Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If I was a betting man I would say at least 40% up from 2.9p
It’s interesting that on slide 4 in the presentation it shows a roadmap to drilling and the steps.
Roadmap to Drilling
• Responsive Share Price
• Environmental Authorisation
• Insurance
• Close Out Financing
• Rig Contract
• Equipment Mobilisation
• Rig Mobilisation
• Farm-in process continues
The insurances at step three are obviously key but still something that’s outstanding. I wonder when these will be agreed? I assume they may need confirmation that the force majeure extension of time claim has been accepted before insurances are sought?
Jb
Have these shares been issued yet? If so, how do we know?
Thanks in advance
JB
Hi Phoebus,
Have they 100% been issued yet? I believe the RNS said ''anticipated on 4th June 2020'. Can you confirm?
JB
Hi Bonum,
I didn't say it would hit 2p! I said we would be happy as its a opportunity to top up!
My response was direct to trump/pump who seems to want to deramp this share which is something I wouldn't do.
JB
Why good luck today? What ever happens in today’s trading doesn’t effect 99% of the posters on this board because we are either LTH or new to the party but are waiting to spud.
Actually I bet a few of us would like to see it drop below 2p because you can bet your bottom dollar we will be topping up!
Wish us luck in December.
JB
This is a question I've wanted to ask. When do the government need to respond to our extension of time claim?
jojos I'm far from a ''ramper'' but we could hit it today/tomorrow!
Hit send a bit early! .... I was meant to type that on 17th March 2020 I posted that we had two conditions outstanding.
1. Formal placement of an insurance policy for drilling operations.
I believe this is still to be agreed.
2. Entry into a definitive contract for provision of a drilling rig.
This has now been achieved
The price when I posted my message was 2.45. We are in a much stronger position and I believe 3p will be hit by tomorrow PM.
JB
.
IK
Your opinion is one I value and look forward to reading on this BB.
Apologies
JB
I'm not going to entertain your waffle after this reply. You clearly read my post incorrectly as I was stating that out of three people all who live in the same house only one was effected therefore you & I probably have some of the same beliefs on Covid 19. You were hammered on here the other day for your ridiculous post so I therefore request we leave this here and concentrate on BPC.
JB
You're spot on reference crowded events etc and I believe the stay at home theory isn't bulletproof. We have a family member who tested positive for CV19 and his wife and son were both negative...
We still have two more conditions to clear prior to this share price rocketing....
1. Formal placement of an insurance policy for drilling operations.
2. Entry into a definitive contract for provision of a drilling rig.
We are another step closer today and news will be announced imminently, potentially this week IMO.
Wouldn't want to be out of this over night ;)
JB
I agree but its a part of the reason for our recent decline.
Price of Brent Crude down 4.3% $47.84 will not help our situation.
I believe the shake is over and the rise will continue this morning.
JB
This didn't age very well. Let's hope for a better opening tomorrow.
JB
Hi Bonum,
On what basis do you expect heavy buying into the close?
JB
Thanks. I think they must delete after a while as it’s only showing today’s. I posted a few times back in 2016 and said I’m not posting again until we get some positive news. I’m classing the current situation as a positive! After 10 years of BPC I’m really confident we have some serious good times ahead.