Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
They still need to explain organised plan involving management and major investor to regain full control of co after listing cos wouldn't have been allowed list it if had been known and if share price damping to enable it then I'd think it's big trouble. Then when get wind of authority coming they try run to private again. Unbelievable
It's not going to do Russians reputation in Dublin any good ripping off an Honorary citizen, (old Vlad entertaining MacGregor etc) and still the unanswered actions of Peter and Melissa pretending to have a new but bogus direction for Ura and their actions of being completely involved allowing Medvedev run off with our decade discovered asset. Being quiet about Medvedev hiding valuable highly sensitive share price info, stealing the asset with an extremely partial valuation, organising a false debt to do so by not describing the project or the findings correctly and refusing to be a proper business person and dilute his holding, and then the wheeling out of old friend Steinepreis to make it look like someone believed their fantasy. Where did he get theoney? I have to invent labels (as a neutral) so I'll call them a gang of shoosters . In normal hands this project would have been up and running but this gang just can't resist cheating. When Dublin understands this there will be tepercussions
I think we have to be very careful of tax avoiders acting in groups working to the principle that once investors (especially investors in progress) are fleeced there is no way back for them. This is the attitude of Russian oligarchs who will then importantly lobby to make sure their crimes go unpunished or even recorded. They will pay no tax like our elite. Further they believe all top civil servants exist to serve them or be bullied. After that they resort to poisoning. (Yeltsin probably). Boris and our lot should be very careful. These people are 100 years behind us educationally and morally. (See URA) . Re tax avoiders I personally know of one landlord getting planning permission who is now Carribbean tax haven based.Another from years ago , pillar of community we all thought was mentioned in Panama papers! Post WW2 I think it used to be muted that some countries mindsets could not be trusted with weapons. Same should be applied to money, small print and tax payers money( ref OCT)
Therefore we could now say that the actions of HMRC by coercion or whatever to collect massive austerity taxes to bail out assets of above groups was illegal and against every principle of taxation. Green energy infrastructure should have been built.
This brings me to today's big idea! Sorry Sir Tim it's mine!
A countries currency value/ability to borrow be related to the greenness of its infrastructure (this being like crypto a degree of mining) but also negatively impacted by degree elite tax avoid, fail to contribute by invention or investment, rig the political/legal/tax authorities for cheating purposes, fail to have political opposition's, engage in false imprisonment/physical harm, fail to contribute financially or try shift burden to others, keep inaccurate unfactual/fact missing records, more
Oh and let builder bonuses go unreturned during this false austerity! Also all increased wages other bonuses big property owner/ property related services paid themselves immorally is banks, crown estate, property lawyers , builder supply cos etc
I think we have to clarify pure and simply if the masonic club condone their role in what amounts to the biggest robbery in history just to rescue the big landlords a lot of whom are tax avoiders I am shocked to know so who have therefore robbed the tax payer and especially next generation of tax payers BUT who will never contribute to equitably the Exchequer. So much more could have been done instead see prev. Please clarify masonic club. Rules have been broken and we seem to be closing in on dodgy Dave to quote press and next cynical George? I also remember at time post 2008 when it was clear what you intended and being struck with disbelief. I then saw builder execs quickly write themselves bonuses based purely on share price recovery and remember thinking , I couldn't do that it's about as low as it gets. So masonic club have you taken donations from this group? Hence silence? And if you don't mind I will ask follow ups when you reply because I know how tricky you can be! Personally I'd like the extra austerity tax I paid back -100k -because I never thought the British people would be abused to this extent. We all now know what bent cowards Putin and his group are see URA but do you lot have to be crooked also?
