Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
> · Red Setter is located 13 km south-west of Newcrest Mining's Telfer Gold-Copper project with all its associated access and infrastructure
That's a nice bullet point to drop into the RNS.
The Tweet link has an extra ")" at the end, remove that and it loads. It says:
> In the 1980's, it was missed by the mining companies (they were so close) move on to 2021 and @WishboneGoldplc
took one more step and has discovered gold. - Lloyd Phillips
(Who is Lloyd Phillips?)
Hi Bamps21,
Interesting; there's always a lot more and more steps involved than casual shareholders like me want to work through; I don't know how it normally happens for metal explorers, but it wouldn't surprise me if there was drilling to (hopefully) find something, then selling the license at a "premium", one lower than casual shareholders would like, for example.
laserbrain, that would be a development; surely it would be in Newcrest's interest to let Wishbone do the drilling and take the risk of finding nothing, and in Wishbone's interest to try and find something and increase their leverage and get more companies interested?
> Tasty Salmon, what are your thoughts on the SP based on this?
I'm too dumb to be making serious sensible predictions backed by proper calculations; If you just scale GGP's billion pound market cap, Wishbone's fewer shares in issue, Red Setter being proportionally larger, and assume an AMAZING FIND I get share prices into the £30-40 region. That seems ridiculously optimistic, and I'd expect share issue and dilution to wind that down if nothing else. I'm hoping for £1-4 by Christmas and think some good finds have a good chance of that. What's actually reasonable or likely, goodness knows.
> How can $30bn be in reach and yet $3bn is a dream?!
I said "30bn is _a_ reach" meaning that I think it's far away, hard to get to, you have to reach a long way to justify it.
$3Bn is a good dream, if there's gold in Red Setter and it compares to Havieron on size and quality and GGP results, $3Bn market cap could happen from that alone. If there's silver and copper production from White Mountain, Wishbone II, and Cottesloe - there's a lot of ways to get to $3BN in time - not this month, but in a year of drilling and results it's a nice dream that could happen.
> I'd be extremely happy with that! I'm not greedy!!!
I'd be pleased with ten bags from here, but when I said Red Setter targets are 3x the surface area of Havieron, I was wrong, they're more like 6x the surface area. $300m would mean less gold than Havieron, spread more thinly, or lower quality, and nothing from the other projects. That would be a bit of a sad result when the potential is so high.
> Over £3BN MCap?? hahaha keep dreaming
GGP got to ~$1BN market cap with Havieron, and that's 500x300 metres. Red Setter's targets identified by Terra Search are 2400x400 metres, or 3x surface area. Wishbone also have White Mountain and Wishbone II restarting drilling since September, an extension to Wishbone II licensed applied for, the recently acquired Cottesloe silver project.
$30BN is a reach, but $3BN? OK, we'll keep dreaming.
> Wow who is selling all these shares.. The placing was cleared out ages ago.. All the warrants have clearly been sold.. The only person I can think of is Afzal Valli who I believe was averaging around 0.012p so...so anything around 0.014 or around 0.015 he is still making makimg money he had nearly 9%!! Doubt he will declare as fast as he declared it when he took the stake..
He could be, but he has said on Twitter that he's buying these for the long term Helium in Australia, not for short term oil returns. e.g. https://twitter.com/AfzalValli/status/1291012450435899393
> "Results must be surely landing next week". What results ? Didn't we get them yesterday?
We did, from the aerial survey of Red Setter, those were the ones I was expecting imminently.
Stepping back from that, we have a November 30th RNS announcing results from initial work at the White Mountains site, and a comment "We announced in September that we were recommencing exploration at both White Mountains and Wishbone II in Queensland. These are excellent initial results from the Terra Search programme at White Mountains and these are only the first results back from the assay laboratory. I look forward to reporting further significant results over the coming weeks as we prepare for a drilling programme at White Mountains.". That's perhaps overshadowed by Red Setter, but still ongoing waiting for more lab results from those.
(And we have an application for 61 square Km of exploration licenses for "Wishbone 6" which "should be fully granted by the end of the first quarter 2021 and that is when exploration can begin" from the December 1st RNS, and part of the funding from the December 10th placing RNS was to fund exploration at Wishbone 6, so an update on that due in a few-weeks timescale).
Oops, unfinished: "We will continue the exploration, and we will update people - as we've said in this release - we'll update people with the exploration program that we're going to pursue during the rest of the year".
Just listened, he says "It's very exciting even if you're not a geologist, and in fact actually when we started this current piece of exploration I did talk to geos and said look, what is the best thing that could possibly happen here. And universally it was that not only do we further identify the major anomaly within the EPN, but also that we find other similar anomalies that we can explore, and of course that's what's happened. You need to look through the detail a bit, but it is a huge change."
"So it was good before, but now you've found extra and it's a different ball-game?"
