Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I am also intending to vote them down in future agm. Felt they were about to turn the corner and improve and now this.As the FT said, turkeys have voted for Christmas. I voted no, cannot see how they will pay down the debt, will be a mill stone around the neck of the company, I never buy anything thats been near private equity, not have had it foisted on me.
Trashed share price, reduced divi etc, obviously they are not interested in share holder value.
That should say "company goes from"
So the comoany gies from a low debt dividend beating share, no risk of collapse in a downturn to a debt laden one that could collapse, the board are morons. Really pissed off.
Just the rns we beeded to see. That will be over 900 carats, with cpht above expectations on kv1.
Read through latest posts regarding Rns.
I recently posted a negative comment, regarding funding Rns.
From the last company presentation, a further fund raising was expected, to improve the processing plant reliability.
Happy with that. Then the fund rasing Rns comes along, and most of the money is going on opening up the pit.
No mention of this previously.
Having seen a history with this company of results falling far short of expectations raised, i was dissapointed and said so.
Following posts ignored the point and just hinted of ulterior motives, not directly, comments like some posters.
Well, as a share holder, I have no wish to see further declines in share price, and trying to suggest that people are looking for cheaper entry is laughable when we have sunk to 0.3p.
It seems more likely that people have jumped in at this price and want to make a quick buck and want to talk up prospects and bet arsy when they see negative comment. I would like to see the price go up not by ramping, but i actually delivery by Brd.
1. Q4, not expecting good cpht as near surface ore, but expect to see tonnage processed at least maintained.
2. Q1, expect improved tonnage and grade.
To truly be profitable, I think we need to see the 400kt a year at 4.2cpht and above along with a increase in per carat recieved due to increase in diamond size.
Progress has been made in 2018, but not as much as expected.
2019 , we will see.
The Rns for Q3 made a point of raising new funds to improve the operation of the mining plant.
They raised 700k, but the bulk of that is to exoand the k1 and k2 pits.
So yet again money is raised to fund the mining operation and not the processing plant.
Seems like nothing this company says can be taken at face value, Guidance is amatuerish , cpht as a guide to profitability ?
Whats the ebitda likely to be, or aisc etc
I can only hope to get back to where i was by them digging up a few larger stones, but nothing convinces me that its worth investing more at the low price now, its likely to tank further on the next story about why they need more money.
In August we were told the crushing cicuit was operating at 80 tonnes an hour, now we are told Sept production figure us 68 tonnes an hour. It seems you cannot trust anything reported, so often the inferred progress fails to match the actual progress, very dissapointed. And Q4 will be worse with lower exoected cpht and only two diamond tenders. More dilution for upgrading plant yet again, and no real idea of whats needed to be profitable.
Only positive i can see is thst revenue has exceeded previous year now by 200k with q4 to be added.
Dissapointed, can only hope 2019 shows real improvement for cpht as we get deeper into the kimberlite.
A healthy EBITA ratio is considered to be 10 or less.
Already we are only at around 4 at current share price, cash flow is positive and strong.
Both will improve during H2, and HUM will move out of a net debt position to.
Reserves will be increased leading to longer LOM.
So the only concern would seem to be the POG holding up. And so far it has.
Already added some, and if it goes further, will add more.
Market will wake up to HUM, its worth the patience I reckon.
hot and humid, perfect conditions for boytris, so it could boost sales
Strange how they keep raising mony to develop kv01 for mining, yet rns 8/04/15 says they are blasting snd removing kimberlite ofrom kv01 and 02 ? I
Previous rns, he took is share options, at 10p a share, and immeditely sold for a profit. He still holds a lot, but hardly a good move in terms of promiting confidence in the company.
So, at current cpht, revenue would be expected at 3million for the year, but we should see a uplift in next qtr ftom first of k1 material processing. And revenue per tonne is well up against mine on cost in guidance last year, maybe 225k profit, but exclueds finance and hq costs. So still not easy to get a handle on actual profitability, so after the unexpected share placing, not surprised it had not reacted well. Brd need to give better guidance on profitability.
AJ16 , You sound just like the people on the GAW board when I bought at 5.47, it was going nowhere, management were clueless, blah blah blah, and a year later, selling for a 300% profit. And I expect back after the big crash, the exact same was being spouted about aly when last they were at this price level. If stew is ramping, your de ramping. The downward slide is down to the input cost inflation due to drop in the pound, and a poor summer range. Pound has strengthened since, it will feed through to the bottom line later in the year as margin pressure eases. Conditions across all retail is hard, but ALY is over sold. ( They have low debt,a healthy hotel business and foreign earnings on the plus side, and uk retail on the -ve as having a tough time at present, but it will improve )
A raise following a substantial fall caused by speculators trying to cover their positions. Normally a big fall when bad news is released, or market crashes etc. In this case, a thinly traded stock thst has been swinging up and down by 4 or 5 % over the last couple of months. I dont think it quite fits the bill. If next trading statement is good, it will be around 25, if its bad, you could see a much larger drop followed by a a real dead cat bounce. Most likely, performance will be strong, but any further improvement will be tempered by the rising pound.
Three big diamonds already, and this one a whopper, am i glad i topped up on this one.
yes i do. Its more a question of when. Its been a tough year for uk retail. Next update may not be the best, but as inflation eases and real incomes improve as expected, things will get better. Risk is a big brexit spanner in the works from the eu of course, then it would take longer to recover.
Wet, wet and warm, thats what we want, perfect conditions for sales. And no,I would not expect difficult conditions every year, but this year was bad.
Take out the sipcam payment, its still 300% up, in a tough year, thats not standing still. Want to know sales figure in litres though, as figures are skewed upward by change from royalty set up to revenue on own making of 3aey. Losses reduced by 50%, and thise losses created by investing in progressing approval work for 3aey and the nematode product is not standing still. Still a long way to go, but its moving forward. A strong increase in litres sold in the full year report is what we need to see.
State of uk retail is cyclical, current situation brought about by drop in the pound because of brexit, and squeeze on wages. Both which will ease up through 2018. At this time, companies that fail are those heavily in debt, Laura ashley is not heavily indebted. And profit ftom hotel buisness and overseas sales will help. I cant help but wonder how many of the doom and gloom lot previously loaded up last time around at 8 to 10 p, made 20% MIN in dividends, sold at 100% or more profit, and want to repeat it, but being greedy, want to try and scare people into srlling and forcing the price even lower. If i think its bad, i sell up and move on, i dont spend time posting on a share i am not interested in ?
Revenue up 400%, 300% of which is sales it seems. Plenty of cash in the bank for progressing patents, approvals etc. Progress continues.