Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Uggy100 :
Any RNS published and the name of RM appears making a statement, I just take with a" pinch of salt" this man is deceitful /lying person.
In todays RNS the CEO Bo Møller Stensgaard states that the pilot plant re started and processing recommenced earlier this year.
So why wasn't there a RNS in the concept of an "Operation Update on Bulk samples" published?
No Way! This company think that posting a RNS (25/08/2021- 7997J) informing all that they have moved their registered office, which is now in Chinatown above what resembles a small restaurant is more appropriate.
Going back to my post at the start of the year(January 2021)
"IMO I think this company is getting all their ducks lined up to sell on to one of the big players in the mining industry".
This is what they have been trying to do and have not been successful, in fact they haven't even managed to get a major company on board on a JV agreement
One of the main reasons I think they have failed, is that they didn't get nowhere near the yield when processing for the high grade material from the bulk that they produced from their pilot plant for testing/ assessment at Rio's (RTIT)smelting plant.
Hence IMO with the appointment of a Project Manager, Jay are now going to have to go this on both the financial and operational concept on their own, and that's only IF and IMO it is a big IF, this premier European Investment Bank is to act as the lender is assured..
With this being only after the completion of project due diligence and obtaining all relevant internal approvals including credit approval.
There's a long road ahead maybe we now know why the recent interview/podcast with Bo Møller Stensgaard was taken down so quickly after been aired.
Echoing the_ watchers posts on the time scale I will be seriously considering in selling a large % of my holding by the end of this week ( I intend to keep hold of just enough to qualify to attend the next years AGM to see the whites of our lying Chairman's eyes when I will ask the other questions that i e-mailed several times) staring nearly two years ago, also have sent by recorded delivery and most recently hand delivered to their reception desk at their new offices.
Remember RM it's a small world.
Going over the last 11 months reports posted in various RNS, here's just some of the highlighted statements made:
Close to Eleven months ago:
RNS dated 23/12/2020
"The delivery of this key milestone does not mean that we can rest on our laurels, and we remain focused on delivering the other work-streams required for the successful development of the Project. We are currently in discussions with a number of entities regarding project financing and these are progressing well.
Nearly nine months have passed since this following statement:
RNS dated 15/02/2021
Bluejay is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.
The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current projects and future acquisitions.
Then below are snippets taken from two significant statements made in the final results
RNS dated 24/05/2021
The Company is also advancing constructive discussions with various other Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.
During the year we achieved two key milestones at our most advanced asset, the Dundas Project, and, having received an Exploitation Licence and reached a distribution agreement, the next major milestone is securing project financing. I am confident that we can deliver an outcome that will enable us to bring one of the most significant mineral sand ilmenite deposits in the world, into production and, with progress on this made in the early stages of 2021, it is shaping up to be another year of delivery at Dundas.
Finally these are the statements you made in the interim results
RNS dated 14/09/2021
On a technical front we continue to progress the engineering optimisation and cost saving studies for Dundas which are now in the LATTER stages of completion. Added to this the Company has received Letters of Interest from three International Export Credit Agencies and we are close to finalising discussions with a focussed group of banks to create a strong consortium of partners suitable for this development..
Each of these statements that support the RNS's were made by our CEO - Chairman: Roderick Mcillree
You've made these Rod and they are there in writing now let us see this ongoing saga come to fruition if not then stand down because you have failed as head of the company..
CaneToad : You say you've been here since the start of the year!
Spare a thought for some of us pi's that have been here since 2017,with promises that things will happen operational in 2 years time by the deceitful RM.
Chrisdp86
At least he's honest about his buy totals, we've all no doubt come across those who would of added at least three 0,s to their volumes.
As you say we've all got to start somewhere and lets not forget its the % increase that you aim to achieve in this game
Manchester, UK 6 August 2021: Yourgene (AIM: YGEN), a leading international molecular diagnostic, the word LEADING Leading in what!!! They can't even negotiate the correct price to their suppliers on the little volumes of sales that they do make.
That's why they never disclose a breakdown of financial figures. (RVC's) Revenue v Costs.
Typical YGEN!
They even find time to make an error / false statement in the opening paragraph!
Davand : That's why I used the words few/more than likely the majority.
And not all!!
andymiller486 :" bet we see a rise before I can buy".
Nah You've got no worries there!
Colsoul : "instead of standing up and saying sorry I’ve f****d it up".
I bet a few (more than likely the majority) are thinking that to ourselves when we invested in this share.
Uggy 100: He made this statement in January which is the first month of a New Year, and who knows he might have made a new years resolution not to be deceitful, but there again it was said by him around about the 9/10th so he would of still had £ notes in front of his eyes after selling 20m shares.( I bet he didn't get that date wrong when he expected the £2.9m to hit his bank account)
This is a snippet taken from the other website, that was posted on Tuesday
"Disko is a frustration I agree, so much for RM’s stating in January 2021 saying
"We expect that there will be significant news on Disko in the next 3-6 months. Well that runs out in 4 days!"
Times running out even more now RM with only 2days left now!!
Or was this like many other statements that you(RM) have made being incorrect or once again could it be that your BOD have failed to meet the targets set at the time?
Todays RNS is only a proposed transaction with Jay should be receiving £25k payment within the next five days.
This will be followed by a payment of £250K only on the completion of the Proposed Transaction.
Jay will also receive a value of £3.725m worth of shares, but only if Metal One raise at least £3m from the issue from new shares.
Metals One have only informed that it intends to seek a listing on the AIM market of the London Stock Exchange in 2021.They have yet to prepare or publish any formal documentation of AIM admission as yet.
Finally as the last paragraph states : The Proposed Transaction is subject to formal agreement and completion of the outstanding conditions. Shareholders should note that there is no guarantee that the Proposed Transaction will be completed.
So SnipVW JAY have not received £4m( and definitely not($4m) out of the blue.