Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Where's the mega rns clown shoes was purported to be writing? The one that came "straight from the horses mouth". Sat there bright eyed and bushy tailed with his gormless smile whilst Mark was over, giving the impression everything was going swimmingly, when in fact he was arranging placings. No assays in months. No data of any relevance in months. Not even a comforting tweet in weeks. We've been producing since 8th May, that's ALL we know. What should have been an exciting time for PREM and us shareholders and he's f***** it for everyone by telling us absolutely NOTHING. The guy is an absolute diddy. He thinks about absolutely no one but himself. Someone wants to get a grip of him, but oh, there's no one to hold him to account, just the way he likes it, hence the promised additions to the board have never materialised. Probably just be yes men anyway and more grasping hands on another wage.
"Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce, after receiving further institutional interest following the funding announced 15 May 2023, a further placing to raise £610,000 before expenses at an issue price of 0.925 pence per new ordinary share ("Placing Price") for the ongoing Zulu Lithium and Tantalum Project ("Zulu") Pilot Plant optimisation."
Maybe just me, but the way I read this was... .we didn't need more money, we weren't going to go looking for more money, we weren't in talks regarding a 2nd placing, BUT, someone came to us and offered us it so I thought I'd be daft to turn it down, just in case anything further went wrong. If that is the case it was a major f*** up because it looked incredibly bad from the outside.
Where is the arrogant fool? He wants to get some explaining done. This panic is caused by getting absolutely no information, other than that of 2 quick fire placings which haven't so much taken the wind out our sails, but set the sails on fire. We are now a rudderless ship heading for the rapids, can someone go check he's out of bed?
The guy's a 1st class clown. Sitting pretty, we'd probably have taken a little hit with the 1st placing, the 2nd placing so quickly afterwards has caused panic, the total silence from GR has compounded it and we are in freefall. Only GR can fix this, where tf is he?
What does this week bring? I've no idea. We are totally in GRs hands. I want to believe that GR can pull an absolute belter of an rns out the bag. And then follows it up with more and more positive news. Will we get no news all week and be left guessing what's going on as usual? Will we get an rns tom but it's negative and the sp goes down further? Not sure whether to be excited or have a sense of dread.
"There is a total disconnect at the moment at the moment between facts and the SP and most of it is driven by fear or greed of the shareholders rather than activity on the ground" I'd argue it's driven by a total lack of information and absolutely no transparency. I don't expect an rns every day, ironic really because he's happy to churn them out for placings, but he offers nothing to shareholders with regards what's going on. Look at tge last 9/10 rns's and tell me what constructive, positive, informative information is in them. Placings and wishywashy nonsense. Someone else running comms for this company and we'd be in a totally different place.
The guy is a sneak. All the interviews recently, Marks week at Zulu, and he sat there with his big cheesy grin as if everything was going to plan, when all along he knew he was just about to do more placings. Folk were hoodwinked. "Oh look at George he looks so relaxed" "He looks so excited" etc etc then as soon as Mark left all twitter posts went quiet as he worked behind the scenes, telling shareholders sweet fa, to raise more cash. The guy just can't be trusted.
Continue to drift as we get told nothing. Big drop at end of month when GR has no option but to tell us there'll be no shipment . Probably another placing at this point. Radio silence and we'll all be left scratching our heads and 2nd guessing what's going on until prob mid June. SP will have been drifting further in this period. Mid June rns stating there should be a shipment at end of June. Sp will recover from here but from where....? .5? .6? The only thing sure about prem is GRs arrogance, and his disrespect and disdain for shareholders.
Next rns-shipment isn't happening-sp crash. Next rns after that, we've no money and need to do a placing-sp crash. We'll be back at .6 at this rate. If anyone has faith that GR will turn this around in the next 11 days I'll some of what you're on. There's a reason all the twitter posts have dried up. More bad news incoming, I'll bet my last £ on it.
Down almost 20% in a month thanks to clown shoe Roaches inability to be transparent or write a decent RNS. Does he even know what he's doing? Rem STARK designed, built and put the plant in to place, GR just threw the money required at them to get it done. Is Roach now being "found out" again. Soaks up money like a sponge, but keeps those giving him the money in the dark, the contempt he has for little investors is a disgrace.
Next rns-midday 31st May 2023. "Due to a few problems (he will not elaborate) there will be no shipment this month. Sorry i've left it so late to tell you all but, well, you know how it is, not enough hours in the day and all that! We will definitely, hopefully, maybe, imminently manage something at the end of June. Fingers crossed. Me and my staff are grabbing another 100m shares. And oh, we're skint again, so there will be another placing of 100m shares. But don't worry things look realllllyyyyyy good in the epo and stacks of investors are interested in Zulu. Different ones from before of course. I'd like to tell you about assay results and how much spod we've produced but I'm just so busy. Hope you understand, George x"
To think there were folk, those "in the know", who ridiculed people for suggesting there would be even ONE more placing, and here we are after numerous. Only a brave man would predict that there isn't going to be even MORE. George is just fine though.