Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Still wondering why Align Research are still kicking off over at Ironveld regarding mistrust of Directors but no comment here???
As I've suspected with AIM for a while...you're not " in the know unless you're in the know!! " One day this wI'll end & the FCA will actually do their job! Any doubters?? See what the BOD are being paid & what they've actually achieved!
I would love the opportunity to ask questions at an Investor presentation but there isn't one scheduled???
While I agree with that statement to a certain degree, it is important to consider what Align's motives really are.
They are also involved at Ascent Resources & if anybody thinks the situation at Ironveld is bad then they would be mortified at what the BOD has got away with there & yet they have remained quiet.
Take care as the only people who tend to do well in this market know the regulations inside out & therefore take advantage of it!!!
Probably not much more point stating the obvious on this forum as nothing has changed & the authorities continue to turn a blind eye to the activities of companies like AST.
For years this company has been led by characters who would not be employed in any other sector. One day they will get their comeuppance though. They do not care a shred for the investors they have conned. I would cash in at a substantial loss but I live in hope that one day the company will have the foresight to employ a genuine team with some integrity.has
The company continues to idle along despite the obvious - never again will I be so foolish to invest in AIM as it attracts a certain type of leadership!
Only in the fantasy world of AIM could a pay structure rewarding no progress exist. No wonder James Parsons or Andrew Dennan have never tried their luck in the real world of business!!!
Once the regulators finally wake up, all of this will cease to exist!
Basically confirms that the BOD have simply been in place since gas prices increased worldwide. Other than that, nothing has changed or will in the future. I'd like to personally thank Malcolm Graham Wood for his input also...Come on Align Research - you need to put the boot in here as well as Ironveld!!!
Although I am very dubious about Align Research's intentions, I commend them for taking this action. There are too many AIM companies making statements & then taking forever to follow them through. Align also have a a stake in Ascent Resources where nothing has progressed under a new Board & I'm hoping similar action will occur there.
Interesting development today regarding Align Research & their stake in Ironveld...they have put forward a documented proposal to have Ironveld's two main Directors de--selected from the Board due to lack of progress regarding funding which was promised prior to Xmas. Their patience has finally run out!
We can only hope that they start to exert similar pressure here!!
In my opinion all LSE & the regulators will do is then a blind eye to the obvious as usual. What other organisation would employ a top heavy, part time BOD all on inflated, non incentivised salaries with virtually no income or prospects. I do not see the legality of any corporate or investor presentation also as long term holders will confirm that nothing ever transpires despite us being led to believe these people are experts.used
This organisation remains an embarrassment - what do these people do all day!!
I'm just checking in to make sure my old buddy Zoggz is alive & well???
We've both been investors in this con for a long time. Zoggz had gone beyond me as I declined & accepted a call with Andrew Dennan to assure us all was well??
Zoggz I fear for you buddy as the last time you posted you were going to challenge Dennan again but for time being you were concentrating on Crypto Currency!!! Better focus on the FTSE mate as this market is rigged beyond our control!!
It was me that suggested investigating them but I thought that was obvious!!! In any real business they would have gone ages ago. In AIM however the powers that be continue to look in the other direction!!
What I would add is that it is taking an eternity to sort out. Funnily enough though that will suit the current BOD. Conveniently, this news also takes the attention away from their lack of progress in Cuba???
Hence the question - why not just save expense by getting rid of this BOD & replacing with a smaller, motivated team, working on a full time basis who are actually incentivised to make progress...anywhere???
We'll all have died of old age before this company generates anything! Seven years in & I'm bored!!!
Let's just hope that something decisive happens & quickly!! As with every piece of news issued by AST there is always some caveat so once again I take this with a large pinch of salt. Long term holders want action now & will not wait another 5 years!!
Meanwhile..what progress has been made in the fantastic opportunity in Cuba???
Alwaysup,
In any other sector this would be against the law & the relevant authorities would be involved. Financial journalists, LSE & the FCA all are reluctant to intervene. James Parsons has achieved nothing in his career in my opinion & just give me the chance at another "investor presentation" to challenge him - he would refuse to answer any questions . As before, I appeal to all investors to forward enquiries directly to the company. I challenged Hutchinson directly on LinkedIn & not surprisingly he scuttled away after a brief exchange of messages. These guys are Accountants & are doing nothing but filling their own pockets!
Just a thought on the timing of the AGM & the issue of accounts at a later date...
I wonder if the BOD would be re-elected if investors were able to see the Accounts beforehand???
Personally, I would clear this whole Board out & start again with a more motivated & focussed team , employed on a full time basis & incentivised towards making progress instead of being paid to simply drag things out!!
True to form with AST, seeking more time to create accounts. Nothing with this business is straightforward. Why employ a top heavy management team on huge salaries when the company is achieving nothing & the only addition to its income has income has come about from external factors?
The BOD continue with their shameful track record!!
Plain & simple...the BOD don't care! They're part time! See how successful the other businesses they're involved with are performing! Typical of AIM & LSE turns a blind eye. In any other sector I wonder if James Parsons would be allowed to be in business???
I wiI'll be prepared with some challenging questions if he is brave enough to host an Investors Presentation!!!
I don't buy any of this. All it confirms is that nothing has been confirmed with the lawyers.
I'm also not fooled that it is a convenient distraction from the lack of progress in Cuba. Team of highly paid Executives busy doing nothing & being rewarded handsomely!!