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.
Risk reward is good at 3p
I think 3p for the time is will go to patience required
All the T/A shows this is about to move up, possibly rapidly. (Pump) AiM is a game of if's and but's. Happy days.
No reason mate it's a good stock I moved my money in to Ukog for a bit
I'd be interested to know your reasons for selling if you'd care to share assuming it's GPX-related. If you sold for other reasons than simply banking a profit then please accept my apologies for intruding. GPX is my PF's Top Performer today and I'm hoping it has much further to go. I was interested to read today that 25% of US oil refining capacity is out of action due to flooding and the US is actually importing unleaded petrol. Makes me wonder if only one or two unexpected events would send the oil price over $100 again.
I sold I am out good luck guys
Lol.
Come on. Let's see 2p again.
Gulfsands Petroleum I was fortunate to meet up with John Bell last week as I have been trying to catch up with him for a while and to see how things are progressing at Gulfsands Petroleum (GPX). Readers will know that historically I have had my issues with the company but with some light appearing at the end of the Syrian tunnel and a strong management style for Mr Bell it is worth reappraising. GPX is strongly supported by three major shareholders who have backed Mr Bell to focus on capital efficiency whilst managing down the remaining non-core assets and protecting and preserving its core asset, block 26 in North East Syria. Morocco is a non-core asset and the company is looking for a partner on Moulay Bouchta and is in regular contact with the Office National des Hydrocarbures et des Mines, Morocco's national bureau of petroleum and mines. Should no progress be made, expect to see the company exiting the country. Tunisia is already in the exit process, the branch office has closed and all will be done and dusted there in short order. GPX has two licences in Colombia, Llanos 50 and Putumayo 14. The former has been extended by 18 months to May 2018 and work has commenced on the seismic MMA and the exploration drilling EIA environmental work. In the latter, the company has commenced on the Consulta Previa for the social and community engagement in the area. GPX is clearly a Middle East and North Africa-centric company and assets in Latin America are not a strategic fit. However, the company is prepared to fund early stage operations in preparation for bringing in a partner, which it is actively seeking. Having assessed the non-core assets, it is worth looking at the original jewel in the crown, block 26 in North East Syria, at present under force majeure as a result of EU sanctions but where the assets are in good order and materially undamaged. Obviously GPX remains committed to full compliance with the sanctions but is "focused and maintains its readiness to resume operational activities once sanctions are lifted". Production carries on at block 26 without GPX participation and apparently can still do 15-20,000 barrels per day, which does appear to demonstrate good reservoir quality and operational integrity. I understand that the area is safe and has had few disruptions without ISIS or other extremists in the area. Financially, costs at the company have come down significantly and the balance sheet has been tidied up. Cash burn fell from $8.7 million (£6.7 million) in 2015 to less than $5 million in 2016 and continues to be a key focus for management as is expected to be shown by further reductions in the next results, interims due in September. There is little doubt, if ever there was any, that Gulfsands should be considered the purest of Syrian plays for investors when the current conflict ends. With sizeable backing and good-quality management dedicated to managing down non-cor
We've had a spike, maybe a half penny down then the next rush up. Roller coaster.
Am sitting in Germany in vectory hotel a spa resort relaxing and enjoying the ride of Gpx .
Buy 6.64p Sell 6.62p The spread is wider on trading account GPX Bid:6p Offer:6.75p Change:1.495
Nice to see it's on the move again think it's been on a lot of pi's radar for some time people waiting to see what's happening in Syria.. now that people are moving back and rebuilding it is looking like it won't be long before sanctions are lifted...
For any believers
100K! nice! Thanks for the reply....I plan to keep hold for a while! cheers
I would say needs to brake 7p to start the next leg up I also holding from 3p did make a 100k inDecember last year .would like to see that again paid for a few holidays though .I would say to hold and leaving alone
What is your target price here Shuija? I've been holding from about 3p and missed selling at 9 or 10p a few months back.
Good point to buy its at its low
Seems like it is. KENV moving up after their lowly 6p issue, if anyone's looking for a home for their GPX funds.
Is that it for today?
I try to add here in the 4s, seems to be where it settles before spiking
RSI strengthening again.
In my opinion, this company is definitely worth a gamble in the 4s and 5s. Even if it's just to ride the spikes that occur periodically. Not sure what the buyer would know of significance that journalists don't
Couldn't agree more.....be cautious here if not already in. Easy to get spiked!!
Two large buys went through yesterday before close. Maybe they know something.