Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
" Hawiah is being used as leverage to help get TK of the ground hence the update at this time and not waiting a little longer..."
Rob, I'm not sure this makes sense. The vast bulk of the finance is based on the project level. This is where the problem is - the project is having difficulty convincing investors on it's own merits.
If the project was financeable on its own merits, keeping the lights on at the company level would never have become an issue - which it certainly is now.
Seems a very well thought out and well planned strategy. Presentation sounded honest and not wishing to overpromise. Hope we are not being duped but with the twin pieces of good luck - higher coke prices and increasing gold ozs- the potential is significant.....
No Lewbo,
I made a very simple point that the Electric F-150 Lightning would cannibalise some of the non-electric F-150 Sales.
So even if they (F-150 Lightning) sales doubled or quadrupled it would not mean SEE DMS sales would do likewise which was the impression being generated.
I am delighted SEE DMS sales are increasing, I am delighted vehicles with SEE DMS in them are multiplying whether RNS'ed or not.
I just have an aversion to exaggeration. (You may recall it was I who pointed out that not all F-150's would have SEE DMS when people were throwing out numbers around 700k a year even though Ford themselves were quoting 100k DMS units in the first twelve months.)
Is it not likley the F-150 Lightning purchases will just replace the epected non-electric F-150 which would also have had SEE DMS installed ?
So we might see a limited increase in overall volumes - but not the overall doubling, quadrupling being mentioned here.
They have not even got conditional approvals from 37% of the "proposed" funding sources.
And no Committed funding.
After five + years of "negotiations".
They are as far away as ever.
"Advanced conditional approvals, which have already been received, account for c.63% of the US$356 million aggregated funding sources and the remaining c.37% (c.US$131 million) is expected to come from existing identified parties working alongside those who have already resolved their conditional approval..."
..from either or both projects would be good...
My understanding is that SEE DMS may be added to Snapdragon 3 as an optional extra at any time over the past year or so.
SEE DMS/OMS is embedded in Snapdragon 4 (may or may not be activated based on OEM requirement). The timelines for Snapdragon 4 were laid out as follows :
"The new digital ****pit platforms will target start of production (SOP) in 2022.
The broad automotive ecosystem can evaluate, demonstrate and develop solutions with the 4th Generation Qualcomm® Snapdragon™ Automotive Development Platform (ADP), which is expected to be available in the second quarter of 2021 (Q2’21). "
From interview.....
120k cars on the road with SEE tech from 5 or so models. 25 or so more models already won.
Revenue from Auto 90% profit therefore cash.
Historic RFQ win rate. 40%+
Will have to look at investment case whether they should respond to all or some of RFQ’s.
Current RFQs should be decided over next 3 quarters approx.
Northern hemisphere still closed re fleet, signs it is beginning to open. Southern doing well.
Guardian 3 still a year or 18 months from commercial deployment. ( bit of a surprise that?)
Aviation still advancing slowly
" However, you've been on this board long enough to have heard that other than one noticeable result, it had not lost a contested bid. "Redindi, Despite being a holder since 2005 I have no accurate info on how many RFQ's they have contested and how many they did not win.If, as terrym posted, Cenkos are correct with approx 70% win rate to date - that is a very good outturn.
The company is valued at £387m stg at a share price of 10p. That is not unreasonable given the lack of solid priced contracts that have been announced. When things get signed on a few more dotted lines there may be reason to expect SP increases.
In Paul McGlone's words....
"it will be a material uplift in our business"
"but each of those wins is still a two to three year development exercise..."
"so the earliest real increase in revenues from production vehicles by that logic is FY2023...."
"but what it does is it continues to compound out our booked business pipeline...."
"and that is the real value driver here..."