Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
IMO, fantasy, sorry if its not what you want to hear. They could have started the race upwards today but since everything was passed I guess they missed that opportunity, just like they have missed many others recently. Lets hope things start to turn positive and we can get back to at least 25-30 by year end. That would be a good start if we are not taken out before then. :)
How can any BOD be happy with an 85% drop in SP?
It is a diabolical mess and someone should be paying the price other than PI's. Fecking disgrace!
If I were able to attend the AGM I'll let them know, voted against reward for failure. Pri*ks.
pulling out of carbon based fuels which also hurt the sector as a whole which means you must, must show potential investors the money both short and long term. These feckers are using this as a lifestyle company presently and its is obvious to investors this is the case. I've said a few times now, we have a very limited window to profit from and the more these feckers feck up the shorter it becomes ad the lower the SP goes. What is their plan, what is the strategy? it was buying everything in sight and pretending to drill 10 wells in a year, now its drill 12 wells and not buy....but none of these short term strategies are working. Neither might I re the BOD nor management!
it maybe happens now and again but I don't buy it on a regular basis. Its down because it is unloved and the company is badly manged, results this year have been 100% failures and we are 5 months into the year 2 drills, when are the other 8 or so supposed to happen...eh....it looks like another big failure to deliver so far. BOD Sh*te, Management sh*te, SP...need I repeat myself? All in all a very poor performance for the last few years and not improving as it stands. only ever hear about how fantastic the assets are etc.....however, noting ever changes other than SP dropping and BOD and management rewarding themselves for continuous under performance and dire PI value! Lets see the greedy feckers answer that! Greedy fecking Pri*ks. Feckaff he lot. Rant over. :)PS: with the right bunch on board it should come good but II's are required to move this on e.g. confidence in the management and strategy. GLA
Geezo, a big announcement and next to zero movement. This lot are clearly hated by IIs and many PIs too by now!! :)
my point exactly, this lot ae not in control (of anything) it seems!
also, one the biggest oil company in the world (Shell) have reduced the investment in O&G exploration significantly and now have aims of being the largest electricity provider in the world within 10 or so years! If that's not a massive shift from fossil to green energy I can't explain what is. So it could be the case WB has not done his quantitive risk analysis as tight as he thought, things are changing fast in the enegry investment world, he has been wrong many times before, whilst still a FAB investor! :)
buffest also said "if at first, you don’t succeed, move on to a new strategy" I think the strategy here is failing quite badly which calls for a change of directors and direction...i.e. start the drills and forget everything else, make use of current assets. Eh.....they have enough, do they even know what to do with them, I'd argue not!
1. massive investment by II...in other word confidence in the BOD, Management and strategy....so far...missing
2. massive oil find and or the drill all the planned wells and all are successful...what's the chances of that given past performance? This piece of sh*te bugs my investment life, jsut like PMO did!!! No happiness, ever, it seems from these useles fecks. :) rant over....enjoy and GLA.
are going to continue to be out of favour and more so in the coming months and years, its simply not cool to invest in carbon when you are a big business....you only need look at shell to see how they are shifting their position form carbon to 'clean' energy.
its only 'we' PIs that seem to think the SP is fecked over and has been for near two years and, I might add still dropping. Could we be wrong....eh...im starting to think so. Geezo, trying to make money out of this lot is harder than working for a living! GLA. Management are Sh*te IMO.
I do not agree that it is fairly valued at the moment.
for AMER to get its act together, Oil maybe up today but the world is changing fast and fossil fuels are becoming very unpopular very quickly, as I previously pointed out they are being less investible. So...get a fecking move on you lot! The movement has been pitiful both in terms of projects and SP, quite disgraceful and they still reward themselves! Its wrong, wrong, wrong and they should be held to account for their disastrous management and current SP value. sack the lot.
its a disgrace that the BOD awarded themselves those shares when the SP has lost so much value, projects delayed and even worse, turned out useless. Where is the success here to justify these awards? its simply not there. I have a few words I could use to describe this lot and they'd not want to hear them. FN Baskards, get the SP moving. :(
on going
is lack of II investment in this sector and, unfortunately, its not going to get any better. I am holding out for an improvement in the SP and then the purchase of the company at +30%, I would hope we could achieve something like 50p before the end of the year? Maybe I'm being optimistic, however, some of their drills have to come up good, they already pulled out 2 completely useless ones, stands to reason the will get lucky? 50p seems reasonable given a look around the market and our current portfolio and competitors. GLA :)
the market didn't like the results. very poor show. :(
is lack of II investment in oil in general, couple that would diabolical dusters and this is reflected in the SP. Its going to take something very big to move it beyond 20p, something like a share buy back, a dividend or dare I say it a move to take the company out! I though moving from PMO to this would be a piece of cake, its turned into PMO!! Pile of sh*te at the moment, so had better come good before the summer because its been a shambles thus far (oxy aside!). IMO, they have to come good this year otherwise forget them, another AIM plie of **** that spews **** and pays their directors mountains of cash for doing ****. GLA