Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Sorry slightly off topic but just wanted to share the link below it’s a great insight into the markets.
Its on every day live at 2.00pm hosted by Gareth Solway at Verified Investing.
https://www.youtube.com/watch?v=vUNWcUMKB-Y
Totally brilliant chart analysis.
Enjoy
Harry has be very clear in many interviews that he would not start the community resettlement program until he was certain the project would be going ahead, so the the financing mut be sorted one way or another..
Gold hits new all time high... GoGold!
30p will get taken out if we remain here , PAF must be making a fortune at these levels..
Sorry TCM I didn't make myself clear, I have been here since 2010 and lost an absolute bucket load back then on this share.
I made a lot on paper initially and then lost a lot for real and some on paper still in my pension fund which still is underwater massively, bought at £3.50ish. I don't blame other for these mistakes I've made but this is my situation.
The 18 months refers to the 500k shares I bought in that time frame because I thought Navitas were the key to this happening and still do.
I had basically written off my initial the losses until Navitas stepped up, there is some hope now of recouping these losses with my larger shareholding now.
Thanks for the calming words LLT,PD and D1, (although I did ask politely not to say the word patience LOL) I feel we must be at the level of black hole darkness ATM from the official RNS point of view!
I will hang in here a little longer as I do believe it will come good and make up lost ground and then some, eventually.
GLA!
I don't know about that article being a waste of time but putting money into this share sure is a vast loss opportunity cost over the last 18 months!!!
It's like watching paint dry this SP.
Many of my gold stocks are up 40 to 100%... unfortunately my biggest holding is in RKH...and please don't say patience again .
So correct me if I'm wrong.
They have taken out a loan from the company to purchase more shares in the company and put up collateral of other owned shares which they will receive no dividend on, presumably as a form of interest payment for the loan...
Have I got this right?
Sorry slightly off topic but just wanted to share the link below it’s a great insight into the markets.
Its on every day live at 2.00pm hosted by Gareth Solway at Verified Investing.
https://www.youtube.com/watch?v=n824UOjEPpY
Totally brilliant chart analysis.
Oh BTW I do also hold Kefi shares :-)
At an AISC of $1350 even at $2200 they must be racking it in now.
Also a pull back to $2200 will only get people buying more who have been looking for an entry point for weeks now...
There is a possibility of a further pull back to 2075 the break out point of gold but there would be massive buying at that point , I don't think it will get to that level personally.
At $2200 gold, there could be a breakout for PAF above 24p if they increase Ozs ,but probably not if they don't.
Just to clarify G-NBC did you mean profits of $76.2m?
Also I think Cobus is low balling the second half production figures so there could well be a revised number.
I am not aware of any major works that need to be done to bring down the H2 to 86500oz from the H1 figure of 98000oz.
Just bought 2 X 250,000 shares, back in again since exiting all positions back in March 2011.
Lets hope they can stick to their timeline for this year.
Made good money back in 2011 hoping for the same this time around.......
Anyone wishing they were all in on gold and mining shares ATM instead of this dog currently.....
I'm about 50:50 weighting gold/ gold miners :RKH
but that's 50% in RKH going nowhere....
The gold/silver manipulators have lost control. Prices now set in the east....
Gold just broke its last all time high tonight, hopefully a lift in the SP tomorrow.....
"To be fair RKH hasn’t been a good investment up to now, the management are clowns." the first part of that statement by Finley1 can't really be argued with in recent years, the second is also probably true.
Navatas have come on board but I bet they sought out Rockhopper and not RKH management team that found Navatas.
What really annoys me about the management is the complete lack of any publicity for the fantastic project they have, No interviews with any of the oil related websites, No Youtube videos, No PR whatsoever is seems.
Shareholders need to feel engaged and continue to hold. potential shareholders need to feel the enthusiasm that needs to be expressed by the management about what is going on.
All of this in someways doesn't matter, what will be, will be as far as the project advancement goes, but if they have to go back to the market again and raise funds 12p , I am not going to be best pleased.
I did try to buy another 10K immediately after and I got a good quote clicked with 7 seconds remaining on the quote but the price moved and they did not honor the quote and rejected it!!!!
just tried again to see whats happening only 10K being quoted ATM.
Max quote on IG was for 10000 shares seconds ago, they are short of shares, points to up tick in price . I did buy the 10k, but I wanted 20K but could not get a quote. bought at 13.28 I think.
Finally some recognition of the progress that has been made here.
Lets hope it continues
gla
G-NBC
No talk of an interim dividend, but dividends are a company priority and may increase.
Also a share buy back program has been discussed, but its unlikely to happen until Mintails is up and running or they might prioritize paying down debt quicker--- to be decided later
Reading between the lines Loots knows that PAF will beat the expectations of 180,000 to 190,000 k Oz but he does not want to build up expectations!
I know norseman and the second last trade of 12K was mine and I already own a shed full of them, not a lot of skin in the game from new investors!! Could it be that, just perhaps (no surely not! ) that no one knows the progress that has been happening here or perhaps its a big secret and only those that closely follow this share know anything. Perhaps a few words from the hierarchy on an oil focused Youtube chat show might help... just saying.... oh sorry I forgot it might interfere with the golf schedule..lol