Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Clueless, there is a large difference, in being cashed up by an initial JV, with a clear financial strategy than, constantly lieing and having to shaft your shareholders with placing a and lies.
Both companies have been shafted by the spod price but that is the only thing they share in common.
Noone can account for a macro like that.
The company will carry Synergia Energy Ltd. for up to US $10 million for Synergia’s share of
capital spends in the Cambay PSC, through an agreed work programme (“WP”) comprising of
3 new wells including 1 horizontal well and workovers in 3 exiting wells.
Specifically says covering Synergias share. Black and White.
People who sold high yesterday are now trying to spread fear and lies. The agenda is so clear.
The company are NOT placing today. It'll be a pre requisite of the JV that they need to demonstrate they can place it they ever need funds in the future.
Also the company is not valued on the tiny 20m USD that's been posted by some who clearly sold yesterday. Look at the big picture. PI's Been taken for a ride here by some. Left holding at the top now.