Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Got to admit Safe that when the placing at .28p was made we were flying and it was not really necessary. I saw it as shares were being given at a 'discount' rate to his mates and invested. It was like throwing the anchor out of the boat as it stopped our progress dead in the water. I only invested a little but if I was a big investor I would be well displeased.
I have now read numerous RNS updates over the last 10-12 years all stating that ' progress is being made' 'we continue with our development' whilst the SP has fallen over 95%. Can anyone explain to me how this is progress ( preferably someone on the BOD).
So if they are expecting good profit at .2p it will probably be worth buying a few more then. About time this started moving up.
It looks like good news but it is just saying, yet again, that we have ongoing discussions. It is time that a deal was done and we all benefitted from it. Holding on but this is taking far too much time. Expect another RNS in six months probably saying the same???
Still don't really understand this. I have done a calculation on the AV website for now and after all is complete and there is not a penny difference. Give with one hand and take with the other. So what has happened to the billions that the shareholders should benefit from?
If there was a placing at about .17p I would buy as many as I can but unfortunately opportunities like that are very rarely put to PIs. Look after your mates seems to be the policy of many AIM companies.
The RNS says ' we are pleased' twice. Well I am bloody fuming over the fall in SP.
Over the years I have heard people say that Solo / Scirocco has enough oil with UKOG to pay for Brexit, enough helium with Helium 1 to float the USA off the planet and enough gas in Tanzania. There is no doubt that assets have been described as being excellent yet we have never been valued more than the price of a Country Manor. Not sure what the BOD pay themselves for being complete failures but I remember NR getting £150,000 some years ago. The only good thing now is that a few years ago a 9% drop would have cost me hundreds of pounds now just the price of a meal. Have to laugh or you would cry. As you say there can be very few AIM companies run as badly as this one over the last 10 years.
Always 'ongoing' nothing ever done. Good summary in their own words.
Got really excited when I saw the red dot but when the first sentence did not say ' We are pleased to say' my heart sank. Sank further as I read through the whole RNS. Shambles. Hope SP doesn't fall too far today.