Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I may not be as experienced as some on here but im not to worried about possible cash raise, its not as if we have 20 billion shares out there, in my time in shares ive seen people funding wild cat drills with just the hope of hitting oil, here we, ve already found tons of the stuff, also ive heard management makes huge difference to investors, i think the adding of david hobbs and the drilling guy adds immensely to the team, im very happy sitting here waiting for the end game
Im hoping they have enough money left eg. 5Million to test the SMD vertically before any raise, if that was successful we would have an easier time with a raise or farm out plus even more data
I'm here for the long game which is being bought out, I would be surprised if that was 5 yrs but anything is possible, sentiment can change in the blink of an eye as we've seen, if we prove up more oil and when the data room opens I'm hoping we see a lot of interest, I don't listen to some on here but I do listen to people like energy hobbs, if he thinks it's worth his time my confidence is high for very good short to medium term gains
Scott is like marmite you or hate him I've never heard him ramp anything I didn't also believe myself, I'm big enough to look after my own money and old enough to have seen w##kers like Louis appear on these boards, difference is Scott will be here in good times and bad and the Louis's will dissappear like smoke if the price rises, patience please
Wish I had more free funds to top up, to me raising money not a problem, it's not like we have 18 billion shares in the company, and I've seen the fear mongers before, if I thought a company was so bad I wouldn't be on there chat boards, I'd be somewhere else where my money was, time for patience not panic
Not great news but not the worst, been around oil stocks long enough not to panic, I'm still in for long term and will see what January brings, remember my holdings in emerald energy going from pounds to pennies then eventually getting bought out for £7.50, patience