Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Feels a little overdone this morning. Still promising sales, just not as promising. Added at low 3s
I think it looks attractive at these levels. We have discovery, we have cash in the bank and still a very low market cap.
My average is just shy of 6p (for which I posed over 100k for). I could be tempted add a little more. Couldn’t pull myself to do it at 0.25p as I though they weee going to go bust!
Longer term this company could get to £50-£100m market cap. As soon as they start generating good profits, they will start being valued based on multiples of EBITDA. Probably something like 15x. So you only need a few million of profits for this to get very exciting