Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
just installed a new draw below the bottom draw.... the EUZ draw!!! ffs
Yes, 3 taps on the back pocket!!! :-)
Xerxes, not fading away.... it is a distant memory!!!!!
getting at .... if I were one of these contractors and LC offered me shares in payment.... Nahhh... rather give me the cash!!!!
Jax05, I wonder if these contractors know that these shares are worthless!!!!
Morning all, my 2 cents. I would like to make a few point and would appreciate comment if I am totally wrong or not.
1. a few RNS's back all was still good regarding funds to get the drilling done and the necessary documents regarding the outcome and results of the drilling program.
2. out of the blue this RNS is dropped on us without any indication of the intention of raising more funds.
3. would it not have been more prudent to go to the current shareholders and lay the cards on the table and say what the current situation is and more funds are needed for specifically this and that and the other.
4. ... and you as current holders should have first option to take up more shares to raise these funds.
5. what we currently have is : we have basically been diluted by nearly 50% . There is no indication what the funds are for... the points mentioned in the RNS what the funds are for is a bunch of bla bla bla... I would have assumed any funds that where needed as this point is to get the drilling and all the studies and results to a point that we have something to work with. But, to raise funds for "Pursuing and assessing appropriate additional projects and potential transaction
opportunities" does not make sense if we do not even have a result on the basic project that was started... How aboout getting the current project over the line. Up to now the only thing about Toral that we know is that it has been drilled to a sieve!!!
things just don't make sense... my only hope is .... the II's that forked out the 1,5 mil would not have done it if there wasn't something in the making... I just don't know what to think of this business.... Please help!!! anybody!!!
CF, ha ha ha .... "Time would be better spent reading up on English and grammar , just a suggestion." i think we must excuse him today..... his blood pressure must be hitting the roof... I can even see the veins on his forehead bulging in anger!!! @308 fwiw, I feel the same. But, it is what is. We will just have to sit this one out... and hope!!!
Last thought for the day :-). Like my farther used to say of a good sheriff , after reading all the Louis L'Amour cowboy books.... draw fast, take good aim, but ultimately... actually pull the trigger. So, LC, you have made a fast draw(moving from coal to cleaner energy), you have taken good aim(all the partnerships and projects), but it is now time that you pull the trigger.... or hand in your badge!!!! GLA. we hope!!!!!
Mailgirl1, thanks for your response. I was having doubt that I missed something in class., but I feel much better now. The next question is -- how much info should be passed on from the leader/s of a company to the shareholders regarding vision and strategy. How much should be in the open and how much should be a secret, because understandably some plans/strategies should/will be kept close to your chest (like in poker). But on the other hand, how do you keep the confidence of shareholders to keep their money invested in the vision/strategy without laying your cards on the table. I suppose that is the difference between good leaders and bad leaders. But in the end the leader should be held accountable for the execution of the plans. I also hold a relatively small holding (not so small in relation to my total portfolio). I hold it because my feeling is that we need energy and going forward we will need more and more. The vision of Kibo when I started to invest was to develop power generation. Although I must admit that the mistake, I made was to invest in a company that was trying to do development in Africa and when I realized I should exit, up came the development in the UK. So, I thought I will hang on a bit longer because the execution possibilities looked better. Then just as I started thinking about exiting again because the shovel ready project seemed to not have a shovel or something to shovel, up came the waste to energy in South Africa. This again seemed like a good project because if you are looking for a lot of waste... come to South Africa... anyway, like some people say... more jam tomorrow.... I guess I am a sucker for jam :-). Having said that, somewhere a line should be drawn in the sand for the leadership to commit to something. Having all the strategic partners but not using them to their full potential .... those type of partners I call friends.
Question for anyone on the BB .... what is the difference between a company's vision and a strategy and if there is a diff.... what would/should/is the timeline of each regarding general business practice??? For me a strategy is just a brain storm on paper if there is no execution plan/s and execution plan/s usually have specific timelines and outcomes.... or am I totally wrong in my thoughts??
BricksSA, you are making me so exited, I think I need a double dose of Ritalin!! :-)
MM, its's a code!!! ask Antharry!! :-)
Trader , I also feel like you.... just too deep in to get out. This share is like watching paint dry.... but I get the feeling after watching for quite a long time that we might just find out that the wall was not even painted!!!