The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
And u all told me I was an idiot when I said 1p people will selling like **** to cut loses soon
Think they done a good job with coal sale if it go though well done paf 1 of them every year or so will do
Is going down as we speak
Let her go down my aim is to top up near 1p mark before u all start this is aim with no news this will just edge down week after week
Is the rand gonna cause us big problems
I agree looking at least a year time they plan trial complete a trial make it work go back and wait for fda this will take time and money I am a long term holder and have been for years and I am waiting for a good top up point
Been here years
I see this below 1p as time ticks on
Could have been better
I hate being right
Well least there telling them there not gonna pay them if mine not finished in time they do do things right imo
Pan African plans 2 000 job cuts, says union Paul Burkhardt, Bloomberg News | Bloomberg 18:36 23/02/2017 Johannesburg - Pan African Resources is considering job cuts at its Evander gold mine that would affect about 80% of employees at the operation, after warning a refurbishment programme could take longer than planned and be difficult to implement successfully, according to its biggest labour union. Pan African notified workers on Tuesday that it could terminate as many as 2 000 jobs, Livhuwani Mammburu, a spokesperson for the union, said by phone. The mine, which employs 2 435 workers, needs significant improvements to prevent it being mothballed, according to a notice to employees provided to Bloomberg by the NUM. Pan African chief executive officer Cobus Loots wasn’t available to respond to a request for comment. Pan African on Monday dropped the most in almost four years after saying it would halt Evander’s underground mining operations for as long as 55 days for refurbishment. The work is needed to ensure safe operations after an employee was killed in an accident on February 15, the company said. Evander issued the official notice under South Africa labour law, initiating 60 days for talks on potential cuts. The incident this month has put the mine’s “future viability in serious doubt” and means that substantial further capital spending is required, the company said in the notice. Care and maintenance “Unless the mine’s operating costs are materially reduced and the sustainability of its infrastructure is substantially enhanced through the envisaged refurbishment, the mine will need to be placed on indefinite care and maintenance,” it said. The company plans to spend R40m ($3m) on the shaft refurbishment and another R60m thereafter, it said in the notice. “We envisage the rehabilitation will take a minimum of two months to complete but may be extended in the face of further engineering challenges.” The company’s focus in the second half of its financial year will include improving safety and compliance across all operations and resuming underground mining at Evander, Pan African said in a presentation Wednesday. Evander experienced a material increase in government-mandated safety stoppage in the past 12 months, it said. South Africa’s mining sector has been shrinking in recent years, with almost 60 000 jobs lost between January 2012 and December 2015, according to a presentation last year by the Chamber of Mines, a lobby group for the industry. Sibanye Gold chief executive officer Neal Froneman warned earlier this month that 200 000 jobs could be eliminated by 2025 if new technologies aren’t used to extend the life of mines.
This is my best aim share been here for years love the divi not doing bad for a company who just killed someone
I had more luck on horses then aim
We wish
Going from experience we usually get fuc ked
I'm with ya I'm feeling the pain too
Next week we can all get our money's back
We knew it was coming
Did you have to ring them and tell them don't ask