Pan African Resources PLC (OTCPK:PAFRF)
$ 0.3 0 (0%) Market Cap: 624.66 Mil Enterprise Value: 686.40 Mil PE Ratio: 8.15 PB Ratio: 1.87 GF Score: 77/100

Full Year 2019 Pan African Resources PLC Earnings Call Transcript

Sep 18, 2019 / 09:00AM GMT
Release Date Price: $0.11
Operator

Ladies and gentlemen, apologies for this delay. We are in the process of reconnecting the main venue. Please remain online. Thank you.

(technical difficulty)

Ladies and gentlemen, please note, the main venue has rejoined, and they will be resuming shortly. Thank you.

Jacobus Albertus Johannes Loots
Pan African Resources PLC - CEO & Executive Director

(technical difficulty)

cannot multiply. 1 Krugerrand will unfortunately remain 1 Krugerrand. A producer like Pan African can bring resources, which in this market are not attributed any significant value in the ground to account as quality, profitable and incremental production ounces. Also, the leverage is greater in buying a quality producer in a gold bull market. A 20% increase in the gold price can result in much larger profits for the producer.

Let's move on and spend a couple of minutes on Slide 6 and 7 on gold mining in South Africa. A statesman said many years ago that South Africa as a country would never be as good or as bad as it could be. Until today, that

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot