Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Just to clarify, I wasn't pinning all hopes of using a mysterious underground link for Carli <> Zagra, just that it's out there somewhere as a 'possibility', but yes Z is years away regardless... however to suggest spending the $10m on BP (when it already has most of what it needs) may even be ruled out in the T&Cs of Mercuria - BP doesn't need $10m spending on it.
Since Carli extension more than doubles the size of the combined Carli+MPP mines there is an automatic win there but without additional haulage it needs the local plant to make it all profitable, but more than this it unlocks the next line of Rom gov mine acquisitions (likely Remin assets in the area) that would exploit the localised plant; it needs to happen IMO.
Hullo, been too busy to post this past week. I also picked up on the underground drive details in the RNS and someone did say to me that Zagra would need it's own plant due to the size.
However, something to consider is Carli's plant is likely to be commissioned long before Zagra's, therefore could be key to helping provide a "startup boost" to Zagra before it's own plant becomes operational, even despite the 100km trip (whereby the underground drive may assist in harsh winters).
Just a thought.
https://businesstimes.co.zw/republican-stalwart-wants-us-sanctions-on-zim-lifted/
I don't think it's something to get hung up on, although I can see why some are worried, I'm not invested for the company's past quarter performance, I'm invested for it's future performance, which IMO is looking like a fantastic buy right now.
The company profile has substantially changed over the past year, you can appreciate the level of extra work involved right now... Merc T2 legal tennis and APs visit to Zimbabwe happening at a time when folk are expecting the "standard/regular" quarterly reports is unfortunate yes, tho it was a necessary opportunity IMO to forge strong alliances with local government - this is critical - so I for one am not going to begrudge a delay on Q3, I'm not expecting anything amazing or upsetting in there TBH.
Yes, it seems we're all a bit snappy at the moment, not been helped by the Vast "community" that became somewhat fragmented, with people seeing their areses on the Telegram group and whatnot.
On the face of it, there is nothing fundamentally wrong with this company, other than a communications blackout. As I've said in the Tele group, AP has a lot of spinning plates to deal with and some of them are loaded with mince pies, ready for us to tuck into before Christmas. =]
Sit tight folks, deals are being closed, I can feel it in the air.
I don't track the volumes in much detail, but I haven't seen enough "sell" to justify why the SP has dropped so far, there has been nothing detrimental about Vast other than T2 and Q3 yet to be put to bed.. that people are selling because they think lack of Q3 is an issue doesn't fly with me, nor the wait for T2.. why sell when funding is about to be provided?
I can't fathom it.
It's easy to paint Zim as an obsession because it's perhaps one of the most lucrative low cost plays we have available to us. But I don't disagree about the Rom assets. Zag would be huge but yes let's get BP on the move. News due soon on this.
Last time I posted this it was only BOD and a few others, but seems AP will be there in London on 26th. Interesting. :)
https://www.eventbrite.com/e/zimbabwe-mining-investment-conference-london-2018-tickets-51956794170
I'll rephrase then... I personally took it out of of context.
Some clarity around the process would have been good to set the expectations, but again, it was spelt out in the RNS that due dill will be performed by Mercuria = time sapping lawyers.
There's little point raising this here, we all know it's with the legal bods to sort.
The word immediately was used but perhaps taken out of context, the reality is, they "immediately engaged Mercuria to start work on releasing tranche 2" (my words not theirs)... I myself forgot that Mercuria need to run due dill on the BP project plan and therefore a chance for lawyers to get their extra dollars for legal pingpong games.
It's in the RNS from March I think.