Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Of course...they always do....and I totally agree with you!
The thing is, we will not know with this share, it could happen today, it could happen in a few years, who knows - all I know is that however long it takes i'll still be here...
Yes today there appears to be a presentation on the SEZ, then a signing of contracts. On day 3 however, there is a site visit to Maloukou Special Economic Zone, which is the inland SEZ, and not the Point Noire one.......If this was all a done deal today, why would you not arrange a site visit to the SEZ to the site of the port?
Like I said, I've been here years, before the EPP and all that excitement, so I'm not a deramper, but people read what they want to read...Patience wise ones, the ore is there and it will come out of the ground....
Prees, lets play with those numbers a bit and assume that Gas and Electric are split 50/50 (unlikely, but for the sake of argument)
Gas: 1 Therm = 50.5p (https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/)
Electric: 1 Therm = 29.30710702 KWH (1 KWH = 13p (av price) (https://www.metric-conversions.org/energy-and-power/kilowatt-hours-to-therms-uk.htm)
I make that about £21.5m growth.....If the split 25/75 (Gas/Electric) then that jumps to about £30m...
would love to get that increase validated and quantified further....not long to wait I guess
Clément Mouamba hosted a press conference on 18 July in Brazzaville to try to situate the views on the benefits of the macroeconomic reform programme with the International Monetary Fund (IMF), a week after it was signed.
According to the head of government, other partners have mobilized in support of the country, including the African Development Bank, which will provide 262 billion CFA aid, the World Bank about 171 billion CFA and France more than 89 billion, in more than $259 billion in imf credit.
These envelopes are intended, the Prime Minister said, to support his government's efforts to restore macroeconomic balances, clean up the state's finances and, above all, to restore the level of the country's foreign exchange reserves in the Central Bank level.
The hardest part is the implementation of the crisis exit reforms adopted in the agreement, admitted the speaker. "The approval of this program by the IMF Board of Directors marks the culmination of a long process of negotiations. Its success depends on the continuation of the efforts already made by all Congolese," he said.
Continuing on the issue of reforms, Mouamba said the programme will strengthen the government's ability to invest in infrastructure and social issues. For this, much of the first disbursement (80%) should be allocated to funding hospitals, schools, access to water and electricity, including 'Lisungui' social safety net programmes. "The agreement certainly cannot solve all the problems, but it is our agreement, let us support it," said the Prime Minister.
Negotiations with creditor traders
He also raised the thorny issue of managing external and domestic debt, which currently amounts to CFA 5580 billion. In this amount, he continued, there is the domestic debt of economic operators estimated at 1700 billion CFA francs and that of traders about 965 billion CFA.
While the government has been able to reach compromises with some creditors on debt rescheduling, like China, the treatment of domestic and traders' debt is not concluded. To do this, the executive promised to initiate discussions on the subject with traders before the end of the year.
In practice, traders withdraw enough crude oil to get a refund. A payment method that the executive wishes to change at the end of the round of negotiations. "That's why the government has requested a bona fide discussion with trading partners. This is a major point for the agreement to run normally," Mouamba said
https://tinyurl.com/y5dfe8w2
If you build it they will come :-)
A 1 trade is supposed to be mm’s communicating that there is an rns lodged, if you believe that mm’s do not have any other form of comms between each other in this day and age :-). All looking good here though, lth hold for me though cos one day this immense resource will be realised, just got to be patient. For me, woo was a smoke screen, just need the political plains to shift and then we are off. Gla, been here a while and not sold a bean, and won’t until we are producing.
Interesting thread on this from months ago.
http://www.lse.co.uk/ShareChat.asp?ShareTicker=BCN&thread=D760B0EC-156E-4AC9-8A1E-6D19EABC4C38
Personally can’t see us getting this far if this issue was still around, but would be nice for ps to confirm.
Welcome aboard oNco
I'm not sure where my last response went, but that 300k buy was mine, along with 100k at 10:54 which are all tucked away nicely in a SIPP. I've been here a while, and like others (lloydie) am down but not out. Aside from all the usual derampers, the "Only way is up", as Yazz (and the Plastic Population would say)..
Hmmm, plastic population, reminds me of some people on here...Good job I don't listen to them, and neither should anyone else. Objective views are fine, but the fundamentals are so strong here, that the upside speaks for itself without the trolls...
Its not just the nomad - how can VENN RTO Open Orphan DAC in a month yet we are still watching the tumbleweed fly by?
Can't disagree with that one...or maybe someone that actually gives a **** about their shareholders...
I've seen a few posts concerning the licenses held by PCGE, and whether or not these are of any value. For clarity, these are not just related to gambling, and are cited as follows (taken from an old 2015 investor presentation):
Through its subsidiary Sihai Geju the Company controls valuable licenses in China
Network Cultural Business Permit >>>License to operate cultural activities on the internet,including online games such as poker. Provides ability to issue and manage ‘virtual currencies’
VAT Business Permit (ISP) >>>License to conduct value-added telecommunications business such as games and information services via the public mobile telecommunications networks
Permit for Business Operation of Telecommunication and Information Services >>> License to publish and monetise games. Including sale of lottery products and information services on the internet
Short Message Service Access Code Certification >>> License to generate income from premium-rate SMS codes
issued by the mobile network operators
Can PCGE capitalise on these remains the million $ question??
Sam, I've been topping up here for too long now....I've tried to shrug off the negatives, but in all seriousness, what is it that you still believe in??? investor show after investor show with promises a plenty, but nothing has materialised here in years...
Let’s wait and see. We’ve all been let down so many times, but at least it’s finally some comms and damson actually putting something out.
"Chairman of PCGE Richard Poulden will be speaking to @AndrewScottTV from @Proactive_UK tomorrow, following the announcement that the Company has acquired all of its outstanding deferred shares. We will let investors know as soon as the interview is available."
"We are not planning on bad news....."
Thanks Sam....Whilst i did notice a few broken links on it, bi have to say it does look more appealing....all we need now is some good news on there!