Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Is Looed the “Mr Bates” of Frontera? 😀
My view, as a registered auditor, is that the FS are not being signed off due to "going concern" issues. The company is clearly strapped for cash and needs a funding source to continue trading as a solvent entity. As and (only) when this is achieved the FS should should be signed off.
Delays and missed deadlines are always frustrating but we are in Africa and rarely do contract negotiations complete in a few months. I have had contracts in Africa and the Middle East take up to 12months to sign off, which in the Western world wound be finished in a couple months. Patience is a virtue and I am certain this company will deliver in due course. GLA