Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Seen this at EUZ (no opinion on them!):
"Adam Habib appointed as corporate adviser to the Board in January 2021. The appointment has subsequently been terminated with effect from 1 November 2021."
Perhaps RY should be credited for getting rid of him reasonably quickly.
Yes, along with: Greenland sale falling through because of the Cypriot banking crisis, failing to manage El Limon, not selling JMS shares at their highest price because of a gentlemen's agreement with Brian Gilbertson. I could go on if I could be bothered to go through the memory bank.
At the end of the day Gary Carp and MrMagic was right and I was wrong. RRR is a good company to use to identify red flags in other companies you consider investing in. Poor corporate governance, no director buying, CEO/Chairman who lines his own pockets but never creates value for shareholders.
Nonetheless I hope long term holders one day get a spike in the share price that will allow them to exit.
My wish list:
Financial close of Tring/Avonmouth
Declare a lease has been signed off for Burwell
Pay off the remaining debt on the balance sheet
State management will not increase their salaries just because they hold a million or two in cash
State their focus will be converting new pipeline of projects into another set of Tring/Avonmouth/Burwell
More director buying
All that would lock me in as a loyal long term shareholder for years.
Found it:
150m performance shares for free. Targets don't look that difficult.
150m management warrants at 1p per share, raising £1m cash.
320m warrants at 2.5p per share, raising £8m cash.
Hopefully management only sell the number of warrants that pay for the exercise and keep the rest. That would be the biggest buy signal they could send for me.
So UBS may have purchased one day and sold the next. 9.6% shares of the company. Sinom are listed on the latest presentation as a 9.67% holder. Really SK should clarify on Twitter who now holds that 9.6% of the company.