Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Just posted which is interesting:
There is definitely a large mineralised structure running parallel to Kili Hill. All the geological consultants who have come to site as part of the finance DD are very encouraged by this. We know it already hosts Vim Rutha and Teng Teng. The hope is with exploration it proves up to be as good as they think.
https://twitter.com/CaracalGoldplc/status/1655664344451915777?s=20
Great work here by one of the GCaT supporters, looks like great progress.
https://twitter.com/Upside20201/status/1655139909957550080?t=BJM_9LYzLi4vehPkui6YpQ&s=35
Pivot minim consultants onsite mapping new plan https://twitter.com/CaracalGoldplc/status/1655137549050957826?s=20
No worries, easy to miss and I asked the exact question if the two smelts a week were a one off due to visitors or continuous , they replied saying smelts happen every week now on Monday/Tuesday.
We will see and hopefully be surprised when we get Q1/Q2 results. I'm only expecting good things from March onwards, Jan/Feb will be poor as we know the challenges they had due to OCIM pulling the plug. They seemed to start motoring in March
That's fair enough and fingers crossed everyone makes some good money, I agree on the prospectus but if we start questioning the JORC resources there really is little left to make it investible.
Vim Rutha is early days as is the hill and we need more independent samples but there needs to be some level of trust, admittedly some needs to be earned which hopefully will be done once the new chairman finishes his report and finance is approved, this should unlock all the other areas.
I'm still wondering if they can pay off some of these CLNs with the money from the high grade and the finance , this was I believe what they were attempting to do
I do wonder also if there is no trust and no interest in investing why waste your time commenting.
Guess time will tell what happens but they had two lots of due diligence plus the OCIM due diligence, this would have been picked up by these onsite visits.
MRE for VR and Tanzania later this year
In parallel to the DD programme, which took place on the Vim Rutha prospect, 21 RC holes and 2 trenches were completed along the same mineralised corridor.
o Initial geological observations are encouraging and 1,578 samples have been sent to SGS's laboratory in Tanzania (Mwanza) for gold analysis.
Forgot how good the initial results were for Vim Rutha, just re-reviewed
Assay results confirm the Vim Rutha prospect corridor is intensely gold-bearing, with mineralised intercepts returned from historical diamond drilling as well as the vertical and lateral extension of one or more parallel mineralised structures, over several kilometres of distance just south of Kilimapesa Hill.
24k/Oz appears to be from Kili via the expansion plan as they've always said, 50k/Oz will be from Tanzania open pit when operating . I believe the high grade zone is 1 of 6 zones they need to explore further
Vim Rutha could make this even higher if drill results are as good as initial drill results plus it's open pit and will be on door step of Kili
Maybe a largeish holder selling their shares and moving onto another share to ramp, we have our suspicions but their money and choice.
At the end of the day , the company looks to be in a more positive position then it has been and has appointed a new chairman, I see a lot of positives IMO .
Still their money, their choice
Definitely good to look at all angles again and yes a lot of us including yourself were burnt hard on the drop so understand the hesitation.
They seem very confident on financing and they are investing in a lot of new equipment, fingers crossed it's not another false dawn and we go onwards and upwards, great news is we should know in the couple of months