Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Sounds like you’ve had an unlucky run! I was about opposite to you last year, making a 7-figure profit on just one of my shares – won’t name the company as I was a major shareholder and would prefer to keep my i/d anonymous.
Don’t be too down, things could be worse and still would prefer to be in your position! Having just retired after 35+ years in corporate lending I was diagnosed with a brain tumour which isn’t good and consultants not sure if I have 3 months or 10 years left…mind you, I don’t think anyone knows over a certain age, so I just carrying on!
Gathered as much information as I could on this company, weighed up the directors who seem to know their stuff, TMT may add some financial acumen. ..and then you simply have to place your bets – similar to corporate lending – I never got into trouble with the inspectors, as long as I had all the relevant information in front of me when I made the call. Sometimes would make a bad debt, but again if no bad debts, inspectors used to be on my back, saying I wasn’t taking enough risks!!
Yes, I’m a MM, have more money than I know what to do with, but not my health. So, no travelling as planned, vehicles were my passion – had 2 cars and 1,000cc motorbike, but DVLA have cancelled my license, so had to sell – so I get some thrills from trading high amounts!
So, who’s going to win out on this share between us – down the pan with your glass half empty stance, or a winner from my stance!!
We shall see – but trust me when you get down to brass tacks, health is the most important – so get the balance right – I was too focused on a good retirement – didn’t cross my mind that I would be bugg**ed within a few months of stopping work!!
So, message to all – make sure you get the balance right between enjoying life and saving – there’s no point of being the richest man in the graveyard!!! – Here endeth the lesson!!!
Have a good weekend!!!
Bigbang
I’m
A glass half empty man! I thought this was a good buy at 95
But at every turn it has been disappointing in terms of what is real. But I agree it has huge potential. Having lost so much last year, I am having to stay in work and now paying 800 a month more on a mortgage I shouldn’t even have! I think I’m just desperate to see this go north! I watched one go from 260p to zero
Another 210 to under 10
Another 160 to 16 (rallied to 25)
But on the balance of probability we can’t keep picking shockers!
Things still don’t feel right here! Nothing but good news but we are at 19p for a reason
The absence of meaningful updates is frustrating.
June 30th Paul hill interviewed. He has them in his portfolio and I’m sure he’s desperate for news but that was 5 months ago. You would have thought, if there was good news, that they would want it shared.
I think we need to know how many they are producing, selling.. what the quality is like, return rate etc. It’s not as if they are starting from scratch. They were producing the first model … this is just a better model. So what is the issue??
I need to hear numbers. Then we can work out their annual capacity and likely income.
Bob Rauker said ‘I like to hit my numbers!’
Since then he hasn’t hit one
And I did NOT like the sound of ‘rentals’. Said to me they ain’t selling the ones they plan to make
But it’s now numbers. They tell in Jan that they have made 3000 in Oct Nov Dec then their 6500 order will be done by end Q1 and in that time more orders should be in!
But numbers now. Not language about ‘reduced prices’ ‘500 shipped and 6000 due to be shipped’. Fluff
Just actual numbers
Bigbang…they go to £1, I’ll meet you for a coffee. My shout. (Small size obvs!)
Decided to do some gardening after all and do an impression of Captain Oates – Its certainly cold out there!!
Theboyg - Thanks for that – wasn’t expecting actual figures, but good to know!
So, if you are so heavily invested, why do you take every opportunity to talk down the share, almost willing it to go into the teens?
Is it a reverse phycology thing, almost hoping that the price will go the other way!
I aways try and give a balanced view, plus and negative points, leaving the reader to make their own mind up. Each to their own I suppose!
As I said before, nothing is guaranteed, but feel this one is a matter of patience - we shall see!!
Oh, and off they go again 4 x £1.89 deals – I’m confused dot com!!!
Have a great weekend GLA
Theboyg is heavily invested
Most at 95p
Some at 25
Heavily for me anyway.
I go away for a few days and the price drops – sounds like another topping up session! Just wished I’d left it a bit longer – maybe it is Santas silly season as the volumes were relatively light yesterday – unless TEK is at it again/ and will be reported later?
I simply don’t understand all these sells..what we know
1. There are plenty of orders for the units in the pipeline.
2. November and December were always going to be used to set up manufacturing/production of the units, so there wont be many sales, but New Year should be good.
3. To me (and I could be wrong) the extension of the posting offer document, simply sounds like a ticking off an overlooked admin disclosure. In the news section, same day, 28th November it clarified this saying ‘ It is currently in receipt of irrevocable undertakings for 16.8 million TMT Acquisition shares, representing 61% of shares.’ Unless there something wrong with my English, Irrevocable means : ‘not to be revoked or recalled; unable to be repealed or annulled; unalterable.’
In any case some of the TMT holders have sold, loads of form 8.3 issued – do people think these are all wrong? – if they are, they would need to buy them back – I don’t think so!
The only thing I don’t understand, being old fashioned is all these piddly buys and sells – one for 95p today – what’s that all about? – I assume it’s something to do with price manipulation by the youngsters on their mobile phones – maybe it works short term, who knows!!!
And the other question remains - is theboyg a shareholder, wants to be at the right price or what’s his/hers interest if not – they never make it clear!!
Anyway, almost couldn’t be ar*** to post and let people panic, but thought I would do a Corp Jones, from Dads Army!! In any case too cold for gardening!!
Or maybe I’ve missed something?
Steaming turd this one. Avoid.
It is clear that deal not gone through yet! I thought it had. So the new shares aren’t even sellable yet??? The delayed letter means deal can’t have gone through.
And they mention that the terms are the same! I wonder whether it may be dark forces… driving price a little lower in hop fir 3 for 5 not 3 for 4
High teens
Barely any of the 22,000,000 sold and high teens are almost here!