The relisting of the main asset with original shareholders in place, properly describing what was known and not hiding super sensitive market info, going to the market in the proper way to raise funds, suffering a dilution from major shareholder as per the Action's of a proper business person, not any more using a creepy inner circle of disingenuous tax cheats/avoiders, OR be ordered pay full compensation as per the discovered value of the main asset and not the crooked bizarre valuation. The expelling of all associates from UK and the banning of any of the 'network' from either shareholder or directorate or advisor positions
It will be after massive fines and quite few disgraced/locked away
More I think about it it's banking system needs sorting out. It is entirely serving the large property owners and tax avoiders. What should have happened post 2008 is an individuals house prices rescued. 3 properties in one ownership rescued (generous I know). After that 50% lien placed by Gov on remaining portfolio rising to 75% if owners also tax avoiders. is Russian oligarchs on the take it private fraud, crown estate, media assets, major political donors etc. This would have meant much less austerity, more employment, less hardship, more innovation and investment markets not crashed for a decade or more . 1-2 trillion in austerity and stagnation/contraction avoided. We could have also have already finished building massive green energy infrastructure. Power station 600m. Nuclear 10bln to power whole country which would have been drop in Ocean compared to rescuing the big landlords. Could have led world. I think there is massive problem here and in eg Russia that intelligence forces support this nonsense. They also fail to act when someone immorally on back of austerity pays themselves 1000 Rolls Royce's but fully goes after a gang stealing a banger. Was watching doc on Hitler tax avoiding. Was of course shocking but he bullied tax authorities I suppose. Conclusion we would be lot better off without tax avoidance and tax havens and need to cut out their influence. The thing about landlords is they aspire to trap people here and elsewhere in expensive apartments with essentially zero facilities. That is what they contribute. If massively putting hand into tax payer pocket this is much worse. Nothing is solved. Nothing is built and instability could follow. So how much has Putin benefitted and his economy suffered. How much Merkel. How much crown estate and advisors. Where is the money. In which tax avoidance haven. Why have authorities allowed builder bonuses to go unchallenged and unreturned. Why do councils give planning permission to tax avoiders. Do actually our tax avoiders and Putin's have the same Bankers? Maybe they meet and laugh and plan more oppression of standards we all grew up to believe would never change. Because he threatens us and we him! What utter rubbish. Sort out crooked banking and we would all be friends . And don't give in to intellectually limited landlords
i think the problem is one of education and standards. Medvedev thought he had bought the company when became majority shareholder and so had some sort of right to not represent shareholders properly and ultimately vamoose with the asset, the only one and everything we had. Such actions possibly common elsewhere but totally unexpected here and shouldnt be allowed get away with a fine into Putins Israel bank account and just carry on , if indeed that is the way it works?
Still waiting for action or word of action. Clarification that Melissa and Peter were infact known to him before or via Warners and Steinepreis- remember the one who surprisingly turned up to support P and M when they were proposing the unlikely/incredibly unlikely new direction and facilitating the theft of our asset
Beyond doubt that the political system values these assets more. That individual multiple property asset holders incl crown estate value their assets more than contributing and suffering fair losses due to them. It proves directors of bailed out sectors who then paid themselves off scale bonuses have little regard for tax paying shareholders. This could be important to remember? when investing. Also that nothing has been done and hardly reported on. The investors need to be aware that there is trend for directors to say things but small print to hint at other things. Investors need be aware of this see URA and OCT. Investors need to know that meetings are largely all sorted before the event. Who remembers the RBS ones where hundreds turned up to vote in directors on basis there was a rumour they were good chaps. Later they realised they hadn't clue who they were. Investors really need to be aware if directors are tax avoiders. This could be addressed by a Rate my director site. How costly is delay to green energy provision going to be. Most interesting is news that decade of vaccine research was done in a year. This proves that lots is possible but that this problem of valuing property assets over progress has been allowed get in way. It is institutionalised. Why is a shareholding in a small green energy co. not protected in an economic upheavel BUT multiple property assets under single ownership are. Of course wasn't just this co directors who steamed the system but TP also and hundreds of others, banks, crown estate admin, lots of big landlords . Investors need be aware of how country is 'allowed' swing away from logic for next generation and how cynical it is. PS Vladimir are you going to on URA? Long time no reply
