Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Lack of simple business understanding. Really? I'm doing very nicely thank you. I believe that farming down Orinduik was the best route (rather than fundraising and diluting all assets), but $12.5m for 25% of Orinduik seems low when there was already a bonanza going on around them.
The share price has raced ahead a bit and needs to tread water for a while. However, the new cornerstone investor indicates something pretty significant is in the offing and, as many have said, he's not here for Wick. I'll hold and sit tight even if the share price eases back a bit. When news drops, there'll be a tiny chance to get a few - best to hold and wait, in my opinion.
dougal, Some of those LRGS trades were mine and one very large one was a sell. I had bought into GBP with the hope a decent CPR, but the 12% CoS put off a lot of people and I followed them out (but not as early as I should have). There may be someone buying in bulk here, but I believe that you are misinterpreting the LRGS trades.
If the govt did that, Snape1, then they'd have trouble getting other explorers in the future.
The BoD is pretty busy but the deal that has been made that will create more interest is the 20% farmin to Tullow's Jamaican blocks. Tullow doesn't hang around. The 3D will be shot and processed, prospects identified and drilled. UOG shares will rise in anticipation. This is without the drills already lined up for this year.
jazbo has a point and in that respect, buying or holding GBP shares is a bit binary - Farmin or no Farmin. For me, the subtext in the RNSs together with the wider developments in offshore Namibia make me think that the farmout will happen. The odds of farmout v no farmout make it worth a reasonable punt here (for me).