Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Granitetim, thanks for that link. Half-year results look very positive for Norseman. With unhedged near term production projected to reach 100,000 Oz/annum , no debt and production costs per Oz under control I'm sure we'll see SP at 50p again soon enough!
Looks like this has occurred too early IMHO, probably secondary to profit taking on financial stocks. Lots of good news ahead for holders of NGL . Gold only set to rise further once investors come to their senses and see this recent optimism for what it is....fleeting and completely groundless.
Bhuda, I'm a gold bug but unfortunately for me I'm not in this one, yet. Can you give me some company info please. I hope you're in NGL, good to see that UBS and JP Morgan are topping up.
Don't be fooled into thinking gold is going to go backwards in price! There's a world shortage of bling at the moment and surging demand. Contact any national mint and ask about the delivery time on minted 1Oz gold coins, you might be surprised! Gold price might flatten out for a while before another big upward movement. Huge financial carnage is only a few months away!
Any share going north the rate NGL has in the last couple of weeks will become fashionable before too long! 100% unhedged gold production at a steady rate, prospects of a new mine and a soon to be storming gold price all bodes well for NGL.
You did well to get in at 2p! My average is 6p, but I'm not complaining. Good quality 'true' penny shares are sometimes the biggest multi-baggers. I bought SBE back in 2000 when it was 8p a share and made a tidy sum even after the consolidation. Sadly, it looks like SBE is now finished, such a shame for those investors with cash tied up in it.
At this price anyone would think that NGL is a gold mineral explorer with some vague outline of a resource on some far flung pacific atoll and not the established goldminer that it is. Looking forward to ASX link-up, how about floating on the TXS as well? That would do wonders for the SP! Patience is needed here. Watch for the second upward trend in price to 15-18p, that'll be when gold zooms up and more bad news drags the financial sector down further. Good luck to all gold bugs out there.
Well, I did say that NGL is on an upward retrace NorbertDentressan! Good to see that Norseman is beginning to receive the attention that the company deserves. I think its worth a lot more than 10p a share at this present time, and who knows what the SP will be in two years time with increasing gold production targets and costs under control.
NorbertDentressan, IMHO NGL is still at a ridiculously low price. Company confident of major cost savings. I bought into NGL pre-consolidation at 10p and increased my holding over last week. I think the SP will slowly but surely claw its way back to somewhere near its post consolidation price of 55p over the medium to long-term as the gold price soars.
NorbertDentressan did you re-invest your initial profit back into NGL? Beginning to look like the SP will retrace significantly.
This one has certainly done well over the last 2 days. Wish I'd seen got in at 1.70p. I wonder what will happen to the share price in the medium to long-term? Any ideas?Gold looks likely to soar in price in the next few months, can we expect NGL to end up in the 20-30p bracket if they are cash generative and able to keep their costs under control?
Well done Garner! Half-Year results still in the black with the likelihood of the FY meeting market expectations. Excellent news on the association with top US recruitment group Rhodes on both the US Eastern and Western Boards. The advantages of the company's diversification into new industry sectors is already beginning to filter through. I hope we hear more on the digital media service later this year.
k7pws, Philex would of course like to get hold of the remaining 14 million shares for 47p each . A somewhat audacious statement from them today 'urging' all shareholders to sell up ASAP. Of course there was no mention of the pending GSEC101 licence conversion to a service contract or any further communication with FEP. Good luck.
Willy, hope you are still in on this one. Price seems to be firming. I wonder whether a counter bid is in the pipeline? Tension is certainly building over this offer. The minute I sell my shares, it would be just my luck that a 65p offer is made for FEP!
I'm going to hold until the bitter end with regards to FEP. We're guaranteed of at least 48p per share minus tax and broker fees and should get the money for our shares quickly given that there are only c 28 mllion. I'm not in any hurry to spend money in this bear market! KR
I think its probably because the sellers think it's a done deal and want the money now rather than have to wait several weeks for a pay-out. I tend to hold until my shares are bought in confirmed take-overs because you get to avoid paying the tax and brokers fees!
Brilliant research willy. Definitely some insider, underhanded purchases behind this bid. Agree that if the offshore gas is there and of sizeable economic proportions there is no barrier to exploitation and eventual commercialisation. ihavenoclue's argument is nonsensical.
It's all down to FEC Resources ( 30.65%) and the former head of the Philipines Stock Exchange and related interested parties now. PR still need to find another 37% of the share capital. 22.51% is split between 5 major investors. I don't know how much of the outstanding 34% of the shares are held by interested Philipines based groups. I know that there are some pretty powerful individual investors who would want more than this for their shares. On the other hand there might be a more sinister reason behind this bid. Smacks of corruption. I think willy is right, if FEP agree to this we'll see the company relist under a different name for 3 quid a share within 6 months.
I agree k7pws, ridiculously low price based on FEP's assets. Share price should be about 120p pence by my reckoning at this time without take-over speculation. This is an audacious move to say the least! FEP's shares are worth another 80-90p more in addition to current price. I don't think that FEP's major influential Filipino share holders will agree to this miserly valuation.
Forum is currently grossly undervalued IMHO. Investors who have researched the company like yourself know there is significant upside to FEP. Expirey of the tripartite agreement in June ahead of the granting of the service contract will elevate the SP. We have Galoc royalties to look forward to and at the end of the day 3.5tcf of gas is a major reserve which will be utilised as a much needed domestic supply source for the Philipines. With due respect ihavenoclue there is no ramping going on here, the facts speak for themselves. By the way ihavenoclue did you have a bad day? I noticed that you gave the LSB posters a bit of a bashing!