Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Worse than that, Blue. They were being ridiculed when suggesting the sp would fall below 6p (£3) then 3p (£1.50). When you look back with hindsight, the "Wombles" were the good guys who got the SP prediction calls right. For the record, I feel positive about my investment here but there is nothing more triggering than when a so called LTH tries to silence any poster who questions the positive narrative. Thinking of Puma here, when they said to check other stock where RF had been involved. I did and was initially in denial but as it turned out, they were correct. Big lesson learned for me. To end on a positive, early pay this week so I will buy more.
I'd agree with that but with RF hanging around. It's in their interest to keep the SP lower that the original offer. They keep getting shares until they have their £2.6 million back. The only thing that could work in theirs and our favour is, if the SP jumps significantly but we are talking 100% to here type jumps. 737 news could do it
They have more or less stated that no licence or indeed a buyout will happen until p1b data is back. So I'm not sure if moving Tim sideways will do anything for us. The science is essentially done. It's too late in the day to make any big chsnges. If 1b data is good, we'll get a licence, if not, we are screwed. Tim and Stephen p need to focus their time on securing the mid term funding needed so we aren't reduced to looking down the back of the sofa this time next year.
I'm still if the opinion that the board are hoping 737 will rescue us before the cash runs out. The RNS, for was expected as us the drop and the next tranche of drawdown due in Feb 24. We know its going to happen and we need the cash. So we all should be prepared to watch the SP keep falling until tangible news. I'm OK with all that, I have made my peace with it but at times, this LSE board is it's own worst enemy. Loads of posters thinking something different is going to happen contrary to what we have been told via RNS. If 1a data is good, they need to shout it from the rooftops and as we won't get 1b data until 2025.
I don't think we have a bad board, I just think they have been a little naive and failed to plan and have contingency in place. The blame can't all be pointed at MHRA. We were already behind schedule at the start of the pandemic. I appreciate they can't give a running commentary but we just need focus now. We haven't had the AGM results RNS yet. I wonder if it's the done thing to address sentiment in that RNS. We should get it today.
Ha ha, Baton. It's all good, I mean, I'm OK with the RNS, it's as I expected. And if RF are selling, I expected that as well, said it last week. Let the sp drop and I'll buy some more and I'll keep buying until some sort of news. And in true Potnak style, even though I'll buy more, that doesn't mean I am happy with how the board have managed this company over the last 5 years.
It's the same message just different words, Warty. I presume 1a data readout is still H124 and if P2 completes in 24 then the data readout for 1b will be H1 25. We did know this but I think some here choose to believe something else.
Thanks, HBD. The trick to getting meaningful answers is to ask questions where the answer isn't price sensitive. No point asking when we will get a deal or anything like that. They will just give stock answers. If I have a customer system down and I'm talking to the data centre guys. I don't ask "when will it be fixed?" I'll get the stock answer. I usually ask, "what are you going to do, if the system is still down tomorrow?" to answer that question, they have to be confident in the answer they give. It's about accountability. IMO, Parker is accountable for delivery of shareholder value. Personally, I think they should know the answer to your question.
NDA are just a tool to stop either party from disclosing information, not always to protect negotiations. I would imagine Sareum will have been under several NDA over the years. Sareum are also bound by AIM rules on insider dealing etc. Any official offers have to be reported to the market so we know, for sure that no official offers have ever been made or we know, about them. I'm with SOG here, there will be no deals made until 1b data is available. That's not to say that the prospective partners won't get an early view of that data before it is read out and the market informed. We'll have to wait and see but as it stands only 737 news would get us properly moving. If the 737 upfront is enough to pay for 1801 phase 2 then buyout anytime upto a licenced deal is inked.
I'm not expecting any news before AGM and if it does come it will be news to Tim and the board too. They might have done those same calculations, HBD and maybe even come to the same conclusion but IMO, The AGM will be the same as all AGM. A recap, some resolutions voted for and passed and a bit of forward looking sentiment from the board. I think RF will start selling again after the AGM so we could see the sp drop in the run up to Christmas.
Carter, I have bought an extra 5000 shares since the RF facility was announced. Doesn't mean I'm happy about the precarious position we are in. It's a short term gamble and I will keep buying until the next spike then sell them but leave my 50k main holding running.
Enjoy the gym.
Yes, fanti no value in 737 is attributed the the current SP IMO, which is good news as there would be a nice spike on good news, however, if we got bad news or even a delay. The mm's woukd slaughter us. Worse still, there is nothing we can do about it. It's all in the hands of CPF.
This board is too air views, positive or negative and I welcome that. I hardly ever block but if you don't like the negative views block them. if you dont block them, at least try to see why they are negative. Since 2021, the negative posters have been 100% correct, the positive, not so much, if at all. Does that not make you think, 🤔.
Imagine this scenario, Carter. It's early 2024, trials look good and Parker is sat across the desk with representatives from Phama X. He's states we want £10 million up front and a billion in milestones. Phama x, shuffle the papers in front of them and say, well as you are are listed company, and we looked at you financial report. It says, here that you only have enough cash left until the end of this year. Are you really on a position to dictate the deal size? We can wait until you are desperate then make you an offer.
It's like having a Royal flush in poker but not having enough cash to stay in the game.
You stay in the now, Carter. Perfectly acceptable. Said it many times. Not all failed AIM companies had a bad product. Some were badly managed into obscurity. And for the altruistic amongst us. Don't worry about the science, if it is good, if will still be good if sareum have to have a firesale. We just won't benefit from it. The science is important but not as important as securing funding after 2024 if not before then. Next summer is the deadline IMO. Squeaky bum time if we get into spring with no news.
After all this time. I'd be disappointed with anything less than £10. £10 is achievable with good 1b data, a licence and a 737 movement. However, in the interest of balance. We are, financially speaking, in a precarious position. I think 737 was plan A, plan B was maybe a placing and the RF facility is plan C. We have enough cash in the back and avaliable to draw down to see us to the end of 1b but what if the licence doesnt come in time? I hope plan D addresses all this.