Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
whats going on with this? if I have AIM listed RMP shares are these going to be converted at some point or are they effectively gone now? I have HL account with them in that not really telling me anything?
I don't think communications is BMV's stong point unfortunately or PR in general as their very out of date and barely functional website attests to. Its a damn good project though and thats the only reason I'm here
Does anyone know whats happened to this. weirdly its not on the project list directly from the website but is still there if you go direct to page. It seemed to be going OK back in 2019 but seems to have all gone quiet since then, but presumably we still have it?
Not a huge a addition of tailings, really but more good news and more important is there other projects coming stream on time and on budget which in the middle of a pandemic is impressive to say the least.
Be nice if the chrome price increased a bit as we're churning out so much of it.
Not to worried about the exact minority share as we're only talking about an addition 12,000oz platinum total anyway from the new tailings. I'm hoping this is a first step to adding new tailings from new suppliers if other mine owners see they can also be enriched by enlisting Jubilee. I'd rather t have 51% of a lot than 90% of not very much
I'm a little surprised they didn't just sell Thule to Blue jay to add to their reserves and therefore only requiring on port set of equipment etc. Then use those proceeds to advance the graphite which I think is where the real money is.
Its difficult to give a valuation really. based on 50.000oz a year 5 year mine life at 600$ ASIC then yes I would think 60 to 80 million. The problem is we have quite a few unknown. Its blooming obvious that our resources are far far higher than the 600oz we have and that's just Homase resource let alone the second mine. so what value do we put on those maybe not so much now but I can see at least the Homase resource being expanded relatively soon so this should lead to continued share price growth before we even get onto the other mine at which point, who knows.
ignore me should have read the website better, Q3 for the Zinc lead and vanadium sometime after that apparently. As Nelson mentioned be amazing PR if we can cleanup one of the the most polluted cities on the planet, while making money
I was wondering about the other circuits at Sable for processing the Kabwe tailings themselves. Have we got timelines on these coming on stream. The copper seems to have taken over somewhat but assume these are still being built in the background?
Finally! they bother to explain why their ASIC this quarter is so high. Was that so much to ask with previous RNS's. Obviously not a dazzling performance but we weren't expecting it to be. Q2 will be the interest quarter this year.
Things that would be nice in the short term:
Mine life extension
New mine permit in Guinea
reduction in ASIC in Q2
debt payments completed in Q2 and cash balance increase in line with this and the reduction in ASIC
These could be a while yet they have never been exactly prompt with them.
My main issue here is they need to get the ASIC under control. I don't think they have ever made the project forecast of $790 an oz it's been lucky that the gold price has strengthened so much over the last couple of years or we'd be i a proper pickle.
I was disappointed last year after one quarters free cash of 8 mil disappeared into inventory which I assumed was stockpiling due to Covid. However this didn't reduce costs in the following quarters what I presumed would use this stockpile.
At the end of the day we are debt free so I expect to see our cash in the bank increase substantially quarter on quarter (less drilling capex) from now onwards until we either see some sort of divi or capex on the Guinea project, otherwise we should all be asking where this money is going.
Overjoyed someone else is now handling Dugbe as we clearly weren't going to do anything with it and frankly based on performance on the relatively straight forward Yanfolila management would probably have messed it up with a more complex project.
I say this a depressed share holder but just to check I'm not totally losing my marbles the plan for this mine was 2700 tons a year of tungsten concentrate wasn't it? and we're currently doing between 40 and 70 a quarter at the moment?
Gosh reached the heady heights of just 55% down for a day there, I felt quite faint.