Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I had envisaged some sort of mini bounce/recovery from the mid 50s level, but here we are even lower (think a new low was hit yet again today). 51.75 close and every day seems to bring more of the same - not even a hint of blue for as long as I can recall. think sentiment totally nosedived after that last loss of contract when the price was in the low 70s, so basically another 30% off from there now. I think the CEO should go - presided over an enormous loss of shareholder value. two trading days until the results on the 7th. if there is yet more bad news then I envisage high 30s/low 40s, which would equate to another 20% knocked off from here. I wouldn't put it past Armitage to come out with yet more dire news/forecasts. IF there is some good news on the horizon then I see it bouncing back pretty sharply - 70/80 in the weeks post results potentially? the BoD inspire no confidence going forward though - surprised if the IIs haven't been agitating for change in the background.
the possibility of the hub being refused is already built into the share price. there ARE alternatives, and at least they aren't committing to a large capital spend. the business will carry on functioning... perhaps 10-15% down - i'd be surprised if more