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.
the gusher not likely , although way back the best Vertical , gusher wildcat , came in near Baku
for an onshore well , at 60,000 bopd , the ultimate sweet spot, the local wells around it where
3,500-4,500 , so quite a pleasant surprise.
Be nice to see the Dakota vertical , gushing 150+ or higher , making Shouston need to go out
and buy more Egyptian Cotton, salivating at the prospect of a directional , Horizontal into
the same reservoir
;))
I will be in Egypt in February, I need to find the source of their cotton.....lol
This company is a waste of space and going nowhere under this CEO
There you go yet again. Is there no end to your mischief making
At this Stourton with this company you might have to settle for a weekend in Blackpool instead HaHa
People need to check all your "facts"
Exactly Bob, you wonder whether LB actually takes the time to read, let alone think through what he’s posting. He’s currently either put a spread bet on or looking to buy back what he sold this morning for sub 21p.
I have no issue per se with trading or traders but when it gets to stretching the truth, deliberately misconstruing factual information and drawing a tenuous and nefarious conclusion then it crosses a line.
Me, I continue to sit on my hands and will allow this to mature at its own rate, looking forward to putting a zero on the end of the SP sometime next year.
Until the full details emerge , we do not know if Arty has pulled off another master stroke
or wrecked his own SP again , rise in MC again but SP going nowhere due to dilution and
further dumping.
Has hoped , he would step in before Cuda into admin, the potential was clearly there for him
to get both , cuda bod and the creditors onside, the cuda board still make a wedge our of
the same license BUT no longer have any of the financial headaches, we take the CEO on as
the new Wyoming COO
The creditors a sweet , over time production deal , they get all their money back , no fire sale
cents on the dollar big losses, hell he could have even thrown in a small time based profit.
Now its in others hands , looking for the best NOW deal they can get, we should pick it up
cheaper in overall cost v an overtime deal but have to pay the price of more dilution to do it
the other version , would have been little upfront cash and some shares and future options
at higher prices for the cuda bod.
In two minds still. I do suspect pi's have been actively shafted in favour of ii's, but I think we have been shafted whilst getting the company into a more interesting (better) position.
Re the threshold for "real" iis - the new share base makes £50M mcap now equal to 25.71p. So an unexpected bonus of dilution when we get back to that level ;-) Bearing in mind that should be COPL + CUDA mcap. Looking forward to updates to the resident calculators estimates of true value when more is known.
Accelerated placing points to an early RNS on CUDA if there was an agreement in principle and just a matter of form signing and money transfer.
Art should really be getting news out soon (e.g. today/tomorrow) to both steady the ship and add some horsepower.
depends how many they have forward sold higher , added to their nice half a million
starter for ten , FEE on 8m , pretty nice profits , 10% overall on the 7.5m is 750k plus
500k fee , 1.25m not a bad return , sure they are crying all the way to the bank , as
per , at copls usual wonga lenders offices
No problems for me with doing a placing for CUDA. What I and I suspect most holders have an issue is is the mates rates deal that has been given to IIs.
Let’s hope he has been understating everything and the taps open on existing production and the deep discovery.
We await the next part of Arts master plan…..
You mean Plaster man, this share is heading towards sub 20p and fast.
That's the main problem , he appears to have no plan, talks good game ,courting INVESTORS
and leaving the lenders (they are not II's, should ref to as IL's more fitting ill make your sp sick)
behind, upper , better finance options as taken with the Atomic deal
Someone needs to slap him round the head and remind him if he makes his Billion MC company
and still has an SP of 20p, that is called abject failure, not success, which would be doing the
same but having at least a couple of quid and a low share base.
Which is not from2 or 3 consolidations on the way to that billion MC.
Get the flows and revenues up , let the share price rise with it and then raise if required
higher prices , lower % dilution , build it , not break it, every time it looks as though progress
being made ffs
:((
Hold on to your share's guys and girls news will come thick and fast
Come on Arty turn on the taps
Not until his mates have got their rates and a £1m+ profit/fee from this latest kick in the multi bags
he has had the ammunition for a long time , he has chosen not to use it , so as not to disrupt their
plans , the good news is , we now know , he has not changed , porkies drip of his tongue and the
day the long promised, Regular News DOES flow, they will be gone, FOR NOW and we might rise
or even re rate, until he throws another spanner into the works, ffs
:((
The placing is small fry compared to the value that will be realised if the bid for Cuda is successful hopefully resulting in 100% WI of Atomic
we own atomic and all its assets/infrastructure , cuda percentage of the LICENSE will give us 85%
CNOOC still hold 15%, although declined to take part in the deeps drill, USA legal issues etc , so
probably his next target , to see if they are willing to let their 15% go, no funding issues with them
they are the Chinese Government , so can pretty much do as they please.
:))
HFB - i dont know what you do for fun or how you spend your spare time, but i reckon your have written more (often repetitively) on COPL in 6 hours, than i had to obtain my Masters degree, isn't there a golf course/fishing lake/shops/cinema/brothel etc near you?