Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Taking a position on Vast as looks very close to turning things around. I am concerned about the other website and WHIreland stuff also this secret email thingy. Tried googling but getting nowhere. Plz can you guys in the know share the links. Will help with my research.
Wow half a mil PA income, be interesting to see what is profit from that, cant see how this is values at 25 mil.
Along way to go before we can get a true idea of costs etc.
Yes I was savaged with Edenville Energy with what seemed to be a dead cert for mine to mouth power plant. Kibo just down the road, the same, government making all the noises about need the power plants and words like expedite etc.
Be aware this is Africa and I would say it s a complete gamble as governments are corrupt and change the rules as they go.
Will agree with coal/power projects in Africa. invested in Edenville for years, goverment officials coming out to the site of 173 m tons of coal and stating they wish to fast track and giving edenville the hurry up as country deperate for power. Years later nothing, rules changed and the rug pulled from under them. Spend a few minutes looking through the Edenville Energy RNS's one minute they could walk on water all the agreements in place, studys etc then bang the goverment through out all the tenders.
Be careful here guys, Africa is a backward region of the world, goverments make all the noises about moveing into the 20th century but keep moveing the goal posts. takes yrs and yrs to stand still. Very corrupt also, just take a look at the mant companies that have tried to work in this region of the world. So difficult and has not moved forward in the last 5 yrs.
Be careful.
Cannot see better funding coming myself until at least end of year once mining and cash figure start to be generated. the Atkas note says the same. It makes sense, there has to be less risk for better funding, a few pics on and vids on twitter of new kit purchased with borrowed money does not amount to much. Some JORC figure will help so god only knows why we havent already got them already.
Heading in the right direction but still a lot of hurdles, which will mean further dillution.
So Hastings may have resources from their 100% owned tenaments to supply Sheaffer. So do not see the sense in the last RNS. A bit of spin and know more.
Dalls - thanks for that, so the next question is will there be exploration in our part owned tenaments to fulfill the Scheaffer JV or do Hastings have enough booked to supply from their 100% owned tenaments.
Really what I am asking is did they need to release a RNS about the JV if it will not have any impact on KDNC, why bother if it has nothing to do with KDNC. If that is the case then they want to create some spin, which could be misleading.
Well wouldnt trust any company unless they specifically stated all the facts, thats why we always need to go digging to put some real context into what they announce. It would be better if they were more transparent in how this JV could mean to them, which they have not, so as they have not I would persume it is not involving their tenaments. Until told it is.
Have today emailed KDNC and asked the question about Hastings JV with Shaeffer. Is the supply to Shaeffer coming from our tenaments in Yangibana, which we have 30%, as there are a number of tenaments in the area 100% owned by Hastings.
This does need clarification.
Weeks away from generating cash really, look around at other miners who have troden the path. We are actually at the part when the unexpected is at its greatest, new equipment being installed, may be a part missing or doesnt fit, commissioning, then the slow ramp up capacity. Basically teething probs, they will most likely happen and that will mean delays. Some peeps think Vast will be cash positive at the end of July. Be more realistic.
Wow, things looking pretty good with what has been happening the last few months, and amazing how the debt has been cleared in such a short time, did not expect that.
Oh I know I will get it, not 50 squids, over a grand so far six weeks down the line, with another 500 coming up. Yes I know I will get it, just looking forward to being compensated for the stress and worry brought into myself and my family, because of this companies illigal trading.
No doubt I will fly RYA again.
There will be a missold RYA flights campaign and it will be expensive for the company.
Wait until there is a a no win no fee class action against RYA for illegal practice, not giving refunds within the legal time. Plus interest and compensation. It will come soon. No different to missold PPI.
There will be as adverts and promotion and peeps will jump on the claim. I know I . will. All the stress and worry about getting my refund as per the Law when I agreed to enter a contract with RYA.
Looking forward to it after all they are cash rich on my money.
Refinaincing 3 momths away at least. Mining for furthere samples, testing then JORC will take over 2 months, yes we will hear results form the grinders and it may be wonderful, but until this is put into a internationally recognised format the banks will not touch it.
Then the Banks or Finance houses will do their Due Dilligence, 2 months say, so we are many months away from a improved finaincial package, so more dillution from the the one we have each month. Then there is assembling all the plug and play equipment together, go mining and makeing money. Think about it. Further dillution as we get the odd glitch or problem.
We are closer than yestaerday but not finished with the need to raise money/further dillution.