Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
https://www.bloomberg.com/news/articles/2022-03-13/gold-dealers-swamped-by-demand-as-war-creates-inflation-scare
The paper price is manipulated down, but when demand is this high, you can’t dampen the paper price forever, Gold is ready for a breakout, it’s a coiled spring, it will have its time this year, new highs to be seen, you can’t change the laws of supply and demand, high demand equals high price, and demand is off the chart.
The trading of this stock between 9p and 12p may have been a way of averaging down those sat on losses from the fall from 48p back in 2018, and it works when the company is running in normal environments, it’s small movements in the price of FeV, Market sentiment, great new tech possibilities that makes those few penny swings, but this last few weeks is a completely different ball game, FeV has doubled in price, that’s like winning the lottery for any company that has an asset to sell, BMN are making huge margins, not 20 to 25% in the days you traded your 9 to 12p stock, margins today are over 100% and I wish you well guessing when to buy and sell a cash generating machine that BMN have found them selves today, it’s safer to Buy and Hold and wait for the gains that are rightly due to reflect the position BMN have found themselves in currently, I have loaded up to hold, because I believe FeV will remain elevated long enough for BMN to make massive cash piles, that will put them in a secure position to expand, invest etc etc, 12p is the upper price of $35 Fev, not $60 plus, from my experience, guessing when the next pullback comes will leave you with your pants down as the share price runs away from you, this is my humble opinion, and I have traded for decades, knowing when to hold is the hardest thing ever, but this one for me is as likely to rise as any share can be, unless you believe Russia will not be Sanctioned in a few weeks time, all will be forgiven and we go back to normal, sadly for us all, I just can’t see it, the damage is done, you can’t put the genie back in the bottle, Russia will be made to pay for it however this crazy war turns out for them, and not buying there products will leave those product values elevated for the foreseeable. iMHO
Took 48000 more this morning, FeV will keep on climbing and BMN is making $2 for every $1 it spends at the moment, absolute no brainer IMHO
My maths was incorrect today, we are making $33 dollars per KG today, $36 dollars profit per Kg isn’t until next week ;-)
This is a simple way to look at potential profits, when costs for BMN to produce 1kg is $24 dollars and the price like late 2021 was around $31 dollars per Kg in Europe, then your margin is $7, when you get to todays price of $57 per Kg your margin is $36 dollars, thats circa 500% higher profit margin, our share price averaged 10p late 2021 and we was making 1/5 of the profits today, so you can bet a 13p share value is well behind the true value, I don’t use stop losses as they tend to throw you out when everything is telling me to BUY
Today BMN no is making 500% more profit from every kg than they were back in late 2021, that’s the facts.
Well Inwasnt expecting another top up chance like that, 30000 more, thank you
This is a simple way to look at potential profits, when costs for BMN to produce 1kg is $24 dollars and the price like late 2021 was around $31 dollars per Kg in Europe, then your margin is $7, when you get to todays price of $54 per Kg your margin is $30 dollars, thats more than 4 times the profits, our share price averaged 10p late 2021 and we was making 1/4 of the profits today, so you can bet the 13p share value is well behind the real value, but it will catch up as the market clicks on.
Where can you read Share Price Angels broker report for today, or is it just them saying it’s still a BUY rating? any one know?
Well at these prices, BMN is making serious profits, and the
Fundamentals are looking amazing, time will see the shareprice catch up to the facts, patience boys and girls, took another 40k shares today, opportunities and all.
Russia will be completely blocked out of the world, shortages of elements will be huge, can see a massive spike in prices in the next few weeks, Just took 20000 shares as a starter today and see massive upside with so few producers, especially in a peaceful part of the world.
Don’t take Blackrocks buying as a buying signal, they just paid twice what the could have, so what do they know?
It’s rising now, who would sell shares in any gold stock? Buys will come in as those look for cheap gold plays.
Back in the blue again
Will £5 bounce?
Can’t buy or sell, IG not trading at the mo
It’s cheap as chips at the moment and anyone looking longer than day to day will make a killing, the £260 million in the bank was raised not long ago at over £10 a share, so it’s cheap today, don’t buy anything your not prepared to keep for a medium term at least, Ceres have a product that we are going to need more than ever over the next decade, and when the ink is dry in the joint ventures, then we have a very bright and interesting future.
Come on guys, wake up, we are currently making $750 dollars for every ounce of gold we sell, that could generate $55 million profit this year at those rates, happy days and our bargain market cap is looking crazier by the day.
Excellent report, they report that we will clear the Senior loan my Q3 thus triggering our reduced 7% interest rate, I’m confident that we will prove up a few more years additional gold and generate serious revenues from 2024 onwards with the debt cleared, gold could really fly this year with both inflationary issues and the Ukrainian war, not exactly ideal but certainly does boost MTLs income, took another 100k this morning, long and strong
The facts were both good and bad, the good was that the mine is running reliably and efficiently, the gold reserves look to be around 6 to 7 years with a little near field extending of the existing 5 year reserves, debts to be clear by 2025 and the Philippine taxes does not seem to faze the CEO, with a 50:50 possibility that they may even extend a tax free period, all good, the not so good for me was the large land bank is not going to be utilised, that was not expected, but I do believe in the expertise of the management and the M&A route for MTL being the most profitable way to go after the 7 years is up, the last 3 to 4 years will generate a lot of free cash, so I’m here to see where that takes us, long and strong, still huge upside to our stupidly low market cap, and gold looks highly likely to break higher and speed the whole debt free process up, 2022 is going to be a record year for us, and good news will spring up as hinted by Darren Bowden to keep things interesting.