Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Congrats...with the AMS purchase at 1.5p that's my min target price currently...let's see how the story unfolds the rest of this year
GLA
Also means 5M shares tucked away - so less available on the open market
So that £40k buy was yesterday was DE :)
Edit now at $4.85M
So pre last week rns we were at $3.6M and now at $4.8M
He's combining todays rns payment figure with last weeks rns (c.US$0.6 million deemed to have been paid in respect of a Contribution and Exclusive Marketing and Sales Agency Agreement).
Kicks Off in 20 mins, will watch the recording when made available.
GLA
DE will do a live investor presentation on Wed 19th April @11am
An opportunity for some great company PR.
excellent post bumpingalong - the potential is plain for all too see however, these recent RNS have been a missed opportunity to provide the market with actual numbers and instill some confidence. Especially related to diamond stockpiling, production and sales - this is a poor show from Senior Management and the market/SP will not move until they are forthcoming.
HMS essentially "the company-maker" has been kicked down the road for another 6 months, poor comms going forward again to do with production and sales will only serve to further alienate the market.
Regarding the sale of TVM, this latest proof of payment almost brings us in line with the payment schedule due by end of Jan, before the monthly payments from April were due to commence, so that is reassuring however, will be looking for a circa $1M in April to relay any fears going forward.
Not expecting any special large payment to be distibuted to shareholders this year, think that is more likely next year all being well.
Again, massive potential however personally have resigned to 2024 being our transformational year.
No more from me, will check in about 6 months, to see how the story is unfolding.
I do hope they show some respect to shareholders and the market soon with transparency relating to production and sales figures, otherwise we will continue to languish at these low levels.
All IMHO and GLA
am i reading this right- makes our 60% share worth £90M ?
Very early days yet especially with no production/sales figures for HMS and Diamonds - although the new investor likes what they see and have taken that major stake.
Not expecting anything in the results at the end of this month, but going forward this year some actual cashflow positive numbers from HMS down the line and maybe then it will peak more interest in KZG - surely someone the likes of Kenmare Resources could buy us with pocket change.
Let's see how the story unfolds for the remainder of 2023.
GLA
thanks for sharing that poppyseed.
must be a compelling reason why they are taking that stake, as soon as DE shares that with us too, this could get interesting pretty quick.
Until we get some real figures we (including the market), will remain in the dark. Diamonds were being mined and sold at a profit end of 2022? HMS was being stockpiled since end of 2022/early 2023?
It does upset me when vital information is not shared - talk from Management (so called skin in the game /experienced) about transparency and caring about investors but in reality, actions speak louder than words.
Share the actual current numbers and show the market why AMS were happy to come onboard at 53% premium to current SP.
An interview by DE to bring this all into perspective would really help, as would production/sales numbers.
Honestly, a much better update than I expected. Would be great if DE did an interview soon.
i'm pleased the focus is on HMS and the new investor has paid a premium, as for xinjian am not overly concerned as they have until end of year.
RNS out...still reading through it!
i'm guessing an RNS by end of this week either way.
GLA
I would hope they share some diamond and HMS profit figures with the market, especially since they are expanding that business / acquiring more equipment to ramp up production and eyeing up the neighbouring land.