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Hi 119969C, yes I was including the HRZ to make it eight but thanks for making it crystal clear. I’ll certainly be interested in 8 pieces of news from the drill.
GLA,
SA
Karaleva, eight targets but just the one well. That's what makes it such a great opportunity.
GL
SA
14:56 Brombarb, thanks for your best wishes. Sight was a little blurry this morning, then I realised it was temporary and self inflicted! Seriously though, each day is getting easier thanks. All the best.
SA
:)
First post for a while as I've been recovering from a detatched retina...
But I thought I'd celebrate the SP moving through my breakeven price to post again. I'm sure there are many LTHs in this fortunate club already and I hope that the New Year sees many more members joining.
Onwards and upwards.
GLA
SA
If you look carefully at 88e’s latest version of this chart (slide 10 in tonight’s pack) you can just make out this: “10760’ MD“ overlaid in the Gamma Ray column. Could be where they expect things to get interesting (or at least change) and might have been left on there from a version of the chart used for internal planning purposes. Worth a question tonight?
GLA
SA
csw12 23:48
As a fellow member of the quiet LTH brigade, I agree that there will be more to speak about once drilling gets underway in February. However, I’m hopeful that there will be plenty to exchange views on after eye-witness accounts (and then hopefully video) of Dave’s presentation start being digested. I’m disappointed that I’m not able to attend the presentation this year and I’m sure some will say that there will be no truly new news. But much can be inferred from the intonation in the delivery and there will be the inevitable side conversations over a beer. And I look forward to hearing about them.
My personal view is that, when drilling comes, we could be in for a good news “sandwich” as the conventional prospects at the top and bottom of the schedule seem (to me) to read as the ones with the highest COS. Therefore, perversely, the icing on the cake is in the middle! Time will tell. Either way, unless every drilling update is as positive as we’d like it to be, were in for some SP volatility IMO during the drilling season. Brace, brace!
Shame I can’t make it tomorrow but I look forward to hearing the feedback.
GLA
SA
Thanks boom.boom 9:32 and good luck with your investment. Yes, useful to see another perspective on the same data. Premier clearly think highly of the chances to have up to $23m of skin in the game and to publish project milestones well beyond 2020. It will be interesting when the drill is turning whether we see 8 (or more) updates and whether the news flow is controlled by PMO or 88e...
SA
Thanks Brom 9:31
I’ve seen a couple if olderwiser’s postings before, probably thanks to you for previously providing links. However, in one of the postings new to me, the following link provides a graphical representation of the point I was trying to make, if you interpret Charlie1 “targets” as a proxy for “wells” on the y axis of this chart:
https://www.researchgate.net/publication/314274552_Exploration_Chance_of_Success_Predictions_-_Statistical_Concepts_and_Realities
All the best,
SA
D45 (especially) and others,
I was offline most of yesterday so didn’t have the opportunity to join in the conversation about the risk level on Charlie1 but thanks to D45 for your input. I’m all for balance on both sides of any debate, especially when it comes from qualified voices.
My challenge regarding the risk level hinged more around the number of targets (8) rather than the geology of any of them. I am not a geologist but read the quantity of targets as the big positive; in layman’s terms akin to needing to call a coin toss right (50/50 a la Winx) but getting 8 goes at it. Even if you view the CoS (much) lower try rolling a six on a die (representing 16% CoS) again having 8 goes. (No AIM casino comebacks please!)
Finally, to those with any geological experience, what is you reading of the limited data on Lower Stellar Prospect? Slide 10 in the latest Investor Presentation pack refers. My research suggests that the Resistivity reading looks very positive; do others agree with this view and, if so, is the absence of other data readings a equal and opposite negative?
GLA
SA
D45, why not share with us your considered opinion on which of the 8 targets for Charlie1 you feel carry undue risk?
GLA and welcome boom.boom
SA
Miloh, you could always de-risk by backing Warren to win the 2020 election at 4/1 or better.
SA
I’ve just looked back at my notes posted whilst travelling back from Dave's presentation at The Forge last year. Here’s the relevant extract:
“BP are becoming less focused on Alaska. ConocoPhillips are becoming more focused, as are other major players who might want to cover CPs moves in the region.”
It’s my interpretation (no attempt to capture Dave’s words verbatim) and, in other more recent FO updates, CP was the first company mentioned by DW, even if positioned as an example.
On balance, I don’t think anything I’ve read since dislodges CP from pole position in my mind.
Not long to go now and we can spend hours pouring over the detail of the agreement with our FO partner rather than speculating on their name.
GLA
SA
With apologies for going off topic, especially for those with zero interest in horse racing, but Come On Dave runs again today in the 6:00 at Lingfield. I know one or two successfully backed it last time out (DYOR still applies). One hour later a horse called Come On Tier runs ... if only it were Come On Tier One!
GLA, patience ...
SA
You’re welcome Yoghurt ... however, I would respectfully suggest that you do a little more research than backing on the basis of a BB mention ;)
That probably applies to With Approval more than for Come On Dave in fairness.
SA
Sprintman, I bet (nearly) every day and the horses are generating a better profit than the investing at the moment! But I’m hopeful that 88e alone will allow my portfolio profit to overtake my gambling profit this year. For the record, I have not backed the two horses mentioned.
GLA
SA
FWIW, my own view on the timing of the next announcement is next Wednesday or Thursday, based on the timing of the last two announcements. However (going off topic), I couldn’t help noticing these two runners at Lingfield today: Come On Dave (3:10) and With Approval (4:40). ??
GLA
SA
Could it just be that 88e/DW determined their own list of Tier 1 (and 2 and 3, in case) companies/bidders? I’m sure we can guess at many of the criteria used to determine which Tier applies but, if I’m right, at least we can be sure that they’re on DW’s preferred list.
Food for thought. Either way, I’m still in the CP camp.
SA
dougiek 8:52
Thanks for confirming my sanity. But 87e eh! Fat fingers are not welcome in this game...
I must get back in the habit of proof reading before posting.
GLA
SA
Issue fixed in the time it took me to post the message. Note to self - must remember to take a screenshot in cases like this; if only to convince me I’m not seeing things.
SA