Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Well someone just bought 17k £
Definitely on the turn, just need good progressive news from now to Xmas to make this work! Need big numbers in and out of the board room !!
On all my stock market apps IOG seems stuck on 9.45 am and nothing is showing after this. Anyone else having issues ???
Also when they are vocal the share seem's more volatile and a pattern of buy and sells with similar numbers?
*Shorts sorry
Is is coincidence that the heavy days of debate with curtain people hasn't happened today and the buy's and sells seem slow??? Yet when all the noise was happening the price seemed volatile?? Is this just coincidence???
Where are with the sorts now are they out?? thanks......
Agreed, these conversations are so much better and constructive.
Thanks to people with clear informed information that is neither ramping or de-ramping trying to influence the share.
Yesterday was a shocker of a day & not great for the nerves, especially with the negative posts.
What is good to see are numbers that make sense, it's tight! But what I like here is that there are options.
It's no quick fix but things can happen and the potential is still here. One person on here keeps quoting patients and that's where we are, give it time & let's see what the BOD do because options are there to be explored. It's good that people on here keep discussing objectively though to keep things sane!
If you go back to last week or not far after the RNS there is a lot of good discussion about all the questions you ask.
But in brief
Debt interest paid quarterly
Cash flow stable but very reliant on gas prices.
Projects being assessed but reliant on the any cash generated or other partnership revenue.
The bond need renegotiating asap to bring confidence to the market and future plans.
The last constructive talks added an extension to allow IOG to get to this point. I believe if it is not in the interest of the BOND holders to call it in. I see a 3 year plan in the last RNS. Options are there and it looks like the board are exploring these in full. Lots to play for!
They will have money to pay the interest and running costs as it stands. Correct I don't see they money in the bank to repay the bond in a year. Cash flow can definitely increase with gas wholesale prices over this period. The RNS clearly states ongoing constructive talks with the bond holders and I'm of the opinion it's not in the interest of the bond holders to call it in. Looking at the detailed portfolio prospects outlined there are plenty of options. The new BOD are look to negate this company through a tough period. The reason a new Financial guy was added was to navigate through this tricky period. There are people on this chat that have a lot better knowledge that me of this industry. But it looks like the board is being pragmatic in its approach and creative in it's thinking without wanting to take on too much risk. I see the bond extended and a process through this.
How many shares did they have? couldn't see on the board. thanks
Hopefully that's the bulk sell over then and we can start to look forward.
It does seem to be settling down if the case is that a major share holder is off-loading?
Some large numbers being sold again this morning, bounce didn’t happen yesterday, fingers crossed for a turnaround at some point today.
People mentioned IOG putting themselves in the shop window?? Would anyone like to hazard a guess of SP if this happened? Just trying to cheer myself up ;-)
Does feel odd, no short term money to be made? Why would LOG drag it down ?
I read 'communication' and didn't know what that meant? can anyone add any info to the meaning of communication in this context, seems like a strange word to use. Thanks
i'v just re-read the rns and i'm only seeing positives?
iog looks like it's stabilised?
steady flow of gas guaranteed bringing in income.
( someone said the other day it may be reliant on the gas price so currently it may feel we are dealing in a commodity but gas prices forecast to go up)
financials are being handled, it may be tight currently but they are being dealt with.
the board look like they have learnt from past **** up's and have a plan of action to remedy past issues where possible.
also using this knowledge in the scenario's lised in the rns they have strategies going forward with lower risks & excellent rewards.
it look's to me like they have run the numbers and have options going forward whilst stabilising the situation?
a good strategic rns with scope.
gripe! my issue with this share is it feels like it's being played by shorts and is there some insider dealing happening here? shorting for 2 weeks has been a big ask and they have it right?
not happy with the decline over the past 2 weeks and the drop over the past few days is unsettling.
i'm in low 5.5 with a hefty chunk so not to stressed but seeing it so volatile is worrying.
no money to buy more, spent it all recently here!!! ;-)
the drill was stressful but this feels like a different stress to that because i see the rns as a big positive as stated.
in short, the potential is great, they have a plan b,c & d going forward clearly stated!! financials tight but gas predicted to rise!! we are stabilised with cash flow coming in...........all good
i read all the posts on here both good and bad to absorb all the information and appreciate the in-put. thanks
Would LoG sell in chunks like this though? Wouldn’t they off load that in 1 transactions if leaving?
@moleinahole (sorry) with regards to SP if a buy out was on the table? Any guesses?
What price would you guess the share to be if this happened? Thanks