Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Jaglith
All the posts about things slowing down when it is the wet season in Africa are drivel. I've lived in Southern Africa and people there can't wait for the dry season to end & the rains to come as it actually makes life easier in many ways.
Drivel, drivel drivel.
Raydaar - the Royal Navy takes great care to weed out idiots before they ever get into the navy in the first place. I find it inconceivable you were ever in the navy at all. I was in the navy so know you wouldn't have been tolerated.
I would imagine anyone living in Zimbabwe or with any business interests in Zim would be a bit nervous about what is going to happen when the current election is complete and announced. The risk of severe civil unrest is high.
Could this be why the share price has tanked in the past few days & today in particular ?
What do other shareholders here think ?
From the Idiot Braindead De-Ramper who says:
Paragraph 4 of the RNS:
"The total proceeds received under the terms of the Facility HAVE been used for general working capital purposes and to meet the ongoing operational costs at the Zulu Lithium and Tantalum Project."
That sounds precisely what any average person would write in an RNS if the business they were running had a month or so worth of cash in the bank to pay operating costs & they were making sure there would be more than enough cash available for the months beyond that, rather than badly manage the business by surviving on a hand to mouth, edge of the precipice way by not having enough cash in bank to pay for basic operating costs for a few months ahead.
Having acquired a largish lump of cash & needing to explain via RNS rules what the cash is for I would naturally say "I have used that cash for operating costs" meaning it has been chucked into the current cash reserve of the business to enable it to pay it's bills (operating costs) going forward for a few months ahead.
Has anyone any idea of how much Zulu mine operating costs are right now while the actual plant is idle while the current modifications are made by adding a more competent milling unit ?
And then how much the operating costs will be when the pilot plant is fully operational - hopefully in a matter of just weeks ?
I would have thought that current operating costs were minimal until the plant is producing again.
It's a demonstration of how utterly pathetic most posters on this board are that all they are concerned about is hurling abuse while one of the single most important bits of information investors need is how long will the Roach two million pound loan cover it etc.
I owned 100% of Prem right now, what would I do ?
Well, I would have just persuaded my shareholders to vote to allow issuing lots more shares, 5 billion to be exact, or very roughly 20% of the capital value of the company. Why ?
UMmmn...... Errr...... Oh, of course that's why ! I knew there must be a good reason, just forgot for a moment there with all the excitement going on at the moment - too much to think about all at once , LOL !
With the Prem pilot mine producing a minimum of £100 million profit per year within a few months from now, what to do next ?
Dhoh ! Build another mining plant as fast as possible Dumbo ! Bigger than the pilot plant too to more than double that £100 million profit a year. Now we can really motor and speed up Mutare maybe to get a mine going there asap too !
Is anyone else using zoom & finding it totally ridiculous ? Zoom software is total rubbish as it wouldn't let me use it to start with and now that I'm in the meeting the only person I can hear is George Roach. The entire computing/software industry needs a nuclear bomb up it's backside as it is totally incompetent !
Does anyone have the Zoom code to get in to see the meeting on zoom
If I was a major shareholder & CEO of Prem right now I would make as much use as possible of that EGM meeting on Saturday 12th August to ensure a successful vote.
And that means making sure at least one 'Useful' RNS goes out just before that meeting, Wednesday being the ideal day, failing that Thursday. I would make sure that even if there was not much in the way of RNS news that I would 'organise' something 'suitable' to conjure out of thin air if necessary. And I would make certain I attended in person to chair the meeting, however inconvenient it might be flying all the way from Africa to the UK after endlessly flying backwards & forwards all the time recently to and from the Zulu mine in Zimbabwe & Johannesburg.
I'm surprised nobody here is chattering about whether George will turn up to chair the EGM vote meeting on Saturday 12th August !
Sadly, I used to have six million Prem shares which I sold before the idiot Russian invaded Ukraine so I could buy more EUA shares - which then all 'evaporated' until I lost patience and sold them all to buy some PREM shares as I was confident they would multi-bag fairly soon. so far there is a slight loss there too, but I'm still hopeful - although anything could happen in a place like Africa. A place i know well as I spent some time living there.
Does DSO stand for Direct Shipping Ore ?
A statement of 100% ignorance !
If an acronym isn't understandable for any reason, that is 100% the responsibility of the person originating that bit of non 'communication' because quite simply they are trying to convey information which they (obviously) are too ignorant, incoherent & incompetent to do as they do not understand that acronyms can only be used in relatively rare circumstances when it is clear they can be expected to be understood.
The messaging culture of the internet greatly encourages this illiterate nonsense. Only ignorant people would think it is a good idea to use loads & loads of acronyms.
people who use acronyms all the time for almost everything just because they can't be bothered to write a full word are illiterate ******s.
what is cod, fog,daf. i'm not actually asking you though as i can't trust information from someone who is part of the vast number of ignorant prats infesting the internet.
Especially for watcher : mugwump083 at h o t mail. c o m
To Watcher
You say:
To Clueless that you i can prove the jabs are causing harms in multitudes of ways. Solid, scientific proof. It's not conspiracy if it can be proven to be true...
So I wonder if you could be so kind as to actually produce this proof that you say you have.
Thanks in anticipation of your amazing revelation !!
How can I 'get permission' to join the Telegram group on my desktop computer as I only have a 22 year old non smart mobile phone so can't use it to scan and when I tried the alternate method of using my phone number it would not recognise my landline as it only wants a mobile. So, I gave the ignorant little bit of software my mobile number & asked it to send me the telegram access code by SMS to what the awful idiot software says it will do to 'other devices' BUT it obviously doesn't think my mobile phone is a valid 'another device'.
The entire software World is moronic !
Is This Stark Stockbox Interview A Complete Fairytale ? Only dreamt up & fantasised about by the lies from all the braindead Trolls here on this forum ?.
Where Can We See Today's Webinar ? I assumed it would be available either on the Premier company website or you tube or somewhere else in the electronic braindead Hell that is the Interweb.
What does RUS stand for ? Resource upgrade something or what ???
acronyms are dumb !
Tygra: I think you are probably right about standards in every profession/area of life being lower than just a generation ago because that seems to be my observation too. But before me saying anything about why this might be the case I would like to ask you what your opinion is as to how this has come about.
Winsnip88
many thanks !!