Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yeah £160million MCap almost seems a ludicrous target for a company with our current MC.... But If we take a step back and say that just one of these options comes good. i.e. Cyprus 2 or 3 mines, Philippines or Namibia.... it would be at least £50 to 60 MCap based upon the postulated revenues. So bags of potential for rerating.
Interesting thought Ella.... and in fairness all the time Colin has been involved in Fairbride it would be nice if he was there when the first tonne went through the plant.....
If you look back through the website you will see Colin presenting the first dore blobs of gold from the alluvials along with the Chinese contractor.... it would be nice if he had the same for the first Dore bars from the 'and rock plant....
.... but I think February is a little optimistic.
GLA
Zaphod.... the position Sirius were in when AA kicked them in the goolies is a lesson learned. Sirius did an amazing job to secure the billions in funding that they did...... shame it only covered half the cheques they wrote..... AA did a bailiffs job on them mate and proper took advantage but XTR are going to be negotiating sitting proud at the table.... with 6million a year revenue and a very smug tagline to give AA...... "if you don't want it, we know a man who does"
For any AA investors that are now in XTR, you should take some heart in that.
The news we are awaiting can be out at any time Q1... I dont think there is any doubt that that news when it comes will move this up quickly.
I think when Mankayan goes off it will be relatively fast to have an impact on shareprice, but nothing can happen until the licence.
I read this RNS as the important arrangements have been made and put in place and consultants employed. It has obviously been a very productive week. Im therefore expecting things to start happening there at a better pace.
Maybe im being overly optimistic.
I understand that Howzap....
Both my Trading and ISA account are with Halifax. Can I avoid the delay in transferring if I call them up and ask them to transfer them over for me? Did I understand the advice given to another poster?
Cheers
Good point.... about 30% of my value is in a trading account.... when I've transferred to my ISA in the past I've sold in one and then bought in the other.... but I wouldn't want to be exposed to the 2 week lag.... would be kicking myself if some amazing news dropped while I was on the toilet ....
H2 was clearly a mispeak.....the slides stated Q2 2022 and that's when April, May, June is lol..... unless its 2023.....
With the regularity of Empress presentations im sure we will hear about the first truck full of ore to be loaded in the front end. I'm going to stick with early to mid Q2 for production to start.... and (some) manica revenue declared for the quarter.
I'm ever the optimist.... but ill be pretty disappointed if it doesn't happen.
That cant be bad.... we are now so good that we are being name dropped in the literature of other explorer companies that want a reference that will highlight potential for them.....
wake up and smell the chalcopyrite .....
Im only wrong 'til i'm right Lucky.... but it feels less likely this time, even based upon some of the photos in the last Empress presentation. It was looking pretty complete.
Who could be happy with the length of time it has taken to get here.... I doubt anyone could .... but once its here who's going to complain.
Yes, worth considering that 9 weeks and we are in April, which is about the time we should start expecting really significant milestones to be hit....
.... and it doesnt seem likely that Manica will slip again..... so the larger African income will be in the bag by then too.
You are right sq52... is in the last couple of interviews. CB is calling an end date which seems to be around the middle of the year.
He was limited on Ascot but following hole 35 he mentioned bringing back the second drill.
I read that as he wants to probe both the extension of RC to the South and firm up Ascot as much as he can without slipping timescales on entering negotiations.
That last paragraph I wrote..... kinda sums up why I'm very happy with our current position.
Lots of potential.... impossible to put a value on any of it at the moment though. That is certainly a compelling list.
I think that is some of the problem. You kinda have to rely on your gut feel for value. Once we get a few to commercial agreement we will be able to apply some maths. At the moment its....
- whats the value in our production facilities ..... hard to say
- What % leverage do we expect from licensing processes..... hard to say
- What will cashflow be like 2023 .... hard to say.
I have confidence in this becoming big.... but how big ..... hard to say.
GLA
Im hoping something on Offtakes will start happening soon. The current Lithium trajectory cannot continue without hurting demand, so surely the time to start taking advantage of the current hubris is around now....
Its great to see how much parallel work is ongoing. Likely bolstered by the increasing revenues from Africa...
Expanding phase 2 drilling, continued drilling, assaying results, model development, lab testing of beneficiation technologies for flow sheeting purposes .
If Colin's projected timescales for getting round the table with AA slips, it wont be for lack of trying.