Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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AFP and Xtract amongst the 12 stocks last year. Already this year the picks so far, have included AFP again, and Galileo from the CB stable. Interested to see if the roast boys have lost any of their confidence and in their support for Xtract to include this year.
Still 6 more to go.
I'll/d not bother even looking into such rules Andrew, as - 'as a rule' - CB seems to take AiM rules as guidlines more than rules.
Happy NY All
Adv..showing some substantial buys including one at the long overdue price of 2p and a rise of +.05. My broker ii showing +0.1.
Is it too early to break out the Guinness?
Happy to see rise on last day of trading for 22. Let the correction begin.
GL
NtM
I'm not too bothered when we get them but I wonder if there is some Aim rule that states you have to get quarterly results out within a certain time period? That period being within 3 months of the end period?
As this is our only current declared income stream, it could be considered to have a material affect on the SP - hence it may have to be released tomorrow ?
I think the FB start up has a few teething problems hence why Empress said first results will be out by q4 then said or q1. I suspect we wont get FB results until February.
I would be very surprised if we didnt get alluvial results tomorrow for the reasons I've already stated - but I could be wrong !
If he could get a Fairbride Gold production figure for Dec by early Jan, then i'm all for CB waiting til early Jan to give us that Q3 results update, Andrew. (we've waited this long.. so what's another week )
ZM >>>I, for one, would like to see a share consolidation as a penny stock with 860million shares in issue does present a rather less than serious image, and points to a history of multiple cash calls.<<
Thank you for the response, that was my original rationale ZM. If and when the company does cement that position to be self funding with positive cash flow then it’s likely at some point there will also be up to a billion shares in issue. So a share consolidation ‘after’ full dilution would certainly represent more a reflective image once that ‘potential’ financial position is achieved and with the stable of quality assets and the potential they all hold.
Certainly with some luck and continued good strategy, can see mid cap potential as Xtracts development as producer and an explorer grows.
Quick fire summary update is reflected by copper futures continued uncertainty. But with supply shortages, its expected to see the copper price rise next year at least. Then once global demand ramps up then it will surely see copper rise above all time high of $5.02 per pound in set in March 22.
Since the $4.62 lb previous high back in 2011, current copper price would need to hit roughly a minimum of $6 lb to be the same value taking into account, inflation adjustment and any erosion of the US dollar since 2011.
Copper futures are set to close December at $3.8 per pound, booking a 15% decline in the year as sharp recession concerns offset the looming supply worries for the metal, a key gauge for global economic activity. Soaring Covid cases and an unstable, debt-ridden property market in top consumer China pressured the world’s second-largest economy and reduced demand for industrial inputs in the year, underscored by the NBS showing contraction in Chinese factory activity for seven months of the year. Still, looming shortage worries limited declines and ramped up expectations for higher prices in 2023. Output from top producer Chile slid 6.7% in the first three quarters of the year, while mine protests in Peru added to low production. Commodity trader Trafigura warned that global copper stocks have fallen to record lows, with current inventories being enough to supply world consumption for just 4.9 days. Also, mining giant Glencore estimated a supply shortfall of 50 million tonnes in 2023.
* trading economics.com
Good post!
A very thin day of trading with only 11 individual trades completed. Almost the whole circa 800,000 volume was accounted for by a 500,000 trade classified by ADVFN as a 'sell'. However a poster on another board posted his trade confirmation for that trade which was indeed a buy, albeit below the mid-price. The slight tick up in SP occurred at 8am thanks to a UT trade of just 67,233.
I, for one, would like to see a share consolidation as a penny stock with 860million shares in issue does present a rather less than serious image, and points to a history of multiple cash calls. A higher SP/lower shares in issue would also allow for tighter spreads and finer % movements in the share price. Both of these effects should lead to greater traded volumes and will bring in new blood to the shareholder base.
I think I'm right in saying that we have never had alluvial quarter results later than 3 months after the end period. I think 30 Sept was the latest ever and that was for Q2 results ending 30 June.
So unless we are going to have alluvial results later than a full quarter, which has never happened before, we should get Q3 results tomorrow.
I will be interested in Guy Fawkes results as they seem to be increasing production. From Q2 "The results for the June quarter are fairly consistent with previous quarters with Guy Fawkes slowly opening up areas for production. "
Less than 50Kg poor, 50kg to 60 kg expected, more than 60Kg good. (IMHO)
If the company is seen to be a serious investment opportunity for more wealthy individuals and influential investors. To also attract more attention from market analysts. ‘A favourable view from analysts is excellent marketing for the company.’ Which in turn means they would be more likely to pop up on the radars of bigger institutional investors. Particularly if xtract can take that leap foreword as a profit making company and sustain a strong positive cash flow with the financial demands of current assets.
What are the possibilities of, or the likelihood of a ‘Reverse Stock Split’ otherwise known as share consolidation?
Say a 10-1 consolidation. It would raise the profile above being a penny stock as a higher share price would attract more attention from market analysts. Yes, a consolidation does carry a negative connotation and could be just seen as an accounting gimmick, but not if the company is showing positive cash flow.
Could there be a strategic advantage if is timed appropriately?
How would a consolidation affect the ability of MM’s to create or manipulate liquidity?
Would it reduce volatility?
Maybe one for you NicetoMichu, value your opinion with experience on all things AIM.
