Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Questa bacheca peggiora di giorno in giorno
“What would have happened if he said I intend to raise in 8 weeks?”
Exactly, he lied. Just had another listen (go to 30 mins in) and he said they have “plenty” of cash, enough to complete Heron, more drilling including Velociraptor 1 and a start on V2!!
So the cash from the raise in February must still be sloshing around.
Https://www.lse.co.uk/media/MATD/mike-buck-petro-matad-ceo-updates-london-south-east-on-velociraptor-drill-and-heron-1-land-progress.html
I think it was this one. For some reason my sound isn’t working but it was towards the end if I memory is right.
Shortshrift - watch Mike Buck’s interview from December, where he is directly asked the question “will there be any cash raises” and he says nope, we’re fully funded for the foreseeable future. 8 weeks later and well, you know the rest. Now, cash raises aren’t dreamt up and something you can do the next day. I suppose in his world 8 weeks could be long term?
Bye bye - don't know why you bothered.
The lie in December was that PM was "fully funded" & has been repeated in the statement that it is now "fully funded" until June 2024.
ShortShrift - what was your BB name before your latest reincarnation on 20 September?
If these “formalities” aren’t concluded soon then the SP could well fall back to 2p or less, at which point it’s going to be very difficult for MB to do a raise. He only managed to get the raise away in February because he pumped the price up from 1.7p to 5p+ by saying he was told in October the LP would be 1-3 months (naive) AND there was no need for a raise for the foreseeable future (lie).
Short - come back to me when you can type a comment that makes (at least) grammatical sense.
//As it is, from these posts, you all look a little stupid.//
Anyone posting here looks stupid because no one knows WTF is going on!
Maybe I missed a comma but hey ho
Short - 2 different statements - "turned 124 into 35" and "is underfunded". Not connected!
Might help if you all read the introduction at the top of the newsletter, which explains everything.
As it is, from these posts, you all look a little stupid.
//The cash invested vs Mcap has zero indication on whether a raise will be required or not. //
Who said it was? The need for a raise will arise if the cash on hand (+any future income ) is insufficient to fund salaries and ongoing operations.
Please clarify Louis10 - is it key information or not?
Many are saying on the PANR and PRD that you are Oilman Jim and that this is nothing more than promotion of a new Paid News letter (his / yours)? Your posting history suggests so.
Cash invested: £124 million
Market cap: £35 million
Management effectiveness: -72%
Social media enthusiasm: low
Upcoming events: Heron development
Fully funded for upcoming events: no
Dilutive financing in place: no
Management / brokers reputation: low
Placing likely short term: yes
Undisclosed PR: currently minimal
So - turned £124m into £35m is underfunded & likely to do a raise. As predicted!
Https://companies.substack.com/p/panr-updated-prd-updated-matd-and
The key information it says.
The Prime Minister will have a meeting with the Easterners tomorrow.
Well, it's beautiful, it's great.
Tamam 50 km, Bulgan 27 km, renovation of Choibalsan's clean water engineering network, inner city roads, Petro China, Xin Xin, Milange, Step Gold, thousands of horses of rich and wealthy people without borders, conditions of cross-border travel, health sector capacity. I will tell you my point of view and criticism
Representative of the provincial assembly
Maybe doc could be seen as the most accurate ramper!!!!! Shame on you 😱
Well another week comes and goes. One left for September, it’s looking like I was a bit too optimistic with my September prediction and am in danger of falling into the “rampers” bucket!
I still think this will come good. But when? Hopefully before we run out of money and get diluted any further.
Hopefully price should start upwards next week. MB should make sure paperwork is done before he does the mining ministry a favour .
He would have to be a fool to do this conference without getting the LP.
Couldn't buy many shares this afternoon. wanted around 100k . whould only let me buy 15k at a time.
bought 3 lots of 15k but then it wouldn't let me even buy 15k shares. looks like nobody is selling?
I don't call listening to MB drone on much of a holiday!
Let's all chip in and send BP ! He needs a holiday
The weather often deters me from outdoor activity. So I ply my trade here.