Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Check out Adyton Resources. Did 1,500% on essentially no news in the space of about six weeks.
If prices are that flexible without any change to prospects, why shouldn't this ten bag and then receive a sensible offer?
It's quite clear after the antics the other week that the share price is set by David Burton and colleagues dumping every time it goes up half a pence, which means that the market does not have a sensible mechanism for assessing what this is worth.
Took another look at the price sensitivity analysis.
$110 million goes on the NPV for every $180 on gold with just the existing project.
At $3,000 gold, NPV is over $1b.
I don't think $3,000 gold is at all unrealistic by the end of 2025.
If I was Glenn I'd be half inclined to do nothing for another 18 months if a decent option to fund work doesn't turn up.
After all these years I can not see him or LTH agreeing to a 'fire sale' of a $1b project with massive upside potential for the 10-15p ($20-$25m?) called for by some here. Bill may have wanted too much a year to 18 months ago, or maybe he just had the wisdom to see where things were heading.
Bought in six weeks ago during which time the company has done nothing other than run down their bank balance? +50%
Bought in years ago and held as the company grew from nothing to a 1.5moz deposit? -95%?
Questions?
Thanks for your input guys. I am drastically underwater here but still holding.
Next Storm payment due next week now too. I'm assuming that they're likely to be missing that again? I can't see that they've managed to raise anything or have a share price to do so.
Glenn will have to send in the bailiffs at some point surely?
I hate to be a party pooper, but can anybody point to a single example of a company anywhere being taken over at a 300-500% premium?
10-15p would be paltry anyway, but as far as I'm aware that kind of premium literally never happens.
How do you know he doesn't do anything if he doesn't update the market?
As for the pump and dump, if there was anything that represented a pump I missed it.
You can't be pumping if you're not saying anything, surely?
If they've got a deal coming and it's 18 months later than they hoped then any long term shareholders who are averaging multiples of the current share price will be coming out break even or with next to nothing for their porridge while people buying in today make instant multi-bags.
Difficult to imagine that's happening David. Sickening if it is.
Autumn 2022 panda, gold price $1650, share price 18p.
Spring 2024, gold price knocking on $2,300, share price 2p.
Obviously they need funds to finish this for sale or to accept a JV, but the NPV pretty well doubles between $1,800 and $2,400 if I recall.
Everybody who owns a company with an unloved gold asset will see this and think Barrick are talking about them but
Looking for something in Canada.
Upside potential/expansion is how Bristow has always added value, both at rand gold and barrick. Pay for a small one that might be a big one and make it into a big one.
If the soil sampling is to be trusted there's 4-6moz open pit. If it goes to depth as greenbelt does, there's millions more ounces below.
https://www.youtube.com/watch?v=S7mf82iOzAE
I spoke too soon. Two trades today. Two!
I also noticed today that Claude's main contribution for his time here, the change of branding from blue and red to green and gold has been undone on the website!
Back to blue and red!
Up next, Bill comes out of retirement?
A fortnight since David Burton said Landore would soon be VERY noisy.
One whole trade so far today. Where are my earplugs?
'New presentation due shortly'. 'Pushing the PR boat out'.
So far, two weeks on, nothing.
https://twitter.com/DavidBurton1971/status/1758439771691467096
On 4th January Glenn said
'The Board of Directors are confident that we will have a year of progress in 2024, with our operational focus being on the Company's highly prospective BAM Gold Deposit, seeking to bring the Resource to the development stage.'
Seeking to bring the resource to the development stage?
It appeared that with the strategic review they were basically told 2moz and PEA before we want this as a mine. Bill said so in that interview winter 2022.
Do a bit more exploration work with somebody else's money and accept a share of the profits if it goes well and becomes a mine? A drilling plan is ready to go.
Joint venture incoming?
I do try to avoid personal attacks and I know he does post here sometimes, but David Burton really does say some daft stuff doesn't he?
Constantly implies he's got insider information and that there's something major about to happen. Ok David. If you say so.
https://twitter.com/DavidBurton1971/status/1758047274431610898