Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Haha, if you predict a placing often enough, you might be right eventually 😂
Project proceeding - “Placing!” - nope.
Lead bank signed off - “Placing!” - nope.
New resource discovery - “Placing!” - drum roll 🥁
One day you might be right - we have no other income so we need to borrow beg dig or place as we build a lucrative asset base to exploit… 😉
I don’t believe it will be announced until it’s firm - otherwise you’re announcing a deal that hasn’t been done yet.
Also not sure that shareholders are supposed to be involved in business activities?
As a s/h here, patience should be a forte…
TMS
He’s more of a Genius than you might be aware…
Local partners isn’t about avoiding a placing. It’s partly about having a more influential base in the country and supporting Ethiopia.
But mainly about repatriation of KEFI’s own profits, to mean they can operate in the country.
This is why the minister for mines name checked KEFI as helping them develop a mining friendly jurisdiction.
Good will goes a long way.
Which will turn a tidy profit, and value the company much, much higher.
Amusing reading all the catastrophising, (disingenuous or otherwise) - as if it changes anything.
I don't know any more than the average punter - except I see what's happening, what the facts are, and draw my own conclusions...
Get them while they're cheap ;)
Not entirely sure that's how a mining company is valued...
But roughly speaking:
= MC now
================ MC nearer production
Will be great to see the final pieces of finance fall in place and begin working out how much longer that line will get with additional proven resources.
“I expect ARTAR to buy KEFI out for peanuts in the next 18 months - why wouldn’t they?”
Because we would take our proverbial football home with us and they would be left without a technical partner, which would be a huge and costly set back, I expect.
Sounds like someone is sidelined and hopes it doesn’t take off (like it’s going to…)
Thanks Rob - think he puts it well. It’s a WIP. This is exactly why I’m not obsessing over the final details of the deal…
We know there’s a bit of funding left over once the banks are sorted outside of EG.
Option 1: Buy well below NAV, wait, no major unforeseen events, do very well…
Option 2: Wait until all the details are known all nailed down and finance derisked, risk (probably) paying more than current sp (or get a steal!)
Option 3: Don’t invest, not for me.
I’ve taken option 1. Happy with that assuming I see a good return.
Majority partner in gold mine? Yeah I’ll take that… %? 🤷🏻♂️
It’s a fair point.
We all have the same information here though..
“Shocking”, “Incompetent”, “disastrous”, sounds like you maybe shouldn’t buy back in if you’re sitting that side of the fence…
Have a good weekend.
Staying realistic, yes there’s a real situation in which we lose 100% of our stake in Saudi.
That outcome isn’t expected, but let’s not have rose tinted glasses.
But also don’t pontificate over potential outcomes without knowing enough to do so.
I’d keep my cards close to my chest on ongoing negotiations too…
Your answer misses the point, but I suspect deliberately so…
We’re in no position to demand anything. But 25% of a large pot is very much worth having, and keeping our partner happy will be a good path forward.
It’s gone - yes would love to have kept it - would love to still be at 40% but hey let’s be realistic…
Wow that was a lot of daft comments.
We’re waiting on confirmation of credit from the second and final bank within weeks.
We’re waiting on news from Saudi about another development milestone.
Funding sounds like it’s all coming from in country for Saudi and is covered by a modest interim facility for Ethiopia pre funding so PLC dilution looking unlikely.
The projects are hugely profitable (value of 15-30x today’s prices) and finally ready to progress after many years of delays.
Followed by more potential projects after this in both jurisdictions which will solidify status as a mid tier miner.
But
“The finance isn’t done… “
“There are costs being racked up”
“SP is not spiking up now”
“Why isn’t it done, I don’t get it”
Circular conversation… thank goodness for Rob’s (and a handful of other’s) interjections for some more interesting content…
Good grief there’s still risk - that’s the whole point of investing at a stage where the MC is low…
The first raise was done at £0.51 pre consolidation.
I think it’ll be hard to reach that again now - but there’s also been many opportunities to average down since then.
Including now.
I’ll not bang on any more - time will tell.
Last purchase was @ 0.53 and expect to make money here.
Good luck to all…
I saw this and thought it was a shame - Ma’aden were bigged up as the Saudi partner for mining at the recent Future Mining conference.
HAA made an excellent point yesterday - that we’ve been in country for 15 years and been able to cherry pick exploration targets.
Smart.
Just like keeping the lights on all those years to get to this point…