Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Navitas also up this week.
Mattyshy. In a word yes. There is a lot of platinum ounces but they are deep and at current platinum prices uneconomic. In fairness to Colin, no-one could have forseen dieselgate. But like BR, a painful experience which this time around l had hoped to avoid .......
NtM. It makes sense to complete the process to get AA out of the way. But does that mean shareholders will attach any value to BR at the end of that process. And should they ?. As CEO of JLP, Colin took the Tjate platinum project to jorc. 60 million ounces of platinum waiting to be mined. The project remains on the books years later but currently offers shareholders no value. Both projects require a bull market in commodities which we currently aren't seeing. Just my thoughts and would like to be wrong.
Probably caused by Brexit.
In his XTR podcasts yesterday he spoke about having good grades in other projects in his stable of companies. Plenty to play for even if a fair bit of negative sentiment at the moment.
Howezap. Fair point made. Colin has spoken about doing the same at GLR and the Luansobe project. But the tie a ribbon on it and flog it plan now a distant memory. Many a disappointed shareholder.
The Midweek Roast and Zak Mir's podcasts for XTR today give useful information about pre concentrating the copper. The ZM podcast infers Luansobe more directly.
RNS out. BR won't be sold anytime soon .....
Some interesting points regarding Mufulira on the JLP bb. In the next few weeks could all come together to the benefit of all.
I still find it encouraging that the Argentines are spitting their dummy out over something. So regardless of who was and who wasn't at the meeting, at least there was a meeting.
Thanks MD. Finally ...........something might happen ........
Docit. Agreed. In over 25 years the AIM index has gone nowhere - actually down. The investment banks just used it to pump shares for quick profit and the Company CEO's were happy to oblige. Never ending share placings and warrants have destroyed any value for long term holders. Worse, l still keep hoping this time will be different !. I remain invested in Colin's companies but AIM is a frustrating market at the moment. And the over enthusiastic comments regarding RC last year hasn't helped anyone.
Agreed. As an outsider the power situation in South Africa looks grim. Warnings of complete power failure !. At some point it must have an impact on platinum mining and prices ?. In the meantime l look forward to updates on the northern Zambian strategy as mentioned in the presentation.
Siege had a jorc. But fair point about not needing financing.
There is a new presentation on the website. Same format as that for GLR and XTR.
Am l missing something on this. I thought that we were about to start exploration drilling on this project and l assume take it to jorc. Has that been abandoned and we are now going straight into open pit mining - subject to the granting of a mining licence.
How about a deal similar to the Sandfire deal ?
I was curious of that comment. Could they have a willing buyer ?.
Thanks Ella. Good presentation. Shame the markets are in the doldrums.
Colin has been spending his personal wealth buying JLP shares. I like JLP but hardly a vote of confidence in the companies he owns.