Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I enjoyed this post. Given the Sasa zinc-lead mine was sold for $402m to Caml last year, what kinda NAV would Toral need to be valued at in the SS to constitute ‘magic carpets and ‘farting rainbows’ territory?
It’s clinging on to the 9s. LR said before Christmas so he’s got two weeks. Trust is everything at this end of the market.
The culprits just showed up. 60m offloaded in two trades yesterday morning.
LR On Vox. Presented at mining capital conference, strong turn out and a really good group of co presenters. Capital drilling and arianna very strong. Walked through diamond drilling samples sent to labs and scoping study on track for q4. Focus going forward is delineating an economically robust mine around our high grade core. Focussing on existing resource area despite success of step out drilling to deploy funds efficiently. Also talked through surface work we are currently undertaking and more analysis of core data.
Not much point doing a presentation without the SS, the one thing people will want to see. Fingers crossed soon.
It had $100m or so in cash and equivalents in q2 I think but probably lot less now. Its revs for q3 look a bit thin, I presume for the part the drug passed. Was the other part which it failed the more important/lucrative? Is it still a co Motif can be compared with?
A price monitoring extension, a 1 trade, a 2 trade, a 3 trade. Computer needs a reboot. Really don’t understand the day to day workings of this sp, not that it matters I suppose long term
Thanks for the discussion. Hadn’t considered that the quiet over a sales team could’ve crystalosed the direction mtfb is taking. Most helpful. Feb 13 not far away, you’d hope sp anticipation would kick before then
GH: ‘Joint venture partner was an international conglomerate’ https://www.brrmedia.co.uk/broadcasts-embed/5bd843ecb01efb6b20c2fc49/event?popup=true
Because it was for the period end Sept 30, as in already happened
Hope not - think it's just replacing an oilman with a finance man as this is the stage the company is at. Really not sure how much lower i3e can go here (jcam loan conversion notes were at 39p so even their margins are shrinking). Don't think the board would want to dilute themselves too much with a placing.
One thing I don't understand is that I thought the OGA licensing award was given on the proviso that i3e demonstrated funding was more in less in place. How did i3e win the extended Liberator field if funding was as far off as it seems now.
Exactly that. Can't buy or sell. Length of time depends on the issue - WRN has been suspended for several years. In Australia don't they suspend briefly for a day or so ahead of company making/breaking news? As EUZ is listed there too.
A tweet earlier from someone who says they spoke to the CFO this morning says 'apparently the Jv only wanted 60 days exclusivity (Jul/Aug) but prudently I3e made it 90'. If true, how can the JV be RRE, as speculated, if they were themselves waiting on settling the Dyas deal at Sept 1 at the earliest, which is still not done? Timelines don't match. Obviously its merely a PI's tweet, not an RNS.