Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Speaking of taxes, C-B seems to be having trouble raising any...
From BrazzaNews last week there was a report about the preventive detention and fine of the head of customs, for alleged forgery of documents and misappropriation of funds.
Today sees :
..." 1000 billion FCFA in revenue in 2024, this is the objective set for the Congo tax services under the leadership of DG Ludovic Itoua. A real cover-up, his place is in prison. Sassou must stop running this country like a family grocery store. #Chezmoiaucongo.."
.."Why does Congolese customs only mobilize 100 billion FCFA per year, while Benin's customs revenue amounts to 700 billion FCFA / year? Where does the Customs money go? A real mafia in an organized gang. #Chezmoiaucongo..."
.."How incredible is that??? Senegal makes 1500 billion per year. There really is something fishy going on. Having lived in the Congo and importing food to Brazza, I find this strange!!!.."
The natives are getting restless.
GLA
Not been out of this over the weekend for 12 long years! Still think the SP is indicating LTHs are going to be very disappointed! Veteran10's 60p may well be optimistic - I suspect most of the value will be trousered by whoever gets away with a low offer which is accepted by GLEN and Elphick as majority shareholders. Except they won't have it that easy as other offers suddenly materialise and money talks!
I won’t be going anywhere Driving
2weeks+2 days until costings updates, and hopefully MOU’s with port + strategic partners..
Volume picking up.
Really wouldn’t want to be out of this weekend!
Gla.
I reckon MK@zanagairon.com is the elusive CEO's email...Worth a try perhaps.
0777 close your PC and take a look end month and read the cost update, and for myself I hope I will be happier than today
It is the overwhelming agony some marathon runners experience when they can finally see the finish line, they collapse within meters of the line but crawl over to finish..
Trying to be patient but this is becoming extremely difficult
Ukraine estimates min $500-800bn needed for rebuild, and it's safe to say that will double. Rough estimate of steel needed to support the effort is 3.5 million metric ton. This is expected to drive steel and all supporting commodity costs significantly.
I guess plenty of steel producers will be looking for iron “shovel ready” projects to ramp up production.
Gla.
MM has offered a prediction of 300p at that stage. I have a conservative 60p but would obviously hope for more.
Totally agree -
Nibj-Well put & 100% agree.
Gla.
I think the result of FS and details of Mous will give us all the chance to either stay in or sell as hopefully the full plan will be visible for investors to evaluate if they want to wait and join the journey for the long run or if they want to get out finally...
Certainly feels that way.
Hey Ho the kids will hopefully benefit from it, or maybe the grandchildren
We'll all be in our coffin's by the time this comes good 🙄
FFS get this done I am getting old
I must be missing something. Are they saying they can build the railway etc. in just 18 months ?
Https://m.miningweekly.com/article/guinea-partners-get-15bnfunds-for-top-iron-ore-deposit-2024-04-09
“Simandou is no longer a dream but a reality,” Djiba Diakite, head of the strategic committee which led the talks, said in the statement. “There is no doubt that the project will be delivered on schedule by the end of December 2025.”
..bodes..
Its non appearance boxes well??
Frank Kane is Editor-at-Large of AGBI and an award-winning business journalist. He acts as a consultant to the Ministry of Energy of Saudi Arabia and is a media adviser to First Abu Dhabi Bank of the UAE....
Consider the source.
GLA
The author makes a good point about UAE not having as much home mining potential as Saudi Arabia. Praying they battle China for ZIOC.
https://www.agbi.com/opinion/industry/2024/04/frank-kane-gulf-mining-minerals-big-shovel/
I see you just bought 1 more share :)
Driving no it was not my purchase. I have enough and similar to you. I think April will be very interesting reading once we get the promised RNS as they said in the last RNS. for me the costing report is really important for them to make further progress
SD- also sent to our nomad..
One must keep trying…
Surely there comes a time when a CEO must “speak to the poo on his shoe”?!
Gla.