Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Clutching at straws springs to mind…some of you are so desperate it’s starting to look like delusion…
I’ll tell you what else happened 4 years ago…Eua entered this joke of an asset sales process…still haven’t delivered on anything sales wise in 4 years…sp down 95%…best bod on aim!
IKN…respectfully it appears you are as stupid as you come across..
What on earth does a full “company” sale have to do with anything…considering you are so mouthy to other posters on here you aren’t exactly very bright when it comes to discussing the state of affairs with EUA…
IKN missing the point as per usual…
Everyone is selling assets at a discount to their SP…so what makes you think that the EUA bod ( who run out of money in 2 months) will be able to negotiate a deal that is many multiples of the SP…?
Find me any company out of the 1000 that has been able to do this????
Nelson…it’s not going to get sold for 1bn end of…find me any company that sold its assets in Russia for 15 times its current share price…if you can find that information then I’ll gladly apologise to all on this forum that I am indeed incorrect…
Spoiler…you won’t find one.
IKN could you please highlight where this only applies to companies closing down and running from the country?…likely not as you’ve made it up…
Here’s another article to help with your research…
https://www.reuters.com/markets/europe/moscow-demands-bigger-discounts-foreign-companies-exiting-russia-sources-2023-08-25/
Notice the term “all deals”
“Moscow already demands a 50% discount on all foreign deals after consultants selected by the Russian government have valued the business.
Russia also requires a contribution to the Russian budget of at least 10% of the price.
But three people familiar with the exit process for foreign companies said that some deals are facing demands for additional discounts before the government gives a green light.”
Think it’s fairly clear to everyone that 1. You can’t read… or 2. You’re too stupid to understand what it means…
The fact IKN and the rest have no idea that sales are subject to AT LEAST a discount of 50% speaks volumes about their knowledge of this business…this has been discussed in depth on several occasions…it’s not a brand new development…
IKN suggest you and your pals get swotting up…you’ve got a lot to learn…
You’re right IKN…my mistake…it’s actually a minimum of 50% reduction so thanks for bringing that up…
https://www.reuters.com/business/russia-outlines-plan-unfriendly-investors-sell-up-half-price-2022-12-30/
Richard..you are smoking grass mate!!!!
All sales are subject to a 50% haircut as per the Kremlins communication….so you are seriously trying to suggest that someone will pay £20billion for this in the middle of a war!!!!
Lay off the grass pal….