Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
No hard feelings for the harsh words I suffered.
No debt, now PROFITABLE.
The flow test RNS offers no explanation for lack of flow what further intervention is planned.
Perhaps Jeffrey will surprise us.
Definitely adding at this price.
Fear of bad news on flow test?
10% club taking their profits?
Could easily go below 2p placing if it turns ugly.
Bonkers888
No, what are you going to do about it?
Bamb
Panicking? Me?
I have nothing to panic about here.
The whiff of panic is the deluded longs who are sitting on a share being sold off by the 10% crew ahead of tomorrow's results.
If, as I suspect, there is a problem with the much delayed flow test, then tomorrow's fall will be brutal.
Tomorrow we will find out you is correct.
Enjoy you fantasy of wealth until tomorrow.
Dear bamb
I am well aware ofvwhatbI have previously posted.
And my opinion has changed because of the failure to produce a flow test result.
If the well is a dud, or much more technically challenging than previous well, then it is a disaster .
If you can't understand this reasoning, you have my sympathy.
Boring, boring
You think it's going up and you will be rich.
I think greed is blinding you to ominous flaws in that narrative.
Which of us is correct?
This is the game.
Appears a few wise heads are taking their small profits.
Could easily go red soon.
More dreams dashed.
The gas flow testing RNS is way, way overdue.
1008 was tested in 7 days.
A dud well, total disaster?
Or technical problems, financial problems?
Hence my change of opinion
It isn't ticking up because there are almost 50 million placing shares still to be washed through.
Still no testing RNS, technical problems? Probably.
Hopefully not a dud we'll.
With modern seismic it is unusual for there not to be hydrocarbons.
But hydrocarbons does not a commercial well make.
Clearly this very shallow well is proving difficult to complete and flow test.
Perhaps it will eventually come good, but I expected results 2 weeks ago.
Results are way overdue
Getting bad vibes.
Not much stock about.
NT for 75k
Flow rates for Sancrai, JA will also indicate future development plans.
Then the quarterly update which will be impressive given the sharp spike in gas and oil prices.
But what really matters is volume.
We need to exhaust the seller.
Then anything could happen.
Moving higher, punter bets appearing
Sancrai flowctest is imminent. Leaky?
If flow abovev4MM I'm happy, above 6MM and this should explode.
Getting lots of love on twitter.
Not so sure about the seller having retreated.
Possibly buyers are on strike so nothing to offload into.
Tomorrow there must be a strong likelihood of a testing RNS.
But to buy into a spike to enable the 50 million share seller to offload?
A puzzle.
Previous tests have take about 7 days
All this focus on the seller.
Who is buying all these shares?
Is it only retail?
The narrative here is very compelling.
Will the next RNS actually be a financial institution taking a position?
A 10 million delayed trade just reported.
Loads more at 5 million.
Where are the TR-1 releases?
Why release an interim result?
High volume trades yesterday suggesting news was leaking?
Any gas discovery on an exploration well is important news, this is not M1008. We are talking a second field here, potentially a second gas plant.
Posted after hours
Lots of shares changing hands now.
Still no TR-1s
We must be through the first target zone now.
Anyone have any actual company statements on COS?