Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Why we have CGP shares, assets to sell and there’s always a streaming deal to be had …… no dilution I can see
Mrprt.
You concentrate on topping up for the 35th time.
And leave the discussion for the grown ups.
There's a good boy.
I agree Ray , I expect a flat finish. Market wants this sold or producing.
Mm's may bump the sp on open to trap a few and fall back later imo.
Fingers crossed 🤞
Realistically, I suspect we'll need the new IPA and other licences first. Either that or the government gives the nod to a buyer that it's only a matter of time, which I can't really see as being sufficient.
SC has delivered the first step, which was a critical one. Now he has to complete the task.
The RNS sink in, let the majors read all the small print before making their first move, Scott now needs to talk the talk, and get the investment case out there!!!!!! should see a decent rise today, imo
Great step, finally. Now let's put a "for sale" sign and get the bidding war started
$1.55bn capex (a bidding war next would be amazing).
Just remember the last time SOLG issued a PFS, the shareprice was 30p rangs and rose to test 41p. It then stayed in that 30p channel for a few weeks. SOLG only had 85% of ENSA then.
Now look, we have 100% ENSA and a much better PFS with realistic budget.
The sp is 6p today. Yep 6p. So just let that disconnect soak in for a while. Markets are markets but the market was happy 3 years ago to price SOLG at 41p on a PFS that was no where near as good as this one.
The world's gone nuts!
Now let's get the bloody thing sold!
Novice. Let your mum decide where to go shopping
I suspect she will still take you to mothercare, till your a bit older
There you go and quelle surprise ... just like I predicted, not sure about blockbuster but good enough to get us back to 8p,
will I do my online shopping at Aldi or Waitrose later hhhmmm
So the 'early Q1' was correct then and Scott missed it by a day.
Can't fault the revised PFS. It ticks all the boxes. Would have preferred the IRR at 25% but 24% is very investible and 33% is the more likely outcome imho as copper prices rise in future.
$1.55bln much more realistic and an achievement considering the old $3.4bln capex would be more like $4bln right now.
I agree with Bozi to some extent... they really need to understand markets better and how they work. They should have done the MD&A on Monday and then issued the PFS wednesday.
There will be a few that sold out yesterday who will not be very happy with this news arriving today but if shorters have been involved and SOLG know foul play is underway then perhaps todays news release is designed specifically to catch them off guard and hurt them just like they have hurt us? Sometimes you get a bigger share price reaction when you catch shorters off guard.
This PFS is more than marketable... it will have lots of interest from buyers and finance players. Especially as it leaves 82% of resources untapped.
So looks like funding to follow then.
I'm not convinced. Funding questions still hang over the company. They should have extended the working capital pot first.
Will be happy to be proven wrong but i suspect we see a +10% day best case.
Bozi, I suspect the release was timed in order to put a stop to the hysteria. Hopefully it will.
Bozi maybe they planned Monday, but saw the market reaction yesterday to them missing “early Q1” by a day and felt they couldn’t risk waiting!
Nah sorry Add, it's poor. Friday is well renowned with investors as a day to bury bad news so naturally, any news released is generally assumed to be negative.
They should have gone for a Monday morning release with accompanying media.
As for the study itself... I'll refrain from commenting. I'm not as encouraged as you but in a similar hole so will let my concerns slide for now.
Thank you addicknt just about to get up and grab a mug of tea.
IRR sounds excellent, mine life not so important at this time, but obviously required for the calculation.
Development costs at the top end for the open cut, but sounds like we can obtain the financing and finally start construction.
Will comment further when I have read it.
Bozi, come on! Let's be thankful SC delivered more or less on time and that the study is encouraging. It's certainly one in the eye for those who were howling at the moon yesterday.
Ofcourse it looks good adikt,
It's those rose coloured glasses
33% pre-tax IRR. 28 year mine life. $1.55bn capex.
Well, let’s see what that does, and how the market reacts. I’m hopeful of a significant boost from this ridiculous low level.
Why have they dropped it today. Morons.
Monday was ideal. Let shareholders have the weekend to calm down after yesterday's calamity.
Just when everyone was starting to think it was like a mythical unicorn
PFS completed. First glance looks good.