Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Quality not quantity, I'm happy with that. The majority of the time this bb manages to produce that.
Plus, it's just a waiting game now tick tock.......
Yes kully, Remy certainly is another great asset we have.
Nvs, Remy and even Vasillios all sounded upbeat. I know that would be the brief before the call but still.... 'No more equity raises'......ever!! Now that was music to my ears after suffering many many years of placings, raises etc
All in all, a very optimistic CC and plenty to look forward to, we really are on the home straight now.
Surely the funds raised from the placing last year will have covered the entire (then planned) drilling campaign at Mt Oxide?? Granted if they decide to drill more then extra funds will be required, another option to save on raising would be a drill for equity agreement with the driller. We could have really done with a little more detail in yesterday's rns on timeframes, drilling costs.
Any ideas if drilling has restarted at Mt Oxide yet? Any timescale predictions? Thanks in advance
Thanks apr
Appreciate that F79
lol ...eeyore.
Now that would be a more apt username for her.
Same story playing out every year? Forgive my ignorance but I can't quite remember the last time we had a major tied in an EA with us for a potential buyout/JV and I've been here a long, long time
Personally, if I felt I was being played for a mug, then I would sell up and move onto another stock.
Fair play to whoever it was on here who said they had an email from nvs stating we would be having an investor call soon. Can't remember who it was but I was beginning to think it was twaddle, guess I was wrong. Well dine that man.
Remember also, if they do increase their stake in zamsort/zaco which nvs alluded to (can't remember which one CE falls in) then the net revenue to us will increase.
Seisnav, 3 weeks for B&I !! Who's your broker, Sloth & co?? lol I was berating mine when it took them 3 days for mine to go through, I suppose I'd better ring them back and actually congratulate them on being suoer efficient
Oh dear....come on now, stop horsing around
Good for you. Put it down as a lesson learnt, we've all panicked sold at some stage early on in investing, and regretted it. As buffet said "the time to buy is when everyone else is panicking" or words of that kind. Now sit back, relax and wait for the next curve ball lol
So many times you see an sp drop to the placing price, so wasn't surprised we ended at 6.5p. Would be nice if we can bounce back to around the 7p mark within next few days. Little miffed that i decided to top up 2 days ago, hey ho
Agree with what you say there kully, they know the deposit runs deeper in certain acreages and it was always the plan to drill deeper. I can see an extension to the EA happening, hoping not but it wouldn't surprise me.
My bugbear is that they should have stated on the IC that cash may need to be raised for the deeper drilling, but they specifically stated that they were fully funded for all drilling and the airbornes until 2022. I appreciate things constantly change and if we find the main ore body during the drilling then happy days, but it's really irked me that they went against there word in a matter of a few weeks. That and the low placing price, surely with the potential upside, we could have got 7.5p. Anyway all water under the bridge now, we will just have to see what twists, curveballs, U turns await us within the next few hours...i mean weeks/months
Always thought arcm would continue after a deal is done for zambian assets with AA or a nother, in fact nvs alluded to having had a meeting on the morning of the IC with another party regarding other potential assets in other areas, assume this was it. Market reaction probably mirrors most our reaction first thing, slight disappointment that it wasn't THE rns we were waiting for. I personally am disappointed at the price, feel we could have done it at a higher price. If the deeper drills find the main ore body then we're all laughing, if not then.....
Only time will tell, not expecting any deal now until July
Agree @kully, a nice scenario there. I hadn't thought of the possibility of AA wanting to extend the EA after a deal had been done, nice curve ball. I believe that a JV will be the outcome. Who knows what percentage AA will want to take on and what cash amount we will get, but it's certainly the most rewarding path to go down for us shareholders and arcm.
Slightly different entity to what it was a couple of years ago, would you not agree? sp may drop on certain news, whilst the herd panick sell as they won't get their 150% rise in a few days. However, it would be short lived, there are other suitors waiting in the wings, we are covered for the next 2 years drilling, there is strong possibility of hitting the motherload within that drilling, oh and we will be cash flow positive 2022. So, I certainly wouldn't worry too much about it "tanking", and, if it did what a buying opportunity that woukd present.
Well put like that that I'm buying into this.......
...oh wait, I'm already fully loaded here
...and what's all this telegraph talk, I've read every page today and can't see arcm mentioned once
;-)