Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Jambo813...yes it does sound contradictory but this was dropping all last week and its been a significant drop. I am presuming the drop has been based on sells last week as the fundamentals have not changed, but today there seems to be twice as many buys as sells yet they continue dropping the price I assume to encourage sells as people panic or stop losses are triggered. Knowing what we know about the company and its potential I do not understand the drop of 10p a share. I am not concerned being a long term holder and having bought at just over 1p but many have bought at 27 - 37p I can't see such a drop is justified.
I have also searched and found no link. Jiangxi Copper are looking to move into copper production in Canada though. they paid $1b for an 18% stake in in Quantum Copper Mining in Toronto and may be looking at further M or A's. Rambler may be too small an outfit though. Having said that Rambler will be profitable with some careful investment.
Yes as the midpoint between Bid and Ask has been 27.25p both will show as buys. Its so crude a measure. You would have thought with the ability to buy and sell using complex algorithms LSE would have a simple system showing accurate buys and sells. Whatever the price if its a buy it shows as a buy and the same for sells. I sometimes wonder if it not intentional to try and confuse the private trader/investor.
Jules1878....not for me to reply really but the buys and sells shown here are a very crude measure to say the least and solely based on a midpoint between ask and bid. You may get a buy just under the midpoint and it will show as a sell and you can get a sell above midpoint and it will show as a buy. Its happened to my buys on a number of occasions where my broker has got a discounted price if the transaction is immediate. The buy has then popped up as a sell.
Dubbs99....yes no doubt they will. I do not understand why they can't be reported on the day and time they are made. It distorts the market and does not give us accurate information on which to base our trades. Not too concerned as I am holding for 2.5p which will be sometime in the future.
Trouble is, the chunky buys were all yesterday.
This should be 1p by end of Jan on copper prices alone.
Who do you normally trade with? I don't understand why they can't access stock....there's 8136m shares in issue. I picked up 2m online using my bank account quite easily.
Jan 2020 ...share price 2.33p. One year later 33p. News will come in due course and the share price will continue to grow but we need patience. I'm more interested in SD's plans for the future of Great land than how big the share price will grow to this or next month. That will determine the share price over the next 3,4 or5 years.
A number of documents have confirmed Hav as a Tier one asset including the Job advert Tom has put up; https://pbs.twimg.com/media/ErZRfxlW4AAFlb6?format=jpg
'A Tier One Gold Asset is a mine with a stated life in excess of 10 years, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve.'
At minimum 5m oz of gold plus Copper equiv. to be a Tier one asset. 4.2moz already indicated in Initial mineral estimate at Hav. I can see this being double this at least. Is it possible to have 2 Tier one assets so close to each other or will they be put together as one asset? Contractually they are two separate entities at the moment.
I remember someone on this board running some crude calculations at POG $1400 and showing ;
5m oz = $7 billion = $1.85 per share = 1.48
10m oz = $14 billion = $3.71 per share = £2.97
25% to GGP
£1.48 = £0.37p
£2.97 = £0.74p
We go over a £ at just under 15m oz ( £1.11)
This is without contribution to mining costs, Aussie tax, sum set aside for further exploration etc. but based on POG at $1400 and it is now much higher.
If SW is declared a Tier 1 asset which we all hope and expect (fingers crossed) then double these figures. We have to look at a period approaching 8-10 years for full value and there are so many unknown factors to affect the share price but suffice it to say it looks encouraging for those looking to retire in 8-10 years time on a decent pension.
Napthman - thanks for putting this link up
https://youtu.be/x_Iaceny8Xg
Well worth listening to for a small cap investor.
JSI... I don't see the finance arrangements being a problem to NC buying out GGP. They would in effect be investing in themselves and getting 8% interest at the same time so recouping more than they loaned. That's not to say I think they will buy out GGP or Hav but it can't be discounted
Thanks for putting up those video links guys. Very reassuring as to the future of gold. 'Gold entering a super, super, megacycle' and a shortage of Tier 1 and Tier 2 finds will drive the POG up over the next 10 years. It seems GGP has a massive find on its hands and if SW comes in then I can see why some are predicting £1 + a share. Needs to be carefully managed and negotiated with NC or indeed others which I suppose its why SD has been brought in.
' There will shortly be a well heeled one of those leaving his job in the Whitehouse '
Not sure he's well-heeled anymore. I gather he is in debt by hundreds of $ millions and growing. Some of the debts due in shortly. Companies distancing themselves from him I hear!! PGA not using his golf courses this year! Just the start for this delusional bully!
RacingCyclist...agree this is an interesting discussion. My interest is how peoples behaviour and thinking will change following the pandemic. Will businesses get smaller and nearer to where people live in order to be able to control impact in the event of another pandemic and reduce personal overheads. There is already evidence of people moving away from city and town to countryside. Internet business and delivery businesses have grown massively. Banks offering next to no interest on savings will see more private investors investing themselves thus working from home. I am sure people are rethinking about how they would like to live rather than circumstances dictating how they live. There will be changes just not what they will be yet!
Totally agree with Littlecrumbs....I'm down about £50k but not concerned. Some of the bigger holders are probably down £100k, £200k plus. If Scally is as big as we think and the MRE on Hav goes up which it will then buyers and traders will come flooding back along with Institutional Investors. Greatland is being tipped for 2021 along side majors. All the signs are good!!.