Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
1 million oz at £2000 would easily give a valuation north of 4 billion imo.
Poly produce 1.3 million oz with a valuation of over 8 billion. Plus they are only growing around 2% compared to pog's 50%.
Retiredbanker said he would sell the lot if he could get 20p a share. All doom and gloom since I started reading this board.
Nice one pog...
Dream on if you think ME or NP are going to step down. What would they do?
Nano were screwed by Samsung. That much is pretty obvious. Hence the litigation.
Apple were attracted by QDot tech.
There is value in nano for sure.
But it goes to prove how difficult disruptive technology is hard to commercialise.
Yes, IRC looking up indeed. Their positive profit notification was good news.
Interesting the two commodities racing ahead this year are iron ore in first place followed by gold. Nice sweet spot to be in....
Good news on funding here. Nano have an excellent case against Samsung. They clearly nicked their processing tech, led both nano and Dow up the garden path and then dumped them both. Key is the molecular cluster evidence in Samsung's dots. Also, no way Hansol had the tech to start producing cad free on mass back in 2013.
Bought a stake today anyway. Litigation risk much reduced now.
Not bitter at all Grim. Just pointing out a few facts.
And no I haven't added on weakness. I bought in at 7p last year due to completion of POX and the transformation that would ensue. Geared on the spreads is 1000% return even with the drop. Without looking at a chart...
So, I'm just fine ..
There's always ifs and buts.
But essentially you were wrong. And I think you also said that POG would be much stronger relative to other gold miners. Which it seems is also wrong given the 30% decline since last week.
Tough being a charting expert!
Fine on 30th, but that wasn't the message prior to that. Gold was going down the pan if I recall which would bring all gold miners with it. So have you changed your mind on that.... just that people listen to this nonsense and may have sold on your predictions.
Just to be clear, it's not a question of 18 million. You have to add in the debt. So whoever wants to buy has to pay 650 million.
With a glut of diamonds and hard pressed companies, I'm not sure who will come up with that sum in today's market.
2.5% might seem like a dream, but recall this from HGM a few months ago...
-- To lock in lower interest rates, the Company drew down US$60 million in long-term debt from open credit lines in March at an average interest rate of 3.36%, bringing gross debt to US$326 million and net debt to US$254 million as of 31 March 2020. The net debt/EBITDA ratio remains comfortable at 1.2 and additional open credit lines worth US$340 million are available
I think this year we'll be around 1.2, too. And the HGM agreement was before interest rates started going negative, and will continue to do so.
|It all comes down to credit worthiness and risk.
I don't see what the issue is with the 2022 bonds. They will be refinanced or partly repaid and refinanced etc.. But one thing's for sure, the rate of interest will be cut dramatically as the key metric is debt to ebitda which is set to fall to around 1.3x this year. Pog could quite easily borrow at 2.5% interest from a bank given the dramatic improvement in their credit ratings.
And S&P Global Ratings EBITDA forecast is a joke. We already did $265 million last year with gold now $400 higher and production 200koz higher. EBITDA of at least $500 million surely?
The time to invest in POG was when they successfully completed POX. So December last year. That's the material difference that's driving the share price rise. Otherwise pog would be down at 7p with declining prospects.
And where is RetiredBanker, who for the last 12 months has been pretty much wrong on everything pricewise with POG.
Nevermind the subtext of fraud that permeates this thread.
Well done Pavel and the board!!
DavidtheGrim,
Waffle, waffle, waffle...
So gold is going to collapse?
Do some fundamental analysis and stop calling people weak who are doing rather well... is my advice.
Go baby...!!
Yes a load of *******s...
Going way higher …
Not even a billion yet. Poly over 7 billion...
UpDownFlat,
I think o.o4 for the full year is way too conservative.
Temesis back in January were predicting 2020 PBT of 198 million and EPS of 0.04 and that was with gold at 1550.
Yes, Pavel wasn't making it up...
listing, divi, merger is my bet ...