Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Agree it will be good in the long term but they should have borrowed the money to pay for it. Alternatively they could have payed Astor off using the rights issue and then borrowed the money they needed for expansion. They said it would be ready by end 2018 now it's end of 2019. So it's no longer a case of jam tomorrow but jam next decade. Sadly that means we have to wait 2yrs to see a re rating in the shares. I have been saying ATYM is my favourite share, I take it all back, I am moving on
My understanding is Astor only have a say if we resort to a senior debt facility. This is an equity placing so no problem. Someone can correct me if I am wrong.
Don't think it matters much. They have got the iis on board so they have got the money. FWIW I am not taking my shares.
Agree Mr O dont understand why they can't raise debt? They said it be ready by late 2018 and now it won't come on board until late 2019? I was just thinking what a well run company this is.
Exactly and with ATYM highly geared to the price and with a big increase in production coming it should be a big winner.
Totally agree on both China and EVs. Having said that I have read about charging infrastructure projects in US, EU, India and China starting immediately or 2018. They can over produce ALU and steel to create jobs but they don't have any CU.
Hope so, This should have big implications for CU price. https://amp.theguardian.com/environment/2017/dec/01/electric-cars-already-cheaper-to-own-and-run-than-petrol-or-diesel-study
If he could get something else and move to the main mkt then this could easily re-rate. Phoenix mining(PGM) got the rights to an old mine in the US and they look like they will restart production. Something like that would be highly accretive in time. He will have to be quick as these assets r being snapped up with the CU price rising.
Wow, I had no idea. I hope he does. No mention of the planned expansion to 15mt so maybe he has changed his mind. Not many CU miners in Europe so difficult to think of a possible target. More in S. America but it won�t come cheap or without political risk. There are lots of media appearances in 2016 but nothing since? Strange? Lots of exploration potential at PRT and Touro, which remains open, so he might have enough on his plate. It will be interesting to see what the VTEM geophysical survey throws up. Had a look at last quarters EBITDA, V disappointing, but I think it will turn around in coming quarters. Been looking at the other CU miners of similar size and resources. On TSX: Copperbank, Excelsior, Coro and Northern Dynasty, LSE: GEO, GWMO, ARS and CAML. It�s not easy to compare, so many differing factors, but I believe ATYM is the best. Copperbank, Northern Dynasty and Excelsior all come close but because of its leverage to CU price and near term expansion to 15mt I think ATYM is better. Have u looked at others or r u loyal to the Spanish temptress?
What? 3rd mine? I haven't seen anything about a 3rd mine
Only a few days!!!
BIG thanks quasar. I can't get to these things so u have certainly helped answer a few of my concerns.
I don't like the way this company is run but if they do discover a large resource through a focus on drilling then I think it will be worth it. Let's be honest 50Mt is peanuts, we need 200Mt's to make this. Hopefully this will be short term pain for long term gain. MM
Does the rns relate to the step back drilling from BKZ or just more BKM?
Agree, hope they get over 60,000tns https://www.weforum.org/agenda/2017/08/how-china-is-leading-the-renewable-energy-revolution?utm_content=buffer29725&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
I agree EV revolution is probably a couple of yrs off. However to make EVs possible they need to put in place the charging infrastructure first. I have read about charging infrastructure in EU, USA, China and India. That should add a lot of CU demand in next couple of yrs. Add to that wind farms, solar panels and the Internet of things and I think u have a perfect storm. CU grades have been declining and there have been V few large discoveries in the last couple of yrs. With a lack of supply and a structural increase in demand I believe CU prices will explode in the not too distant future. With ATYM highly geared to CU prices and increasing output I think it will go a lot higher than �2 although it might take the market a bit of time to wake up to its value. Southern copper trades on 33X because it can increase production by about 50% in the near term, well so can ATYM. I know it sounds wild but I genuinely believe u will get a 10 bagger out of ATYM(just not tomorrow). https://www.bloomberg.com/news/articles/2017-11-24/india-to-step-beyond-renewable-goal-with-china-scale-tenders
The more I look at it the more I like it. Potentially moving from 40,000 to 55,000 + Touro 30,000 = 85000tns of CU within 3 yrs. it's a growth company trading on a value multiple. ANTO 22X but no growth in production and exposure to metals like iron ore that are not showing anything like the strength of CU. Very difficult to find another CU miner that can more than double production within 3yrs On top of that it's highly geared to the CU price. At some point I believe it will re-rate.
Thanks, Yes I had seen it. I thought u must be referencing a more recent video. Watched it again. Interesting at the end when he says 150 is undervaluing the company and that was with much lower CU prices.