"It is a different ballgame, and the important point here is that until Greatland discovered Havieron, people were not looking at these types for formations; and we've seen that so often in exploration over the years, suddenly someone finds something perhaps in a completely different place - somewhere they weren't looking for it or whatever, or in this case in a completely different formation. And all of a sudden the whole exploration focus shifts, and what TeraSearch have pointed out - our consultants - is that the drilling that was done back in the 1980s over the main anomaly at Red Setter stopped just short of where it should have stopped, but nonetheless at the bottom of that are the shows of base metal that are very similar to when the drilling stopped at Havieron."
"So we've got a situation where it's like a technology thing which has improved, but also the nature of the of the actual formation that you've got there and the resource is also quite special there as well, so it's a two-in-one improvement?"
"It is a 2-in-1 improvement, it is the change in the technology, and it's the change in focus in what people are looking for; this type of formation we now know is very special, which even five years ago people didn't focus on at all"
"So what are the next steps, what maybe should shareholders be looking out for?"
"We will continue the exploration, and we will update people - as
> Seen that before from these posts here "you will regret being out at the weekend" only to find on the Monday disaster strikes.
Me too. However, Dr Gareth Cave did tweet "Lots of things in the pipeline so keep an eye out on the rns next week." - although the tweet is now removed. ( was https://twitter.com/GarethCave/status/1327254379284586496 from Torreaguas' post here at 14:43 )
> In 2018 there were4.4 billion airline passangers,now just imagine if we managed to get a tenth of that market just for starters.Getting each airline cos to supply the mask on checking in.not impossible
In March, Virgin Atlantic wrote to the UK Government saying the airline sector needed a £5-7Bn bailout to stay afloat, the government refused a sector-wide bailout, but has funded £1.2Bn to Virgin Atlantic.
In March the International Air Transport Association (IATA) estimated COVID could cost airlines £22Bn, then upped that estimate to £87Bn. https://www.independent.co.uk/travel/news-and-advice/coronavirus-cost-airline-industry-flights-loss-a9376871.html
The Center for For Aviation (CAPA) predicted most airlines in the world would be bankrupt by May without bailouts. https://simpleflying.com/most-airlines-bankrupt-by-may/ The world has spent $100Bn on airline aid or bailouts this year.
British Airways warned staff it was in a fight for survival and would be grounding more planes than ever and cutting jobs. https://www.theguardian.com/business/2020/mar/13/ba-says-jobs-will-go-as-airline-industry-faces-crisis-worse-than-9-11-coronavirus
Emirates lost £2.9Bn in the first half of this year: https://www.belfasttelegraph.co.uk/news/world-news/emirates-reports-huge-loss-after-air-industry-devastated-by-pandemic-39737917.html
Just to be clear, you're suggesting airlines might find £400 million of spare money to spend on masks for passengers, up from their current spending of £0, in the middle of the biggest airline funding crisis in years, when passengers are already mandated to wear masks and must supply their own masks at a cost to the airline of nothing at all?
Or were you saying something else?
> I never said I am concerned about your influence on the shareprice or my investment collapsing. I said that I would advise anyone thinking of investing to be very careful when reading the posts of they type you are posting.
Why? What harm do you think reading my posts is going to do to people?
> Trust me, I absolutely do not have any fear that your petty little musing have any bearing on the shareprice, how incredibly arrogant of you.
Trust me, other people don't need your advice who to be careful of. How incredibly arrogant of you.
> It's clear you are not going to agree with anything we say on here
Your clear sight has failed you. I clearly agreed with it being a good concept and good product and a good marketing angle, and I agree with the suggestion that this could be woven into clothing as a possible future use case.
> can I suggest you direct your questions at the CEO....afterall we're just a bunch of fools in your mind.
For someone who started off with "as you are now putting words in peoples mouths" you finish with putting words in my mind? Pot, meet kettle.
AGAIN someone who would rather name call and bluster and huff puff about how important they and their advice are, instead of discussing the product, company, market, research or ANYTHING relevant. HOW is this so common?!
> Funny how Salmon turns up today think there may be a few short here still
Up at the top of the LSE board, the "Share Prices" tab has a "top 5 Share Riders today" section. I look at the ones which have shot up.
> OK Tasty, we complete understand your point of view, no one has managed to change your opinion. You're done now surely? You haven't been convinced by us or the literature or research so can I politely suggest you move on.
Curious that so many people listening to PhDs, listening to doctors interviews, doing their own research, prefer to post Facebook-style insults, bickering and jeering and namecalling, rather than discussing the interviews and research.
Social distancing slows the spread of COVID. Many people don't do that. Avoiding public gatherings slows the spread, people don't do that. Adequate PPE slows the spread, hospitals struggled to provide that and for a long time staff had to reuse disposable gear and use plastic bags and similar. Wearing any kind of mask at all slows the spread, many people refuse to do that. Add a high quality luxury face mask to the market and...
