Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
My take on the rumblings of the BB is the following.
Sandeep calculated that the value of Havieron is 840 million USD based on our 5% assessment and do not forget that SD stated it was the low part of that assessment to ensure we were not too far from NCM calculation so a billion for Havieron and Telfer is about right seeing i value Telfer at 1 ozzie dollar as its been written off a long time ago.
Cross listing in Oz is good as far as i am concerned but a full listing for extra funds only at a much higher share value than now like 25 p and only at a premium.
I do not want consolidation as in most cases they fail, but if the resource is increasing and we are in production and found another ore body somewhere or bought out another producing miner then a 10 : 1 consolidation should be ok as the SP can only increase above the consolidation SP.
I wonder if Sandeep was pushed out as he was not in agreement to sell NCM seeing he spent so much time getting the company back to an even keel and set up for future profits. Don't forget NMM put in their first bid some time ago.
I know a lot of conjecture but enough to consider. DM
Last month SD said that he will be in London during March and talked about another town hall meeting, i wonder what will go on before his trip and so important for this THM as last month before NMM turned up there was nothing to discuss until August when the delayed MRE2 or 3 and DTM could be disclosed very interested and getting very close to real information. DM
paid 2000 bps for my 1st million in 2017, hindsight is nice as i spent 50 grand for my next 5 million over 18 months should have spent the lot in 2017 for 25 million shares, but there again who is to know, had some sxx before they took off but sold out this was when they were looking for cobalt in China and then CO2 cave in USA sold then so good in the end seeing what happened near to my town Whitby. DM
Hi Culpepper, with the present GGP BOD with all their expertise i would think when this present adventure is over GGP must own at least 51% of the projects so we have control. Why have all these guys to play second fiddle to another company. For me, we have to own at least 70% of Havieron deposit, 100% Telfer and 100% of JV and our present 100% projects until something is found and hived off with royalty payments if deemed too small to manage. Quickest way to get to div.'s is to buy Telfer, start paying off loans and bring Havieron on line. Add ons is a find in other projects and of course find another load of gold at Telfer. DM
Hi Bamps. The Telfer hedge on gold production has to be taken into consideration for the length of the contact. If Telfer is sold the contract will remain even if the POG doubles. The upside on the hedge means that NCM has to make a lower value on Telfer if they put it up for sale and if NM take over NCM the hedge might just force them to sell on Telfer as well as Havieron and JVs. Just a thought. DM
Well i hope they get on with it before the POG increases, as i understand NM made an offer some time ago and the only thing we don't know is when and knowing when would tie up the ends of the unknown and everything will click together. DM
Hi RH another thing is that SD was very happy with the 5% outcome and a possible inclining as to where we are at this time. Might have cost us a larger amount of monies if the present scenario play out in GGP buying out the 70% of Havieron? DM
Thats what i said earlier, special divi. For me it is to keep our 30% of Havieron come what may as its the base to the company unless as SD said it would have to be a eye watering amount. Havieron is the key for Telfer and that's GGPs ace in the pack for who ever takes over NCM or even if NCM decides to stay independent our ace still holds and to appease NCM SH they might take a lump sum bid for Telfer/Havieron which for me is why we have a strong BOD and why they are there. Most probable SD has figured out the present situation and placed his bets a while ago hence BOD and banks in line. All we need is to get a good drill result in Black hills or Scallywag and we are off to the races win win as CB said. mmm wonder what he knows? DM
Hi MF, makes no difference as it will be FMV in both cases, i rather have a true present day value to increase the SP then try to fiddle around with the big boys. Full price FMV means we can go to the banks and other investors and make a very good case if the position changes and 70% of Havieron and Telfer become available. Better to be forthright upfront than to pxss around like NCM have been doing to try to get Havieron on the cheap. DM
Hi Bamps, take a look on UTube where there are many experts from many companies commenting on Newmont TO of Newcrest, its about 50% saying its a good deal while 50% saying its not. Barrick have stated no to a bid while one of the commentators is saying they could enter later on seeing how the play unfolds. Just enter Newmont takeover of Newcrest. DM
For me if a company wants to TO GGP to get at Havieron assets and JV then i hope SD hives off our other 100% owned tenements into another company ie GGP2 while accepting 2billion quid for Havieron and JVs. That would be interesting and a special DIVI of 20p, i could just about go for that scenario if we don't get to buy out NCM part of Havieron and Telfer. DM
Hi Tildo, Telfer is only worth 1 uds without Havieron as it will take many millions to decommission it after the ore runs out. Will not be a dilution for GGP as they will borrow the money, banks will be begging GGP to take their money and anyway GGP could sell 30% of Havieron to pay off the loan mmm buy havieron then offer one dollar for Telfer that's the way to do it. DM
Hi Reddirt, was wondering where you were and like very much your assessment as its in line with my own since SD powered up his board of directors and expertise within the company. Keep us primed up mate and wishing you the best. Ciao DM
Hi MM, normally when a new manager takes over a company the 1st thing they do is open the closets to let the skeletons out from the previous management team so they don't get lumbered with bad news and of course if there is good news on the horizon they will promote it big time. Now as the lady is in temporary charge and wants the job i presume she will big up what GGP have and even if she doesn't get the job the cat is out of the bag and the new manager will have to continue to promote the good stuff. Ciao DM
Hi JB Janet Yellen stated the other day that June will be the month when USA defaults exactly the same day that the special council was designated for Bidens document problem, just shows you how they try to hide stuff, what do they say "never let a crisis go to waste" that's politics for you. Wonder what she will say when gold goes to the moon and the dollar crashes. DM
Hi Speedy, gold price will continue to be manipulated while the major banks issue paper gold ETFs. This is a giant Ponzi scheme which is the same as crypto no difference. They issue paper for money, they then invest that money for free knowing that they will not have to deliver physical gold so with about 250 oz paper gold to one physical oz of real gold you can see why they will continue with this scheme. Crypto is exactly the same nothing to back up the coins apart from the whales selling and buying to each other to control the price so they make money for themselves, was a 2 trillion dollar Ponzi scheme gone wrong and paper Gold/Silver ETF will go the same way. DM