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.
I think the sells are indicative of an expectation of heavily discounted placing. Yes sub 1p is very likey in my view. Best to sit this out and watch from the sidelines.
Between 14:42:20 and 14:54:23 more lumpy sells 150,000, 100,000 x 2, etc etc. Another 100,000 sell just gone through, my own opinion is these are forward selling, combined with today's RNS "Discussions are progressing well on both debt and equity financing"
Will those dumping today be buying back in sub 1p?
States in today's RNS
"Discussions are progressing well on both debt and equity financing"
They've just told everyone they are talking about how to finance the company, doesn't take much to work out the options.
Definitely a placing just wish I knew when or at what price. They'll have no choice as no cash, but after placing could be worth buying in increments.
I'll be waiting for the placement and resultant (I expect) drop in sp.
Good time to average down.
Hard to call but but if there's a placing then would expect something by end of next week. The quicker the better, as longer they'll leave it, the harder it gets as price drifts.
Get placing out of the way then roll the news imo
Down over 11% today, anyone else feel that the placing / dilution is coming soon, or is it just me?
Agree to hot to handle currently. IPO's at 4p and now sub 2p at 1.95p. Broker report states IPO money will be gone in first phase.
Today's lumpy sells of 300,00, 250,000, 150,000, 100,000 may well be, in my opinion, forward selling from the placing. What do you think?
Dilution is a certainty until or unless they say otherwise. Don't have a penny in here yet as too hot to handle. Best wait it out a bit as you say 18 months til production that's a lifetime on AIM.
EnergyPathways tweet yesterday stated
"EnergyPathways continues to engage with all relevant authorities and stakeholders as it seeks to outline its strategic vision"
It's a long and expensive way from 'outlining your strategic vision' to pumping gas out of the ground in late 2025.
Anyone else feel a lot of dilution will take place before the gas flows in late 2025?
Agree with you seen it sooo many times on AIM. Deja vu.
So Optiva Securities issues a brokers note, the same Optiva Securities that acts as a broker for Energy Pathway, so hardly independent.
£2m raised at the IPO, but gas production expected to start in LATE 2025. £2m ain't gonna last until late 2025 for both stages.
Stage 1 pre-field development will consume the £2m, stated in the Brokers note.
Stage 2 paid for via strategic industry or financial partner PLUS DEBT, so Optiva Securities, EPP's own brokers state in brokers note
Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year. Note, the debt taking 18 month to pay back FROM FIRST FLOW.
Between now and the end of 2025 this is surely going to be diluted to an inch of it's life with £53m debt funding and £21.5m second equity funding in FY24 alone. What about dilution in 2025 before the first gas flows at the earliest end of 2025??
24p near term price, lol, really folks?
Update
IPO'd at 4p, closed yesterday at 1.95p.
You got to chuckle, this is going to need £millions more before gas starts flowing in late 2025. Just wait for the next (1p??) placing, which IMHO, will be along before you know it. Noted the broker themselves are saying "Stage 1 pre-field development will consume the £2m." and "Second equity funding of £21.5m during FY24 alone."
Days here yet, lots of dillution coming.
Marvellous, keep it going please
Earl of aim,remember the song,just walk on by,wait on the corner,don't even wait on the corner.
And for AimofEarl’s next trick… The Bid Smash
Petroinvestor
real spread is much tighter like 8%
If you look at the spread then you will see buyers can't sell without losing 14%.
Petroinvestor
do you know what appraisal well means?
it's been explored first, that's the discover phase
then proved the gas amount of the that's called Appraisal
this is huge potential
4p ipo
so not many can sell Petroinvestor, my friend.
Read Rns
This is solid company with solid asset of gas in marram-gas field in the East Irish sea, near morecambe, Lancashire.
not a speculative exploration company,
marram has field appraisal done (proved gas c45Btcf
I expect traders will be selling very soon for a small profit. Newbies left holding the baby here!
First sell will walk away with more profits and last to sell will walk away with less. Don't be greedy!
Beware of people who give you stock tips with random price targets. They are likely pump-and-dumpers who are trying to offload their shares at a higher price. Newbies often fall for this scam and end up losing money.
This is solid company with solid asset of gas in marram-gas field in the East Irish sea, near morecambe, Lancashire.
not a speculative exploration company,
marram has field appraisal done (proved gas c45Btcf
Why NAV is £100m?
because Mirriad its done Appraisal, so Gas is There,
EPP has Marram-gas field in East Irish sea close to the UK,
look at the how many hurdles needs to get to Appraisal,
license, and Drill source, drill for Exploration,
then appraisal.
EPP has done all that before it got IPO
huge potential here
hence net Value Asset is £100m