Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You would think given these early stages that the primary option be taken ie kept internally to drive growth however, maybe just maybe, one of the other options transpires. It would certainly hugely bolster investor sentiment towards the business model of packaging up assets
“Copper rose as much as 2.6% on the LME, to $10,244 a ton. The metal is on course for a weekly gain of 9%, which would be the biggest since 2016. After fresh orders to withdraw metal on Friday, there are now just 14,150 tons of copper freely available in LME warehouses, in an industry that consumes about 25 million tons annually.”
“If more metal doesn’t make it into the exchange, then it really is in a difficult position,” Michael Widmer, head of metals research at Bank of America, said by phone. “Right now the LME is running a physical contract that effectively is not really backed by physical metal.”
I don’t see it that way at all, if the asset is there the value is still there irrespective of who’s governing it. The reason this share is at current levels is because as of yet, despite many opportunities, there is nothing tangible. One would hope given the multiple opportunities underway some upside is due soon and remember not all projects will be spun off via ipo
Yes and no. Presumably Pow metal will retain percentage ownership/ shares for each entity increasing pow value but Each listing will seek its own governance and finance, obviously many investors will pick and choose which investments they favour and additionally invest in those.
The vast majority of aim companies are merely an idea Justin! Usually fantasy. The difference being here there are many ‘ideas’ and they are derisked via partnerships, more importantly the company has yet to decimate the share price with fundraisers and dilution- arguably they are generating revenue by pay the bills. This of course is not to say there is any guarantee of success, I don’t know many people that would trust Bell as far as they could throw him.
If nothing else lots of opportunities to drive market sentiment.
‘Can't release the value/amount of offtake as this is commercially sensitive for the offtaker’
How about the commercial interest, namely financial interest of the investor, zero value attributed in exchange for bonus shares... spiffing
Well it’s quite simple really, a small market cap with a small share price in this arena equals A) a unicorn or B) junior explorer with prospects, and or one that has just been consolidated, vs A) a slightly higher Mcap with a few rounds of funding under its belt and an asset (s) or B) 10billion shares in issue but potentially an unlucky prospector or C) a dud.
Lemajor- first and foremost notice of that intention would be communicated as a few have stated. The theory is plausible but the investor savvy enough to have sell orders is savvy enough to know what’s going on although I accept a huge percentage of shareholders are private investors and so anything is possible. Make no mistake there will be a share consolidation next year, it’s not a bad thing providing the company has sufficient substance to justify the act, DW has said it would be detrimental short term which is correct as to date there is nothing of tangible value, once and if that’s addressed then to be an attractive proposition to institutional investors it needs to happen.
Obviously no company wants to do a share consolidation when there is as of yet no substance and to think we will use surplus cash in the near term is dreaming. There’s nothing wrong with a consolidation providing there is substance enough to sustain it.
At these lows it’s pretty immaterial what the additional shares will do to the sp, the total amount of shares however is a bigger problem, most would have seen a consolidation way before now. It will more than likely happen next year but hopefully after substantial developments to sustain one.
What a shame about the dilution from 33% to 11%. I understand why the board elected to do so but I think (dare I say it) that given the amount of shares in issue a placing would have been better as it was always going to be the case that precious metals would rise as a consequence of EV demand and the inevitable global currency deflation’s . Still looks an interesting proposition though.
Zzzzzzzzzz, double digits ? Despite years of false horizons and countless fund raises what gives you that impression when to date all adl has achieved is a “special relationship “ which has = zero productivity. Warning warning, optimism is dangerous for your wealth.
Have given tremendous return from last years 2.6ish to highs of 12+ and the news flow steady and regular, if some think their hard done too with returns and leadership we’ve seen I don’t know what to say! Put these in the bottom draw, forget meddling and in 3 years you’ll be glad you did
“oophs! have i been suckered? is their website effectively just a tissue of lies“, well going off past performance to date I reckon you got dave and co summed up about right
Two reasons pw stood down, number 1- genuinely believed he was a financial burden on the business with nothing more to add and for the sake of the shareholders stood down or 2- wanted to distance himself to preserve a reputation that took decades to build, hmmm