Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Good PFS update, however the placement is a bit fishy. We had no need for capital yet. Even if we did, why them and not existing holders? They have no particular use to us, it's not like Tesla initiating a position to get a director in, which I would understand.
Fantastic news. If only we had a mine or at least some reliable information about how/when we are going to get there exactly.
The CEO is basically MIA and he has no credibility left at this point - no timeline he ever talked about was kept as far as I remember. This mine should already be up and running for quite a while now according to the investor presentations at the time when I bought in. Looking at our competitors, I paid quite a high opportunity cost for my mistake. Only the fundamentals keep me here because they are so good that no amount of incompetence and mishaps justify a share price this low and a rerate must be coming at some point. Yet, I would prefer to continue with a different leadership team for optimal shareholder returns. Not advice, DYOR
Probably some disappointed KDNC holders moving some money over here. No news really, projects progressing fine, but it was a reality check for some dreaming/speculating about imminent Sonora JV sale or acceleration, etc. So many of those wanting more exposure to lithium will pivot to EMH.
Well reasoned, thanks. I see a small contradiction about how it was BCN's best interest to keep the resource unproven but it's somehow a positive when it comes to negotiating with Gangfeng. I also held BCN, I don't think that deal was fair and square and I expect them to treat us no different. We cannot find our share of studies or the plant, and we need the money. We don't know a lot of contractual details. It's too early to put a value on that. In any case, I expect at least some of the fringe assets to bear fruit, the more the better.
As you say and I said myself, I would hold on to DEV to change our risk profile and open up opportunities (provide revenue for exportation, investments). It'll do wonders to our share price in time, I'm sure of that.
If I may spam with one more comment targeting the middle: I condemn EV and Obs and a few others for the links and data they did up and share here. Thank you for your commentary as well, it's usually trying to be balanced and realistic. I forgive any unconscious bias, please forgive mine too :)
Booobla, I believe its a bit contra-productive to trigger one party with childish comments. You're more than welcome to share information and your opinion, but please do it respectfully and don't get pulled in.
You said no sign off until July, and in the past you insisted on share price targets than I found unrealistic and they never came to be. It's a bit inflammatory to claim radical things with no justification whatsoever, ignore past inaccuracies of predictions, then sit back on the high horse and ride off into the sunset.
(Enjoy your Ferrari, I prefer real cars.) Understandably, this suggests motives, and it will trigger backlash from the opposite side of the spectrum.
This is getting ridiculous, frankly. Perhaps Twohits had 35 comments, but he was in a discussion with many other shareholders. Care to count the number of posts of them too? The were many. I don't think either side of that discussion is right, denouncing certain holders for not being 100% on the same page with what I consider extreme optimism is ridiculous. Dial it down or this board is dead. The constant witch-hunt and patting of each others back for saying ever bigger things out of thin air... Somewhat entertaining, but doesn't add any value.
Personally I share the view of Twohits regarding the valuation of our Sonora JV. I don't think it's nearly as significant as some other investors here think. I also think Amapa and EMH the main contributors here with some long term speculative assets - not bad ones - occasionally getting sold off for some profit.
I haven't researched them well enough to understanding the risk/reward situation with those stocks. Personally, when I'm low on cash and an opportunity presents itself, I look at my "well performing" positions first with cold calculating eyes. Not specific advise of course, just a comment in general.
Holding a share in an active mining company doesn't turn KDNC into a miner but it does wonders to its risk profile and financials. I'm in favour of selling speculative assets to increase our stake in DEV and EMH.