Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The SP will bounce at some stage, as bhargav has correctly stared before as soon as they need a salary top up they will spin some BS out.
I just hope people take the oppo to exit if they want out and remember this stock for exactly what it is and who is running it and for which purposes which are not aligned with shareholders interests.
When the water level in the AIM toilet rises some of the crap will float up again.
When it does, just remember itās still crap
If the directors were sincere i would argue that the sum total of the parts were worth more than current mcap or that 1ās is cheap.
Bod have been outed for what they are and market sentiment post ridiculous placing suggests to me it doesnāt matter what assets the company has if Brad and Louis lifestyler are on the bod and the remuneration committee.
The SP will never be a consideration for them, they are playing a different game and market knows it.
Would need to be a surprisingly positive resolution to restore any credibility for them.
Do you feel lucky? I donāt with these two grifters as ceo and chairman
I wonder what class of flight and accommodation they put themselves up in at the expense of shareholder funds?
If I was betting on it Iād say prob 4/5 star and business class. Poor old Brad freezing his ass off lol
Bit like grieving for your money and then reaching acceptance.
Weāve all been had over by a combination of corp gov. Loopholes (no voting powers), a false narrative and a slippery gimp polishing rns turds.
Better to laugh than cry but the anger has to dissipate first!
Yela calling it a strategy is very kind of you.
Around time he tried to intro the āfree hitsā it was a red flag for the SP and I know was discussed at the time. We were all still a bit blinded by the dazzling grades at the time.
His only strategy is to say whatever he can whilst committing to nothing to earn 180k per annum and to avoid buying his own stock as much as he can.
This was never about the SP for the bod here and if were honest we got blinded by Anza grades while being fed a false narrative.
We believed what we wanted to hear even though it was riddled with contradiction,
I just think the fact they RNS how delighted they were to move to phase 2 with accelerated exploration activity and then tried to smudge over the reality is abuse of the market.
Yes there was a C&M rns to cover his ass but itās his false narrative that has caused the despair and confusion.
He hasnt played with a straight bat because the truth of the situation would reflect appallingly on his self awarded pay rise which was already highly questionable before he dropped the Anza ball.
Seems more like just rolling with punches than strategy and thatās me being kind.
Karl itās irrelevant that bhargav held all the way up and down, itās more relevant why he held and thatās down to board misguidance and lies.
I feel same as Bhargav. Itās like agreeing a coin flip and after paying up realising the coin is double sided.
Canāt believe people donāt get that.
We all know itās high risk but you expect a fair gamble.
This is closer to a scam
Anyone else remember when Brad was asked what measures were in place to prevent the Colombian saga being dragged out?
His answer was that he had ā recourseā if the situation became a āproblemā
Isnāt selling 9% equity for such a small
sum a problem?
If not why not
Thanks for the other crypto nudges Seingred, I do appreciate it and I get it that Arb isnāt fundamentally one of the stronger miners but but Iām using the 20p discounted insti placing price to trade under and over (managed to buy it back in 16ās and hey presto Bitcoin 56k arb 21 again).
When Iām done with arb Iām going to take your comments on board re. better fundamental crypto plays. My rule is Iāll only ever hold one crypto play at a time: If I lose a toe Iāll still survive! The rule I also imposed on myself at Omi about not holding more stock than ceo again hasnāt benefitted me but has saved me greater anger/ pain. I probably wonāt even buy Omi in 1ās as would mean breaking that rule. And if Iām going to break rules has to be with full conviction not out of frustration.
I will become even less popular here for saying this but unless Omi have another partner on standby getting 100% back is not a game changer on its own without a credible plan to explore in an economic manner that doesnāt include extinctive dilution.
Every dog has its day, just waiting for an exit at 5 now (adjusted my 6p target because of the 9% dilution and warrants)
I try not to look at Omi too much since the placing, donāt trust myself not to watch last webinar. So far ive avoided and feels like Iām
Winning in the most pathetic way I can imagine!
Seingred, Mushrooms lol kept in the dark and fed crap to eat? Or magic perception bending mushrooms
And then I ask myself how a potential JV partner will feel about being encouraged to invest in OMI when bod refuse to put own cash in??
If Bod ever decide to stop taking the absolute pxss out of their shareholder then I will have reason to stop criticising.
All the time they continue Iām going to say what I think.
If you donāt like it find a new school, Iām going nowhere until I sell and Iām not going to pretend to others that the situation is better than it actually is just because I got stuck holding this on the back of a false narrative
Iāve done loads more on AIM than you Rob over last 25 years Rob I can guarantee you that. I know how it works better than you.
If I go back over your posts you will made to look silly so just have your opinions and let others have theirs
The other argument was that Agnico were operating Anza so freed them up to do other things.
So now they are going to take back operatorship on Anza so they are not freed up to do other things.
Aside from the fact they are just liberty taking clowns, they are not liberty taking clowns spread too thin with too little money to make an impact on Value.
Yes I know that the early stage stuff has to be completed but thatās only because insisted on these other projects.
Verbatim quote from Brad
āMarket only ascribes value to drillsā
Yeah the old āfree hitā narrative. Donāt get me started on that again. After deciding not to watch last webinar I felt I did myself a favour but this is all SO enraging.
Nothings free in the market, everyone knows it, he knew it too.
He Just wanted to justify the introduction of unaffordable JVās because the remuneration committee gave him a target to intro 2 JVās to secure a payrise of 30k (150k per annum plus perks and options undervalued the CEO according to guess who? The remuneration committee made of Nick and Louis. Itās all in the docās for anyone that can actually be bothered.
The SP for the rest of us and the balance sheet came a very firm second to his 30k per year payrise.
Said frequently at the time it made no sense to increase SP at the time (and that assuming Colombia was going to plan!)
With Anza up in the air itās just kamikaze risk management but why should they care with their pitiful holdings?
If the bod could be regarded as simply weak but well intentioned you could make a strong argument for value at this price but I canāt get away from fact weāve all been played. The terrible irony is that it couldnāt have gone better for bod from their personal financial perspective,
-half a months CEO salary currently invested in his own equity - immune from the SP pain we all feel.
-the shockingly bad performance has benefited them as they have secured X3 more options because the SP has crumbled
-no incentive to move quickly with cushty salary perks and no proper voting rights
-no incentive to actually buy stock because the optIon package proposed by themselves and awarded by themselves gives them tons of upside exposure in a success case but no downside. Loads of free bets
Is all just appalling management or just very clever abuse of shareholders?
Hmmmmmm