Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
All credit to Scott for ‘steadying the ship’ with an objective summary of *facts* when nerves are tested by the absence of news and the forceful, and apparently, co-ordinated (but certainly uninformed) short attack.
I have a significant holding in Pantheon, and I remain confident in the fundamental integrity of the BoD, the credibility of their geology (and third party endorsements), and the expertise of their ops team.
We should perhaps remind ourselves that the fundamentals haven’t changed (and, indeed, have arguably improved) since the SP was nudging 150p.
IMO, a time for strong nerves and patience.
IMO The Peel Hunt broker note started the rot, and whilst containing inaccuracies, it served to seriously shake the confidence of nervous holders - and gave the SP manipulators a solid base on which to attack the investment case (which, for me, as a LTH hasn’t diminished). The directors’ unbelievably ill timed share sale did the rest. Not long now before the first major milestone is revealed.
The FUD brigade are having a field day at the mo, capitalising on (and profiting from?) the understandable nervousness at the short delay in an announcement. But we must remind ourselves that the fundamentals have not changed - and a significant number of respected industry specialists remain long on the stock.
My thoughts, for what they're worth, are that a significant % of the shareholding is, apparently, in the hands of PIS (Michael Spencer & Lord Brown notwithstanding). That being the case, and in the absence of any TR1s to the contrary, a low ball predator might struggle to build a sufficiently strong position.
Teddybear777 - to publicly challenge PH would, IMO, only start a war of words that would give the narrative more mileage and offer a golden opportunity to the unscrupulous and malevolent to pile in and give the share good kicking.
Glaring factual errors in the Broker Note, that have been highlighted here and elsewhere.
Best to let it all blow over (as it will, IMO, without gifting it the oxygen of debate).
I fully agree with Ice. FWIW, my opinion is that Charlotte and Pro are engaged in cynically attempting to manipulate the SP to support their trading strategies.
I support genuine debate but, sadly, these individuals' trolling discourages valuable contributions from worthwhile posters.
From FelixH on Discord (with permission):
"Spoke to a guy who is among the original GBPO investors. He said that Farallon is at par at 27p (Remember: Farallon's mandate as a credit fund does not allow it to hold equity, which stems from the debt to equity swap)."
Rabito,
You are perfectly right to correct the misleading assertion that eSeis "are owed 2.7 million dollars in fees are ended up accepting a royalty fee" (which has ditinctly negative connotations). There is a world of difference between accepting a royalty to settle a debt, and voluntarily requesting to be paid in shares/royalty, in place of fees (which was, in fact, the case and has significant positive connotations). I am happy to confirm that the point was confirmed by Bob Rosenthal during January’s Presentation.
Thank you for clarifying.
As a LTH, here's my two penneth, for what it's worth.
A majority of shares would appear to be held in safe hands, who fully realise the value of the asset and are invested for the long haul. So we just need PIs to hold their nerve and not be spooked by posts generated by individuals / organisations with questionable private agendas.
We have a world class asset here. All the fundamentals are in place for a once in a lifetime multi bagger - and IMO for potentially staggering returns for PIs who hold fast and keep the faith. GLA
GG: I hope your current health concerns are not symptomatic of a more serious condition and that you quickly recover. I also hope that, 'ere long we can share a virtual (healthy!) glass of something sparkling and refreshing, as we bask in the profuse riches generated by our shared epic Pantheon journey.