Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I think the vast majority recognise what AST is. Look at the track record of the leadership, the other organisations they're involved In and the results they''re producing. In my opinion all linked to fundraising & nothing else.
I'm other sectors this would be investigated but in AIM it's the norm.
Makes you wonder if any of the current AST board have ever legitimately earned a bonus through genuinely achieving a business objective.
At least the latest Slovenian update was a convenient distraction from the none existent progress in Cuba/South America wherever!!!
Their total disdain for shareholders baffles me! They conform to the permitted AIM standard & nothing more in my opinion. I would be personally embarrassed in taking payment and disclosing that I was an active Director in an organisation such as this.
2 years in their roles & still nothing of any substance - while we're at it...or in any other business they're involved in!!!
Of course this news suits the BOD. This buys them more time to keep drawing a salary from the several companies they are involved with on a part time basis!! Instead of this AST should be employing someone with a full time focus solely on this business to make some progress...anywhere!!!
Everything about this share stinks! No doubt, certain individuals are in the loop as to what is actually going on.
What really puzzles me though is why AST have to employ such a top heavy management structure? Basically Accountants with no operational experience, just taking advantage and stringing matters out for as long as they can.
A business model based on virtually no income (other than inflated gas prices), with no measureable business growth or development despite what we've been lead to believe. A management structure drawing extortionate wages and draining the business all on a part time basis. Other individuals employed by the Board offering no technical input or comment, again while being paid vast sums of money.
I do not think this Board will have the nerve to carry out another investor presentation - they have no regard for investors at all and have been employed for 2 years with nothing to show for it.
In my opinion Andrew Dennan and James Parsons have found AIM the perfect niche sector for merely looking busy while achieving nothing. Any other industry would be asking serious questions as to what is really going on. Neither of these individuals have any track record of success and I find it shameful that they are allowed to continue.
For any doubters - the share price performance is a reflection of the Board's activity and their efforts to turn things round and progress!
Zoggz,
No problem you've been taken in & conned like us all. These guys should be in every journal in the country. Every company they operate in is the same. I In my opinion they are misleading investors for financial gain. Only the FCA, LSE & financial journalists seem to turn a blind eye & let it continue. They have achieved no success & in the real world would have been sacked months ago!!
Parsons...another Accountant who has never had a real job producing anything of value. His track record speaks for itself & I intend to point this out to him & Dennan should they ever have the nerve to hold an investor presentation!! Only in the farcical world of AIM would these guys earn the money they do!!
I wish this complete shower of a BOD would actually facilitate some Business Development instead of just prioritising fundraising which will no doubt go towards funding their salaries for the next few months! What on earth are they doing every day? There has been no progress anywhere and as they're clutching at straws to justify themselves all they can do is point out any existing gas income which is no thanks to them! The only thing that has changed here is World gas prices - the BOD has had months to continue the work of the previous Board and factually they have done nothing!!
Forget all of the talk about politics etc. The only priority of the current BOD is themselves. Look at their track record & how the other companies they are involved with are performing.
And the FCA continue to turn a blind eye - disgraceful all round!!
A reply to my latest email querying the lack of progress & questioning the role of each member of staff. Andrew Dennan would be happy to discuss over the telephone....Yes, I bet he would!!
Zoggz....over to you my friend - you stated that you were happy with telephone response a few weeks back. I want these chancers out t & AST to employ one person at 10% of the cost of the current mob to get things moving - anywhere!!!
About time this shower moved on! How much expense has this BOD drained from the company & what has been the return? None of them have any credibility whatsoever & no excuses, the performance of the share price reflects their impact.
The long wait continues...No reports of progress anywhere.
I see in the media that some Managers are taking pay cuts or rejecting bonuses. Not this shower though! Very telling that although they have taken temporary reduced pay, they have still ensured that they won't miss out long term.
Very disappointed in Parsons, Dennan & co - it is no coincidence that the other companies they're involved in are performing the same!!
In my opinion only AIM makes this type of fraud possible!!
Just what are they doing on a day to day basis??(part time of course).
No mention either of the other pipe dream in Cuba.
This is why I don't believe anything that is posted - everything is designed towards doing nothing and drawing a salary over the longest period possible.
Suggest someone sends a link of this forum to the Directors like I have done in the past as the message clearly isn't getting home!!!
I think our BOD's main priority is to continue feathering their own nests.
Despite all of the recent developments we have not seen or heard a mutter. There has been no measurable progress whatsoever, in AST or any of the other businesses they're involved in.
A glance at the Sound Energy message board earlier in the week confirmed more feedback about James Parsons - none of it complimentary!!
Once these disappointments finally move on it will be back to the drawing board!
The current BOD's priorities are themselves hence no statement whatsoever. They value this project as such as a priority that they don't see it viable as they are preoccupied elsewhere???
When will the relevant proposals up & hold these people to account?
The only progress made in 2 years is due to the gas price increasing. Meanwhile the Directors have earned in excess of £500k in salary? AIM turns it's head. Board do nothing!?Gas price rockets! James Parsons! What a joke - in any other industry he would be charged with fraud. If that's not the case then why??? What a joke!!!