Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
He's already said he won't do 4k first month - at 50 a day that's around 1500 first month - however he stated constant improvements, so may average 80 a day over the month I reckon - then possibly 100 or so a day from next month. Either way, we are producing, rather than intending to produce, so there is income due in. Therefore shouldn't need to raise as there is now cashflow
To be fair, the mill wasn't Starks mess up. The mill was a 2nd hand unit brought over from RHA - this is documented on the Twitter from August last year - and it looked rubbish did the video of it running back then - looked buckled
For money to be paid back, there has to be a loan of sorts - whether paid back in cash or product. An advance was paid for an expectation of return - Hence advance paid to PREM for a favourable return. The initial interest being a discounted product
yes, a failure will result i assett takeover, and this was in the small print that caused uproar with the investors at the time
I'd be happy with that, but for a buyout, we need the share price to be as high as possible - Hopefully we have external sources that can pump this to the max prior to the announcement if that's what is coming next week