Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
As we all know, It's easy to be clever in retrospect.
So here I go.
Maybe getting the Chinese to invest wasn't the best idea ever. They have deep pockets but are not going to be taken for mugs.
Maybe buying half the mining rights in Ecuador wasn't such a good idea.
Maybe putting a BHP stooge in the driving seat was a little hasty.
Maybe putting a Newcrest employee in the driving seat was a little hasty.
Maybe handing control of the company to our minor joint venture partner is a bit hasty.
Maybe making major decisions like starting/resuming drilling in Australia is a little hasty before forming or publishing a strategy.
Maybe, just maybe, allowing BHP and NCM to depose NM as CEO (loads of initials) was a little dumb especially as the majority wanted him to remain and we know how important even the smallest majority is in the UK (?)
SOLG have/had a fantastic prospect in Cascabel and the rug is rapidly being pulled from under the shareholders feet in plain view much the same as happened with Brexit. ( I did predict the brexit fiasco)
Even though there has been a pandemic there is no reasonable excuse the the sp being where it is. NMwill point you in the direction of the Lassonde curve ( https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/ )
Lets hope to a non existent god he's correct!
Slug, when you talk of thrills of driving large engined cars, have you actually tried electric or hybrid super cars that don't pollute as much?
Hybrid and electric cars are quicker. Surely that's where the thrill lies