Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You are very unlikely to see any on-market buying of shares by directors as most of them have loads of options ranging from 4.5p to 12.5p which have had their expiry dates extended a few times and now expire at the end of this year. Hardly a sign of director confidence when they kept putting off buying shares even at 4.5p.
I'm still holding but don't share the confidence of some posters. Like others, I'll believe it when I see some hard numbers.
Been a holder of shares since 2018 and in that time they've gone virtually nowhere. Turnover has increased marginally from £8.8m to £9.2m but that hasn't turned into profit, in fact losses are increasing. As a previous poster stated, it's just enough to keep paying the BOD. All us shareholders get is promises of jam tomorrow and excuses when it doesn't materialise.
So I've voted against the re-election of the 3 directors up for re-election this time, and also against accepting the annual accounts, which includes the directors renumeration report (they daren't offer this as a seperate item on the agenda as they'd be scared of the result). Don't expect any of the resolutions to fail but a significant against vote would give them a good kick up the backside. So I urge all you shareholders who are similarly disenchanted with the lack of progress to do likewise. It's our company, we have a right to expect better than this.
Yeah, nice solid results and good progress. Looking forward to the webcast tomorrow to get a bit more detail. Playerone1, if you see an updated Edison research note from these results, could you post a link. Really appreciated the last one.
That's a bit better. Bought some more at 36.94. Fingers crossed it turns out to be a good move. Not too worried about the short term, it's too unpredictable, especially now. But this looks good value to me with a medium to long term perspective.
Of course, I've been wrong many times before.
Another 1m accounted for - Canaccord Genuity.
One seller could be Oryx International Growth Fund. They've been reducing their holding all year, from 9.75m in February to 5m by June. Be nice if they've finally sold out as them being a big seller would probably have been a drag on the share price.
Having said that, I'm not currently a holder but watching very closely.