Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Not having a dig at you CM but what are you hoping for? Do you see this going up by 200-300% when (if) a deal is done? That is what will be needed for many to get their money back. If this goes up 100% I hope nobody says 'told you it would come good' as a 100% rise from here will be considered a disaster by many.
I contacted him last year and told him that there was growing concern among investors. He totally refused to accept it and openly said that he was more concerned about getting new investors rather than giving value to present investors. Well he got his new investor and the SP has continued to fall. Nothing less than a 200% rise from here would give PC any credibility with me.
A name change usually indicates that a company wants to hide it's unsuccessful past and this seems to be no different. So may promises and so little achieved. So here is to a more successful future, I would like to get some of my money back.
The last time we got 'funded' we were at .28p. What happened to all that money? Seems to have gotten us nowhere fast and we ended up having to get more funding. All it seems to be doing is paying wages whilst companies wait for us to go under. I hope I am very wrong but a del should not have taken this long.
Unfortunately the last paragraph sums it all up. 'The future looks bright'. People have been saying this for a long time now whilst the SP has continued to fall rapidly, today looks like being no exception. Already a miserable xmas for SRES shareholders and it doesn't look like being a very happy New Year either looking at the SP. Just get the bloody deal done. Nothing less than a 200% rise from here is acceptable.
Just looking at the previous RNS which seems to show a lot of things happening:-
· Focus continues on development of the fully mine permitted CS natural pozzolan and perlite deposit in Nevada.
· Discussions held with multiple parties
Board is working on strategies
· CS Natural Pozzolan has now been conditionally approved
· Industry feedback continues to highlight the use of natural pozzolan
· Customer testing continues
· Targeting distinct regional markets
Collaborative arrangement with an existing processor of natural pozzolan
Option to Purchase granted to US subsidiary of Spanish company Tolsa S.A.
· Sepiolite, an industrial mineral, has unique characteristics, is scarce, with very few commercial deposits in the world.
But is any money being brought in to keep us alive for another year? $50,000 might be a nice xmas present for PC but does very little for shareholders. People keep saying be patient but is not 12 years of waiting being patient enough????
Well I said yesterday that I thought we would not get a sale by the 28th Dec deadline. It probably woke PC up who had probably forgotten all about it. So another year? Will we be able to survive that long? Merry Xmas to one and all except the BOD