Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Boring, equity including debt is worth £2 as per half year (conservative estimate of £1.50 to account for maintenance)
$36m profit on a like for like basis as per half year
Majority of debt is related party (accrued interest) so non operational
Try harder
All IMO
You were one of those in and out people Gordon, let's not pretend.
May take several weeks/months to get back to 3 digits but wouldn't be surprised at all if it were to breach the major resistance level over the next few weeks.
Ignore the noise - they've essentially cost people a 100% rise from 8p, pure jealousy and nothing else
All IMO, DYOR
Minor at 47p, 52p, 68p, then big at 75p and some smallish ones along the way for a move to 122p+
Patience will pay off, FV is nearer £1.50 or so IMO
Been waiting weeks for this breakout and called it too, see my history
DYOR ALL IMO
Who cares as bout debt when net assets (which includes debt) is £340m or so, plus majority of it is with the owner so it’s not a big deal, the profits can service the other parts
Said many times before it’s exactly what happened with RM massive drop on liquidity event down to 16p to now £1
All IMO
These guys release like 3 rns a year and has minimal volume, so likely a sleeper share with no liquidity until the liquidity event happened, pr was probably sleeping as nothing was ever done
Research on how much 1 tcf of gas is worth then realise there’s 1.9 tcf worth
Then look at the mcap and possible re rate in front of you
All ImO
No such thing as a dead cert, if that rns was released it would’ve dropped to around £1.60-£1.70 from £2 no doubt maybe overextending to £1.40 before ‘overdone’ traders come in
What happened instead was a drip feed on no news and volume with a kitchen sink at 5p or so before the MMs finally churned it a few days ago, then there was panic of de list or someone with inside info bailing
Then a massive reassurance rns today, let’s see what happens next….
The mother of all re rates back into the £s hopefully
All in my opinion
42m x 85% margin is still a profit …? Once maintenance resolved then revenues back up….
How about get on a plane and help with maintenance? Least you can do after scaring people out at 8p, costed many hard working people and families trying to make an honest living in the cost of living crisis with your 5p bs
Move along
All IMO
Here you go you bell, do the maths, revenue to profit is around 85%?
Consolidated reported adjusted revenues, operating profit and profit before tax for the interim period ending 30 September 2023 were US$ 26.18m (US$ 27.42m interim 2022), US$ 22.61m (US$ 22.72m interim 2022) and US$ 22.63m (US$ 22.68m interim 2022) respectively.
Bell.
It means there’s no delisting or something sinister, it’s still generating $36m in profit and it’s a response with a bit of strategic unlocking and a significantly undervalued statement
The market liked it, like I said where’s the compensation for people that missed out from 8p due to nonsense FUD? Hope you’re looking out for them ?
Rockets next week and eventually back to triple digits
Said all along it was a liquidity event, but a small hiccup and revenue drop didn’t justify a 95% fall did it…? Maybe 40% at best
All IMO
As said before just need a bit of patience, exactly the same happened with RM, massive drop no news silence and no liquidity for a few weeks and boom back up 5-6 fold
The companies traded for donkey years and seldom releases any rns, typically no volume so any large sell had to be taken by MM at low price
The activity suggests the last of the overhangs done so wouldn’t be surprised to see a big move now….. again just need patience
All IMO dyor