Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Worst case this hits 2p and then rises again to recent levels/even higher if/when new partner aligns (many interested)
Best case (and much more likely) is the deal structure is sorted and we see a quick reversal and we are back to the uptrend we were on a month ago, just about to receive payments and upcoming ipo
Very confident based on what I an reading.
In short, AE have ‘requested’ to amend the initial payment terms for some fairly understandable reasons.
Both parties working together to find a simple resolution and move forward as planned.
‘They have been written to formally. I am 100% that we are going to be quite firm’
‘Either this is going to get resolved speedily of we are going to move on. We have one of the few Dev stage assets in Asia, we will move on and there will are other options’
‘Nothing gets handed over to them in terms of assets and payments have been made before so I am sure that the risks were weighed
‘Tony and James are tough negotiators, they will do what’s best. I’ve no more info at this point but the aim is obviously to wrap all this up as quickly as possible’
‘I can say that a formal response was sent yesterday and that there is a meeting pending’
‘We remain very confident of completing this important transaction with and will advise the market of any developments as soon as it is practically possible to do so’
They are hoping for further clarity tomorrow.
I do think this is a bit of an over reaction although I personally am not impressed with both sides and communication has been poor since the promised update session recently.
For clarity, I have sold today as I thought market would push it down lower and potentially buy back in the 2s. Perhaps that was too hasty. I have no doubt in time this will climb, possibly short term, possibly long term.
We will see