Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Good piece by Darcon on ADVFN which explains PH reasons for the "50p" bull****.
I've now read the Peel Hunt report and I agree with Scot126's preliminary analysis that there are a number of errors and some of their arguments appear purposefully one-sided. The latter is to be expected as Peel Hunt are sweeping up all the arguments for the sell-side case.
We now have a number of buy-side analyst reports (Canaccord, WH Ireland) and a sell-side analyst report (Peel Hunt). All of them, including Peel Hunt, acknowledge that the risked NAV is currently well in excess of two pounds.
Peel Hunt's sell recommendation is predicated primarily on the following catalysts reducing the risked NAV, which even Peel Hunt value as currently being 252p: (1) Alkaid-2 operational failure in July; (2) Alkaid-2 flow test subsurface failure in 4Q22; (3) no farm-in or low farm-in valuation in 2023+; (4) Talitha Kuparak resource downgrade in 2023+. Peel Hunt's core argument seems to be that Pantheon's lack of operational cash-flows after the coming Alkaid-2 work will mean that Pantheon will have little room for negative results and the stock price will suffer similarly to 88Energy and Hurricane Energy.
These are all catalysts that have previously been discussed at length on this board and I think most of us accept that a lot of value rests on Alkaid-2 proving up management's thesis.
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Someone posted an article a while ago that explained how the MM’s try and relieve you of the golden tickets and what’s happening now is exactly how it read, take it up, drop it down slightly lower and repeat, don’t let ‘em have them folks.
“One day you may be richer than your wildest dreams Scot on the back of Bob and Jay. But I guarantee you this - you will never have any mates, friends or buddies. Fact. “
Gold stinger is that the best you’ve got,absolutely ridiculous post,do you imagine Scott or anyone else is here to make friends if it were the case give me Scott every time, grow up.