Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
ABSOLUTELY DIRE!! Excuse me if I don't seem surprised. Just another part of the history of problems at this company. Glad I completely sold out before yet another calamity!!
Thanks mate....really interesting points you have raised. I have just read it out to a friend. I'm kicking myself for not selling outright and going over to SOLG. I was considering it when members of their BOD had made massive buy-ins to the company. I realise why now!!! The one thing that really riles me about AVM is the lack of confidence shown by the CEO Mr David Cather and the BOD in their own company. NO BUY-INs here!! I know other shareholders have issue with this from previous comments made. Even after ANOTHER rescue package has been thrown at them to develop mining at Tri-K. So my message is.....I've always said that until management show some confidence and leadership here, this companies going nowhere. Surely after an investment like this someone at AVM would show investors that they know what they are doing by investing themselves. But it's not happening and until they do I think there are much better choices around.
Continued dreadful performance of this company. The BOD and the CEO have to take full responsibility for this. They should all resign immediately shareholders have surely suffered enough. I just wish Elliott would intervene. Surely, they have had enough, as the major shareholder.
Thanks mate for a positive and optimistic post. Sorry for negativity. You're absolutely right.
Better late than never....as they say! Sent the share price rocketing...like a damp squib. Think many shareholders gave up on company along time ago....can't blame them...wish I had!!! Just poor management over the years. Still reckon they should get the broom....and have a good clear out.
I'm sorry for being negative fellow Avers ....but..... I sometimes wish Elliott would call their debt in .....and putall well us out of our misery with this company who are .....laden with debt...seemingly going nowhere and never meet deadlines....oh...and have been racked with operational problems over the years. Wish now I had moved all my investment to SolG!! Hope you patient investors out there are all well...X
Think it says in the last report (please correct me if Im wrong) that if talks with potential funding partners become prolonged (go on past September), Elliott may lose patience and call in their debt. This would be the end for this company as a going concern. They have failed yet again to meet the end of September deadline to bring shareholders news of developments as they said they would. Anyone as sick as me of this companies failure to deliver?
Totally in agreement with you guys, good positive, meaningful stuff. Always have my doubts about negative posters.. They always turn up.... Whatever the weather! I always laugh and switch off when someone throws the Royal.... WE.... type comment into a sentence...Zzzzzzz! Let's keep it upbeat... Things are going really well! X
Thank you nice to hear from you too. Yes I've still got a wee holding here...haha! It's good to have a little stress in your life. Think everyone knows about the element of risk. Great to see a move forward in SP after a lot of patience from investors, who still comment on this site. Let's hope all the bad news ( breakdowns, strikes, etc) are all consigned to history and we can have a prolonged purple patch. I agree with you, I think this could be a shrewd move that benefits both the company and the shareholders
Considering the positive outcomes of this little exercise. Could be an astute move by the company....we may end up with less shares with a higher value (same overall value).....but a higher SP, I hope will raise a view potential investors eyebrows and generate more buys. Very possible, fingers crossed!
I can't be critising you then can I? I didn't see the word 'dilution' in the RNS?! I apologise for the use of the word inaccurate.....misleading was probably better, due to the lack of information in your initial post. Thanks for clearing it up. Anyway, if you've sold out...it won't bother you. Good Luck.
Fellow investors please read the RNS yourself. It's a bit hard going for someone like me who only has a cycling proficiency qualification so I phoned the number of the companies registra given in the message. They don't know anything about it!!! Soo I phoned my investment company (in Leeds)... Very helpful!! They will release more understandable news about this next week, on their site. The post below is inaccurate as it doesn't mention an increase in share value or that the consolidation process is to comply with rules / regs of the Norweigien Stock Market. It also fails to mention that the RNS states that share values will not change and gives a table of examples to indicate this. Hope you're all well.
Good volume today.... 2.5m....chicken feed....Premier Div stuff on the Oslo Bors.......9.5m!!!! Might buy a few of these... Could be a good investment. Sounds familiar Lofty lad...haha!!
Great post...made my laugh! Been watching the trading volumes on the Oslo Bors for a week and they always seem significantly higher than here...until today that is!! A step in the right direction... Let's hope there's more to follow! Hope everyone's well. X
We'll...I'm surprised it's taken so long....1 point something P beckoning....tomorrow maybe!
Good on yer mate, seems the only people who are prepared to do anything about this lot are the long suffering shareholders. Got to say...think it's absolutely disgraceful the lack of communication from the company. I'd say sack the PR/Comms personnel...but like the FD...he left some time ago! There's so many unanswered questions about this failing company...that have been swimming (pardon the pun) around for too long now. Say something Cather!!!
'Watch out below!' Few more decent sized holders getting out...can't blame them...me next....with the lack of news...
Never mind tomorrow's another day...Com on AVM....let's have some positive news and a little blast of upward momentum...haha!!
Never fails to empty the pockets of Investors. Surprised to see people still investing at this price. Look at the charts folks... No end in sight to this SP drop... And NO NEWS....as usual....for Investors i.e. funding present...funding future....what future?!
Seems to be heading sub 2p...sub 1p maybe, wouldn't surprise me! I have held here for 3 years... And am now in the process of reducing my risk here...which was significant! Like what AMA are doing/saying...so that's where I am...with a small holding here still....so that I can justify my criticism of the poor way that this company continues to be managed and the effect on the long suffering shareholders. Massive debts here and problem after problem...I'm sure you've read the reports. Good luck whatever you decide to do....