Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
8:53 10k shares was a buy, I am underwater and decided to average down a bit. I had hoped for the good part of the rns (renewals etc) but f ing annoyed they forgot to empty their invoices in tray before their analysis. Is this a sound move? I will let you know in November when they should have their s hit together
Is anyone expecting any news before next interim? A renewed contract with B&M would be good to hear about as they are opening more stores...if there is one of course?? This is getting real low now and this is my biggest paper loss share :(
Just trying to understand the "in due course", it suggests something is being firmed up? or they want to say something but not ready to yet?
I assume "in due course" means when signed? anyone have any ideas how long this sort of contract takes to negotiate?
Thank you, so only bad news today is for Newcrest, they focused west, not happy with the gold they found so taken their ball home. Hopefully we will see a new partner in the coming month to check out our multi year license to the east. GLA
As a LTH let me paraphrase why I was excited for this RNS... we found lithium in the ground, a lot of it and at really good grades with a great business partner in SC taking a significant stake, we then thought we had lost the rights to the ground.... a real snakes and ladders moment! Share prices were looking ok to this point with a clear line of next steps outlined only to discover in December that our local license partner had caused an “anomaly” with the status. At this point (not speaking for everyone but me for sure ) are thinking “great, we have found it and now it’s not going to be ours”. The BOD moved swiftly to sort this situation and this latest RNS is the confirmation (of what we all believed would happen) that we are the license owner now and for a number of years. ( TFFT!!!) Now that distraction is out of the way I am waiting to hear confirmation of “officially how much is in the ground (Jorc at some point) and of what quality” I expect /think these will be answered with quality results first (read about bulk sample) and then quantity (I think SC have a gut feel and don’t want other suitors sniffing around) later. If anyone sees the situation differently I would love to hear as I don’t know that many people interested in mining shares to discuss with :(. I am hope we will see an updated timeline RNS soon! GLA!
Would usually be a red flag for me a cfo leaving but this one made some decisions that turned out for the worse( luck/judgement/market conditions). However, Mapping these figures to the EBITDA figures mentioned for the placing (18m last year) I get a good feeling this new management team can steer us to better times.