Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
LOL Pectin, as usual you read more into grammar rather than content, maybe if you were that inquisitive about Disasterman's fictional tall tales you would be in a better position. In "we" I am referring to the collective, your lot, rather than me, but I don't expect you to appreciate subtlety. Just to be absolutely clear, I don't and never will own shares in this basket case of a company.
Yippeee, price of gold is sitting at $1832, oh but wait, we can't produce that either, nor tungsten, or tin in sufficient quantities to make a difference so it really doesn't matter, but we don't have to of course as our main income stream is dilution.
If you two are that much under your partners thumbs because you spend too much time posting on boards, just imagine how much trouble you will be in when you have to explain how much money you have lost due to extremely poor investments decisions like WRES, the mind boggles.
Safetyman, I have again read the LSE terms and conditions and can't seem to find where it indicates anyone posting on this board need your permission to post, in case I have missed it please provide the link to indicate we need you endorsement to do sot.
With that being said, I fully appreciate you don't like anyone with an alternative view posting anything as it seems from the top down in this company your preference is for being economical with the truth and pretending everything is hunky dory despite facts pointing to the contrary. As a for instance, the fact you have visited the site is meaningless as you are probably more down than most and in your posts regarding the site visit you have on multiple occasions claimed the tungsten veins are clearly visible to the eye and you could bend down and pick up rocks of tungsten yet the company still seem unable to recover product in sufficient quantity or grade to make themselves viable, maybe the quantity and grade just weren't there in the first place.
Answering a question with a question, as well as answering on behalf of someone else, very bad form indeed Safety. For clarity sake, are you admitting on behalf of Troajan he posts his outdated tripe to make a profit at the expense of others as his links are irrelevant and outdated? Surely, if you are going to answer of behalf of someone else you should have the decency to answer the whole question and not just the piece that suits your own commentary and agenda?
Sheesh Troajan, you must be in some real trouble posting all the out-of-date and wholly inaccurate and irrelevant links that you do. What is your agenda, are you trying to entrap people into losing money for your own benefit or are you just that desperate to break even?
Once again Troajan, your biased unbalanced agenda is fairly obvious. It matters not a jot what anyone did 20 years ago if you are failing miserably in the present like the WRES BID are. The facts are plain to see, and verifiable and quantitative unlike your unlike your touchy feely qualitative assumption. Facts are: Since consolidation on April 1 there has been an 89% dilution of company shares, the share price has dropped by over 70% and they have produced less in a year than they forecast to produce in a quarter. They have been unable to repay any of their over $60 million of debt or even the interest that is accruing on that debt, this company is in serious trouble imo.
Troajan, most appreciate your credibility is in tatters because of your biased ramping, but besides that most appreciate past performance is meaningless, it is what they are doing now that matters as any rookie investor knows “past performance is no gaurentee of future success”, they are past their sell by dates as the abysmal production, over 80% dilution of shares since April 1 and the 70% drop in share price since the same date will attest.
Dreamy, hopefully the penny is starting to drop for many. Disasterman had been very economical with the truth for many years and like most Ponzi schemes it is catching up with him. Nothing the company has communicated has added up and it is now becoming apparent and it is looking more like another WOLF with the Pied Piper of La Parilla leading the rose tinted pack over the edge of a cliff.
GUG, those numbers are appalling enough but I fear they are not the final numbers as IMO there will be shedloads more dilution with the shares on issue at least doubling by year-end, if the company still exists!!!
Troajan, one day you may realize it is Disasterman's ego and a number of the rose-tinted brigades arrogance that is the enemy not those with an alternative view who tried to warn of the impending disaster this company was turning into.
Dreamy, nothing will change here until the leadership dross is cleared and someone with fresh ideas is brought in. Let’s face it, Disasterman and the current team aren’t even able to come up with unique excuses for their incompetence, all they have to do is regurgitate previous tales to satisfy the unimaginative LTH who appear satisfied losing money rather than holding these boring underachievers accountable for the pathetic performance. I don’t think they realise yet this mine was closed down in the past for a reason which is becoming clear now and is going to prove very costly mistake for many.
Pretty surprised this has only dropped by 10% today, my guess is it will drop further tomorrow given the total mess Disasterman had made of company.
Troajan, like your outdated links, your thinking is outdated. Do you even remotely appreciate that without the desperate begging bowl handouts (dilution) which is now sitting at almost 80% since April 1, the company would cease to exist with no sign of them being able to produce enough to pay back the mountain of debt (over $60 million), head deep in sand or in denial springs to mind.
Safety, I may also have been suggesting an amoeba is more aware than the rose-tinted brigade.
Your grandson may know what the colour green looks like Mullins, but even an amoeba appreciates this company's prospects are similar to that of a Dodo in 2022.
K3VMC, so you think the market is there for Disasterman to use as a piggy bank to raise cash every quarter because they can’t produce anything or make any money, interesting concept no wonder you are so far down on your investment if that is what you think.
OMR, it is not the Spanish weather that is against WRES, it rains in Spain every year do no surprises there. If you don’t plan for and mitigate for what happens every year it is due to incompetence and poor planning, which Michael Disasterman and cronies are guilty of, the abysmal state the company are in is down to human error, not nature.
It is pretty amazing how for 8 consecutive quarters now they have come up with similar water/rain/flooding, supply chain, or reliability excuss for ongoing placings and missed production targets while most can see it is down to their inexperience, incompetence and poor strategy they can’t produce anything near to the fairytale FID numbers, shameful.
Without the ICD placing money the company would probably not survive as they don’t appear to have any income from production, they will in all likelyhood receive huge discount on future purchases as they now have WRES by the short and curlies which must be a total embarrassment for Michael Disasterman.