Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Cygnus
All that depends on a number of positives coming together. Ie timeliness/deadlines, POC, successful drilling campaign and no more dilution. Cash coming in won't cover drilling. If any one of those failed then it would not be worth the wait to see if we will make a profit on our investment.
Steve. At the time it wasn't being sold to us as RC, Ascot, Footrot et al. It was all about RC.
I'm sure if we drilled the whole of Australua we would get to many many multiples of 2mt. But would that make it a world class asset?
Probably best not to take everything Bird says at face value. See attached from RNS today on Xtract.
Roughly half the amount of contained copper that he has been spouting on about for months.
"For immediate release
23 November 2022
Xtract Resources Plc
("Xtract" or the "Company")
Racecourse Prospect Updated Mineral Resource Estimate
The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce an updated Mineral Resource Estimate for the Racecourse Prospect, on the Bushranger Copper-Gold Project in central New South Wales, Australia. Utilising all the data from the recently completed Phase 2 diamond drilling programme, independent consultants, Measured Group Pty Limited ("Measured Group"), have prepared an updated Mineral Resource Estimate for the Racecourse deposit.
Highlights
· Following the completion of a substantial drilling programme by Xtract, independent consultants, Measured Group, updated the historic Inferred Mineral Resource Estimate for the Racecourse Prospect, which is now reported as 512Mt @ 0.22% CuEq*, at a cut-off of 0.1% CuEq, containing 1.1Mt of copper equivalent metal and classified as Indicated and Inferred in accordance with JORC (2012)
· The Racecourse Mineral Resource contains 50Mt @ 0.25% CuEq which has been classified as Indicated in accordance with JORC (2012)"
Terrible result (compared with expectations set by Bird).
But it doesn't just condemn Bird. It also condemns the usual rampers on here who for many months vilified as trolls, anyone who dared to question their fanciful valuations of up to 35/40p.
Seen it so many times on AIM.
Sold at a loss yesterday at 210p, having recovered over £2k of losses in last month. To paraphrase Warren Buffet. Never be afraid to take a small loss.
Expecting these will retrace a bit so hopefully not too long before back in. Maybe even before XD date.
Agree with most of that Aug. And yet given all the faults of the modern Tory party, I still cannot dare to contemplate the alternative on offer.
Having utterly shafted the popular Brexit Party at the last election. The useless Tories are currently the only barrier to us becoming a fully fledged Marxist country.
I just wish upon wish that political commentators would desist from the lie that we are the 6th richest country in the world. I would accept that we are the 6th biggest GDP in the world, but, built on a massive pile of debt and the service sector and more and more of our assets in hock to richer countries, we are well on the way to basket case status.
Remember all those fancy get rich quick ideas that Foo kept spewing out. Such as mobile phone energy wells. CNG, 100 mscuffs per day etc etc?
All total bulcaca from a self serving fantasist desperate to deflect from his greed and miserable failures.
I know they are placing all their hopes on matanda as a company saviour but I still don't get why in the meantime we aren't raking in loads of extra sales from current energy crisis.
Re. If you want dividends now, buy a stock that pays them rather than a high growth stock that you keep bellyaching about for not paying them.
Only trouble is we're not getting either at the moment. Thankfully my low average means I can afford to wait a while, but not forever