On contrary it is of great help to tax paying investors to be fully aware that the directors of large public companies and banks do not really respect the tax payer that they court as investors. If you are investing in green energy from 2008/9 onwards you needed to be aware in advance that your investments were going to suffer. Logically in every way it was what was needed BUT investors need to know that the tax payer bank rescue which 100%rescued the asset prices of multiple property asset owners at the same time robbing gov of funds and crippling other investment PROVES
I think the electorate need to respond to full bailout of banker assets at expense of progress and GOOD business. All political parties were influenced to agree unfair illogical bailout. Wouldn't matter if it had been DC or TB etc. But Bankers are not good business people. In 21Century we expected a lot better. Politicians saying all else impossible! Well it was to them, fact. The end result of full bailout of property prices and especially owners of multiple owners of property assets was to delay progress, exempt this group from involvement in investing or solving or providing for next generations needs . Disgraceful. End result was mafia builder bonuses. End result was a whole raft of tax avoiders having their assets rescued via impoverishing the tax payer and very dramatically reducing Gov ability to build for the future. Highly selfish. Therefore electorate need to respond by insisting that politicians agree to protocol that the words President, Royal, Prime Minister are invalid on documents or other use unless such holders of office have provided full publicly available tax accounts showing payment of full usual citizen tax rate, and further these backdated to ,2008/9 so full benefit of tax payer bailout of their assets can be easily seen and is fully declared. Once this is so lots will be clearer
I think it's obvious how oligarchs are made. You get control of great assets, then do nothing and suppress super valuable info, refuse to do basic test work, pretend co has debts, all time pretending to do best for shareholders who are selling family treasures to keep stake , then oligarch turns around and says they are stealing asset. I think it's obvious there is a network. It's obvious Putin is in it . It's obvious it pays no tax. It's obvious it corrupts politicians ( thickos at Tory office) and employs lawyers (people with no morals re cheating) and pays them well so increasing their influence and message that helping cheats is profitable.
Sometimes it is so blindingly obvious as fraud. The smaller license next door with less and more expensive ore goes for £700million. But URA Mtonya license with more and cheaper ore goes for ( is stolen by major shareholder) for ? £1million. Because he had organised a debt and no results and no explanations re profitability. Stolen just after ISR data published at neighbour which is suppressed. Stolen just after license is reaffirmed to URA by Tanzania. He never tried to raise capital because his stake would have been diluted and theft impossible.
Then the network helps as per previous. The network acts
as a gangg. I think we can deduce from their linkages that they are themselves linked to s sovereign nuclear state. To say that's disappointing is understatement. People who might have historically been rescued have become bullies following no moral rules. Whether they like it or not stolen money will be returned, has to be , and hiding behind any cheating small print that flies in the face of facts won't wash
I thought I explained it better. Peter and Melissa pretended to have a wonderful investment for old shareholders so Medvedev could run off with main asset, the Mtonya 36km license and 100m lbs cheap Uranium. P&M project was utter bull , made no sense in reading and of course never happened. So they put their cap raise which wiped out old shareholders into one of their own companies. This cannabis co , as you say has worthless shares . P and few others in network now propose distributing these worthless problems onto old shareholders but mainly themselves inorder to clear URA books. Not for the now tiny minority shareholders but for them.
Old shareholders were supporting URA for decades to develop Mtonya. Medvedev decided it was better to do absolutely nothing. Refused to raise capital, or explain project properly to market. Probably important info was suppressed. The info that license suitable to ISR was definitely suppressed. We'd been waiting years for that.
A lot of people are involved in this fraud. A whole network.I have complained to Russia but since no answer must conclude they 'know' about it . Probably another state is involved , the banker. I think it's the most disgraceful and dishonest thing I've ever been mixed up in. Peter coming out with Mtonya was disposed of is rich. As are statements like distribution of cannabis shared beneficial to shareholders! I think if you practice this kind of double talk enough you possibly start to think it could be true? Actually it is 100% lies. Medvedev as tax avoiders of substance has enough type of lawyers to hide behind and supposedly not break any rules, but I believe he definitely has. And Warner's and chap called Steinepreiss also involved. They were all involved in Tanzania earlier and pop too. Melissa was too also. So plot thickens as they all know each other...
