Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
the figures are based on known information, VAL would have to sign off on the cenkos report prior to publication, if the numbers were far out then these would have been amended prior to publication, so they will be these kind of values but not exact.
to be fair, much that we don't like Cenkos, their cashflow forecasts have been relatively accurate since they have come on board, and the 10k per month income, whilst it was mentioned in previous notes is not factored into any of these estimates.
do Val have to confirm the brokers note content before it can be sent out or is it just sent out?
It’s worth remembering there was a placing in recent months specifically aimed at raising cash to cover the cost of establishing the Lab, £1.5m from memory
From porkys post below (cenkos) admin costs have increased by 200k and equipment has cost 350k, this doesn’t include the savings of approx 200k they won’t be paying to an external lab, so all is looking good to me
I read and remember everything, unfortunately I don’t remember wages for the lab costing that much, infact I do remember the bulk of the costs being offset by savings from not outsourcing the work on existing evaluations which have already been costed for
I’m happy to be shown something if I’ve missed it though
It is really worth reading the whole article on the link, it really does debunk some of the carp posted on this forum
Val is heading in the right direction and have got their strategy spot on
https://twitter.com/Inaphaea/status/1636706739683721217?s=20
https://twitter.com/valirxplc/status/1628364125876150278?s=46&t=hB6kN_sUBck6H5fjosngmg