Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Love him or loathe him, just accept that offloading the guy would be cataclysmic for the share price. More importantly he was in harness when the company managed to get some mug punter to invest multiple tens of millions of pounds in the company which has, after all bolstered the value of YOUR holdings. Remember this, if there is a need for a further fund raise, who better to sell the old snake oil with absolute conviction.
Oh, and another thing….IF (and I say IF, because I believe we are on the cusp of greatness) none of the products have / have ever been fit for purpose, then someone has been responsible for getting these tie ups with various people , so who better to carry on keeping the balls in the air?
Give the guy a break!
Garonne
You seem to be fixated on the performance of AB. Now if it were a case that he had dozens of saleable products that were sitting on the shelves, but he was simply sat in BS towers, then you may indeed have a point. However, he doesn't have any truly saleable products at the moment, and is simply trying to keep the company going whilst the products in development are transitioned into saleable products. Yes, it's taken longer than expected, and there have been false dawns, but what, as a shareholder would you rather have, someone who paints a rose tinted view of the situation in order to maintain interest (and accordingly keep YOUR share price as bouyant as possible, of have an arch pessimist who reports to the market "hey lads, you know that great idea we had a few years ago, that we threw a load of money into? well it didn't work" how well that would be received, and how YOUR share price would be decimated....
Ade
Please do us a favour and stop peddling this complete twaddle. You know as well as the rest of us that this thing isn't about to fail, quite the contrary, and if you have taken out a short, then I would be extremely worried, because this thing is like a fine whisky, it's simply taken a while to mature!
It’s bubbling alright…..the pieces of this delicious smorgasbord of energy generation portfolio are coming together nicely…..bubbling like a guff in a bath, all it wants is a spark to ignite and off we go!
A very interesting question….only problem is, how would you know you were comparing apples with apples and pears with pears? There are far too many variables to make a valid comparison, my my guess is that because of the various pumping losses, a fuel cell must surely have the advantage especially if the waste heat can be harnessed and used successfully ((but then again, same goes for surplus heat from an ICE……Oh, I don’t know!
Daz….cant you see that this is the future….the dots are all joining up, and if you look carefully, you’ll see that AB has, in fact, all along has a master plan strategy which is a long game that I now believe is shortly going to come to fruition. My only regret is that I didn’t see the long game, and became frustrated by the apparent lack of progress….I now see that this lack of progress was only apparent, and all along things were going on that we weren’t a party to….
Speedy at the showman’s show….now that’s really interesting, as we know, travelling fairs use massive noisy static generators (basically because, for 2 days, it’s not worth arranging a spur off the grid) and surely what could be better than an array of fuel cells powering the fun. Just another example of a potential market hidden in plain sight.
People who call for AB’s head on a block should look at the history of Apple; Steve Jobs was sacked from his own company after delays in getting a ground breaking product to market in a saleable form, but look what happened when he came back….need I say more?
Garonne. Be careful what you wish for, it may just happen, and we could miss out on being in at the start of an iPhone moment…..
Garonne
The simple fact is that creating a low cost fuel cell simply isn't an easy thing top do, and the pathway to success was never going to be arrow straight, but was going to be subject to the odd twists and turns, and no doubt the odd blind alley, but let's not lose sign of the fact that all the while the company has been beavering away, just like the spider in the Robert Bruce story, they have been accruing a body of knowledge, which can only increase with each knock back. I am of the opinion that by know, they will have experienced the majority of problems they are likely to encounter, and accordingly now in a position to develop product with fat more certainty than in the previous "hit and hope" days.
Look at it on a holistic basis, they have identified a market, produced a product to meet that market, they have identified a problem in delivering the necessary feed stock, and have now produced a work around for that, and furthermore, they appear to have brokered a deal which means that can hit the ground running when actually offering the product.
I too was frustrated at the earlier hubris, and apparent inability to deliver, but my guess is that this time we could be just about ready to rumble....