I don't think many of our lives will ever be same again. To think people/directors in authority can say after they are completely rescued by tax payer life boat crew ' drop me safe ashore and now you owe me £100m'. Usually the answer is thank you. Lots of directors in this sector, banks, builder supply are still in place. Lots permanently benefit from crooked political austerity bailout of property prices via full bailout of bank assets. Better would have been to rescue individual house prices for homeowners and partially rescue those with multiple property assets. So is they would have had to suffer usual hard luck losses from the storm that affected their assets. This would have left reserved, borrowing capacity, future tax increases, crack down on tax avoiders and their influence, to provide funds for green energy or any other emergencies. Far more sensible and equatable. And NO builder bonuses! Or their insulting attitude.
Was thinking Tim Berbers Lee famous for ,'inventing' web, so why not we build green wide web. Sorry but unfairly Bairled out landlords will need to hand over assets to states and all tax havens closed down and tax avoiders banned from directorships. Sensible people move forward without the cheating. Ps to British lack of intelligence, this is not the same as 'communism!'. It is using assets unfairly rescued to remain in private ownership by political corruption of the system. Using returned bonuses. Using unfairly inflated assets of tax avoiders whose asset base grows Min 20% over and above normal tax payers each year, simultaneously obtaining apologies from well known tax avoiders,
I think when directors behave outrageously with cheating small print, break the trust of shareholders or divert company funds normally going shareholders direction, or expoit the tax payer to the detriment of the diverse economy then quite simply 5% of shareholders should be able to demand an immediate arbitration on the matter. Everything is far too slow and essentially people acting in concert are getting away with fraud, sometimes after being completely rescued by ordinary tax payers/shareholders. It is in everyone's interest to put stop to it. Illegal bonuses should be recovered as part of PAC.
In the case of URA or OCT definitely directors assets should be capable of being seized as part of PAC especially if they have been shown to lie, withhold important shareprice info, have been acting as a 'gang', have broken assurances to shareholders, have not been acting in good faith. The money trail should be followed and stolen assets returned to shareholders. If a state is involved organising a gang or banking for them then I would have thought it doubly serious. The assets thus stolen have to be got back quickly. Investors are often too polite, think state will act, think it was somehow their own fault. A faster method is needed. If NAC is going on PAC to recover assets from criminals or those unfairly favoured for the distribution of tax payer money as per previous who have used an inner circle to insulate their assets on the one hand and delay progress and stability, jobs, opportunities, on the other then a Gov has to operate PAC sooner rather than later. If you consider that expensive energy is one of the biggest barriers to the working economy finding/inventing/entrepreneurially finding its way out of hard times/slumps then I would have thought building cheap green energy would have been much better idea with austerity taxes than rescuing builder assets so they could pay themselves bonuses! (Also Bankers,builder supply, big landlords, crown estate etc and all their bonuses . Been an absolute farce imo. And gov implementing PAC entirely justified to RECOVER assets, and place funds where needed much more
Modelled the energy bit back in 2003!
Things have to be sorted out hell of a lot quicker to protect ordinary trusting investors from directors entirely croked planned actions
Was thinking how to describe builder bonuses as part of a worrying economic trend or practices. Come up with NAC. Negative active cleptonomics. The negative is re the environment or next generations prospects, the active/passive is re political support or facilitation of it, cleptonomics is re diversion or stealing of public taxes/individuals property for the cleptocracy. Doing this we can now compare the builder/builder supply/banker bonuses with say Russian oligarch behaviour and say they are in the same category or NAC. We can also say that the behaviour is so outside normal behaviour that the only antidote to it is PAC- positive active cleptonomics.
