Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Morning all good reading from Last night.
O/T does anyone here use Level 2 to trade and who do you use.? I note that some keep saying top up then promptly the net hour or day its even cheaper so surely with Level 2 it would make sense to time these so called top ups slightly better. Just a thought and question.
Thanks TomE Wasn't having a swipe at you. Im in a frustrated mood today...glass half empty day and I'm tired at waiting for this one to come good. I think 20 odd months is fair time to at least see a return of value if not a small profit yet it continues to confound. Hey ho. All the best
In all due respect Tom E, I dont have 16k lying around for another "top up" and I cant stand that saying anyhow. I used to call it putting good money after bad and have suffered many times over many years doing exactly that hence my worry and frustration at being in these shares "cheap" for nearly 2 years now. Yet they are now cheaper. Go figure.
We appear to have someone constantly dumping a million at a time. Rather irritating and I wish they would clear quickly. Expecting a 1.6% drop again today with a possible head down towards 1.5 with no news. We are stuck in a day trading range these days. IMHO
My only buy into this is still well above this price and I won't even break even at 2p but I stuck these under the bed through the Newmont thing as I for some unknown reason felt that these would come back. Unfortunately I couldn't bring myself to average down as I have lost loads over the years by doing that. Anyhow. Things look very good now and I truly believe that with decent grades coming soon a JV is a real option. Good luck.
Why on earth are idiots IMHO still banging on about Newmont.? It was a different area FFS and it was a year ago. They must be women dos my wife's like that....doesn't let me forget something irrelevant during an argument....keeps bringing up old sound bites from totally different subjects.
And if it was such a landmark of disappointment why would you keep posting on a board of a company you state you no longer have an interest in.? Like going into a pub you don't like and ordering beer you can't stand the taste of whilst irritating the other customers. Weirdos.
I'm certainly not ramping. I don't fully understand the mining grades so am trying to make sense of them. Tiburn, you seem to have good knowledge here so your summary of the grade comparison would be very much appreciated.
I am still keeping my 70p target here in the long term. That's just MHO and no advice intended.
Highlights of HAD005 Drill Results:
-- Total combined intercept of 275m at 4.77g/t gold and 0.61% copper returned from:
-- An upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m to 577m, including:
o 11.5m at 6.23g/t gold and 2.49% copper from 462.5m; and
o 7.5m at 32.83g/t gold and 1.20% copper from 482m.
-- A lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m to 817m, including:
o 113m at 8.30g/t gold and 0.61% copper from 663m;
o 5.5m at 16.62g/t gold and 0.91% copper from 663m; and
o 38m at 20.17g/t gold and 0.82% copper from 700m.
-- Upper and lower zones separated by an unmineralised mafic intrusion from 577m to 660m.
-- Results significantly extend the known high grade mineralisation established in the first drilling campaign and establish new peak grades for the mineralised system, including peak gold of 211.30g/t (previously 137.69g/t) and peak copper of 8.45% (previously 4.11%).
-- Multiple notable high-grade intervals in both upper and lower zones including:
o 0.5m at 64.1g/t gold and 5.38% copper from 464.5m, and
o 0.5m at 202.76g/t gold and 0.83% copper from 486.5m, and
o 0.5m at 211.3g/t gold and 3.56% copper from 487.5m, and
o 1m at 97.65g/t gold and 8.45% copper from 702m, and
o 4m at 103.82g/t gold and 0.86% copper from 713m.
SOLG dill results in KEY POINTS
· Remaining 157 samples from Fauro sampling return up to 97.6g/t gold and
90.1g/t silver. 64% over 0.1g/t gold, 41% over 0.5g/t gold 32% over 1g/t gold
and 11% over 10g/t gold.
· Indications of a significant high grade gold and silver mineralisation
similar in style to Lihir Island in PNG.
· Additional high tonnage porphyry style targets for copper gold and
molybdenum.
· Kiovakase prospect yields up to 169g/t gold and 0.16% copper (previously
announced).
· Kiovakase now defined over a 700m by 1,500m zone, including recent
extensions.
· Hornbill prospect yields up to 139g/t gold and 0.35% copper (previously
announced).
· Recent trench results at Hornbill; BK1; 7m at 17.1 g/t Au (incl. 2m @ 53.6
g/t Au and 1m @ 97.6 g/t Au) and GHT1; 6m at 7.4 g/t Au (incl. 1m @ 20.4 g/t
Au).
· Meriguna prospect yields up to 173g/t gold.
· Hornbill and Meriguna defined over a 700m by 1,500m zone.
· Ballyorlo prospect yields up to 0.43% molybdenum and 0.2% copper
(previously announced).
· Third exploration program due to commence next week to follow-up northern
prospects, Piru and Masa Masa Islands.
· Planning and track access advanced for drilling at Fauro planned for late
2010.
Could someone confirm but I read GGP results as higher grade. The veins may not be as big though. Peak gold is higher and the copper % is substantially higher. In my blinkered and rose tinted view this is correctly classed as. "World class" discovery.
What am I missing .?
Considering OMI sold the family jewels and retained only 25% of their asset which propelled them to 12p, consider what GH and Clive could get from Havieron alone. We could seriously propel well into double figures very quickly. My target remains 70p. And that may sound far fetched right now but not considering the asset, the fag packet calculations and the other 2 main assets yet to be priced in. GLA.