Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If they are going to 'sweeten' shareholders with some positivity before the GM on Thursday the clock is ticking down, one suspects something will be announced over the next few days.
Tweet today..
Looking forward, #ORR expects to receive the remaining US$450,000 in signature payments by the end of February.
https://x.com/OrioleResources/status/1762040998190780726?s=20
Time for you are your Sharepr@fits chums to close your shorts 777, we all know who you represent, I would rather listen to the CEO than your biased waffle - Goodbye.
Having listened to this recent interview with Karim Nasr (interim CEO) it looks a nigh certainty that a solution will be found and equity will have significant value in due course. It was clear he knew about the cost overrun before this interview. (Comments start at 26 mins)
https://www.youtube.com/watch?v=twt9TBsR9tM
He states, ' the good news is in the case of Horizonte you have really large committed shareholders' comment from 27 mins 56 seconds
Talking about a 40 year mine life 'you bite the bullet and support the company' (28.20)
'We need to build the thing and then we have a pipeline (of production) that goes on for a very long time' (30.18)
'There will be a solution' (30.35)
Another Alan Green podcast on AYM starting from 12 mins. High grades discussed, long lengths of mineralisation, significant zones of copper.
https://www.youtube.com/watch?v=Lvm-FmBLPzc
AP has lost all credibility and I am staggered there has not been a requisition called for his removal, the city grapevine suggested a certain PR outfit refused to interview him again, if so that is damning.
Look at a comment he made in a recent interview, he implied there was more to VAST than the diamonds, almost totally discounting them. The interviewer did not press him on this statement however it is clear VAST is totally dependant on the diamonds to repay the debt, a debt put in place by AB himself.
It strikes me that VAST shareholders are simply subsidising the loss making operation in Romania, a operation where the workforce are happy to withdraw labour at a stroke and cause even further losses. What a farcical situation, AP continues to offer up more jam tomorrow and promote other 'projects' which if they are like anything in Romania will most likely equally fail.
In respect of the 'debt' ask what leverage do the parties have in securing repayment, if they bust VAST they will get no money back via equity, if the seize the 'assets' they would come across many hurdles, political for a start + operations in Romania would be nigh impossible to monetise and/or run as they have no experience in such matters.
If you ask me the whole process about giving the creditors 'comfort' is a smokescreen, AP & Co want ability to issue shares to fund their salaries/lifestyle, he probably knows the creditors have no leverage to get their money back which is why they have been extending the timeline infinitum, in a nutshell they have no choice.
I suspect the motion will be carried but in a way I hope it is not, I believe they need 75% to get approval, the vote could be close, will VAST deliver upside before the meeting one suspects not, probably more weasel words from AP.
DYOR etc
Why tweet this this afternoon ?
https://x.com/vast_resources/status/1761013867063251128?s=20
There is no way the market makers would have allowed a sell of 1m shares above advertised bid, almost certainly a worked buy.
Earlier this week the pathetic small £200/£500 trades that were attacking the bid (all part of a process) took the real bid down below 2.6p that adds weight to the fact the 1m was indeed a worked buy.
The reason the bashers are here is simple, they are working for entities with a financial motive, it is nailed on CNSL will be bid for, probably well below true value, these bashers have conditioned holders into believing a bid of say 4p or 5p a shares would be worthy, not so !
The last broker target price was 12p a share, the last broker comment suggested the Health & Nutrition business was worth £25m/£30m, again around 12p a share.
It is a great shame the company is very poor at PR, in fact non existent, however, if you know where to look you will see the business is well followed and attracting attention across the world.
Bring on the bid I say.
I see the Sharepr@phets troll is back, The Publican777, the irony, the fellow is long Shanta short/bashing Horizonte just like that wretched shorting site he 'works' for, they have been pumping Shanta and bashing HZM. One wonders what is the pay like, probably peanuts !
Someone was very happy to take 3.7m shares at 4.5p, a premium to the current price.
As pointed out drilling results are imminent !!
Surprised more buyers have appeared.
Pointed out on RNS day that 'the number' was known in city circles for some weeks ahead, the same circles will have some clue how financing discussions are progressing, as such best keep and eye on trading volumes, if a deal can be struck the equity could rebound in value PDQ.
It looks like the new team have thrown in the kitchen sink in with the new number which is probably a prudent move.
It would take quite a while for a prospective bidder to build a decent equity position in this company under the radar, the signs have been there for a while, larger block buys appear from time to time in batches of 250k/500k of shares, the company only has 238m shares in issue so these trades could quickly total a fair % of the equity.
