Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hey
My thoughts I still remain optimistic you don’t have geologist and the equipment ECR do and Cb talking about wanting to release the results straight away to be bad otherwise it’s a big own goal.
I would be drunk if I played buzz word bingo with the word fosterville in CB interviews so something must be there to continue making the comparison.
My theory is they wanted to drill up a few more holes prove the results are fairly consistent & , show a roadmap as the drill results on one hole the market would just be like what’s next.
R33skyline it’s very early days on the gold price. I was having this debate earlier in my opinion we won’t be at this point for long considering inflation will catch up with us sooner or later end of Q2 I reckon.
Depends how far you want to look forward 1 or 2 years. I still believe it’s a relative safe investment over the longer term just depends how long you want to wait.
As always AIMO
Hi Gino
While I agree timelines can slip personally CB will be doing everything in his power to keep to a couple of weeks the first hole and set of results are the most important as they give confidence to PI and II that we are trying to bring in that we can deliver and quickly
sentiment is the most important thing on AIM it bypasses fundamental sometimes so I don’t expect a significantly delay if there were to be one
All in all it doesn’t matter to me as Im in for the longer haul but there’s a lot of quick profiteers around.
Like you said trust your research and investment
Hi All
Just a bit of patience is required it will pick up as we progress through the week a lot of negative prices amount miners today OMI , GGP etc just generally tend to rub off across the sector never really understood why.
If we get Assays this week my opinion is we will break 4p
Hey Leflic
I thought someone else might have responded to this by now but I’ll start by saying looking at the share price in isolation isn’t a helpful indicator of success
You really need to look at CB timeline when he was with or supporting those businesses a lot of it is a structured methodical approach laying the foundations for success.
Kyrso highest share price was in a period when CB was finance director if you wanted to have that argument and the same with CNGL both companies are worth significantly less then when he was there.
He is also in a very different role in ECR as CEO where he is now accountable for everything.
When I look at his track record I look at when he started and when he left and what he achieved in that time not just in the share price but the organisation as some work takes year to really impact SP in mining
As always AIMO
Just wanted to highlights a couple of key points that may have been missed the visible gold samples where from 111 -115m looking at the pictures last week from CB interview today the hole is already at 300m and there still finding the right indicators at greater depths I can’t wait to see the assays and what we are finding at each depth
Hi AG
In simple terms it’s seen as a positive that it’s visible
As it’s potentially means there good mineralisations and composition nothing can be taken from it until the assay are back it’s just a healthy indicator at this point
Seeing gold is one thing but it’s the bits you don’t see that add up most miners like to post about what they find so i wouldn’t think to much into it at this point
Hope that helps
Agree Gino there was a much larger amount of forward selling today in comparison to previous days and an increase in the traded volume which has been on the creep all week
I don’t use LSE L2 but if I get the chance I’ll try and put some metrics together over the course of the day showing volumes
Yeah the website does need updating however we Are on for the trifactor on good news soon it just depends what lands first 1) Initial results from the drilling we kicked off2) additional licenses that are outstanding 3 potential JVIt’s just a game of patience now
Hi D2C2
While it’s early days on the drilling fronts it worth I taking into consideration the current MCAP and shares in issue in comparison with other exploration\miners which if we hit key milestones / prove up the resources this should rise pretty quickly
Hi Everyone
Just bought my first pot of ECR Really like the look of ECR good management , strong finances and high potential assets seems to be a good synergy here.
Not concerned about the warrants at all it’s actually much smarter to do it as this point then much later down the line and puts us in a strong financial position to expand the operation
Hi All,
Held EUA for a while but only really came on when LSE forced registration to see content and thought I’d start posting
Monty post may appear negative but there’s some valid content in there for me Alexei was bought into EUA for a particular purpose strategic advisor around mergers and acquisitions so if he has no knowledge of the FSP I’ll be amazed.
EUA in my opinion absolutely need to conclude the investigation and fast as if I had strategic advisor bought in for M&A who unloaded 27million within a FSP you would absolutely want to understand why and those that saying he needed cash quickly the guy is not going to have got up overnight and go I owe 10million I need to pay equally there was an alternative in my opinion where the company could have acquired the shares given the increase in there overall value over the past 12 months its surprising he has told them he won’t sell any further of his shares/option but didnt say anything for the first 27millon
Not trying to be negative and I absolutely believe In the asset but this has slightly dented my confidence even with the RNS
Lots and lots of speculation tonight which is totally understandable given the circumstances however just want to clarify a few things if Alexei was even close to the sale he should/would not be allowed to offload shares you are more likely to see an instant suspension and EUA would have already been under significant scrutiny from the first Nomad issue
The team hold much more shares then any of us PI so the pockets must have holes in tonight aswell as ours i just don’t see why it would all be risked for such a small amount of shares in the grand scheme of things but stranger things have happened
I noticed a couple of mentions of JORC standards so just to clarify JORC is the global industry standard however that does not mean other metrics can’t be used depending on the countries own measurement systems. I would highlight the Russia for all it sins is held in very high regard for its Exploration/Mining and its resource finds.
Now I’m going to get some sleep and hope we get an update tomorrow what will be will be
As always AIMO
Hi Army
The main theory on why was released on the 3rd as there was speculation that insider information had been leaked ie the Phil Taylor Saga which turned out to be nothing.
RMR and Ndn apologies to thread hijack but i don’t personally see a JV or royalty model being the preferred option for the company.
I know if I was spending 20 years digging holes at some point your going to want to move on to the next project
If we wanted a JV we could have approached multi parties on an investment basis long before now rather then launch an FSP and on the royalty model that only really works on proven resources where as lot of discovery’s and drilling is still required here
I personally wouldn’t want to go into a 10% etc royalty model without having a significant amount confirmed if I’m spending billions on an acquisition and infrastructure also imo it’s not in the buyers interest if they find more resources then anticipated which is a likely scenario here given the regional data
Aimo
Hi Lancerman
Of course it would drop the point I was making was that if the really felt they could make more trading on the open market then at this point they would have done so already.
You have made a lot of assumptions in your post in regards to outcomes there are a number of ways each scenario could play out to be beneficial depending on the length of time given
The most immediate one is the successful conclusion of the FSP but like I said I’d like to consider all scenarios best and worst case
Thought I would try and add a differing opinion to this thread
The BOD have a lot of skin in the game if they where convinced that the recent highs where the maximum value they where going to get for the assets they could just choose to cancel the FSP and sell their shares on the open market over time while continuing to prove up resource it’s in there interest to maximise value as they all considerably profit
So for me that suggests one thing that they value the company at larger then the recent trading highs by how much is everyone’s guess!