> I would strongly advise anyone to question the motivation of someone that comes on a board, admits they are not invested and posts post after post with 'anti' content.
You're afraid that someone asking what the virucidal layer's effect is in the real world, risks your investment collapsing? I would strongly advise anyone who fears their investment is at risk of collapse from one person asking how effective the product is or what the target market is, to wonder why they are being told to ignore questions and filter questioners. Truth doesn't risk blowing away when you question it, or when you beat on it with hammers.
> Transport sector is massive - effective for 7 hours would cover most flight or train journey - also staff in the transport sector they currently get issued packs of disposable masks each week - nurses - gps - hospital staff - list goes on forever
They already have masks. Masks exist. This isn't the "first mask". Aren't hospital buyers going to wonder whether this more expensive mask is more effective at stopping COVID transmission than a plain mask?
Can you see everyone on a train spending 5-15x more on their masks next month? Changing their washable cloth masks for disposable £1/use masks?
These people:
https://www.dailymail.co.uk/news/article-8945799/One-three-Britons-confess-wearing-throwaway-face-masks-multiple-times-despite-risk.html ("Daily Mail article: One in three Britons confess to wearing the SAME throwaway face mask multiple times")
"a staggering 76 per cent of those from the East of England - Norfolk, Suffolk, Cambs, Bedfordshire, Essex, Herts - admitted using the same disposable mask every time they ventured out for a week or more."
?
> Either way your constant I dont understand messages are not interesting to anyone, no one cares if you dont understand, you are not important.
You think this mask is worth tens or even hundreds of millions of pounds in value to RMS and you can't explain what the value proposition is, and that doesn't bother you?
Cheap mask: 6p. Stops some COVID. Lets some COVID through and around. Could be contaminated after use. Can't stop you touching your face or someone coughing near your eyes.
This mask: 16x more expensive. Stops some COVID. Lets some COVID through and around. Outer layers surely(?) could be contaminated after use. Can't stop you touching your face or someone coughing near your eyes.
People working in ICUs and high risk areas use sealed N95 masks.
Who or where is the target market of people willing to spend 10x more on masks AND don't care if that money is doing anything effective? AND wouldn't rather get washable/reusable ones with that money?
> Tasty !
> Take your time!
> Read the article below!
> Ingest it !
> Then exit stage left with embarrassment ! (never to return)
I read it, it's the same as the DailyMail and the Pharm2Farm website, and it doesn't answer my question. "While current conventional surgical masks block the virus, it can remain on or in the mask while being worn and after it has been disposed of. " - why is that a problem, who is catching COVID from infected masks and how often?
Facemasks on Amazon are 6p each in orders of 1000. Is this £1 mask 16x more effective at stopping spread of COVID than a cheap mask?
> Put it this way, if you had the choice of two masks, one with 100% safe anti-viral protection and one without and you knew you were going in to a viral risk area which one would you wear?
The one which made me feel safer, which might be enough for this mask to become a market leader and sell a lot and make a lot of money, but "feelgood marketing" is notably different from being more effective at slowing the spread of COVID than a normal mask.
> TastySalmon, you sir are a complete and utter fool.
See that thing in the corner which says "please read our rules before posting"? Please read them, particularly number 4.
EdDantes,
Cheers, good comments;
> So what benefit does that have over catching and holding the virus for 7 hours before disposal? I believe, and someone correct me if I'm wrong, that the standard masks could have a build up of virus and eventual "leakiness" of viral particulates that render the mask useless. However, with the P2P mask, perhaps the virus builds up, is killed, and therefore any leakiness wouldn't matter?
That would be interesting; I then wonder if the copper layer can become saturated in places - coated in a layer of moisture so that further breath cannot contact any copper? Is that how it has a 7 hour limit? If not that, what is the mechanism of the time limit? Is it gradually reducing effectiveness until, after 7 hours or so, it drops below a threshhold (and what threshhold)?
Can COVID moisture droplets be trapped by the outer layers, not killed, leaving the used masks still a contamination risk? That seems like it would undo most of the claimed benefit, but definitely only 1 layer is virucidal.
> Tasty don't be disheartened when 10-15 people here shoot you down when you raise a very valid point.
I get easily drawn into internet arguments, it's Ok.
> I personally think the antiviral mask is better due to the leakiness issue that I propose. Naturally, I would like to see evidence for this though. Nonetheless, great idea, great concept. These will be in huge demand and I firmly believe the sp will rocket.
Agree with all those bits!
> Surely academics don't do their R&D at the cost of the Uni and then take their profits private?
I don't know how this particular one works, but it could be patented by/for the university and then licensed to the company for the rights to use it, so the Uni gets income from it.
It also benefits the Univ having research happening, as it brings in grant money, and makes the university more prestigious so more students want to go there, pay student fees, work with the researchers.