Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You post Absolute Dribble.
I hope others don't fool for your rubbish !
And I quote you - "PMG well placed to take advantage of any bargains that become available".
Are you serious ?
With just 30m cash. In the O&G industry that's peanuts.
let me put that into perspective for you Neil, 30m would get you a few hours use of a drilling team to part drill a well ! lol
Unbelievable.
Scooby -doo,
I was invested in valirx and was entitled to my opinion .
Which as it happens turned out correct. I sold up and left . What's your problem ?
Oh yes , I know - I was correct and you were wrong !
Now your stalking me.
Unbelievable .
Chilling,
I think we will see $50 oil and 20p SP sooner than you think.
A few months max. This is staged. Putin has persuaded MBS to use this opportunity to "Lance the US shale boil". Let's "shaft Trump bro" . Remember last year Trump shafted MBS and opec after they made their cuts following Trumps request.
Payback time !
I'm looking down the sofa for coins and buying more. I am guessing $50 Brent before the end of this summer.
ALL THE best
The world has gone "nuts".
3/4 of the world's oil supply ain't worth getting out the ground at these prices !
This can't last long before many taps are turned off.
Then it will go the other way - boom !
Certainly an agenda here. I smell Putin ! This is just a show. Putin is the director. He whispered into MBS's ear.
What the troll Neil and his fellow trolls forget is Oil costs to get it out of the ground.
Lest we forget the cheapest out the ground from memory was SA at around $10 pb. But that's for only the ffirst 10m bpd. The world uses 100m per day.
The last 20m - I.e. the 80m to 100m part costs more than $50 to get out. The law of supply and demand by cost would state that $50 POO can't last long.
The supply side just works at $60 Brent for 100m bpd it seems.
Romaron,
Yes I agree MBS can still remember the Trump's " stab in the back" last year. I think he needs the cash though and will keep to his chosen strategy of supporting the POO.. After all they tried to break US shale before and it got them nowhere. Maybe he feels US share is not a threat now going forward anyway.
I smell a deal with Russia as they have seen today what will happen without . I'm going for a deal with Russia to cut at least 1.5m and may be a further surprise of a higher cut to 2m to give POO a good kick up.
I think Russia will agree too a large cut as MBS will ask Putin for a favour !
MBS and Suadi Arabia need the cash . Russia needs it more than it lets on too !
Watch the news tomorrow ! I see POO gap-up on Monday.
Neil,
You are advising others on their investmentsI see. You are telling potential investors what WILL happen !
You are trying to protect yourself from any legal comeback by typing IMHO.
Let me advise you . IMHO is Not officially in the English language and is certainly not (on It's own) a legal disclaimer.
Be careful sunshine
Frank ,
Yes I agree. Profit was disappointing.
I am even expecting Enquest's (ENQ) results which are released later this month to show a much higher level of profit than PMO's.
Indeed I favour ENQ going forward.
Hope this helps.
PMO 2019 results are out tomorrow and should make interesting reading. It will be interesting to see how the market responds to them in the current climate ! It May give a clue as to how our results could be received by the market later on this month.
Whenever I watch a Trump speech it always makes me laugh. Sometimes I laugh so much I almost cry. You see I believe Trump is actually very funny which is why I see him more of a stand up comedian on an open Mic day. What really makes me laugh is when he tries to be funny but is not, however because of this, it is funny. If you get my meaning.
I think he could win a 2nd term. Many Americans are true believers in him. What happens in the next 6 months will be crucial.
When we were up at the 30p level in January, it was said that we have "gaps to fill" at 21p or 23p , I can't remember exactly.
However we have NOW filled all the bloody gaps right down to 20p. Now all the gaps are filled can we please get back to our lovely rise - thank you (Mr No gaps to fill now )
Hi CJ66,
Thank you for your kind reply and information you detailed in it !
Possibly year end trading update in May and the full 2019 results are due in June.
With the positive change in market pricing for skimmed milk powder , then this could be the "trigger" for a re-rate here.
On my watchlist. All the best.
60p