Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
With a £321 million mcap and making £120 million in profit at current prices at 55 thousand tons per annum this share is an absolute bargain even without any other sites or additional reserves upgrade. With them it's an absolute goldmine
On the point of deferring astors payment. When that decision was taken covid hit Spain pretty hard. We borrowed a lot of money from our suppliers. Noone knew how long this would go on for. And the price of copper was around 2$. So I don't think the company had much choice but to kick the can down the road to be honest.