Those who mocked….
Another delay
Utterly in keeping with delayed orders, delayed production, delayed payment….
Small company that has much to prove and is proving disappointing!
Time to up your game people. Nothing but disappointment when it come to material stuff….
Money, product and results.
People have placed millions with you and it’s time to show some results
Ever closer!
If next update is anything other than great news….
Update expected mid December I think on production
And hopefully it’s not Jam tomorrow
Doesn’t matter! We in low 20s (high teens)until numbers arrive
Https://tinyurl.com/nztxyuk3
"Oxygen supplementation is one way to help patients who cannot breathe adequately on their own"
Anyone know of a company manufacturing portable oxygen concentrators in China?
🤔
More buys than sells, yet down 2% – another late report sell to appear tonight or tomorrow morning?
Https://tinyurl.com/2jxpwhut
Although, the piece states "The shares issued for the acquisition may hold back the share price in the short-term and there could be an even better buying opportunity."
Boyg
In my article:
https://theoakbloke.substack.com/p/bell-issimo
I’m working on a Discov-r 500 units a month US and 125 via innomax in Q4 rising in Q1 next quarter. With the same level for X-plor.
So I’m assuming 33% less than you just because of gearing up takes time
Buyer of 750K, already shareholder at 4.69%– According to Bloomberg - “Lombard Odier Asset Management (Europe) Limited operates as an investment management firm. The Company offers wealth and asset management services for private and institutional clients.” Incorporated 2009 – employing 135 according to December 2022 accounts. Refer you to Companies House for full accounts – A plus for me to see an established investment firm increasing their holding.
Out in the shed at the moment having a coffee...I'll look into it later...I'm useless on these mobile type things and use desktop for serious stuff!!
Looks like it's tek doing the flogging...didn't see that coming!!!
This will carry on until late December I think
There is clearly an exodus
That’s understandable. You disagree with the takeover you move on.
My guess would be if this drops to the 20p sell me we will have a jam tomorrow announcement and maybe some production numbers… ‘we have manufactured 300 a month oct Nov but we are now fully geared for 2000 in December ‘as we scale up manufacturing’….’
That type of thing
But 750 and 250 and we above 20p
That’s promising
I don’t believe it! - yet another late reported sale from yesterday, reported this morning of 750k – no wonder the price tanked yesterday! Sit back and enjoy the white-knuckle ride I suppose – I thought filling my hot petrol leaf blower 10 minutes ago in the workshop was a thrill, but this almost matches it!!
I suspect they are doing some rejigging, and it will settle down over the coming weeks? Who knows what their strategy is and if there’s more to come – We will never know..they could even be setting off against off losses in another share for tax purposes for this tax year or company y/e – Anyway, my tip is to not watch too closely – go and do something else, like blasting leaves around the garden on full throttle!! - GLA
I see another two late reported sale yesterday 100k & 250k – seems like the TMTA boot sale continues for now? – maybe I'm wrong..another RNS re share take up coming up shortly?
Great comments from both Agricore & theboyg… definitely relevant for the coming months, but I think this recent drop is nothing to do with this – the option granting has already been priced in and if anything, flogging them off with these tiny margins should help, rather than when the price is double.
To me it’s seems to be a supply and demand matter, re huge volume of shares being dumped on the market in a short time… if you believe in this share, it’s a great time to top up for the brave…certainly I’ve been buying over the last week, but with 40 years trading under my belt, I have made a few mistakes in my time!! – hopefully it will pay off….to quote the army slogan of the 17th Lancers ‘Death or Glory’ – Lets hope its glory!!
So…
CW22 and Agricore
January trading update
Full production started 30.9.23
What numbers make you think ‘they are on it’
For me I want 1500 a month….
U?
Agricore
You are never rude. Always considered and support your arguments with stats.
CM’s assertion of hysteria less considered but my wife may get along with him
My point is this stock moves on small volume
20,000,000 extra shares
Today 80k traded and down 6%
If 5% of the 20,000,000 want to sell then high teens is a possibility
The price is not reflective of value… never is I suppose whether positively or negatively
Highs of 145 plus when there was no news and lows of now when there is huge news everywhere
This is all about production
And then getting money in.
The company does enjoy a jam tomorrow feel and less what we have done today.
For example. If production was good in October you would like to hear a ‘1500 produced and tested in October’ ‘1900 manufactured in November’ so that we know the factory is churning whilst board members work on future proofing finance
Jan 2023 update
By 31 December 2022 the Company had shipped or received orders for 2,850 X-PLOR units with 1,226 units being shipped in 2022 (2021: 377). As at the year end, the Adjusted EBITDA1 loss is anticipated to be in line with market expectations and retained cash balances of $1.8 million, which together with inventory and inventory deposits, amounted to $11.9 million.
So 2850 done…. 1200 of which 2023
So 1650 units or so 2021
Revenue $1.54 million… on 1600 units… not profit… revenue
Financial Highlights:
· Group revenue of $1.54 million (2021: $0.42 million)
· Adjusted loss from operations of $6.2 million (2021: $4.2 million)
· Basic loss per share of $0.07 (2021: $0.06)
· Net Cash as at 31 December 2022 of $2.04 million
· Inventory and inventory deposits at 31 December 2022 of $10.8 million (2021: $1.8m)
Doesn’t add up. Unless they reduced it 50%… which they stated that they did reduce first tranche
Anyway…
The company has money. Has inventory. Hopefully useful inventory.
They just need to produce and sell and throw 10% at r&d for Discover-r+…. The next model😎
It is a few steps up a huge hill. Production…. And sales are what drives this. All other good news flows freely. But not production and sales