Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When irc was sold, it’s intrinsic value was still very high. CEO & BOD need to come clean before AGM. If BOD doesn’t take action, at long stop agreement can automatically expire or if referred to note holders , they can also decline this transaction. So far it’s looks impossible but if reversed, it will be another billion dollar mcap easy.
Lawrence, no idea . But CEO looks under pressure before AGM. Moreover, it’s very natural to push for ramp up production when market is up. Cost reduction, IRC, And dividend policy are key areas
I told you Sova is sitting at 5%, 4.99% ,
IRC will refinance after this SAGA transaction completes. 2) Directors can still block it but apparently they intend to not, how will they justify $90 m assets worth.
In medium run, Gold can have break out or keeps bouncing from $1700-1800 levels. In break out, it can go as high as $3200. High Inflation though transitory will remain there at least for medium run for 3-6 years. We are definitely going to see double digit in transitory period. High inflation is need of the time to pick up the economy ofrom rubbles.?
US budget, with this level of spending, inflation going to go bonker
Lawrence, Pavel tricked shareholders, share price was shooting up because of high gold Price, under that shadow he sold irc. Guess what ? Original idea was , any proceeds from sale will be paid to shareholders. TEMI? During one presentation he was asked about owner the infamous 25%, he refused to name the beneficiary.
POG has entered into essential financial arbitrage, re-evaluation or rerate on the way
Temi wasn’t on record until Pavel produced contract from nowhere. If embezzlements are proven, POG doesn’t need to pay $54m, and will need to recov $23m
Is impressive and give clarity on board level. It’s possible IRC is sorted in good manners. Pavels getting back into office looks impossible.
IRC still on halt, looks like a major corporate action
It’s too early to figure out what Strukov wants. IMO he just wants good return of his investment or max a merger. Take over is a very unlikely scenario by strukov. If IRC Gurantee is removed, Polymetal chances taking over POG will quadruple
There is not much free float imo
IRC still halted on Hong Kong, most probably IRC Gurantee related and price sensitive news. Stocken is a token shell Company , looks like no assets and registered 2-3 years ago. How did they satisfied Pavel, that they will be able to get consent from GPA? Halt on HongKong suggests, it will not be a smooth transaction
Lawrance, in March 2020 , situation was not totally different for IRC, iron ore prices were reasonably strong, Q1 2020, average Fe65% was $104, and projection was to go high.
It will be strange if this transaction goes through when CEO is being trialed for embazzlements and KPMG is doing forensic investigations.
If bank has dropped the Gurantee, rather than German Company provided them Gurantee, then POG can walk away by paying some penalty. Research @Krss was already convinced, Gurantee has gone nill.
Updownflat, IMO this transaction is not meant to go through. Trading has halted on HongKong, it may be because bank has dropped Gurantee,
Shareholders can still block this transaction as its value is substantial high probably under the LSE rules and company rules, though they are not set in the agreement. Current 31% stakes value is between $80-90m, and Gurantee went nill which I was mentioning months ago.
When they entered into sale agreement, it was somehow justified and safety nets were if buyers walks away from the agreement.