Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
This morning on the identity of the new owner of 10% of the company whose shares are likely admitted to trading today. They may all have been forward sold already of course so we may never be told - but it’s simply weird that we’re being kept in the dark here while someone with clearly better information from AMC than us doubles his money in a day.
I hope someone at the AMC board Is paying attention here. Loyal LTHs have reached some sort of threshold of disillusionment with the frankly disdainful and arrogant attitude of RY and the board towards us. This secret deal may or may not turn to our benefit, but the total absence of any attempt by the BoD at communicating strategy and direction over the last year to 18 months, and even of any attempt to explain their failures to keep previous pledges, has left a very sour taste. The annual meeting will be a PR disaster for them if this continues.
And one more question left hanging: what’s the significance of the three-month deadline? Riverfort now a last resort funding source? The BoD expecting to wrap something up by February? Or just making decisions on the fly now and applying sticking plasters? We have no idea
And nothing in the RNS about whether this new investor intends to hold onto his/her new stake. Could be selling now and earning nicely while none of us know who it is.
Already has a 50% return on investment- on paper - meanwhile we PIs sit in the dark as usual. Thanks RY
Exactly CT - how can it be legal to cover up the owner of 10% of the company? And for £1.2 million ? Seriously??
We never heard again about this MoU - did it produce anything? Is it still operational? All is silence
May be too early to say, but it’s not usual for a loan conversion RNS to be issued and the share price go up. Something may be cooking - not before time.
Forgive me, but what is the point of posting FAQ responses six months late? That’s neither frequent or operationally useful for any question of value - one answer still refers to a $6/lb nickel price! For goodness sake AMC board - get your act together!
If the AGM isn’t in the UK then that in itself will answer all the questions anyone could have.
Where we’re going here? In a decade of holding, I’ve never felt so much in the dark with this share as I do now. RY and the board keep enigmatically referring to NDAs but frankly there’s been eight months of silence since the PFS, which itself was delayed allegedly to accommodate information requested by so-called interested parties, and nothing has come of anything. So all bs aside RY and now Tom Bowens, what do you have to show for all this silence over the “right project, right time, right place” AMC? The annual meeting can’t come fast enough
There will be no forward-looking information on AMC’s website at all - no events announced, no publication scheduled, and the FAQs absolutely useless since March. This is very strange - has it ever happened before? Anyone looking at the site could be forgiven for concluding this is a moribund company. What’s going on AMC bod?
Were updated. I guess nobody has any questions and everything is clear.
Is this his debut presentation for AMC and can we expect an RNS big-bang backup? Funding finally? Would be nice.
“The Company has been looking closely at its funding requirements in respect to the TEO work programme and the development of the DFS and the Directors are currently accessing a number of strategic options and partnerships in order to achieve these milestones.”
By accessing, do they mean they’re already taking them up? So we would expect to learn about them on the timeline set out in the TEO RNS?
Or is it a typo and they really mean assessing? Which would be a whole different ball game.
Isn’t today the deadline for mid-year results? What gives?
The 52-week high is 4.5 - a level I suspect would leave most LTHs under water. The indifference of the board to this state of affairs is appalling.
After the award of the licence, did any of us expect the share price to be two pence and Mcap at £17m? Where is the much-vaunted shareholder value?
I look forward to you getting a response gwm121. Personally, I take nothing as true from AMC now unless it’s in an RNS because RY’s words have too often failed to match his actions.
Here’s another example of poor faith in the latest RNS - it references the “and statement of the final analytical results 6 February 2019” without referring to the fact that this statement included no info on what those results were in terms of resources. And that feb. 2019 document on AMC’s website stated that “the final drill results for the last five holes completed at the end of the 2018 programme have also been reported and include the QAQC results derived for these five holes.” Which means that the PFS with the 2018 drill results could have been released any time since then. So why isn’t it public?
Going with the majority of posters here - this RNS is an insult. What happened to the “living document” PFS that hasn’t been updated since February? Where are the 2018 drill results that could and should have been released well before now? RY has been anticipating “a considerable increase in the resource and reserve inventory due to the newly discovered mineralisation identified during the 2018 field season” for a year now - what’s to anticipate any longer? It’s inexcusable not to publish that info and to fob us all off with vague words about what you’ve been doing for a TEO with a December 2020 dateline when you’ve been silent for seven months.