Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Mcap just £22 million. My money's on a recommended bid, probably from the US, coming in at or around the time of the final results. Board will do well out of it, and it will go to America. I hope I'm wrong, as it will take something good away from these shores, and also because I would see this non-RNS as a shoddy trick, and don't like to see people damage themselves with wrong. Sorry and sad to be so cynical. ATB everyone.
I know nothing about the commercial world, nor its machinations.
But I don't think they can lie in an RNS, so what they have said must be arguably true. [But quite what were the "expectations"? Where do I find them? What are they now? It would be nice to know. But I don't think it can be actually bad news.]
However they have said at or below the absolute minimum, they have said virtually nothing, and Shaw clearly knows that. "I look forward to updating shareholders on our progress in more detail when our final results are released."
It must be deliberate. After the massive spike to 8p just recently it seems to me either to be a poorly managed attempt to dampen/manage expectations, or a deliberate attempt - without actually lying - to cool things down. Which now affords them/others the opportunity to build a stake. Hence my wondering about a bid coming in, though maybe not for a month or two.
Note to self: be braver about taking profits in a spike.
re chip makers check out IQE. Cardiff based. I also hold some AMS, but in vastly smaller quantities. [I went overboard on IQE.]
True. And I made a mistake: it's a 16% premium on this morning's price. Agreed re moving, after the divi date, 29th this month.
May fall the day after!
I'm up over 50%, since Sept '19, so I can't complain.
Thanks for responding. :)
Interesting that not a single comment here so far today!
Tbh I never like companies I'm in being taken over, and the premium is only 13% to this morning's starting price. I wouldn't be in here if I didn't think it had a lot more to offer than that.
Need to stay in till past 29/1 for the divi.
Anyone any recommendations for something similar??
Ha! I've always rued the decision not to follow Rivaldo out when he sold in March '19 at nearly £4! :). Only just getting back there now. I usually top up when there's a big fall in a company I believe in, but missed it here. Double rue! Still, I'm up 3%!! Lol. Mustn't grumble.
As you say, it seems a good company, and I can see just a bit of Biden's 2 trillion dollars making its way in this direction.
Hi Lucky, thanks for the work. I really know very little about this, I was just looking for a way into copper, and found this the other day following a poster I respect. Have done very well like that for lithium with EMH.
When you say "we need" such and such a diameter is that to make an economic volume/size? Could you elaborate a bit what determines that size? I'm at the stage of looking up Wikipedia for what porhyry copper deposits are! Actually I find Wiki quite encouraging:
"Porphyry copper deposits are copper ore bodies that are formed from hydrothermal fluids that originate from a voluminous magma chamber several kilometers below the deposit itself. Predating or associated with those fluids are vertical dikes of porphyritic intrusive rocks from which this deposit type derives its name..... Because of their large volume, porphyry orebodies can be economic from copper concentrations as low as 0.15% copper and can have economic amounts of by-products such as molybdenum, silver, and gold. In some mines, those metals are the main product..... Porphyry copper deposits are currently the largest source of copper ore."
Combine that 'economic from copper concentrations as low as 0.15%' with "At 71Mt @ 0.44% Cu and 0.064g/t Au, at a 0.3% Cu cut-off, the Racecourse Mineral Resource within the Bushranger Project, is one of the largest undeveloped porphyry copper-gold deposits in the Lachlan Fold Belt" from our 19th Jan RNS and I'm quite happy. But I wonder why the 0.3% cut off if 0.15% is sometimes feasible?
Very interesting. Sounds to me like they are finally opening the shop and saying we're ready to start looking and we're good at what we do: but we want the right business and we're no pushover. It's been a long wait! If I wasn't already in here heavily I would look at now as a good time to come in.
I was there in 2017 - a little younger, and very much greener!
The rise into the 170's was driven by rumours about supplying Apple and a stampede took place. It was very brief, and then dropped quickly to almost 100. Just briefly I think it went intraday over 180: having bought at 18p I reckoned I was on a 10 bagger for about 10 minutes!! Sadly I was too inexperienced to take profits on a hope and sentiment driven spike, and followed it all the way down. Virtually to 18p again by last March. Today I HAVE taken profits on the IQE related Silex Systems that I mentioned to you when I bought at AU$0.17 in Jan 2019, and I think twice since. Intraday I saw it hit AU$1.70 - another 10 bag - the other day, but sadly with an Aussie share I can't deal instantly. It has a low income from its cREO licence deal with IQE, good progress being made to monetarising its laser tech for refining uranium (including from tailings) but nothing concrete and no money yet, and Aussie government funding for research into its zero spin silicon for quantum computers. ie no proper income there either, the 10 bag is on hope and sentiment. So taken profits... (but left a lot in - an imminent permit from the US government would release the uranium situation).
Wish I'd done the same with IQE. It was no wonder the shorters took such a stranglehold, and Muddy Waters too, with baseless accusations. When the price is based on rumour and hope...
But now: this appears solid. Could this finally be IQE'S year, or 2 years? I think YES.
Thanks for your enthusiasm, Osaka.
This share has so many strings to its bow. Even before the pandemic, just look at the Free Cash Flow chart.
One excerpt:
"Russell eschewed traditional lidar designs and built a new one on a different wavelength and with the chemical compound indium gallium arsenide instead of the typical silicon — more powerful but still safe for eyes. Luminar says its system provides a full seven seconds for a self-driving system to react to an object 250 meters away, longer than its competitors."
Money Week have a major feature this week, their 'investment focus' slot, tagged on the cover as 'How to invest in Africa's coming tech boom'.
Under 'what to buy' there are just 2 ETFs, and 4 companies, of which AAF is one, and of which only AAF is both genuinely widely spread and inexpensive.
After such a great rise yesterday I made the happy discovery last night that I had duplicated holdings in different accounts, and had nearly twice as much as I thought. There are some benefits to age!
Such a large proportion of my pf in what was yesterday a less than 15m mcap tiddler was obviously not wise and I took advantage of the rise to sell this morning, in tranches. Market size is only 20k. Some but not all of the extra: so effectively for me it's a top up - bought yesterday at 1.5p!
OK, Alliance News release a few minutes ago:
(Alliance News) - Gama Aviation PLC on Friday announced its US subsidiary Gama Aviation Engineering Inc has acquired Trenton, New Jersey-based Jet East Aviation from East Coast Aviation LLC for USD7.7 million.
The Farnborough, England-based business aviation service provider said its subsidiary will pay USD7.7 million upfront from its existing resources, with a further USD1 million in deferred cash payable over two years. It also will assume USD3.2 million of business aviation aircraft maintenance provider Jet East's debt.
Gama Aviation said the acquisition will "substantially" enhance its already extensive maintenance capability within the US, capturing "further market share with 15,000 active business aviation aircraft."
"This strategically important acquisition enlarges and strengthens our presence in the US, the world's largest business aviation market. The combined business will also be well positioned to benefit from the inevitable recovery in US business aviation activity once the pandemic impact subsides. This is a deal that enhances our service offering to our clients, is anticipated to be value accretive to our shareholders and will provide opportunity for our people," said Chief Executive Marwan Khalek.
..... Not sure what I think of it. Cost US$11.2 million. Loss making?
Why can't I see the RNS? Had to go to the website to find this (which is long on froth and short on details, like how much did it cost?).
https://www.gamaaviation.com/news/business-aviation/gama-aviation-acquires-jet-east/
But I'm glad to see they're active.
SP now highest since 2017.