Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Absolute rubbish. The board might very well be in a closed period.
If they are they shouldn't be giving out information to people who phone up.
The only reliable information we can go on is what directors have said openly in the past. And time after time after time they've failed to meet their targets.
I agree to a certain extent, but the tangible progress always seems to be a lot slower than indicated..
Gen3 was going to launch first half of CY 2023 at the town hall meeting. A month later it was put back to just CY2023. Then in October it was going to be launched at CES with deliveries expected from March/April.
A similar story with the aviation license deal. We finally got it over the line, a lot later than indicated and we're still waiting for a first big order that was mooted in the Italian job. In fact they now are only expecting $5m of revenue for the division in 2026.
Same with automotive, we seem to be waiting forever for the promised pipeline to be converted into contracts.
I still think we'll get some really big ones in the mirror, but it is taking a frustratingly long time.
I believe in the company. However they are not very good at sticking to stated timelines so until contracts are signed and launches announced there will always be some trepidation.
Paul was pretty much mocking Smarteye as a competitor (I think in the Italian job video) as their market cap was 40% of ours. It's currently about the same and they've announced significantly more wins over the last year or so.
I still think SEE will be the better investment, but we really need to start showing it with a successful gen3 launch and some more oem contract wins.
Guardian gen3 has been postponed already it's one of the main growth opportunities for the company imo.
They've mentioned it will be launched at CES so would have expected a mention in their preview of the event.
Fingers crossed we get something on it in the next few days.
Yes Jurisdiction is a lot better at Phoenix and that along with the resource is why I'm invested.
Communication has been appaling over the last 2 years though and I'm just pointing out that Paul shouldn't disparage other companies poor communications when PXC are just as bad imo.
As for the £3 party I'm not bothered about not being invited. I'm actually hoping for £5 plus over the next 3 to 5 years, but it all hinges on financing.
Hypocritical much?
https://twitter.com/DonaldPond6/status/1736779631951274005?t=amDR0su8Cjbh8bAAfKVO-Q&s=19
Because for their investors having enough cash to see them through to break even was a concern.
That concern is largely derisked with the credit facility. (BTW we have a credit facility too, which is much larger, via Magna).
For us a $15 million contract not starting for another 2 years and then spread over about 7 years is hardly going to move the dial.
Any reason why you think their announcement is less positive than ours?
It's a similar annual change (theirs is ours is units).
We had a relatively small win. They announced a small credit facility that derisks their shares to some degree.
Long term I think SEE is by far the better bet, but on those 2 announcements alone I wouldn't say ours was better.
Net sales for the Automotive business area (Automotive Solutions and Fleet & Aftermarket) during the third quarter was SEK 24.0 million, compared with SEK 13.1 million in the third quarter of the previous year. Revenue is driven by higher activity in development projects referring to our design wins and increased sales of our fleet aftermarket product.
The wording doesn't suggest a huge increase in cars on road.