NAC apart from turning blind eye to builder bonus fraud , in America the bailing out of too big to fail with no strings resulted in some of those duly rescued at expense of progress, rewarding the tax payers by pushing Trump to Whitehouse and according John Kerry costing world 3 lost years to tackle climate change. So NAC has been in all countries, some more extreme. But basically we cannot afford to tolerate it. Austerity to only rescue a few sectors should never have happened. Crown estate/big landlords should never have been fully rescued no strings. Trump shouldn't have happened. Putin cleptocrats oligarchs should never have happened. Resistance to poor western values? Or avarice gone mad . Anyway I send you guys invoice for £50m stolen via the take it private fraud
For the judge
Regarding Medvedev Russian Gov need to clarify if he's under investigation for the fraud of stealing the URA licenses by deliberately withholding valuable information, refusing to do basic test work, refusing to present the results correctly and raise money in market because he had plan to take the assets all along. He had plenty of opportunity to raise equity especially when we supported price at .8p but it would have meant dilution of his holding. We extended hand of friendship but is this the way of Russian business. Small print cheating or 'bent chess' is your way?
regarding Peter and Melissa and the Jersey network judge should consider the organisation for the facilitation of the above theft with Warner's and Steinepreis. The false raising of funds by Peter and Melissa for a hyped but non existent project which then actually resulted in them putting funds into one of their own companies involved in Cannabis. He should consider this was illegal because both are connected to it.Also presumably those providing the funds knew all along the real destination of their cap raise. It is now unlisted. Any distribution of these Cannabis shares to shareholders is unwanted. When Peter says anything is 'for shareholders' it is completely untrue. It is so the Plc can be used with the valuable tax losses ENTIRELY for his and Langulant etc benefit. Their false Cap raise already wiped out original shareholders and they have full control of company. So shareholders = them. Cannabis shares = junk
The assets will all be seized. This is a (another) bent network of tax avoiders. The FSA* and judiciary need to get off asses and do something. Lenigas was 'front' running this share at 4-5p. It listed at 2p. Then a corrupt plan was immediately instigated by directors and major shareholder to increase ownership above permissable in order to be able to take private later (see previous). At the moment it looks like they are hurrying as fast as possible to utilise other bent networks to put assets out of reach.
* FSA needs to fully understand that capitalism cannot work if investors, shareholders the owners are treated like this. Gaol sentences are needed and ( why me? to point it out) - the purchasing of shares in all small companies/future growth requires an in built automatic built in defense against these type of people.
Post banking crisis, unfair crippling bailout by tax payer against progress, Bankers paying themselves subsequent bonuses, crazy interlinked banking risk taking, it was clear to most that massive changes and more competition ( more banks) were needed. This co could have grown into one but obviously not with this group of directors and major shareholder who made sure the direction was corrupt and self serving . And they are mostly tax avoiding so paid none of the bailout, pay for none of the judiciary/FSA etc, NHS, screw tax paying investors, are secretive, incestuous, and to be honest in action very aggressive to ordinary people
The assets will all be seized. This is a (another) bent network of tax avoiders. The FSA* and judiciary need to get off asses and do something. Lenigas was 'front' running this share at 4-5p. It listed at 2p. Then a corrupt plan was immediately instigated by directors and major shareholder to increase ownership above permissable in order to be able to take private later (see previous). At the moment it looks like they are hurrying as fast as possible to utilise other bent networks to put assets out of reach.
* FSA needs to fully understand that capitalism cannot work if investors, shareholders the owners are treated like this. Gaol sentences are needed and ( why me? to point it out) - the purchasing of shares in all small companies/future growth requires an in built automatic built in defense against these type of people.
Post banking crisis, unfair crippling bailout by tax payer against progress, Bankers paying themselves subsequent bonuses, crazy interlinked banking risk taking, it was clear to most that massive changes and more competition ( more banks) were needed. This co could have grown into one but obviously not with this group of directors and major shareholder who made sure the direction was corrupt and self serving . And they are mostly tax avoiding so paid none of the bailout, pay for none of the judiciary/FSA etc, NHS, screw tax paying investors, are secretive, incestuous, and to be honest in action very aggressive to ordinary people