Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It looks a decent company as long as they can find more work, get other projects outside of HS2
Gearing rate of 75% is still high though and I dont like the fact they raised capital either
According to the financing presentation from july 2023 at current oil levels the company should have net cash of 175 Million dollars by the end of 2025
I do wonder if that is still the same but it just shows how stupid the current market cap is
The debt and lease liabilites are scary if there is a massive downturn, £21 million in total, if companies dont pay on time, it could be a disaster.
Brent heading towards $90
Akatara is a massive step forward
My average is around the 30p mark cant imagine holding at 80P+ range
My valuation of the company is still way above these current levels, he company cant seem to get away from the mess ups from the past 2 year, only a change of management can do that imo
No but hes the cfo as well if im not mistaken which i dont understand
Surprised it hasnt
Surprised no announcement on lse
the structure is weird its as if there not inclined to report on lse
Looks like Ajit Pratap Singh has left ronald
https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3c6c56e-075a-4c6a-8dd8-c54887cc2c35.pdf
something funny going on
I've been wondering what average share price tyrus capital has shares at?
Hurricane Energy sold out at 12p a share with a value of 250 Million and they were producing 7,700 bopd while jadestone is producing on average 20,000-23,000 boe/d
https://www.proactiveinvestors.co.uk/companies/news/1009986/hurricane-energy-says-prax-takeover-was-best-of-five-offers-1009986.html
I think 60p a share is fair value for Jadestone Energy, my only problem is I dont think an acquiring company would pay for montara or stag
Is there a case to sell the company?
They have failed shareholders
The market cap doesn't reflect the true value of the company
Oil still at mid to high $70s
If not the sale of the full company what if they sold montara and stag is that feasible?
Montana and stag holding the company back
It reminds me of Enron International when Jeff Skilling realised just how bad things were “We invested $5 billion in equity to earn $90 million?
There is a good chance this is even worse Tungsten West could end up investing £100 Million for £3 Million in Revenue and not even achieve a postive gross margin
An absolute disaster maybe the only play here is if you feel a big miner takes things over
Is there a possiblity the government help fund it by taking a stake? it seems unlikely but i would take that gamble
This company has spent £60 million in equity and they haven't got an ounce of profitable tungsten out of the ground
I cant tell who is at fault here
There needs to be a deregulation of environmental legislation in the uk to make it possible for a miner or a driller to be profitable in the uk
Feel bad for long term shareholders, I was naive thinking this was a sure thing but never ended up investing due to other long term positions
I am no longer naive when it comes to these types of companies, the British government needs to help companies like this, but with labour coming in to power I can't see it happening
Looks investable if your a gambling man and can afford a small postion
you either lose your money or make 300%
Look at the 5 year chart
Rivaldo its the same stuff the company spewed out the past 5 years
Be careful only people who win here is the gupta family
There is no free cash in the company they need the money for debt and coal payments
Was sick of been lied to by this company ie solar assets debt repayments and shareholder value
my average was 7p i sold out at 11p im happy with profits
Bamboo was the nail in the coffin for a lot of LTH from what i heard
Needs to delist imo or relist in india
they dont have any free cash its tied up in paying for coal its on the presentation
buybacks are not coming till 2027 or 2029 when they refinance the debt again
they promised to be debt free last year 5 years ago but still have debt
i just wish you wouldnt constantly ramp the stock, talking *******s about 25 30 million net cash postition when they even they said they would have a net debt position on the presentation
Ronald you love ramping this company you clearly didn't watch the presentation
Debt free in 2029
No spare cash on the balance sheet cos of debt and accounts payable
They lied about selling the solar assets no one wants it
Somehow gonna use bamboo
They have no intention of selling and no buyout offers
Share buybacks and dividend not coming
20% voted against management would like to see who