Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
They've not burnt any cash since April, they've actually added. Cash has gone from £13.4m 30/04/22 to £17.1m now.
Pretty sure they don't. Either way, a valuation of £2m above their cash in bank when they are running at break-even is a stunning valuation even in this market.
Not exactly a big trading volume though
That's kinda the story with the retail sector, the bounce could be a long time coming, so what's the rush when the risk/reward is unbalanced
Looking at the valuation, the market has long priced this in. Then again, in this market .....
GB promised (.........) a market update around now for likely total year sales based on delivery fulfilment to year end.
There's also a long overdue announcement of the status at Fermoy which was supposed to be banging out over 200 PDXs since early spring, then he stated should be up and running by mid-August.
I think I can hear hoof-beats....
The non-flaring is simply part of their ESG commitment.
Strange for an oil company but hey ho.
The Chain, nope, I'm wondering if it's a possibility as a shorter term solution. We know they can truck oil, is it possible for Gas too over short distances?
Longer term, if the field is as successful as we hope I can imagine pipelines linking everything.
Ezhik if you look back at the May 22 presentation you'll see that 16-2 is over 5 miles from 36-2 and de facto the new possible pipeline tie in. It also looks to be on the other side of a ridge so a link would look unlikely to 16-2.
I wonder if trucking Gas to a new 'terminal' would be a possibility under consideration?
"should relabel it a financial black hole"
Have they burnt through £100m like you did?
"PPS. £18m sales looks more manageable but it would appear that MW now has the capacity to manufacture and deliver more than c£9m orders in H2 if additional orders can be bagged with enough time to deliver in H2. It will be interesting to see whether they can bag a few more of those £1m+ orders before the end of Q3 (early October at the latest I would hazard) to drive potential FY sales even higher. We will also want to start building a big pipeline of orders for next year."
With Fermoy due to get up and running mid-August (most recent interview) DVRG will finally get its manufacturing capability up to speed (albeit months behind initial schedule). If we can get up to the much vaunted 200 PDs a month by year end, 2023 will be very interesting indeed.
Is it time for the Institutional buying to begin ?
"Therefore we are expecting £23.8m to £26.4m."
And that's why Modern Water went down the pan during Muggins' time!
10% of £24m gives a range of £21.6 to £26.4m.
Rithmatic muggins, rithmatic ??????
Paul, agreeing with the sentiment of muggins is somewhat self-destructive no matter what he comes up with.
He's part of the failed management of Modern Water and is acting like a jealous ex boyfriend, determined that no one else will succeed with his former 'lover'.
He'd much rather see it die than prosper.
Dear oh dear!
3 year on, nearly 900 posts solely about DVRG and muggins is still posting here with all his bitterness.
One day he'll realise that if MW was run well in the first place it would never have been taken over!
Argylerich........!
re-"mortgaging the entire business"..... no matter the interest rate on that, muggins lost his shirt.........!
And that's why he's still here Chesh, bitter about his own screw ups that failed to market and sell a brilliant load of MW tech which ended in them being taken over by GB.
He's the last person that can moan about loses to investors. He wiped his out completely!
Muggins you are the last person who can talk about going to the market to borrow. You were part of the Modern Water team that spunked £100m of investors money then had to go back to them with 4 or was it 5 fundraises?
Oh you did manage to borrow a paltry £500k from Barclays by mortgaging the entire business though didn't you? What was the interest rate on that??
Below is a hacked copy of Evan's email:
"Oi Colin, Sort the pipeline right now so I can make money and move on.
Love Evan
Dear Evan,
It's not all about you darling.
Love Colin"
drst you have clearly only been hearing what you want to hear and that's down to you.
I have it clear from what CH has been saying that the work on the pipeline will only start on 2023 and he has certainly NEVER mentioned a completion date! How can he? It's not his company.