Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I dont get holders who costantly b*tch about their holdings other than the fact they have sold and are trying to get cheaper entry? If you believe what you say just sell up and move on to pastures new, surely?!
glandore read the CGO RNS that was released today, current price stated in it
in the upcoming interview hopefully they drill down on where/who they will sell their product to. The recent positive results mean its of premium quality so they can possibly be more selective and sell to those who will pay a higher price rather than just agreeing one big offtake which would likely be at a discount to current coal prices.
even using $300/t coal prices equates to $75m pa FCF
and thats some margin! Given its like $20-30/t production costs vs coal prices $600/t!
Lets call it $50/t production costs and selling for $500 to be conservative. Thats $450/t profit. At the stated 300Ktpa rate works out at $135m FCF PA...!
good point Lucky, means we can capture more of the margin ourselvevs!
Now im very much looking forward to this Podcast thats due as theres a lot of things from this update today which will be great to hear more colour on!
" Installation of coke batteries at site in Q4 2021 to capture full value proposition"
we know which offtaker wanted that to happen ;)
very pleased with that to be honest! As funding was always a concern and now dealt with and at the same price as current SP, no discount.
Lubu coal production Q1 next year = offtakes imminently
arguably should have a much higher valuation post offtakes give the size of CGO resource is many many multiples that of BEN plus the gold asset. But id take the same valuation right now, still 4x from these levels!
shaking out some of the stale bulls is always good before a big move.
*first lot
Why do they need to RNS the seismic commencing again? Its already been given a date in an RNS, id only expect to hear when the lost lot has been completed.
certainly helps provide me with confidence that all is very much on track here, market sleeping!
more good news today, products are gradually gaining traction with local authorities which will hopefully lead to reach and adoption for the paint snowballing in due course.
Probably the most productive thing I can think of for us shareholders here. Wonder what Align think?
as a shareholder.. going to be priced at cash soon at this rate! Crazy
Guess their work Christmas party needs funding
For another 6months. Ruddy pleased for them. Those lunches don't pay for themselves
meanwhile BEN flying and valued £100m MCap
Hopefully bodes well for where CGO Mcap will head when offtakes land here... come on Carl lets see something
Indeed a barmy value disconnect given CGO may be what 3months behind BEN on coal production and CGO have a resource size literally 20x that of BEN plus 2m Oz gold potential...