Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I prefer the GARP approach versus speculative plays —- buy at a reasonable price, avoid ramped up stocks, and pick stocks with solid growth prospects… then wait. Having said that I got ramped on ECR, FOMO and as such overpaid and now averaged down…and exploration stocks don’t have that path to cash or profit defined…. Has given me too sweaty palms
Just another thought.... why invest in land unless you knew you had something to mine.... if they weren’t sure they would just keep drilling until they were more certain.... risk reducing, reward increasing..... expect CB to be chatting with Alan Green pretty soon.....
I don’t mind getting a bit carried away here as I’m getting g genuinely excited as I have a stack invested and will get great enjoyment from seeing ECR acting confidently… and being rewarded for holding whilst the SP retraced… and I did that because CB has been working a plan and all the negativity felt short sighted
Pre revenue companies increase in value on milestones as they prove their assets… it doesn’t need to be operational mine for the SP to start rocketing.
ECR I suspect is about to hit value generating milestones this side on Christmas… the most important of which we may hear very soon, extra drill results… then if licences are awarded that’s an additional milestone value generated….milestones are coming… we know less than management and their actions speak volumes…. If they weren’t confident they wouldn’t invest near £800k in land and drill. Also news slowed down and during that time the land and drill purchase happened…. They are plotting the news flow…. The quiet patches are the interesting times as stuff happens behind the scenes
Early days for sure coming out of the doldrums….. but I’m loving the wild suggestions… which aren’t really wild at all… just will take time and money to play out.
Im interested in views of this new land and how it might, or might not, relate to prospective JV… eg better negotiation position, it’s JV on our terms or we do it ourself looks substantiated as a stance
Also shows to me that short term sentiment and SP doesn’t matter much —- think of this as a 1 - 2 year play and forget the noise.
However Because everyone dreams of the next Greatland Gold many punters will be turning up here soon
Craig not looking like such a mug now —- zero to hero… remember he’s been working to this plan all along… JV only at the right price, multiple drills, enough cash to have time and resource to do it without needing to get desperate… maybe his cheap at 4p statements will start looking true too
Just a thought —- who would you give licences to if your were the Victorian Government? An active miner setting g up base and looking to develop their prospects maybe? #boxseat
How exciting —— now can all you tampers get to work please ….
Ask yourself why this may be the case…. Significant quartz intersection … maybe they want to bundle that news with other news and release a banging RNS…. As opposed to releasing results of 1 or 2 holes…. There must be a degree of tactics and planning that goes into RNS’s
I bought in partly because I thought what a great story… small Biotech from up north coming up with best in class testing; quicker & easier and exactly what Boris was after —— sovereign all the way. This is going to swing into view at some point. Or has that horse bolted now?
Nice to have a promising update like this one…. Such a small market cap…. Easy to see multiples if this develops further
I think this week will bring….. a rising gold price….. new licences….. fantastic drill results….. and see u later 1.6p
Piled in at these levels…. Best time to buy straight after a duff trading update
I think we’re nearly there… or at least tomorrow we will be nearly there…
What’s the court process if the last bank keeps sitting on their hands? Surely at some point the courts have the powers to push it along? Thoughts on this
I predict more losses for cs123 for making ill timed investments ;)
If there is a pattern it drifts to 25p and then the next upturn to 29p happens, and then we start wondering again when it will happen….
This could drag on and on. Only choice is hold or sell. Seems like some choosing to sell on the update as who knows when this lands…. I chose to hold and wait…. Outside Amapa the other investments doing fine
You say masterstroke. But
That was always CB’s plan
So I think he’s played it right as he’s thought about long term shareholder value all along….