Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Regardless of SP, it’s worth what someone is willing to pay, some may pay more if they want control.
I don’t know what price that may be but, when buying a company it’s more than simply the present value that’s taken into consideration such as, the long term view, potential, risks and synergies that dictate the eventual price, not the current uplift from present SP. IMO
Personally, I find the starting SP a non item. You have to look at current assets, potential, who’s involved, for what reason and their long term strategic alignment with the assets being put up for sale. A bidding war (which Oxy would likely win) also eliminates the currency SP as a starting point, they will pay what’s necessary to secure their strategy within reason, which could be very far from current SP. amer shall be no more within 6 months or so and I’d have my money on Oxy securing the whole package then carving up and selling off what they don’t want, easy for a comply of their size IMO.
than LTH holders deserve given the sh*te SP for too long, did not except the offer So soon, however, thank feck it’s come.
Whether it goes through or not the SP will rerate to a reasonable value e.g. 20+. As to take over value, min .35. IMO, given the location, prospects, pipeline and potential interested parties we could exceed that by a margin and a bit. II’swill decide the price, if they make 20-30% that’s the price whatever that may be. Personally, happy it’s come around sooner, this has been dead money for me for a long time. Time to make money. GLA. It’s going up Monday, will be good to see. Smile form AMER for once. ;)
Still 40/50% from recent high and dropped way lower than cure-rent price which I suspect is pure pump.
They bod and management are sitting on their laurels and next to nothing is happening for their massive salaries. Hopping something good will come form one of their partners. Should have been more drilling by now and more results. Pile of sh*te and I feel like I’ve been taken for a ride. Baskards imo. ;)
Willec be realistic, PMO produce 75K+ and their SP is 67p today, so 50-75 is way off the mark, May not be what you want to hear but it’s a fact. This lot, whist I’m invested, are a shower of sh*te and even 100% successful with current drill program, and producing 10k is probably with in the region of 30-40p MAX given that few IIs like the dirty stuff now and it’s volatility. :) :(
despite failures...….great. Feck up and get rich without spending a penny....I must be doing something wrong by backing this fecking lot. Its a dog. :)
leaving oil companies in droves, they don't want to be seen with dirty companies. Will only continue.
This is one very tiresome share to be in and unless it makes some big discoveries and changes the SP is going to stay down here (unfortunately) :(
no doubt about it IMHO.
We are miles off where we should be, I'd suggest a minimum of 17 - 20, however, realistically more like 23! :)
Its going nowhere fast unless
1. major success
2. major II buys massive volume of shares
3. TO offer
Geezo, Simone wanted out fast on Friday with 7.5m shares at 12p or so!
What is going on? It’s over my head, IIs needed big style.
the good old daze, I remember them too.
II's.....do we still have some of them? Oh yes, one or two....:)
Don't believe everything you hear or read.....can be bad for your bank balance and share portfolio!
GL & GN.
nowhere any time soon, unfortunately, if you can wait until retirement, it may be an option? :)
then...back to 90 or low 80's. PMO does not let you down, it always drops! Good old PMO, the debt ridden, market manipulated whipping boy IMO. GLA. :)
in the mud again.....move up IMO and keep going with the odd drop (to be expected). :)
keeping a close eye on this one. Its looking good, but you jammy lot already know that I presume! :)
Willec, your optimistic outlook is sometimes (IMO) a little dreamy, however, I like it. :) GL.
PP....the SP will dictate and thus far for some period of time it has provided the feast for whinging amongst PI's (me included). Until there is a shift in the trend i.e. upwards I for one believe we are entitled to whinge now and again.
Its all very well (!) drilling simultaneous wells, however, have they analysed the data correctly, the last two results seems to indicate hey are not very good at it of late? You are right, its not all bad, if it was I'd have been gone a long time ago, there is the prospect of jam tomorrow! GLA. :)