Any informed opinions welcome please.
>>>Rinse and Repeat. Excite PI on a prospect and move onto next prospect.
What next prospect is that then?
Eureka I hope. But unlikely while the concentration is on BR. Not sure you understand the position the company are in now, with income from production side of the business that will sustain a positive cash flow to cover operational costs firstly, and then be able to grow the assets on the exploration side in terms of increasing current mineral reserves to extend LOM’s on the producing assets to bringing Bushranger closer to the global market, all the time increasing value with every drill and at every subsequent decision point.
I think any future fundraise would only be to keep the momentum the company will need to sustain the drive toward its current growth strategy. Wether that be to cover operational costs in the short term as fairbride ramps up, or for similar reasons to maybe have in place the cash in treasury needed, to cover the contractual costs of the next targeted campaign in Oz. But would hope there is enough in the treasury to avoid any further dilution.
I certainly don’t believe the company will just sit it out and wait for market conditions to change for the better, by parking up its most valuable asset, to simply move on to the next thing!
What tosh.
CB is - very - wealthy from previous company sale and so his salary here and elsewhere is fairly incidental on a scheme of CB overall wealth imho.
Also, per Andrew's updated holdings post yesterday, CB has a - very - significant shareholding here and this s/p going from 2p to 10p for eg is worth far more to him than a few hundred k salary over a bunch of years.
That said I do accept he's far too stretched across all his interests, and is also very much a thrill of the drill type guy, including a somewhat short attention span with that.. and has 'strong marketing orientation' too.
Generally, I still have significant hope for Bushranger being a very good asset for on sale value here, in due course (late 2023 early 2024 for eg) and we have Africa Fairbride gold coming meaningfully on line in q1 2023 here too.. so in the round I believe sub 2.5p to be a good buying opportunity here.... and sub 2p to be a very good buying opportunity here.. (and I've topped up again this morning ..my 4th top up thru the Christmas period alone)
PS: My guess is he has been holding off on Q3 Africa Gold Prod/Rev update so he can include an indicative update on Dec. Fairbride production.. which I hope will show decent progress from November..etc.. and also him be well placed now(ish) to give good colour on where Jan and Feb might take us in Fairbride Gold production context. And off the back of this upcoming Africa Gold Update I'm hoping we go back to 2.5p plus s/p here.
IMHO & DYOR
Zak confirms the very oversold nature of the stock and offers a near term target price of 2.5p - podcast today.
https://tinyurl.com/4ak8938y
CB has to be over enthusiastic as his bread and butter are PI's. He leads a good lifestyle. Rinse and Repeat. Excite PI on a prospect and move onto next prospect.
There is an Alex Terry on LinkedIn, who works as a Program Director with Barclays Wealth, who are also a large shareholder. His job seems more technical though., So may or may not be relevant.
Global economic uncertainty is influencing ‘futures’ volatility but with Chinas shifting stance on how it is dealing with Covid is welcoming and could be very influential for that increase in demand for commodities.
Copper futures surged to $3.9 per pound level, the highest level since June 22nd, amid hopes of demand revival in China after the world's second-largest economy announced it would stop requiring inbound travelers to go into quarantine starting from January 8th. Elsewhere, prospects of lower copper production in South America continued to drive shortage concerns. Output from top producer Chile slid 6.7% in the first three quarters of the year, with mine protests in Peru stifling the activity. Commodity trader Trafigura warned that global copper stocks have fallen to record lows, with current inventories being enough to supply world consumption for just 4.9 days. Finally, mining giant Glencore estimated a supply shortfall of 50 million tonnes in 2023. Still, copper is down more than 11% so far this year, as global recession concerns mounted after major central banks delivered hawkish outlooks on monetary policy to curb inflation.
• tradingeconomics.com
As well as CB's holdings, the other note worth holding is Alex Terry. He s not a MM or broker as his holdings have always increased and in round blocks.
Whether he is a HNWI or acting on behalf of an investment company, he is obviously confident of the future prospects by keep increasing his holding, and moreover by 6M recently even after the sharp fall which may have spooked some.
Obviously not Alex Terry. Maybe he has done some research :)
It's the CB holdings increase that's the most interesting part of that post imho... and I note Andrew separated that from rest ...to point such out, I'd guess.. but how exactly that extra accumulation happened - as most here have long realised, no doubt, I'm not following this share closely enough to comment on.. - eg salary as shares, vestings, conversions, bonuses in shares, on market purchases ..etc.. - but Andrew on the other hand follows this exceptionally well/ closely.. and so maybe he's well placed to comment on this..
I think that’s the total shares held by the broker for individual shareholders.
Clearly by choosing not to invest!
Interesting knowing who holds what, I wonder how the big boys react to CB`s over the top statements.
https://xtractresources.com/shareholders/
For info, if anyone is interested.
Just been updated on website from 8 Dec.
Changes from last recorded in June 2022. Latest holding stated with change from June holding in brackets.
H and L 155M (+10m)
Interactive 95M (-8m)
Halifax 71M (Unchanged)
Barclays Wealth 52M (-4m)
Alex Terry 52.25M (+5.6M) Those extra bought after big drop in early dec.
AJ Bell 49M (+7m)
Colin Bird now 16.754M (+2.168M)
I believe listening to CB's overenthusiastic podcasts have cost many here a great deal of money.