Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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We already have 4 x more production than ukog and over £12m in the bank with 1m plus profits pm our cap is only £32m. Ukog £65m cap almost 200bopd and over 6bn shares in issue. Bargain here and major growth story.
cant go wrong if you buy around this level - fully funded and making very good profits - very refreshing indeed
Wise Words!!!
Now we can confirm fully funded for all stages and more. And profit making to boot.
Please remember placing now done and only good news ahead. Oh, and 12 million quid in the bank along with a million quid a month profit. Bring it on. Oh the fun and games here will make your eyes water but will all be worth it.
Could I offer my thoughts to those less experienced on the basis that if you don't want my advice then its just noise and you can ignore it. This share is different. I said that from day one. Its different because it surprised itself with what it found. It is cash rich, has an income, has money cash cow lined up to expand and only blue skies above it. On that basis, that's why it didn't go for a placing. It went to the market and asked for 12 million quid and the market replied in a heartbeat. All the invesytors will want a good return, not a quick 20% and back out. As I said originally when a company like this comes along, expect everyone at the pig trough, staff, BOD , MM and institutional ionvestors, everyone will want some. What you are seeing now is the investors wiining and BOD winning. Long term, everyone will win, What you haven't seen yet really are MM games as they now know placing done and blue skies ahead so they will have to work for the shares and scare the weak, which they will. Expect fireworks everyone as we re-rate to £1.00 and beyond. Dont leave the race until its finished.,
bid rising. 13p coming
Basically good times and mid tier status within 12 months.
could go blue soon.
The £12m is basically an advance on what 16a will earn over the next year. Good business when that cash is to be used to replicate 16a fourfold and also bring in 608bcf of gas.
Been a few of these. See a rise for a few days here. Tr1s should be nailed on and give more confidence. The next raise at egm is going to be higher let’s be honest they won’t want to have pulled one over those in the block but last night.
250k bought at premium there.
did anyone spot the other rns about warrants being exercised?You dont do that to hold on to them - somebody thinks the run has come to an end.
Balance................
Getting interesting at this price I admit
To be fair some decent buying now
JP that is what somebody said when CPX raised at 8.5 p ! now at 4.5 p . There is no floor
10m plus pa with 16a and already over £12m in the coffers. Can below £30m. Filing my budgie smugglers.
Zen has an astronomical cash burn rate. No thanks. Places every 10 mins.
Bid now down to 11p..,the mkt makers don’t want any more
Did the directors buy any stock? It appears not as yet anyway. At least the directors are buying in Zen ....which is next door....
With all the so called great news why are we falling ...... any idea....
They are on a 3mm choke giving 700bopd at well 16a. This is the max the on-site facilities can manage currently.
They and their ilk probably did buy at c4p to give it the initial boost along with the hype. They then made a fortune from the highs as they sold as it drifted down, they then get a further bite at the cherry by buying again at discounted prices, its common practice to then hold price up circa buy in price, then on any positive news let it rise again on the hype for easy money and a third bite from the cherry. Its like taking candy from a baby if you can buy circa 11p and wait it will be back to 16p shortly. The only investment some of these guys will make is from their original BLOE profits.
brg, as I recall they scaled back flow because of constraints to around 300 b//d so the 1100 was never the production figure.
Well....the bid is already down to 11.6 as another thumping sell goes through. I could see below 11p briefly if this flood of selling continues. 12m is a lot of money and some clearly want out. Just the way it is.
Peter, you might be lucky with your buy in price , however the promised production supports a higher share price so people could wait for that before selling. I am.