Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
3m more sells than buys, big volume this morning.
Yep indeed, they’re very confident from their shallow drill, “further demonstration that the North Rukwa basin hosts an extraordinarily active helium system,” Better than any rampers here can manage lol. Lorna spent time in Australia, didn’t she learn any of this Aussie mining lingo ;-) ?
GLA.
Their lab results mid Dec, about the time of our AGM then. All building up.
my guess it’s to do with the large crane back on site. maybe large unanticipated incoming expense to sort the rig. **** happens, once she’s got her mega rns out early next week, no one will care.
The rubber stamped results she already said will be a couple of months , so too late for her agm, my expectation then having read everything this morning several times and what she seems to want to achieve is that a very positive preliminary larger than anticipated discovery in the next rns, followed by the resolutions including the next stage - phase 3, and raise outlines , followed by big pr push. If she can’t announce a preliminary discovery, all her plans will unfold, it has to be a very positive game changing rns. My opinions anyway.
Hall, yes they said funded, whereas the term used for Tai, and previously the next drill , was always ‘fully funded’ . Maybe it’s me, but He1 have a habit of ambiguous wording. Bigger fish anyway as Skittis says, and my other post, things are brewing.
So earlier this morning someone mentioned the missing resolutions for the announced agm, the post has disappeared. Usually the resolutions to be voted on accompany the notice of AGM, this time it says they will follow soon. I believe that has to be within 14 days of the agm, seems to me they want to get these Tai-3 results out before issuing the resolutions, which I would think must mean the results are likely to be positive. Otherwise I’m not sure they would have moved the agm forward, and withheld the resolutions .
Will be an important AGM in my opinion, Laura’s first as CEO, maybe looking for a big cash injection on the back of her Tai success to push forward the new agenda whick has started to be put in place since Minchin went. Very interesting time coming up, and I think Skirtish will be busy !!
It’s He1, always an elephant in the room, or 2 or 3 😂. Didn’t say fully funded for next drill was one of my observations. There are others, but, let’s be happy for now.
Disappeared, ? Strange.
@madmen, you forgot this nugget, she’s speaking about Helium; “The last twelve months have seen a 39% price increase, a trend set to continue given the current global deficit.”
Merry Christmas & bonza New Year incoming, GLA , specially the LTH.
Troj, wow yes that board is quite a read, and a lesson in how quickly things can turn to dust.
Yep someone loading up, positive news tomorrow, leaky leaky .
Troj, indeed, last thing Friday interview, interesting they felt the need to do it, guess she dragged Mike along. All down to how quickly they can get the support in that they need then, wait and see.
Exactly right legal, people just wanting to cover their ears and close their eyes, Joe actually aluded to a problem when they hadn’t already pulled the string the other day. Want a plumber don’t hire a tiler.
Only my opinion but this has been an issue for a while, it is why they didn’t go to the new target depth, and in her previous RNS when she said the rig was brilliant Lorna was being more than disingenuous, which is a shame as to date her CEO integrity score was doing pretty good. Let’s see, long time waiting for good news here, something always seems to snatch a defeat from the jaws of victory. Maybe they will abandon, try to raise and go prove up a bit more of someone else’s license area…
Yes interesting, showing 2.4M buys and just 230K sells this morning, says a lot.
4.9 to sell, probably a good price
Forrest, yes same here no point in selling at this stage, just annoying, they will be burning cash. Better she had been honest the other day really as she’s loosing credibility now, obv that’s why only another 3 or 4 meters were drilled but she said the drill was operating perfectly and all was happy. If this wasn’t a serious impact I don’t think she would have wanted to report it, seems to me the same problem not going away and now an unavoidable problem. All possibly lining up in a bad way, if nobles results don’t come in great and we’re stuck without results burning cash, could go to less than 4p in the coming days. And they will need to raise, possibly at these low levels. Not a good day.
Forrest, you’re not alone, this would explain the very high recent volumes though I guess
Forrest, yup ! Around the time the RNS was sent in to the office I would think
The Company's Epiroc Predator 220 drilling rig has encountered an issue with the hydraulic system which, as a result, is affecting the performance of the iron rough neck mechanism. Both the hydraulic system and the iron rough neck are critical to the operations of the rig and, as a result of this, the Company has had to temporarily shut down operations whilst the full extent of the issue is determined.
Joe did allude to this the other day I remember. Ah well what’s another few weeks 😉
Based on buy and sell volume and what it was a couple of hours earlier, I would say that’s a sell.