Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
LME Nickel
US$21615.00
The CTC figure seems overly high and G-Mining were obviously given free rein, surely another quote or 2 would have been appropriate & standard practice.
Where was the breakdown for the massive increase for a project that was supposedly 70% complete
The cornerstones have acted as day traders when they should have remained focused on The Long Term Strategy, you wouldn’t want to invest in The Orion III Fund if this is their approach, or La Mancha for that matter, zero cojones!
*Thought this was a Longterm Investment Strategy *
And Nickel price will probably level out between US$25,000 & US$30,000/t by the end of the year, add on ESG and potential taxes on Dirty Nickel it really beggars belief and through in this was a Long Term Investment Strategy for La Mancha and Orion Fund III , knee jerk reaction from the cornerstone investors ……
You couldn’t make this up!
NICKEL Price
21,482.44
+749.94+3.62%
81.28p for me please 🙏
This makes a huge impact to the overall viability so I would like to think so but at the same time I don’t want to get overly optimistic as we’ve been through a lot here.
It really does matter
NICKEL Price
21,066.70
+1,731.70+8.96%
There’s More …..
NICKEL Price
20,970.92
+1,635.92+8.46%
Am I seeing things WTF
NICKEL Price
20,854.15
+1,519.15+7.86%
And now Nickel making great gains, you couldn’t make it up!
LME Nickel
19797.00
10,662,766 bought yesterday and probably the same today 🚀
80p close would be great 🥳
@KRSS , I hope you’re right and we all get something back
Can I change my Friday prophecy 😂😂 👆
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On completion of the merger I reckon £1.25 will be an easily achievable …..
@KRSS, US$418 Million Debt excludes Cost To Complete, it also excludes US$85 Million owing to creditors and also Excludes additional loans from cornerstones and excludes ramp up so give or take US$100 Million someone needs to have US$1.2 Billion, even if someone thought they could shave a bit off the CTC of US$600 Million I reckon it’s still in the region of a Billion +
If Nickel hits all time highs tomorrow then someone might take another look but it’s highly improbable
We’ve all lost here …..
Unfortunately CTC is $600Million + Existing Debt so probably over US$1.2 Billion with ramp up etc etc, I find it extremely difficult to believe we were 65% - 70% completed and require $600 million, it looks like money has gone missing but as we haven’t been given a breakdown of where the money has gone we will never know.
Blame the Nickel Price, Incompetent Management and Dishonesty and not necessarily in that order
Absolute Disgrace!
I think for shareholders to expect anything back now is beyond a pipe dream, Nickel price would have to hit at least $25,000/t , 50% tax’s Globally on dirty Nickel and 50% Tax’s Globally on Chinese Imports, if all that happened tomorrow potentially a buyer might appear & make an offer for HZM
I don’t see any of that happening tomorrow & unfortunately HZM appear to have run out of time now.
I can’t believe there is still a short position showing? They’re going to need a Massive box of tissues if they don’t close it ……