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Possibly, but no sells were above 59.5p during the day. The last few buys may have allowed a sell to creep through at 60.5p. Any small amount of buying allows JCAM to offload a few more. It can be hard to nail down these mid-price trades. It may have been a late print trade, so from buys earlier on, but as you say, it may have been a sell. If it's a sell at 60.5p, then that's good news as the bid is rising a bit :-)
Hi Revoy, Other O&G shares are pulling ahead and this one, after a promising Jan & Feb, is now treading water. I'm overweight in this so it's not helping monthly portfolio stats at all, but I just have these sense that it will come good and when it does, it will do very well. There can't be many AIM O&G tiddlers with 11million+ barrels of ready-to-flow, quick-flowing, next-to-infrastructure good API oil....in a safe jurisdiction. This one is testing my patience, but I've been in shares where I sell down to chase action elsewhere and, boom, action happens where I've just left! Patience, I believe, will be well rewarded.
In the past, I've noticed that even if some posts are deleted, they still figure in the day's post count. (This happens a lot on boards where some posters always have a go at each other and descend into acrimony!) It looks like LSE has had a bit of a glitch today (it had other software issues today). The post count now looks correct. Thank you for your help :-)
I just need to clarify a comment in my earlier post.... Hugh won't need extra cash to keep the lights on for a while yet, but the falling cash position will start to weigh on him and will give leverage to anyone negotiating with Europa. No one ever expected Wressle to take so long, yet here we are. And the light at the end of the tunnel isn't switched on yet, so to speak. Ireland eats up fees with licence renewals and the there's the cost of the constant reworking of old 3D Seismic by outside consultancies. So, there's cash to keep the lights on for while, but not much cash to do anything else and not enough to feel safe with, not with that level of cash burn across 6 months. A pity as this could be a good company. All imho, dyor, etc.
That's a fair drop in cash over a six month period. With the slow progress in Ireland and the mess that UK planning is now in for onshore oil, Hugh will be handing round the hat again before the end of the year, imho. Without any certainty of Wressle's extra production, Hugh will have to offer a pretty substantial discount to keep the lights on at Europa Towers, imho. Starting to become bargepole-like :-(
News this side of Easter seems a bit unlikely now. The 30th Round award will, if it happens, be of great interest. If it's an relinquished block, what have Neill & Co seen that others didn't? Or is it that the economics now stack up with POO being higher than two / three years ago? I'm looking forward to some drilling in Liberator.