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Read all my posts gallini - I have been perfectly clear with my views.
So let me copy a paste what I said on December 30th with a hearing āA risky strategy in my viewā
āRisky Strategy in my view 30 Dec '18
With such a small cash balance with the revenue from ED reducing week in week out recently, the cash will all be gone by April without any further large revenue stream really.
I would have raised in 2018 with the information that is publicly available but hoping RP has something up his sleeve and a large revenue stream from Kansas will be generated over the next few months. But will Highlands need to invest in this project further to create this income?ā
Twist everything blacksheep donāt you.
I predicted that when the SP was around 14p at a low at that time. It was then I predicted 8.8p and it hit 8.625p - so already done.
But they will not place before IP is announced so a trade I felt was worth a punt but I still feel they will raise over the next few months. It may well continue to rise further and when IP is announced but 8% is enough for me - as you say, not convinced that HNR is an investment for me but a quick trade worth it. The rise was purely due to existing investors yesterday but am sure the potential is a few others may sell on the increased price.
Was invested for a large part of yesterday but sold out - only a small dabble but 8% you cannot sniff at.
That was good info found from substp so longer term the ED revenue looks good.
But no mention at all from anyone that for months there will be no revenue from the current 8 wells while they are drilling the additional wells and fracking them. What time will there be without revenue from sections 15,16? 4 to 5 months?
So again, still need a large revenue stream from Kansas to cover this monies after April in my view but now more importantly a large revenue stream to cover the gap probably during the second half of 2019 - but having said that, all looking much better here.
Looking much more comfortable for 2020 - sections 31,32 and 33,34 will be the ones that will justify the selling of ED - with New well pads being constructed in 2020
Absolute rubbish again
Public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government.
So Highlands have a free float of 81.9% of shares that are in public hands so huge with over 97m in public hands.
Surely time to sell though when gallini says it will explode soon
Jez - the transaction by MS was on Feb 8th when the SP was higher and so could not buy on the open market cheaper
You need to read the RNS in full
Talking crap am I as well as Investrip? Oh dear Jungmana
All figures quoted have been issued by the company both in RNSs and the last annual accounts issued on 18th December. The only rubbish in my post was the guesstimate or rubbish really spouted off by you about the MCap and your comparison to KCom.
Personally do not care how many shares you have but really pleased you plan to invest more. Weird though how you criticise other posters you who talk about the facts issued by the Company and how they will extrapolate into GP per month.
Seems many bullish posters never seem to come up with any numbers or facts produced by the company to confirm why they are invested but quote ridiculous predictions based on nothing. How strange is that?
Yes he misread the RNS and gained Ā£250k revenue over 24 months (not 3 years but put a ?) so Ā£125k revenue a year which generates GP of Ā£30k per year based on 24%, which is above the current 21.1% as per the annual results.
So he is slightly out. These customers gained will generate GP of Ā£2,5k per month. So a long way to go to cover the losses of Ā£1.3m while administrative expenses are Ā£1.65m which for this year will be higher as well as the huge digital advertising costs to add on.
Investeip is talking a lot more sense Jungmana than your spouting rubbish like Ā£20m MCap and comparing it to KCom.
Iāve broken these figures down as you can see from my posts in Sept/Oct, done a cashflow forecast based on figures given by the company and in their accounts and see further funds will be required this year. Cashflow positive - what a load of waffle spouted by the CEO and can be proved easily on the figures quoted in accounts and the numbers (although inaccurate) spouted from the CEO in interviews. Like he said the retail margin was 30% when the annual report says 21.1% so way way off.
May be you allow others to have their view but clearly looking at the recommendations given to his posts than yours so many agree with him than you. May be you retook at your investment here and check you havenāt made a fatal error and got it wrong. Always worth a relook
Answered it enough times BH but not necessarily just for you - read my 16.18 post from yesterday which shows a few of my points on this. There is big potential here from Kansas and the only real project for good short term large revenue but the company are a bit scarce on it. Personally I ignore snippets from investors that have spoken to the BODs as they have been completely inaccurate in the past.
āOn 24th November āāSignificant progress has also been made with Highlands' nitrogen, project in Kansas. The Company remains in discussions with several parties with regard to commercialising this project and the directors anticipate a revenue contribution during 2019.ā
Is bullish then so be it. It has been in advanced discussions and now significant progress but they āanticipateā revenue contributing during 2019. Revenue contributing doesnāt sound too big does it and during 2019. You would have thought they would say Q1 or H1 to at least give some encouragement to help support the SP while wti is reducing week after week.
