Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
@Martinigirl
Thanks for the context. That makes more sense now.
As previously mentioned, I was banned from the Telegram group...they said I was too negative (apparently they don't like healthy debate..)
This is a longterm position for me....keeping an eye on the recent negative happenings but this time last year when everyone was ramping it saying it wouldn't go lower than 1p...I fully expected it to fall to these levels before it become successful. You have to consider things in real terms, mining is a tricky business...there was always going to be bumps along the road. Hence Im not that concerned...its high risk investment for the long term.
Just a waiting game now!
@Martinigirl
You're never going to get it. Most of us have been in this stock for several years and see this as a 10year position. Like Sir Stonks, if the SP hits the teens I'll also be topping up.
I still dont get why you post on this board..you don't even hold a position.
Everyone keeps focusing on Zulu, but Prem has other interests aswell. I understand Zulu is the biggest and therefore integral to the future success but please remember it's not the whole business.
We need to be realistic, this phase of Zulu was always going to be the most difficult. Success is never straightforward. This is just an annoying blip, but I reckon they will get through it. I'm am concerned about recent events but I think longterm this will be fine. Just sit tight and be patient.
The problem with retail investors (of which I am one) is that everyone wants to make a quick buck. Profits are expected immediately and they money isnt made in a few months the investment is deemed a failure and panic stations all round. Time is an investors best friend...
@canarydwarf
Re your comment about miners only being able to mine half of what they can now...that is what is going to make it more valuable. You need to think about it like diamonds...the scarcer they are the better. As more people realise the benefits and the true worth of bitcoin...demand will increase.
Martinigirl
Haha! Your last post made me laugh out loud...now everyone on the train thinks I'm bonkers...
If George has lied to us and made up the Feb deadline fthen we're f**ked. No investor in their right mind would ever believe a word he says (his position would be untenable) and nobody would invest a penny in the stock.
On paper I'm still bullish on this but I'd be lying if I said I wasn't concerned....where the hell is the money going (its shocking.)
SP of miners will rise between April halving and end of 2024 (inline with BTC) but then it will fall. Also, likely big sell off when it shoots up. I dont think it will be as high as people think because of past halving events. Money to be made for investors who buy and sell at right times though.
Stupidly or wisely (depending on which side of the fence you sit on) I've had a little top up today...the price was too tempting.
That's me done now unless price drops below .2. I've bought the maximum about of shares I intended to in this stock.
Just a waiting game now...gla
@Martinigirl
How on earth do you know whether Prem have produced SC6?! No one knows except for them...stop scaremongering.
There was a big sell off of 40million shares this morning, it could just be a big investor liquidating part of their position to free up cash to take advantage of further fall in SP...it might even be someones stop loss going off.
It doesnt matter who's selling, sp's go up and down, it's the nature of the beast. You're very reactive...its actually quite funny!
Hi Martini Girl,
How is our little ray of sunshine today?!
To be fair there are elements of your comment that I agree with (particularly with Regards to the Friday announcement) it is concerning that we've heard nothing about the equipment issues and the grade of shipment etc. Especially when you have people like DeadEyeBeaky claiming its SC6 and that this week is going to be news packed week (ref. a particular you Tube Channel alot of us follow).
However, that being said, if I put myself in GRs shoes then why would he release any news before next Monday...sure it would make sense for him to give it atleast a week to make sure the plant atleast is producing grade 6 at a continued rate for this (presuming that the maintenance fixes were done over the weekend). He'd look incredibly stupid if he came out with a positive RNS and it the Mill/equipment broke down again.
None of us can predict the future nor say with any certainty how things will pan out in the short term but for me this has always been a long term investment (10years). I've dipped in and over the last 2 years and have made a tidy sum already on this stock...that's why my outlook is positive. If you wish to see the glass half empty all the time...that's your prerogative.
For context, I'm university educated and am well versed in reading RNS, company reports etc etc. I've always acknowledged this is a high risk investment but in my opinion totally worth it. I dont invest more than I can afford to lose so I'm just dandy thanks.
He's released the RNS on a Friday because it buys them 2 days to work on the problem and it limits the impact on the drop in share price. (Investors have 2 days to digest the potentially bad news).
Gut instinct tells me another RNS will be released on Monday and it will be a lot more positive.
I bought more shares today.
As always, I'm willing to stomach the risk with this one...
They could very well take a 34.99% stake but I think they'd want the company (all companies) to succeed. It's better for the countries economy. And potentially they're going to have 34.99% of all foreign companies..its easy money for nothing over the longterm
@martinigirl
Your little story did actually make me laugh out loud😂
Kudos on the writing technique...however, maybe the radio silence is due to Prem wanting to see how the first week goes with the Mill operations? They'd look a bit stupid if they released loads of media on the Mill if it broke down after 1-2 days! They also may wish to check the consistency of daily production levels before reporting to the open market. #justsaying