Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Sorry to hear that rover, sorry for anyone really who's seen this through to the end.
I have only 2 pieces of learning / advice to people
1) don't beat yourself up over it. Many smart people get caught out.
2) don't try to make anything back by increasing risk exposure elsewhere.
Wouldn't touch with a barge pole. My takeaway from that is either the board are trying to be very honest and giving AIM investors one last chance to salvage some money for a bag of chips or they're evil and going to play you like a fiddle.
For once I actually think it's the former.
Do you have any details about this deal, or even some hint? Or is it just a speculative phrase ?
if the big takeaway here isn't that aim is steaming pile of ****e i don't know what it's going to take for some people.
hzm was merely the shiniest turd out there at the time we were investing, where are the junior mining success stories?
Survival will be impressive never mind glory.
I'm getting Blazing Saddles vibes from that post Neil.
When were the last realistic cost per tonne figures released? How much was it?
Anybody remember this classic?
"What a night! The bankers were treated like kings/ Queens (him /her) and HZM knew how to charm. As a banker you appreciate fine wines, champers and of course, pie, mash and liquor!
Well, HZM have done it to perfection.
Game on and PIs can sit back and enjoy the ride as the rocket is set to launch and fly high!"
Strong Buy @ 10.75
What happened Billy?
In reading evikings message again slowly. That matches what I thought. Unless you own shares bought on the ASX you won't be paying WHT.
Or at least that's my understanding of it
Does this not depend on the listing for the BHP shares?
If you're a UK resident but have bought the London listed shares is there still a WHT? That seems like a bit of a rip.
I'm not just doom and gloom.
Obviously the main thing for HZM is to survive the next three months, but you can't ignore it close your eyes to the wider industry.
Anyway to the glass half full crowd
Apologies if already posted
https://www.reuters.com/article/idUSL8N3BW4WU/#:~:text=Indonesia's%20high%2Dgrade%201.7%25%20nickel,for%20the%20electric%20vehicles%20batteries.
Even the telegraph is piling it on. I didn't go looking for this but it's from today's live feed
"FTSE mining stocks have plunged to their lowest level in more than two years amid a flood of cheap Indonesian nickel onto global markets.
Many of the world’s largest nickel mines have been left unprofitable amid plummeting prices for the metal, which is vital for the development of green technologies.
Western governments are scrambling to secure supplies of nickel as they seek to hit net zero goals but coal-fired nickel mining in Indonesia, backed by China, is pricing out more climate-friendly producers."
Before the hyper sensitive get upset, sentiment really is hitting bottom, and I still have horses in the nickel race via BHP and Ecor. I'd much rather it was higher.
I'm assuming they're on the outside looking in?
absolutely no point people blaming contrarian or the publican.
if you want to blame anyone blame the ex board for seriously misleading investors .
i understand people are more than ****ed off but wrong targets, you can't have boards that are just full of bulls and rampers.
if you see something you disagree with argue against it, play the ball not the man.
The argument I told myself although I don't think I ever argued the point out loud was that he and the rest of the board didn't want all their eggs in one basket.
I do seem to remember one director buying a tiny amount but in retrospect it was chump change .
2 lessons learned.
- director buying *is* important
- the easiest person to fool is yourself. If anybody has ever read the work of Jonathan Haidt, something we all do is make decisions with our gut and then rationalise it.
I posted something similar earlier but either my post never made it (I'm out in the sticks today) or given what I said it was removed. A mild translation would be I hoped his next poop was hedgehog shaped.
The character of Billy was a fake, posted by a conman, a simple trawl through his posts will reveal as much. It was so blatant it was almost humourous.
The only thing I've read is you said that if built from scratch. Which is different as it comes across as implying that the works done had great value which is slightly different.
Emotions are probably high so I'm not going to pile it on but I don't think many people predicted the shortfall was this much.
So I think that was a bit unfair on Rover. I'll leave you in peace now.
Give it a rest Larry.
No they haven't although some warned (not me) it would be higher.
There will be no evidence of you saying it was a 1 billion build.
When chat GPT met HZM for BNN on LSD.
That should have said neutral and uninvested. I e I have no dog in this fight atm, but am interested in the wider electrification story