But it is not large yet and really very small. Still no information really available to confirm how discussions are going and what the potential may be. They need some contracts agreed first and until then, the revenue will be small.ā
Just need the company to prove the potential here but very cautious like all their previous projects. Just remember ED being advanced in non dilutive funding for ED for 9 months where RP said at the AGM in Sept 17 that if it was not non dilutive funding then the project would not happen - so I am always very cautious in verbal discussions with the board and always look at the potential negatives that could and often do happen from those RNSs. You have to do your best to read between the lines.
You seem to miss many of my posts so hopefully this sticks in your head
Zan - I only believe what is officially announced in RNSs but even then I do have reservations here just like ED will progress with non dilutive funding.
The agreement said āTrue has the option to assume operatorship of the East Denver project, and will advance the project using its significant operational and financial resources. With this in mind, today's Agreement paves a clear path to full field development of East Denver, starting with six new wells and potentially extending up to 24 total wells across the project's three DSU's.ā
So only covers sections 31,32,33 & 34 for the additional 24 wells. This is what I see as the basis of selling part of the ED project which has to be purely based on assets at that time. Until anything official based on this agreement is issued, I will purely stick to these sections.
I pointed out at the end of last year HNR are pushing a risky strategy by not raising in 2018. So bearing in mind many seem to remember the odd point and ignore the rest, please find below what I posted
āWith such a small cash balance with the revenue from ED reducing week in week out recently, the cash will all be gone by April without any further large revenue stream really.
I would have raised in 2018 with the information that is publicly available but hoping RP has something up his sleeve and a large revenue stream from Kansas will be generated over the next few months. But will Highlands need to invest in this project further to create this income?
Hopefully these figures will be of use to some. Clearly seen a few nervous investors getting out over the last few months. Were they right? Hard to tell but it is easy to buy and very difficult to sell any volume which has continued for weeks and months.
It is possible that single figures could be back soon and attacking 8.62p, an all time low since the IPO. I started investing in the first week of the IPO and tripled my investment between 9.6p to 9.7p. It never went below 9.5p until recently.
The major concern is if Highlands do need funds, the market will know about it and putting pressure on the SP. Clearly looking at trading over December where you struggle to sell any volume at all, I feel the market knows. Leaving any raise to 2019 just means my 5-7p raise is even more likely.
The company in the short term are risking everything on a good deal for Kansas and just have to hope, the figures work out. But at least Highlands have an excuse and just blame the oil and gas prices and not their risky strategy.ā
Do not think what JJAL as the CEO has anything to do with it.
As JJAL has said, the CEO has let the shareholders down and is below even my average buy in price of 11.33p back in 2015 - so I am happy I cleared out but also disappointed I didnāt sell earlier but when the CEO tells you one thing at an AGM and does the opposite, what can you do but be very untrustworthy of the Board. Almost 99% on investors here are down but you all keep praising the BODs. Unreal really!!
But Dopey seems to have inhaled too much cannabis on his visit and believes everything he has been told. Do you think they will invite you over and give you any bearish views? The answer is NO.
I remember when I was invited to Denver back in 2017 and didnāt attend but someone did and also believed everything he heard. Funny though, the bullish views were generated and pushed the SP up for a while and then the 30p organised placing at 30p happened. Presold by a MM or an equivalent organisation like PrimaryBid who sold in the mid to late 30s and closed their short with the placing. And the BOD didnāt know - rubbish!!
This has yet to work to drive the SP up but wouldnāt be surprised to see a fund raise before Easter even though Dopey seems just to rely on the bullish views. Fortunately, even a few investors have concerns and post them accordingly. But as per norm, they get bashed by this board and seem to completely ignore their view. The way I see it, their views are considerably more accurate than the majority here and mislead many both existing and potential investors here. Fortunately, this is a public board and everyone has the right to explain the views and concerns whether bullish or bearish. Or should I call them rampers, derampers or trolls which have been misused on multiple occasions.
See a small rise as I have said on the IP news unless it misses the figures by 10% or more but will retrace until new revenue of a good size is worth talking about. But according to Dopey, all will become apparent in the very near future. Hope so for those that do genuinely have concerns and have the ability to sell out much higher.
Many spout off here on both the bullish and bearish views but just looking at the responses and recommendations, many investors secretly do have concerns. But no wonder, the lowest the SP got to was 9.6p in 2015 until end of last year when it hit 8.625p.
With the much higher amount of shares and in my view with the administrative costs still being reasonably high, the GP needs to be quite large on new revenue to put many investors concerns to bed. ED revenue will only suffice unless additional pads are constructed on sections 31,32 and 33,34.
