Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
For those on here who have averages higher than some of us LTH's, I really wouldn't give it a moments thought.... our capital investments will look insignificant in six months time compared to the profits.
When this reaches £10 then:-
100k shares bought at 80p = a profit of £920,000
100k shares bought at £1.50 = a profit of £850,000
Obvious I know to most, but maybe not to some on here.
I have a good friend, that I've known for over a decade, a household name in the investment world, highly respected, who has a massive holding in this..... he is more excited about this share than I've seen him in any anything else during this time.
Hold onto your shares, it won't be long now... some exciting weeks and months ahead. I'm not saying don't top slice, it's good to de-risk.... and nothing is guaranteed in life....
..... but if I was you, I wouldn't sell them all.
Apologies if a bit rampy but I really believe in this, and in RM to pull it off. To me he looks like a man who already has!
HarChris... yes, I think they have very different goals.... though IMO the common goal should be to save lives. The Recovery Trial seems to be focusing on low cost off the shelf meds that can be easily distributed in large numbers. Dex was a great discovery.... but they must be running out of ideas now.
Maybe if I didn't have shares in this and I was being 'generous in thought' towards the Government, I would take the view that SNG had private funding to pay for the trials.... so they would get done anyway.... and that they needed to focus on treatments that no one else would pay to trial... as there was no money in it for them if proved successful.
However, if Phase 3 proves to mimic Phase 2, this means that their exclusion in the Recovery Trials, and slower EUA, has meant that thousands of people have died, when they probably wouldn't have. The repercussions from that fact, if proven, will make people very angry.
I also think that The Recovery Trial priority over all other novel therapy trials in the UK has not been helpful to small pharma.... RM has intimated this, and received fast track status due to him pointing this out, I believe he said "without Fast track approval, any novel therapy trial would have to walk past the UK" (due to the Recovery trial taking all the patients... or something similar to that!
HarChris..... In one of RM's videos he explains a few reasons for including so many countries in Phase 3. One of them was that they needed to chase the virus around the world.... if a wave ends in one country (as it did to our UK Home Trials detriment in the summer) then they can just enrol more patients from another, where the numbers are higher.
When numbers were high everywhere, people on this board criticised RM for not making the trial simpler, but we know this can change very quickly. We also don't know how much the Recovery Trial exhausts the supply of covid patients, and to what detriment to other trials, including ours.... I suspect quite a bit.
RM has had a lot of experience in the many challenges of trials... and he has done his best to make this one watertight. Keeping control of these trials in as many ways as possible has to, IMO, reduce the risk for error. I personally think it was a good thing we didn't get involved in Recovery.... who trusts Horby anymore? Or the Government?
And what outcome could be better than having FDA fastrack/inclusion in Activ 2 in USA..... RM is a genius!
Org30.... what do you mean "suddenly"..... when has Richard EVER said T/O was the preferred route.... ??
Unless I've missed something, RM has always said that he didn't need help selling this to governments/stockpiling. From what I heard J/V was always his the preferred route. Why would he give away 85% of the profits to a Big Pharma, just so they can sign a few contracts?
T/O now doesn't make sense when he's just done all the heavy lifting to get to this point.
RM looks to me, like a cheshire cat who's just won the lottery.... but can't tell anyone yet.... integrity oozing from every pore of his body.... I bet he sleeps well at night..... not a man about to have a stress induced heart attack..... IMO!
Org30.... I once had a friend who would order pudding in a restaurant, ate half, and then put her cigarette out in it..... "that's gross, I said, why did you do that?" and she said, because if she didn't she would carry on eating it and feel sick. It's a discipline.
PMJH has nothing to hide, he ealised he was spending far too much time here, and it was becoming unenjoyable. You may call him deleting his account an over reaction, I call is a discipline. And I totally get it.