Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
@losesalot this has "potential" to bag even at conservative price estimates and costings.
the resulting SP of course will depend on financing... and history will show you the dilution to equity, so I hope the asset is not sold and a development is debt financed
Now for the rant....
SRES should have gone gangbusters by now (5yrs of acreage tenure).... but SRES is a story of non-delivery
history will tell you forever the lack of tangible progress in SRES
recent press release will tell you SRES is struggling to get its toe in the door - Pozz demand is high - great - but the supply chain is 'jammed' - and SRES has not progressed CS at a fast enough pace and is now on the outside (meanwhile Kirkland goes in to production mid-year according to Boral investor presentation)
increasing capacity through the supply chain will be slow - and further delay SRES getting its own rocks to market
always always behind the curve chasing tail
even the keys to a Porsche won't make it go if they're in the hands of a monk
if project delivery was delegated to a project manager 'mindset' I think SRES would be in a different place. All credit for "seeing" these above ground mounds and staking them. I've looked at the presentations - and they're tough to spot amongst the flat surrounding land. But this rock should be in sacks by going to market by now.
So its frustrating - even a modest sum invested could deliver a windfall to investors...
I would like to see CS developed by SRES. A source of cash flow to reinvest and develop surrounding potential. Turn the plot into a cash cow. That was the Board strategic goal 5 years ago.
Another benchmark: Nordstream 2 is closer to operations... the relative complexity is off the chart and yet look at the timelines for such an ambitious project. People get things done... is the point.
Not sure I can bring myself to watch tomorrow...
@losesalot Not when the mr bean of mining is at the wheel
The deposits are above ground and undeveloped after nearly 5 years
Likewise surprised by HL.
HL offered a voting service for recent RMS GM resolutions. A new icon appeared under Actions that led to voting.
@joshthom93 @leobc20
much appreciated
GLA
@leobc20... "I've gone in on this too"... could you elaborate how far is "gone" and perhaps how/who with etc.
Hfx said they don't participate in IPOs for clients. HL collecting interest from clients to keep them informed of progress/news etc - but may not be active in the IPO for clients.
Thanks in advance.
Zendog - possibly - but if so I'd use different logic. The placing put cash in the bank - so they have some working capital and therefore time to get themselves organised without being pressured into sales contracts. That said, if orders are strong - then they would need to be thinking medium term supply deals that could cover the investment of another machine. All in all - would be a 'nice' problem to have. It would just be so good to see the SP hit at 5p and uptick over to 10p over the next months like any nice share would do. All the anxiety of those with losses could float away on a viricidal mask.
@Pingu777... plenty of worms to be shouted at in RMS... be nice to the garden variety
Available in batches of 10,000, naturally
How about "NanoCream" - comes in Ordinary, Option and Warrant sized tubs of bull-$hit flavour.... made fresh at Nottingham BioCreamery
@hopsta999
thanks for sharing...
a very good reason for those at RMS and Notts BioCity to bring a quality mask to market... let's hope they deliver "the must-have" mask product. some very interesting comments about other countries....
https://www.bbc.co.uk/news/av/health-55877540
GLA
@Brooko19 - good luck with the top-ups. I've dipped in and out on this one.
Do you have an outlook for ESC ?
@supremespod - have you considered a scenario where the places did not intend to vote as no-one considered prospect of a PI vote against. Just possible that the placees did not intend to vote as they would require announcing themselves - perhaps there is a reason they did not want to that. I never did figure out why there were two book-runners for the placing. Perhaps one was brokering to placees which the Nomad did not want to engage with. It's the responsibility of shareholders to inform the company when thresholds are crossed. So may be there is whole bunch of things coming to light that are getting sorted out. Including the new broom continuing to sweep clean and/or strike deals. The hot money will return and bump the price - its too busy today chasing covid-recovery shares and other speculatives post-warrant vote. All IMO
@Brooko19 - what's the commercial logic for your SP downgrade ?
+ves would be buying Paris franchise. opening of Kingston and Watford, on-line and post-lockdown. Popularity as I understand is stronger on the continent. My take is this is a corker.
Interested to hear your logic for downgrade from 25p to 20p.
@SupremeSpod
that's a flood of shares to be sold; I would have thought the SP would be driven lower on that kind of volume, so I remain optimistic there is support for RMS. I'm no less peeved or hopeful than the next PI. My only point is I reckon there's some "corporate" dust to settle before a meaningful Operating Update RNS is issued.
@jodrell13 - it's not correct to say "no masks produced". "Batches" were produced that were sent for testing (refer back to RNSs). Us PI's should recognise there is a lot of fall out from the warrant vote. TB will have never anticipated the vote. Neither will those who took up the placing. Collectively they over played their hand. I am confident this will still lead to something. It's more complicated behind the scenes and still being worked out. All the same, pretty tough to watch a blue day across many other shares.
@PIface
I should add... I gave you credit for not believing your list. Figured it was merely a contrarian view to get some real thoughts out in the open. I hope your post gets some considered replies - otherwise its going to attract some rough responses on this BB.
@PIface - When it comes to Corporates: don't forget Ford; Hoover; GEC; Standard Oil; alongside "today's" FAANGS. The histories and legacies of these corporate are incredible and took place over a generation. Rather than discuss (a bit busy enjoying the UK market showing support for ARB). Rather than chip away at your list (way too easy :-) ), I'd counter your list with a second list. Here's a few to start with:
- visionary
- early adopter
- blockchain
- stone age; iron age; crypto-age
- agricultural era - industrial era - neoindustrial era (characterised by AI, crypto)
I hope others share their thoughts.
GLA
@roster - very interesting perspective... and entirely valid. Natural resource mining is full of "nasties"... from extraction methods (e.g. fracing), chemicals (e.g, nuclear isotopes); toxic sludge; poor work conditions; not to mention misappropriation of petro-dollars by corrupt regimes; armed conflict caused by mining rights/access to. It's a painful and long list. Certainly access to green energy gives every opportunity to mitigate negatives associated with power crypto -mining power consumption. If big "oil" can have a goal of "net zero carbon" (that used to be an oxymoron) - crypto mining is very well capable of managing its ESG footprint. Someone would need to be poorly informed to think otherwise - but it is down each mining co. to responsibly source the energy - or risk the reputation of the industry. All the more satisfying ARB's decision in Texas. Way-2-Go-ARB !!
Would be very interesting to hear about recycling options for worn-out mining units.
I wonder if the watts generated by Peleton users could power miners ?? A type of "Health to Wealth" plan.
@yakya
a lot of people will have experienced similar to you (losses!) - so first of all don't be hard on yourself. if it has happened more than a couple of times an exercise to revisit each investment and the related trades from the time you first bought the share. make a post-audit on the reasons for your decisions to "buy" - "hold" - "sell" - and then cross the SP chart through to today's. A proper look back analysis helps. I don't mind sharing that I have experienced various things: thinking I had researched when perhaps I had but did not 'understand'; being contrarian and then impatient/concerned as the bottom hadn't been reached; dastardly activities of directors; over extending on a single share; buying on a ramp price. What I would say is - I have had more shares on my "watch list" & "invested in" that have "eventually" ended up in-the-money than out-of-the-money. if investment decisions are not 'going your way' time figuring reasons why may help you get back on track. there's a ton of advice - quotes etc that could be offered - but looking back at your past decisions ought to highlight important aspects of your approach to decision-making.
GL