Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It must be remembered that the 3D owned by Namcor has always been around but not in the public domain and certainly not available for close scrutiny. That is not to say that an 'executive' version of the content will not have have been discussed during discussion and negotiation with any or all parties.
What we have now is the opportunity for GBP to open the book, under the terms of the license agreement, directly with any third party in order to allow GBP to advance their own negotiations. The fact that Namcor are willing to allow this for a relatively modest 7% speaks volumes and I would venture to suggest this was done to allow the GBP negotiations to advance at pace and in advance of the drill activity planned off the coast of Namibia and S Africa.
Namcor have positioned themselves - it is now up to GBP.
This really is great news.
@paul 150. This is great find. Thank you.
Slide 6 gives clear guidance setting out the intended play by BE. Not specifically mentioned on this BB but it states that electrolyte will be produced from V processed at Vametco but with the intention that electrolyte could also be produced from V processed at Vanchem and Glencore's V processed at Rhovan... and any other future processing facilities that may come into play on the Bushveld Complex.
This can only mean that BE are positioning themselves to at the very centre of all things for all the SA primary vanadium producers to service the manufacture of electrolyte. When you consider SA have three of the four primary producers of V on this planet then this could be absolutely huge.
If FM and MN continue on their current trajectory then we have a winner.
Jim - in answer to your question GBP will only need to comment on price action if there is an ASX Ann for a speeding ticket. At present there has been no price movement on the ASX with the SP stuck on 2.0cents! Seems there is a bit of disconnect. Should change.
Really good tracking on those survey vessels. Jim - many thanks and seems to support the view that we are very much under the microscope. All about location for a deep drill me thinks. We are certainly contender for selection.
Given what has happened today the BOD must report news even if there is no news. IMO I think we are going to hear something tonight after the auction close - there will be big SP movement, as a consequence. at open tomorrow. North or South? That is the question.
AMG have got themselves out of a short term muddle due to the fall in FeV prices. However, to suggest it's a good move on their part means AMG are being a bit disingenuous to their shareholders. It's a great move for Glencore. They remain very much in the vanadium game and still have Rhovan going full tilt. It looks like AMG did not make the call to the Largo boys and girls to get the low down on a typical Glencore off-take deal. If they had I suspect their announcement would have been more cautious.
Pure speculation but...
We know the connection between GBP and TRP. We know that TRP debt and funding for the drill in Cameroon is getting very close to the wire. We also know that TRP have Namibian blocks adjacent GBP. Could it be that TRP need to use their hot blocks in Namibia as part of the deal they need to close for Cameron and if so might this not be linked with GBP's own negotiations?
There are an awful of what if'and maybe's but it does seem that something might well give in September.