Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
DG1, A couple of months seems a reasonable schedule to see where this goes. Everyone has different pain and pleasure points so no qualms about anyone who wants to get off the ride. I'd use a rollercoaster analogy but but many flat rollercoasters in the works is there? 🙂
Personally thinking very positive about this, and happy I got to buy more at this level as I don't think this depression will last, everyone here knows this tanker is turning around now.
Could even be generating extra cash before BP if they start processing the Faneata tailings ASAP (I can't see why not).
Chitando has overhauled the board of MMCZ, an arm of the Ministry of Mines that deals with marketing the country's resources..
https://www.herald.co.zw/just-in-chitando-appoints-new-mmcz-board/
I'm thinking AP will be positing a proof of concept approach, similar to Rom, whereby trust is re-established and proven with the local ministers, that diamond mining can be done to the benefit of the community and transparently.
Transparency is key here. I've no idea how they managed to pull off the Red Mercury deal TBH as to think 6 months ago I would never have believed we'd had an "in" in Marange, so huge credit to Vast and Mark M I think.
Interesting times here indeed.
The price is the price, we know the value here is worth multiples more than it is now, people with deep pockets will be along shortly to snaffle it all up.
Now then, what other juicy dealings could AP possibly need to be in Zimbabwe for, for 2 weeks? ;)
Wouldn't be surprised if he met up with James Campbell (BOD).
Yep. Suck it up people, it's a minor drift that could be designed to spook the weak and nervous.
As ORT points out, BP puts the company onto the path cash profit, even without the extras:
- Faneata tailings processing
- the upper galleries
- prospecting the other pipes
- prospecting the lower levels of the existing mine
..not to forget that the whole point of BP is to prove Vast's accumen in Romania, to Romania, to unlock the more lucrative developments... Zagra, Remin, Blueberry etc..
And we're not even talking about diamonds at this point.
Emotion needs to take a backseat here, at some point someone is going to jack this price up and people will not be able to buy at this level again.
I have no idea how the MMs set the price, I used to think it's based on supply/demand, but they drop it massively on no volume, yet raise it by a fraction (or not at all) on massive volume... I'll never understand it.
At what point does someone in the club decide, hey, this company Vast, should be worth 1.5p based on it's NAV?