Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Can't believe this Co is being run now with total disdain to shareholders ! The only thing I can think of is that they know they are on to an absolute monster & are being professionally inept to keep the share price down until all licences are sorted. Would be hard to explain otherwise.
Very quiet today so I thought I could start a little debate.
Does anyone think the 5000 tonne sample SC wanted existed ?
Could it have been another way to keep SP down and company under the radar until all mine licenses etc granted so nobody else could sort it first to steal from under co’s noses ?
Ha ha, good one Cayman ! Maybe the RNS would be like this - we, the co, are not aware of any reason for this small SP increase, and due to strict NDA’s we have with our Chinese masters will be giving limited information in future in order to maintain a low SP ......until all is revealed -)
I’m confused, BA delayed the JORC for 14 months in order to have as large a maiden resource as possible, yet only included one prospect which was pulled apart ? BA would have known well in advance if anyone was required to visit the site and is a geologist so should know what is required to have the correct info for the JORC. I’m a LTH so doesn’t matter in that way but he really does need to do more to gain trust. Still get impression this will be in top 5 of lithium worldwide and being kept under wraps for now.
Good replies & posts you three. Will feel good to be back in profit, been in since early Jan 2016 and hoping to keep most for long tterm. There’s been some really good posters over the last 18 months and good luck to all !
Nobody would think a JORC is right around the corner, that is if BA keeps to his word this time ? What will happen to the SP JORC day ? No one knows and with this share no one can predict. Will the MM’s let “the market” find the SP or is there another well rehearsed plan in the background to keep SP low for SC’ benefit?........we will see soon enough.
Probably right Jaffas, there seems to be every trick in the book used in the last year to lower and then subdue SP.. if it goes up quick again SC will probably say they want Lord Lucan to analyse the 5k tonne sample :). Day traders selling knowing full well impatient will sell, then day traders buy back in next week. Rinse repeat for another few weeks then!