However, still see a rise over the next few weeks if ED achieves its goals - exciting watching though waiting for reasonable volume to start.
Personally, I think the SP will creep up to the end of Feb zig zagging away to a peak of 6p tops but may be quite volatile with traders in and out playing the game.
Need the next license being taken up by Shell UK first before double figures can even be thought of. If it beats my view, very happy with that but let us see how next week goes. Monday and Tuesday need to be good blue days before further profit takers take their gains. However, volume is the most important thing Iāll be keeping an eye on.
Surprised though it didnāt close near 5p yesterday with the exceptional news which puts a little dampner on my original views when I got in at 3.08p on Monday. Timing was a little wrong but I still see a healthy profit over the next 3 months.
Apologies - highest MCap was at 37.5p when 104,659,065 were in issue Ā£39.2m in Nov 17
My view funding will still come - still cannot see enough revenue to cover admin expenses even though they are reduced especially with the gas price people were having orgasms over at $4.5 and now $2.5. Still that as I have said before short term is a small part of the revenue but longer term may be more important. All depends on which direction wti goes. Many thought it was near it low at $65 and go into back into the 70s and 80s - eh Joycopter. At least it is in the mid 50s after hitting the $42 I expected but hope it stays in the 50s - next week though could see this dropping back though but time will tell.
Having said that a technical bounce could come with the IP news even though we know it is coming but will return back to 10p again in due course. Just hope they hit $4707bopd for the six wells equivalent to what Wildhorse and Powell achieved with gas producing 3,636 MCFPD with a combined rate of both gas and oil of 5,313 BOEPD. And the we have to add on Wildhorse and Powell production.
IP is the next most important figure to come as this governs the main real revenue of any consequence at the moment. So the next week or 2 may well see a bounce but I feel it will be temporary.
gallini - I would give up if I were you
Watchstone - ex Quindell where they received a huge lump sum and valued way way over Ā£100m before they sold the majority of the business before changing their name to watchstone. Now have around Ā£50m cash in the bank, over their Ā£48 MCap and institutions there for the dividends. Completely different story there.
Now what was the largest MCap HNR achieved? At 79p when 33m shares were in issue, the MCap got to Ā£26m.
You clearly are unaware that 99% of institutions will not look at a company with an MCap of Ā£100m but keep dreaming
Meant to slice at 5p but I was too busy and forgot didnāt put a sell order in at that price. So Iāll have to wait a few more weeks and sell higher.
Bit of a bugger that ??
What a stupid comment - the free float will stay the same which is 96.76m - clearly you do not understand what a āfree floatā is. You have posted this several times over the years which I have commented on before.
Public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government.
So Highlands have a free float of 81.9% of shares that are in public hands so huge and not small. The reason being, HNR is below Ā£100m market cap and so institutions are not interested in such a small company.
And you say there wonāt be much free float when it snaps? So which institutions are going to start buying?
The only way this percentage will change is if RP, EB or MB exercises the 26.75m founder warrants yet to be exercised. But the free float shares will still be 96.76m.
On 18 March 2015, the Company constituted Founder Warrants on the terms of an instrument under which the Company issued an aggregate of 26,750,000 Warrants Robert Brooks Price, Eric James Boyle and Jon Melvyn Davies. Each Founder Warrant entitles each of Robert Brooks Price, Eric James Boyle and Jon Melvyn Davies to subscribe for 23,750,000, 2,000,000 and 1,000,000 respectively. They have until March next year to exercise these which will dilute all shareholders by over 18%.
So the free float will stay the same in this so called news rich period but will move hands between different public hands. Hope it helps your understanding.
https://markets.ft.com/data/equities/tearsheet/summary?s=HNR:LSE
Do you struggle to read my posts Bradley - either administration or a large discounted placing at the nominal value of 0.0667p. Wake up man!!
Keep buying Justin, sorry I mean deepjoy. Funny how many of you posts are in JWs tips.
Bradley - Exponential growth is exhibited when the rate of changeāthe change per instant or unit of timeāof the value of a mathematical function is proportional to the function's current value, resulting in its value at any time being an exponential function of time, i.e., a function in which the time value is the exponent.
The growth is lucky if it is linear and no where near exponential - they achieved 600 contracts in Aug/Sept and listening to the CEO of the figures required to achieve Ā£250k over 2 years only gives 300 customers for October. But having said that, the waffle from the CEO never ties up with his previous comments but hey ho.
Now regarding doomsday, it hS been explained to you several times it is for the summer - we are only in early February - so yes - letās wait and see who is more accurate