Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
On HotCopper may show why SP has limited enthusiasm
" I have always found with 88e announcements, it pays to also focus on what 88e focus on, then discount the targets that are less featured
In this case it is strongly on the SFS targets, showing a clear intention to flow test these two zones is a positive, this good news needs to be balanced against the size of this initial target at a mean estimate of 89 mmbo. Further upside may come from the as yet unknown new SFS zone.
The lack of specific detail on net pay for each reservoir, is unsettling as these details are available, and very meaningful to estimating likely quantity of the discoveries.
With the SMDs scarcely getting a mention, I am inclined to now discount these pending further detail from 88e.
The BFF was always going to be marginal IMO, so an increase in porosity could bring some of this into play
Overall there is good and bad, I now expect a much lower number than the original estimated 647 mmbo, probably closer to 250 mmbo. There is still insufficient information to say more, but expect a progression of updates to fill in the gaps as analysis continues"
https://twitter.com/rT18958292/status/1643411535341944834?t=bEO6yzufUBKBSR9wA1WJHQ&s=19
Dow Jones Editorial Pick
You are correct about the incoherent messaging, with loan documentation based presumably on New York practice documentation, lovingly honed over many decades by NY lawyers
I have complained for a long time that this documentation is not available for inspection by shareholders, as it is basically impossible to summarize
There was a time when companies were required to have this sort of documentation available for inspection in the City of London
A material report for shareholders
Could be looking at a significant multibag here in the very near future
"Expert Geophysics have produced a fascinating conclusion to their work that we may well be looking at a similar deposit to Newcrest's Telfer Mine only 15km NE of us.
'and look to start drilling the major new targets as soon as the extreme summer heat in the area abates."
"Anyone have any snippets any indications as to how things are progressing"
Tbilisi who used to supply useful titbits on here, was hounded off this board, with threats about reporting to the FSE , Fraud Squad etc, by fools who thought water does not appear on a drill
This guy twitter@Harps_trader produced a chart a while back showing the SMD being first penetrated on 23rd March at 7800 ft
Someone on Discord also produced a chart showing the timing of the previous Icewine drill