Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Guys (and girls) quick question - how’s the financial position? We’ve seen a big rise in recent weeks (Nov through to now) is anything priced in do we think?
The future potentially looks really bright but I’m scratching my head trying to answer the above and keen for some input from here.
Lovely chunky 3m trade popped up after hours
TRP hold 50% in the Algoat Gamtoos block in South Africa in the Outeniqua Basin. Today Total announced a very large discovery, pre-drill above 500 mmboe, in the same basin and play. Africa Energy Corp listed in Stockholm who holds 5% interest in the Total block added $33m in mcap on today news ($660m for the whole block). TRP mcap only £5.5m.
Well just checking in and catching up on the weekend gossip. When the trolls are out to play that's generally a good indicator we're going the right way
Caveat - I do appreciate frustrated holders who have been left waiting. . . .
Great to see BD260 on the move, will be a few days into the journey by the time Zenith present at oil capital conference on 31st. I’ve asked the question about time frames to reach site. . .
Owning key drilling kit and equipment is brilliant, little to no reliance on 3rd party operators, we can just get on and drill and although it has cost initially we will realise the rewards as the drilling progresses and the balance sheet stays tight
https://twitter.com/andrewscotttv/status/1084145737355661312?s=21
Link to Andrew Scott’s twitter feed, Andrea’s interview with him is up and live from Monday morning
I’ve asked them to explain in simple terms today’s news which should be seen as a positive - utilising the Co’s independent formal credit rating to secure non dilutive Finance.
I’ve also asked for an updated drill plan which I hope they will produce over coming weeks to follow the tender and award process. Investors like dates, depths to target zones, comparisons to near by and historic data and also pretty pictures
AJ don’t be daft lol, the chart is choosing a direction because people are buying, they are buying on anticipation of news, it is having a direct influence on the chart. If people weren’t buying we’d be trading flat, if the selling pressure were heavier than buying we would trade down. What I’m saying which most should understand is that there is a potential based on common chart indicators and patterns for us to move higher, as the caveat says do your own research though as I’m no expert. Hope this helps
Had a good catch up with a friend this evening. DYOR but chart suggests an upward trend several patterns formed / forming which are very encouraging, several positive indicators. It wants to get back in previous trading range of around 4p at a minimum, gap up at 4.85 area, is looking over bought but in an upward trend that doesn’t mean it won’t continue and we have buyers hoovering the stock up. Limited free float helping, keeping an eye out for a (Elliot) wave pattern. Which could push us back toward 7p area. Will be dictated by news flow as well. Really interesting looking at it though, confidence grown.
Please look for yourself though, this is just mine and a friend (a much more accomplished chartists than me) interpretation.