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.
You are a better man than I Dalesman if you can maintain patience. The time taken to get the audit done and the share relisted is just a testament to how inept the Management are. What's especially galling is that this isn't the normal speculative gold discovery play . They have the gold and should be throwing cash off the mining operations!........Places hand on forehead :) GLALTH
Still waiting patiently here.
Hopefully sometime soon it will start moving again.
The occasional communication wouldn't go amiss.
Come on fella ' tell us what's going on
All, shouldn't things start happening this coming fortnight like Audited Accounts filed, External Finance solidified, Suspension Reversed ?
Probably best not to expect too much from the company,
The October RNS mine plan indicated 1365 oz per month production after the expansion. Which is over 30% more than Goldplat's plan.
If you were the lending company and you looked through the financials and production since the company was formed, it would be doubtful whether you would lend to any company teetering on bankruptcy.
RM can say whatever he wants but can't escape the audited financials, if the company is to remain listed.
Agreed, hindsight and the trail of comments doesn't look favourable for Robbie, I have a large number of shares and will decide how/when they come back.
If they come back with a good update , governance issues sorted and funding then I will continue to hold but with extreme caution, at this stage I have zero trust in the board and hope any funder will place their own team here to give down credibility
If it's another scrappy entry with no progress I will move on, ultimately at this stage the important thing is we get relisted then we all have the choice .
@bebeto there’s been a lot said from Robbie McRae like the “figures on my computer ready to be released” , also in November when we got suspended that the operation figures would be released the next week, still no sign, when the share price tumbled from OCIM pulling the plug he mentioned about buying more shares… still no sign.
When this gets relisted what’s everyone’s views with the current gold price, selling up or gonna see what’s lurking round the corner?
=RAND()
Apparently they have the numbers on RM's computer and they are just finalising them....
After expansion program they might be doing a bit of raking lol
Yep, if you cannot make it work at these prices it was never going to work .
Been updating their website today with new colours and changes to the layout
Gold approaching $2300. We need to get relisted and raking in the money.
I have just got a bit of frustration off my chest by emailing the company. No ranting just asking whats happening. Emailed before and got no reply so I dont expect any reply this time, but maybe miracles do happen.
RM has been working night & day for months to this back listed.
lol this is an absolute joke, surprised not more investors are saying so.
Interesting, I've got their additional spending average per month since suspension at $388k.
So, the latest fundraising should last until sometime inJune, if they continue to spend at the same rate above operational cash flow.
We won’t, if we are still waiting for accounts when the next ones are due then the company will almost certainly have been struck off.
Needs closure, soon.
Unless its part of a mattress JC lol.
At this rate we will be due the next set of accounts. Lets hope they have been working on those too lol
If you are sitting on a coiled spring it can be very uncomfortable.
ATB
Apron, we have a reasonable handle on the likelihood of the audited results as the gold production / sales is already published.
The high-grade material was mostly used up by the end of June to inflate the production figures.
It's the interims July to December that will contain the most worrying figures and RM knows this, so he has to come up with something to counter the pending bad news.
Let's see what happens.
@Bebeto I just hope GCAT pull their collective finger out and get this resolved. Having gold at ATH and this share suspended is just bonkers
ATB APR
I said all along they wouldn't get the prospectus without publishing the accounts and it looks like the FCA has now included the interims.
I made contact with the FCA months ago and yesterday's RNS confirmed what they said to me.
'To finalize the prospectus will require the publication of the audited accounts of the Company for the year ended 30 June 2023 and the unaudited interim results for the six months ended 31 December 2023'
And this is the only positive I take away as a shareholder at the moment, the fact someone is aware of what is going on and willing to lend them a substantial amount of cash, especially as the shares cannot be issued until the accounts and prospectus is issued .
Sadly , none of really know what's going on until we get another update .
First step is for them to get back on the market, we can then all make the relevant decision in whether to sell up or stick around .
Didn't realise the payments started yesterday as interactive investor's news content didn't give that detail.
But it's shocking that £46,800 (6%) is being handed to a NED's firm for the introduction of the investors and saying WE Shareholders think it's fair per the RNS.
How really 'dirty' is the BOD of this company, I guess we'll find out in time, but the Prospectus and A/Cs have to be finished by the 5th receipt of £156k in Apr2024 anyway.
Well they have to complete the Prospectus for the FCA and before that have to complete, publish and file the A/Cs both before these extra dilutive shares and options are issued !! So stop dithering Robbie and get them finished before Caracal has no money or gold left !!
Well this should keep the lights on whilst the resolve the massively overdue accounts to end Jun-23 and interims to end Dec-23 plus resolve the Prospectus with the FCA. It is beyond me how someone is willing to invest £780k with the shares suspended or indeed how that is possible as the prospectus is outstanding so (theoretically) shares cannot be issued or traded ... but I am glad they did as heavy dilution is much more preferable than GCAT going bust and Pis losing 100%.
ATB APR
xxxxxxxx
The Company has raised £780,000 by way of a Subscription ("Subscription"), through the issue of 260,000,000 new Ordinary Shares of £0.001 in the Company ("Subscription Shares") at a price of £0.003 per Subscription Share.
The funds of the subscription will be paid in five equal instalments of £156,000 and the Company will issue 260,000,000 new Ordinary Shares upon completion of the final instalment
The subscribers from the Subscription will be issued with one warrant ("Warrants") for every new Subscription Share subscribed for, with an exercise price of £0.0042 per Warrant. The Warrants will expire in three years from Admission of the Subscription Shares to trading.
The funds will be used for working capital by the Company and its subsidiaries.
Just another example of management bleeding the companies finances while they likely also steal gold from the smelting room. Probably just talking to paid bulletin board posters from China anyway.......