Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Sorry, should have been Hi hj not hu
Hi hu, where did you see that comment?
e.g.?
Why do u say that VX? About Justin W
When do they expect the results of the Petersen case, approx?
Strategies are in place to limit risk by ensuring no defendant represents more than 5 per cent of total commitments, or that no single case capital-loss would amount to more than 2 per cent of total capital invested. The shares are well up on our buy tip (415p, 6 Oct 2016) and now trade at 16 times forward earnings. That�s slightly higher than they have been during the past year, but with its proven track record of backing the right horses and plenty of investments to be crystallised, we reckon they�re a solid buy. Last IC View: Buy, 1,088p, 28 Jul 2017
Hi patters I am interested in what they are going to do with the money they get. They will have to buy some of the US miners to make up for lost reserves.
Mik, I think you are probably right it's likely to be a JV rather than a takeover.
So pleased for everyone. This should move much higher over the next couple of months.
I sure hope so. The stock is not pricing in anything great.
I take it you don't hold then
So I was right it's a 5Mt resource. They will need to raise cash to buy the mining equipment, trucks etc. It's difficult for me to see the value?
Hi goCopper, I must admit CRA is one of the most difficult to work out. It reminded me of Nevada Copper which is another mine field. It certainly puts me off investing. There is just no need for it to be so complicated. Do you or anyone else have a favourite copper stock?
Hi mogwhy, I have struggled with CRA as well. I emailed them but got no response. How many CLNs are outstanding? Do you know the fully diluted share count? From the documents I found it very difficult to work out the fully diluted share count. Thanks in advance
Thanks okenia, I think you got a good asset, rather surprised CS sold it. Thinking about making an investment here on the back of it.
I like CS Capstone mining and was rather surprised to read the news. I had never heard of PERE. Can anyone point me in the right direction to the assets here.
I can explain some of the selling. The larger blocks are mine. Finished now took about 5 trades. Mr O I feel your pain but what can u do? If it's any consolation GWMO has lost 50% of its mkt cap recently and the stock I am looking to buy, Northern Dynasty, is down about 25%. In that context ATYM has held up quite well. Good Luck, see u in 2 yrs
I hate to say this and I know how tough it is but u should just cut your losses. It's not the first time I have got it wrong and in hind sight cutting and moving on was definitely the right thing to do. Not suggesting there is anything inherently wrong with ATYM apart from what u already know. I just think it's now an opportunity cost. There is a V similar CU miner listed on the TSX called Excelsior(MIN) which will start production in 6mts and will fund most of it through debt. That's what the CEO says anyway. Has 4.5bl tns CU compared to just 2.75bl tns for ATYM. Mkt cap of �100m. I think it's probably worth double that at least. Hard to know what value the mkt places on the CU in the ground. All the best
CF2000, I completely agree with u. It's cheap as chips. I had it about 4X before the rights issue. However no share exists in Isolation. The whole CU mining sector is in a similar, bizarre IMHO, position. I got in at 150 after trading out of Kaz which was a hugh winner. I had hoped ATYM would be similar. I have to accept I got this wrong. ATYM was my favourite because the expansion was meant to come on late 2018 and I thought they would borrow to fund it. Another CU miner WTI has a debt of �110m and a mkt cap of �7m so I couldn't see any reason why ATYM could not have borrowed the money. Gutted to hear u got in at the high. I am sure this will come good but not in a period of time I am prepared to wait for. My best guess is that they will post a much better EBITDA number next quarter so I can see it going towards 200p but I was looking for much more than 10-20% If u r interested I am moving into Northern Dynasty listed on NYSE. Another company that looks V interesting is Versarien which makes graphene products, listed on aim VRS. The other aim CU player that looks promising is GWMO. Good luck