I remain convinced CNSL will be acquired by a competitor, that time is approaching IMO.
You have to be in it to benefit, ignore the bashers, £6m m/cap with £4m cash, in a sector worth $44b and growing annually, no wonder the company is attracting worldwide attention.
DYOR etc
look how they are chasing ecr since a new bod was put in place, now a £6m m/cap and their only project of worth being a gold licence 4 or 5 times smaller than red rock has nearby in victoria - the difference being they are focussed and concise about creating value whereas bell has a scattergun approach, you never know what plate he will spin next.
what this proves is, under the right management regime, there is material value in the rrr portfolio but ab has no clue or incentive to deliver it.
in the meantime everyone waits for drc, it seems the goal posts have moved yet again if the post helpful made the other day has a ring of truth in it re the ministers.
this is the fellow (barry) who is dealing with rrr's affairs in the drc, he was photographed with bell at some s****y hotel when bell was staying there last year. can he deliver the cash ??
https://twitter.com/barrykzd
Look what has happened at Corcel and ECR since new management came in, both have multi bagged and their existing projects were nothing great.
Andrew Bell has stated on the other bulletin board that William Black's position in Red Rock is being managed by First Equity, in other words they decide when to buy and sell his shares, it does seem that he is keeping a core position nonetheless.
In respect of FE historic trading on behalf of Black they seem to have a pretty good feel of events and have banked a profit more than a few times, the best being late Q3 last year when the shares moved from around current levels to .30p. As FE is the company broker some may question the ethics in being able to trade for a client in this stock but this is AIM where all 'rules' are loose.
The removal of Kaintz at the AGM was the same as previous demands from one assumes the 'major shareholders' i.e. the resolution being withdrawn, one does wonder if these same shareholders are demanding a complete change of personal. Under a new team the project suite RRR has could deliver material value, AB's scattergun approach is simply not appropriate for a cash starved minnow.
At current levels the shares are 'option money' just one meaningful development and you are looking at multi bag potential.
That is why many are here.
The big boys are up to their necks in historic loans to HZM, they have no real choice other than support new financing, when you are dealing with such large entities they have no interest in the current share price but could equally be happy come in on a equity raise at, say, 20p a share (par value)
It is all speculation until the next meaningful update, no doubt the shorters will bash and bash nonetheless.
A very positive update, 100m of mineralisation is eye watering.
The market will continue to re-rate the stock IMO.
Aim Dogs
You will get no meaningful reply from company trasher Banburyboy, this individual denies everything and will never disclose the purpose of spending night and day 'at work' here.
Andrew Bell should expose BB like he threatened to do a few weeks ago. BB seems to think he is bullet proof but there is ample evidence on this site to show he has been party to shareholder value destruction just like C@rp had to admit, C@rp had to pay significant compensation and make a grovelling apology.
There is no explanation for the hysterical bashing by the aforementioned individual other than the sole aim of destroying Red Rock. The shot across the bow fired by Bell has made no difference at all to his venomous attitude, has this individual deep pockets one wonders? Maybe his employer has, he/may need them.
Helpful ask Bell to pursue this matter !
Today's number was known in city circles some weeks ago, it was mentioned (circa $400m) in a casual chat at a investor event by someone close to the industry.
Question is how much of this is in the share price already based on the fact that certain entities already knew the number, you can bet your bottom $ that bashers will appear now and try for more shorting gains.
It is all out in the open now, let's see what comes next, the consensus so far at least, seems to be the new team will secure finance and the project will move forward. It looks like they are trying for finance conclusion sooner than later as they mention weeks in the RNS.
Time will tell.
When you look at the other Non Execs you have to ask what credentials they have other than nodding donkeys to Bell, I have the feeling something material is afoot here, the company is in dire need of change.
Bell has shattered market confidence (recent events) and is ageing, the suite of projects need thinning, those worth keeping need some serious development via JV or project finance and market promotion, of course disposal/sale is another option.
Let us see where we go, the idiots who are bashing this 24/7 have an agenda, it is very interesting that one of them no longer bashes Corcel now Kaintz and Bell are out of office. This is an example of how Bell is despised by some and is a negative influence here, of course he does not (or will not) see it that way.
A new team could revive this company, it is a great shame that Paul Johnson, once a chum of Bell, decided to head for Katoro Gold (formally run by another woeful AIM value destroyer Louis Coetzee) Bell has probably fallen out with him as PJ ditched him at Power Metal due to shareholder anxiety.
Maybe there is more to Lenigas becoming an advisor than meets the eye, after all he has significant contacts.
All to play for.