Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I have been successfully trading this for a little while. Have to say that i also missed that bounce. With stage 4 lockdown being delayed and with the results showing heavy losses i presumed the SP would fall dramatically and i would get back in. Agreed it must already have been priced in. Baz.
No real change/update re APT prices for now. Imo the this is really a backdrop loan facility that can be drawn down in 500k lots if and when needed. At the AGM we were shown pictures of bags of product ready for sale and they were reaching better grades by the day. Should be sales announced very shortly from what was said and yes it was mentioned about getting above spot price.
European APT rising also $225-245 mtu. Looking forward to confirmation of first sales very soon as per the AGM. It will be great news after all these years.
Thanks Tro. Apt continues to increase in China . Up to $239.7 mtu . Europe starting now to increase 205-215. Q4 starts tomorrow where we will see first shipments and sales over next few weeks. Nice to be finally up and running especially when prices are increasing.
I see from chinatungsten.com that APT prices rising to 234.5 usdmtu today.
I browse through metalbulletin.com and Asianmetals.com for any updates but mostly look at chinatungsten.com and click on the news section. I find that whatever happens in China then Europe usually follows suit a week or two later. Don’t know if that’s any use. Baz.
Was a very positive AGM and with Chinese APT increasing in value by over 10% in one week it is starting to look a lot better by the day. It was great to see ton bags of tungsten lined up for for sale. We are now a MINE that will ramp up as time goes by. It was mentioned that they are willing to ramp up to 7 days production when needed. Not included in any presentation was that the offtake agreement with Noble has been cancelled (I believe from us) but a different agreement is in place from another company for 50% of production in year one with the rest going to market. Again another welcome bit of info imo as Noble have had problems in the past. Great to see videos of the mine in operation and also great to see pictures of higher grade tungsten being reached. Personally I believe that oaktree might carry out a detailed study on verifying tungsten at deeper levels and in turn this will extend the life of the mine. We all know that their “lifespan”for investment is around 5-7 years and they are invested over 4 years here already. If they can show a longer lifespan for the mine along with high grades and increased APT prices then I believe it will not be too long afterwards before we will see a sale. Orm investors will ,I believe, be also in for a windfall as when this happens their share should be bought also. All imo.
Can’t argue with that devil. There is a delay here ( like nearly all new mines) and everyone would have thought the SP would be higher at this stage but IMO this is mainly down to APT price. APT is down nearly 50% from its highest. Sold 2/3 of my ORM holding at right time and made approx 200% on them. Still hold the rest . I am looking at wres as a more long term play. I have no doubt that it will come good. It is very frustrating for investors who are here for a very long time but I am not one of them and in no rush. Good luck all.
Personally see this RNS as very positive. Investors willing to put a lot of money to get in at 0.50p. This re-assures me after long periods of decline. Do they know more than us . Gold. Let’s get Fanya stocks auctioned off so that APT might start to recover and finally we will get the sp going in the right direction.
Not much to say only that the SP drop is far over exagerated IMO. The PR dept of this company is bad to say the least. What has changed over the last while .(a) They started mining in the wrong place.They now are going after grades that they know are good (b) APT prices have continued to drop. What do i feel will happen by the year end. Higher grades will be reached and i am very optomistic that APT prices will have climbed somewhat. We still have a world class mine with world class equipment. Where do i see the SP in 6 months time. Genuinely around double where we are at now but thats markets for you. ALL IMO.
Agree Slalom . I also have been emailing. They emailed back this week that they expect to "update the market shortly with a meaningful update" .... Now that this world class mine is complete does anyone get the feeling that something else is going on in the background like teeing us up to be sold. I would have thought that it is a bit early for that as they would of had to provide production figures and proven resources/grades etc. I might be totally off the wall stupid ( wouldnt be the first time) but we all know that our real owners are going to offload this at some time and when they do they will want to make a good profit on what they put into it. Still feel its far too early for this but why all the silence. All imho. Baz
Interesting article telemaker.
March drone Fly over on site. Amazing after all this time to see a finished site.
March drone Fly over on site. Amazing after all this time to see a finished site.
March drone Fly over on site. Amazing after all this time to see a finished site.
Dont post here but i am invested. I really feel people need to relax and not panic. There have been no fundamental changes in fact all i can see is continued good news. Continued confirmation that everything is proceeding as planned albeit maybe a month or so behind but that is totally normal. You dont need RNS's and twitter pics every day. APT prices are starting to creep up over the last two weeks and should continue to do so..... You have to ask yourself (a) genuinely where do you see this mine in 6/ 12 months time. (b) what do you think the gold reserves will be announced at (c) what are the possibilities of this going belly up (d) who do you trust..people who have visited the site and who spoke to professionals who have given details expertise on the mine, lenders that have done considerable due diligence, the main shareholder MM who is extremely confident of the progression or do you trust people who are not invested and take every oportunity to find fault in the project. This is just my tuppence worth. I love the posts here but it is difficult to read the contiued negativity when no fundamentals have changed. Personally i cannot see how this SP will not increase greatly over the near to medium term. I just wish i could afford to invest more. Just my opinion.
God you really do come out with some bull. I'm embarrassed for you.
I contacted Ormonde last week and they confirmed that the offtake agreement with Noble is still in place.
There seems to be a bit of unjustified fears/negativity creeping in here over the last week compared to the great optimism shown before the Xmas break. Relax! Remember Spain are only really back to work since Tuesday. This Sp ,IMO, will start to fly over the next few months. A lot will also depend on APT prices. They are down approximately 20% over the last six months but the SP here is up approximately 25% in that timeframe. China have announced that they will continue to carry out environmental inspections on the mining industry over the next 4 years. Their construction costs have increased which will mean they will need Tungsten prices to remain high. There is also expected increase in demand starting in this next quarter. If China turn things around, which there are signs that they are, then both APT prices and the SP here will fly. Production timing will be perfect IMO.
Dont post much but i am invested here for 14 months now and follow it every day here. I have done very well in ORM having invested at the right time but for the life of me i cannot understand how this is not flying at this stage. 2nd shipment being loaded, good offtake agreements, nearing completion at La Parilla, large investment from MM himself, proven large reserves, positive RNS's one after another etc etc . With china slashing tarriffs on US imported cars and also have started buying soybeans from them for the first time since July i can only see the trade war easing. Based on La parilla and Regua alone the SP should be a multiple of where it is now or in the very near future IMO. I am hoping to top up further early in the new year and can only see 2019 as being a very special year for this company. Wont be posting much so Happy Christmas and New Year to all.