Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
All running to plan:
Commercial output during June 2024.
Rapid expansion in capacity at Zulu.
Finances from various sources will be available
Genuine experts on site dealing with the gremlins.
Potential for a dividend payout
Very pleased about the "other assets"
Tantalum receiving attention.
CEO once again acknowledges Annus Horribilis in 2023.
CEO acknowledged the existence of the backstabbing shareholders.
Well done George, we are getting there, Annus Mirabilis for 2024.
One very comfortable shareholder.
Acker
Morning Willie14
As I understand it the CEO must first issue an RNS before any discussion on market sensitive issues.
I think most of us deem the Q & A a complete waste of time and put up as a PR stunt.
"Penzance" running today,see our horse tipping guy.
Acker
Raaydaar
I agree with Wullie14,some good questions.
However,I think you know the answer to quite a few and the others will remain in the fog.
The answers to some will "require an RNS" whilst George will again use his get of jail card about not commenting about future events.
You know the foremat,you have been around the block enough times.
Acker
Snoozefactory
Yep, I accept your comments 100%
My big driving factors, I do believe in the Zulu mine,I do believe that Premier will resolve all the troubles and show the market a credible mine producing spodumene every month at a rate of approx 6/7 tonnes each month before the end of the financial year. Under the Zulu umbrella, I also believe in revenue from tantalum and the revenue stream with the Canmax project. I am comfortable with the financial aspects, although will admit it may be a little tight in the run-up to commercial production. If all goes to plan commercial production will take away much of the financial pressures previously faced by Premier and will allow Prem to make inroads into repaying Canmax.
My other driving force is long-term achievements, this is the exciting element. All the suits are pointing to a "boom" in lithium pricing during 2025, not as we witnessed previously, but certainly a tangible re-rate.This should allow Prem to clear finacial obligations to Canmax and start banking some worthwhile profits.
The old Li3 mine looks very promising with whispers of a J V agreement,the EPO has massive potential and I would put money on the CEO returning to RHA.
Put it this way, the company was surrounded by thick fog up to December this has lifted a little, now mist which will disappear during Q3 leaving warm, bright sunshine for us all to enjoy.
I remain very optimistic.
Acker
ProfitBags
I take your point and I agree.
There is only so much rope available .Should Zulu not be regually meeting nameplate by the end of Q3 then i would agree with calling for a replacement for Mr Roach.
Canmax may go for an earlier call for his head.
Acker
Redandy59
If one breakdowns the amount raised it should leave enough in the pot to achieve commercial production in June.
I am looking for first Zulu revenue in June 2024 and for the plant to continue nameplate plus thereafter.
IMO an SP of .60 at the end of Q2
Biztech gave a good video on allocation of funding.
IMO well worth the wait.
Acker