Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Simple that’s not right. The audit report is at the date it is signed and takes into account all facts at that date.
I was a chartered accountant. The post balance sheet event note is also relevant.
The trouble is the debacle of another cancelled concert will impact the accounts because of the post balance sheet event note but more importantly whether the accounts need an audit qualification if there is a doubt about the going concern status This is all astonishingly poor management But no point being hysterical. Wait to get the facts.
Hi vas. Without going into detail I can’t agree with your overall thrust. He went through all the areas as far as i can see but with particular emphasis on the U.K. where he was trying to make the point that the cdcs are now looking to sign contacts and before Xmas India had already been put on the back burner for a while until they got approval to Market bleepa and a subsidiary formed and the hot news was that they have only just got the licence to market there. He also covered off sempurna pilot and strategic change
Frankly he covered all the bases but there is only so much you can do in an hour and his prime aim was to persuade investors that after unwelcome delays the cdc contracts are near term and it is all”very positive”.
I was slightly surprised that fdbk hadn’t rnsed the fact that for The first time they had multi year contract renewals. That would have encouraged the troops !
Anyway let’s hope he is right this time…..he seemed to be very pleased with the results of his APPG representations
Cheers vas
I B that is also my take. One more chance. But it seems clear from right at the end of the wa he does really believe that the latest moves on cdcs will result in contracts in the near term and before Xmas and he was really trying to not overhype by saying it was very positive ,taking a second or two to choose his words carefully. I am holding for another six months then taking stock.
But I do wish he could have done an update explain the causes for the delays and also the latest strategy changes months ago to keep us informed eg via proactive .
It was a good presentation and I think or at least hope we are at a pivotal point now
Hi vascular. Agree with everything you say. The investor meet does record the meeting. I am away in exmouth so will watch later. I tried to
Lodge a few pre event questions but it doesn’t seem to allow it currently.
Cash burn and runway ?
Have feedback actually contacted Lanarkshire ? Or just sitting back and hoping
Does he still expect feedback to be a big company in two years as he said last year ?
Why the silence on the setbacks. It looks untrustworthy
Let’s hope he can pull a rabbit out of the hat this pm but there are too many loose ends as you point out
And potential opportunities must be his most used phrase in the last two years. Groundhog Day
I am hopeful we are just seeing a delay of what we expected at March. Will he confirm that ?
It’s all so disappointing
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Oops wetdream-thanks I have so many crappy shares all deafeningly silent I am losing track. Cheers
Wot no proactive video or investor meet ?That's depressing =it can help to get further background and see the whites of their eyes eg seeing machines latest 6 minute video which frankly totally outshone the bare numbers in the results
Actually Phillips was the best video tape. Could tape both sides !
Yours an old git!😀
Mb 10 -the company has let you down -a week is up and still no accounts .Disgraceful behaviour ,happening too many times
O f It’s a 6 min 43 sec video. Take a toilet break !😀
I took him to mean the next three months. If not next quarter end is 31 December so it’s within either 3 or 4 months I am not too bothered either way ! It’s coming…….
Watched it again-it really is quite momentous- the pause in rfqs is a reflection of both the combination of oms now with dms ,and also the dislocation in the technical marketplace caused by the Magna solution (GOOD FOR US) . But the OEMs have now "reset" and he expects a strong run of OEM awards with the next quarter. The wait is nearly over and we are going to win lots of RFQs is my translation of this , very soon .
Very strong but brief video-he answered re cash and the oem delays on rfqs ,and then hit us with the magna point- many oems are rethinking their strategy after the magna mirror proposition has caused dislocation in their thinking-and this is good for us -he expects a raft of rfq awards in the coming quarter......
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Thanks i must have filtered the linker!
Can !
Sorry am someone post a link to the good find please
The worry is that all those lovely up front payments haven’t happened as expected as they were ramping up resources for them What has happened to the runway. Very disappointed Tom has hidden away once the going got tough
Its not a sale-the co issued new shares which lowered the percentage holding
Https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2022/06/open-letter-from-uk-information-commissioner-john-edwards-to-public-authorities/
All this screams for a national mandate for the only existing compliant and efficient medical device