... How do we see the long term benefits of the financial miss management means we get wiped out.....
He, and his ilk ever addresses that one. And it's the biggy...
Moon
You mean the mine is the best it’s ever been, the mine.
The company is in dire straits with the balance sheet absolutely shot and unable to service its debts with huge uncertainty on whether it is a viable going concern.
There is a significant risk existing shareholders could get wiped out or significantly diluted in a capital restructure .
TB has done an appallingly job as CEO and has been left to spend spend spend….now it’s time to pay.
Sadly it looks likely that it will be shareholders who take the brunt.
As you are so optimistic and confident… roughly how long until a shareholder who paid say 25/30p gets their money back??
We was not misled. How do u exspect a campany. With only one area to dig. Now they have 4 can’t exspect everything in one go. Tb done amazing job really has. He turned around ming mine to highest it ever been. And u exspect they can pay. Debts on top in possible. Yes they need lot of money yes they need to sort out their debts. But company in best it’s ever been. It’s mine that can mke lot of money with new machine well best ever.
Why go to the trouble of changing your name, starting posts with …….. and then waffling on endlessly? Bit of a giveaway
Yes. Still in Canada. Just DM me if you want to get in touch
Amazing meeting yes and know are u still in Canada
Redundancies are about 40 in total
22 Underground the rest are geo etc.
Blasting will only be by day and crews will work an extra 1 hour per shift
Good meeting with all the remaining staff
Cost control plus todays increase in CU price will add about $550k per month to EBITDA
Hoping CU price will hold and push on to increase that
GLA
Moon - I sent you a DM on your discord pal
You just need to connect from there
Twenty redundancies.....part of conditions for refinancing...
Saves $ 1m per anum....
This is amazing time at rmm really is this is now part they finally getting themselves ready. Now next move know glad u can see it
Yea right you did loon full of chicken ****e
Hi you can message me on discord
Know yes I got info aswell send me link to contact u plz.
How did you come by this information- it’s not exactly promising if they are forced into making redundancies
Santhi, A soothing find for us battered mortals - now, time for TB to immortalise himself by pulling off a deal that drags us from our purgatory to a relative dreamscape.
Rambler have today announced 20 redundancies
Unsure what positions yet but expect most will be admin/geology etc
This moves the dial for me from a sale to the BoD wanting to carry on themselves. Still believe a decent possibility was that a hostile bid was imminent and hence shares suspended
Will share more as I get it
Im actually glad the share is suspended - let them get their stuff sorted before raising the suspension
GLA and pls DYOR
John Meyer must knows something about refinance that why he is not worried as a shareholder .sounds like debt restructure already been done and RNs is coming soon unless they sell rmm ,by the meantime copper will be $4+ .
worth a listen from 16mins.
https://audioboom.com/posts/8189066-john-meyer-discusses-china-s-covid-policy-effect-on-copper-plus-atlantic-lithium-bluerock-diamon
Definitely not with the fast-depleting inventories in the world’s warehouse that report their stock-levels to the LME and other similar exchanges.
Definitely! It is long overdue! Lets be honest it should not be below $4
Lets hope it continues! Can only help whatever conversations are happening
Think the downtrend is being broken, looking for consolidation around 3.8 and then towards 4.0 if that is held. Held Cu inventory low, will be increasing from here IMO.
Biggest rise ive seen in a while on copper Prices! Pushing over $3.6 at the minute!
Iconiclabs
Icon is not in the AIM market.