Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Ironhide, before relist, 0.80 was the among the most pessimistic predictions. And I foolishly thought 'well maybe I won't get 1p or more, but at least it's going to double', thinking I was being sober and cautious. It's so easy to buy into these narratives, our greed and hope are the first barriers to success as investors I suppose.
I think most investors have had traumatic experiences with stocks that don't reflect our optimism. The market will react to concrete progress and will ignore possible progress, it will react badly to delay. I've seen this every time so far but each time, people on the internet think the market will buy on potential and overlook concrete setbacks. Copl is likely to react well to good news, badly to bad or non-news or excuses, like every other stock.
What I wish I understood better is the level at which a stocks potential/assets creates a floor below which it is unlikely to drop. Copl may be at or near that level anyway.
'don't get freaked and sell by 3rd quarter production being a tad less than 2nd quarter results, it has been mention that there have been issues trying to facilitate the increase in production'
Did he say this? I must listen more carefully, but I didn't notice this implication.
It was a good interview and reassuring for holders but it also mentioned a delay for the fed deep and he also basically said no news until q3. If I were holding it would make me very confident but I'm not convinced to get back in yet.
Maybe, but i'd like to test your theory with more subtantial news.
I wish I had sold on relist. But it was a fantastic lesson.
I remember the most pessimistic prediction was 0.7 I think, 'but the buying pressure if it relists at 0.7 would be immense'. Now maybe this was all honest, but if not, then the sheer cleverness and energy involved in creating a fictional reality where this was certain to return at over 1p, and perhaps thus ensure there were enough holding as they sold, was incredible. I don't know if it was like that: maybe it was genuine optimism; it doesn't really matter, what matters for me is that I resolved never to listen to shakily founded optimism on stocks ever again.
That's the lesson on this and many, many stocks/boards. How could it not be? Are we here to discuss stocks or hawk them?
We need far more pessimism and cynicism and realism, because despite the occasional 88e hype train, 9 times out of ten those qualities reflect and predict the markets.
Anyone have any thoughts as to why Canaccord are selling?
I did google them and found this https://citywire.co.uk/wealth-manager/news/canaccord-genuity-completes-54m-adam-and-co-acquisition/a1563823 .
With sells of 4 million shares then it can't take long?!
Might the high expectations created over and past the suspension actually be hampering this stock? I mean even the CEO succumbed to the hype.
I don't actually think the hype is necessarily unrealistic, just damaging to sentiment when the best case speculations don't pan out immediately.
As soon a big buy comes in it gets knocked back by a small sell. In terms of volume though, it looks as though the buying is much higher if all these 20 thousand pound trades above 2p are buys.
ah, my phone changed it to lowercase, the link is good
invite link has expired
I'd like it to fall to the low 20s so I can get back in so I don't know why I'm saying this but: yes, the value is surely in the incline curve. There are other stocks, there's always another with potential, so it's not a free pass - good leadership would see the value realised earlier. But if the production ramps up and up then erratic management will probably be overlooked.
Cheers leathal.
Yes, it's definitely part of the issue, but even with it the company will be banking healthy revenues. I'm just a bit confused as to exactly how it works out after reading the company reports.
Yes, I could join telegram; I've been thinking about it.
How much at this price goes to the windfall tax on gas in Romania?
The problem is the same as with many small producers in the covid recovery period with continued restrictions and bottlenecks. They have well-thought out plans but can they execute them in time to take advantage of the oil/gas prices?
But, whichever way you look at it, the money coming in for the forseeable future puts them in a strong position and gives them more options. When that filters down to the share price, I have no idea. Serinus seems to be perceived as a company that has failed/is failing. I don't think that is actually what is happening, and I'm pretty sure the board don't see it that way at all.
There are companies with few options to grow in the medium term, and commodity prices won't change that. But for companies like SENX with if anything too much low hanging fruit to pick, these prices could be transformational.
Well, I'm losing money again on Serinus Energy, but at least I can get the popcorn out for this.
I wonder if COPL is analogous to Charles Bronson in that Tom Hardy flick: a performance art piece disguised as a business.