Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well said Dodger. I think an apology from the BOD would be welcome.
250,000 x 15 p would do for me. I’de be happy to walk away at that. I wonder if the people who have taken out torps think he’s honest and trustworthy and feel easy about dealing with him? The effects may be more far reaching than he thinks.
Looks like an apology.........
What needs to happen is an answer to the 5 page list of concerns/questions that CF & BOD have received from ShareSoc - think it might need to be more than a couple of paragraphs
Bellers I’d consider 15p but the right thing to happen would be a consortium funding and divs going forward ?????
Ever the optimist?! Lol
IBAB - I’m not sure what’s happened but as you know, and it’s obvious now, many of us listened to that last conference call which wasn’t that long ago and took on board what CF said about how he was going to conduct the SR. Personally I went with that even though others didn’t and were vocal about their concerns. I chose to go with CF and because I went with that if I can possibly have it, I want an explanation. If we don’t get one then at least I know I’ve been part of a group that has tried. Every point that the ShareSoc raises I want to know the answer to. After having been a SH and invested a lot of my time in researching Sirius as much as I could what I didn’t do, which seems obvious now is heed some warning signs because i thought this was one of the difficult situations CF had been in before and he would overcome - as I was told by IR recently. I’m going to see what comes back re ShareSoc letter and go from there. I’m not one of those that wants to sacrifice the money I have left but at this stage I’m with all those SH’s that feel let down and especially for those that will never get over it because they’re local and invested for all the right reasons their pensions and now probably will never have the chance to get that money back. I have moved on in one way in that I’ve got over the shock (which might sound stupid but it was a shock) but not ready to move on until we know the reasons for this huge upset to so many peoples lives and who is accountable - and actually even in this cut throat world of business - it’s not okay because Sirius SH weren’t the norm - they were local and not share buyers and they should not have been encouraged in the way they were to invest and that now should be recognised, and again if it isn’t at least we know we’ve tried
It is a criminal offence under the Financial Services Act 2012 to make, knowingly or recklessly, a materially misleading, false or deceptive statement, promise or forecast in order to induce a person to buy or sell securities.
It is also a criminal offence under the Criminal Justice Act 1993 if an individual who has inside information (information that is not yet publicly known and which would affect the price of the securities if it were made public) deals in price-affected securities in relation to that information on a regulated market. It is also an offence if he encourages another person to deal or discloses such information (outside the proper performance of his employment).
'chalk this up to experience and move on '...….but herein lies the rub .some can move on ….many can't …..this thing will eat away at them for ever .
Bellers - CF is jut temp middleman, Torps will very likely be respected (or bought back with interest premium),
company will produce and supply Poly as planned
So no harm done, for those who's signed torps - it doesn't really matter, all this fuzz is quite neutral to other parties involved (bond holders, very likely land leases, employees, etc. etc..) only unhappy side are shareholders (well - most of them, remaining 40K I guess?)
Well said Fred - let’s see what they come back with?
... employees, DMC/StraBag, Gov, etc. etc..)
Land leaaes not happy at all .pretty ****ed off from what you hear. National parks .no support now
Hi Yuri.F. I suppose I wish they were now looking at him as untrustworthy and lacking in morals. Ah well.
However, been looking at Polygon and where (if at all) they fit in this larger play. A snippet from their website.
Corporate Restructuring: participation in recapitalisations and balance sheet deleveraging via equity issues
M&A: favouring hostile, cross-border or otherwise complex transactions more likely to be misunderstood by the market
Dislocation: medium-duration, high-conviction trades with significant upside potential
Special Situations: “piggybacking” on corporate activism and/or pre-deal opportunities.
Is there any possibility that they are about to throw a spanner into the works and join in with the first “ unviable” offer that was rejected?
Bellers - as we all know there's always a chance of risk (for one side) and possibility of opportunity (for another)
Will see as for now it's all speculation and guessing (although action taken based on analysis of this information does matter much for our pockets)
I'm still committed to throw into a pot (or furnace) if path of additional equity raise is selected at last moment (with up to 80% dilution)
The problem with P (or whoever it is with alternative) is timing, SXX has a long backlog of short-term delayed (long enough already) liabilities (negotiated with service/equipment suppliers) plus bond coupons, so liquidity situation is critical, suppliers are nervous (and won't extend)
As a result - competitive to AAL option needs £300M-£400M outright (in April) and not everyone can afford sinking money into market (buying shares) and getting money ready for offer at the same time (even if it's external finance coming with interest)
scott1092 - I'm not sure how your model works? Lease is binding contract: land is used (the way it's agreed) or not used - but money do get paid, landowners only in loss if sxx goes into admin (no money to pay)
Does sxx have a business contract and schedule with amounts for charity payments?
I’m weighing up at the moment whether go in Sirius even larger.....especially if it dips slightly, say to 5.25.
I understand leases
Bucky it’s got nothing to do with you.
Ibab. It’s not up to us to supply evidence. The authorities investigate and supply that. It depends whether the decide to follow up.
Chris s missus, probably with him in there bunger .planning there return down under
Civil market abuse
The Market Abuse Regulation (MAR) sets out the civil market abuse regime and prohibits insider dealing, improper disclosure of inside information and market manipulation.
"A man walk into a bar, leaves his dog outside............"
All the best (not the end of the story so far............ :)
“ I assume you have a point, or are you just going to post all the rules...?“
Bucky none of your business.
Chesh that’s an easy one, the dogs a designated driver.
.......or the Dog just takes the lead.......... :()
and phones all his doggy mates about whats happening...........!
All the best (woof woof :)
An off the cuff remark, made to a journo, during an off the topic conversation...........!
And you, I or her still don't know to which side of the camp CF was referring, only CF does..........!
All the best (sweatpants........... is a troll term, rather than the more positive end :()
calamari - on a boundary between rights of expressing opinions, assumptions (letting all creativity and imagination going wild) and stating facts there's no reliable mechanism in legal practice to build proof leading to conviction in these cases. It is a very different approach if company representatives/officials say something in public space acting at this capacity.