Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Gkb47
Yes I do have a lot of knowledge regarding this.I consulted a firm of city barristers last year after the rot first set in-after the Lidsey lies and subsequent crash-and YES there is a viable case for a class action according to these lawyers.The only prerequisite is that there are enough shareholders-and large shareholders who've lost a serious amount-to mount a class/group action.
Provided there are a large group of shareholders,individual shareholders don't have to pay a penny,as there is third party funding.
There is a credible case for fraudulent or negligent misrepresentation here by the BOD,not to mention negligent oversight by the nomads who "regulate" Angus and the FCA,who won't even consider ino visual compaints about insider trading (which has certainly happened!)-for negligence and failing in their duty of care to investors.
If you're interested in being part of a group/class legal action please contact me
keither197@gmail.com
Or @KeithEdward Rogers on twitter
A class action lawsuit is totally feasible here.In January 2018,after the Lidsey fraud,I met with a leading firm of city barristers about the viability of a shareholder action against the BOD of Angus,and they agreed that it was indeed a viable proposition,since there is clear evidence of negligent misrepresentation here,and possibly fraudulent misrepresentation. They agreed the case would be strong, the only obstacle was that I couldn't garner enough interest from shareholders to pursue it at that stage In a class action,you can get funding from a third party provided you have enough shareholders on board.With fraudulent misrepresentation, you can even chase the directors individually....and JTP so obviously misled investors also by stating "Brockham flows well"
Also, there is a chance of legal action against the nomads,who supposedly are authorised to "regulate" their own client-who pays them-an obvious case of moral hazard if there ever was one!-and also the FCA,which refuses to EVEN INVESTIGATE complaints of insider trading from individual investors.
We shouldn't just take this lying down.
Anyone willing to fight this fraudulent bunch of conmen and liars through a class legal action...please email me at keither197@gmail.com
Yes Ja51 you were excoriated as a troll with an ulterior agenda whilst you were SPOT ON all the time
Dtrader
YES insider trading was happening on a massive scale,and it is illegal.I think if a mass of us company to the FCA,it might have an effect.If they don't take action,it's time to sue the FCA and the nomad (who are supposed to regulate the company that pays them.lols)
I wish we'd all listened to you Pete Boo and the others warning us...AIM is a fecking scam and fraud,it should be closed down, and reputable companies forced to meet the stringent requirements of the FTSE small cap sector.
Join the club Kenni G...I think many of us have been wiped out by these lying,thieving bastards.
They didn't bother to bloody flow test it!-why would flow test the Portland?
That's what I thought. The market was discounting Brockham already with the sp at 3p.This is devastating news ..they didn't even bother to flow test it!
LIES LIES LIES by messrs Tidswell,Vonk et Al. ..."Brockham flowed well:...crooks and fraudsters the lot of them.
Johnny
No need to be too funereal or gloomy lol.Realistically, I think we should hit 16 to 18p by October provided Brockham flows at least 300 to 500 bopd (if it flows 1000 then expect more),and provided Balcombe meets expectations. ..when sentiment becomes more bullish,the value of the gas deal should start being reflected in the price. ..so an extra 4p...if all this goes according to plan,we should be back in the 20s.
I would at the very least expect 16 to 18p by late October.
Absolutely no reason at all for it all,in fact with activity on site and the impact of gas deal on market cap this shoukd have been resting 4.50 today.....not a lot to expect really.
The truth is I suspect, that MMs have rigged the price,and won't let it go higher because they have a naked short on it.They're total crooks and robbers.
Naked shorting should be banned and AIM should be abolished.Small companies should have to meet the normal requirements of the FTSE small cap sector.
Fred Blogged
"All that matters is production"-so why then are non producing oil explorers valued at such high market caps?-e.g the mere hint of a possible oil field pushes UJO higher and the same with CHAR and AAOG.
A market that is efficient prices in already known facts about a company's assets..we know the new gas field is commercially productive oil capacity (it has produced in the very recent past),and we know that Balcombe produced 3000 bopd but had to be choked back to 1539 bopd because the pump wasn't big enough.
I know the company's credibility was damaged,but it never merited 2 or 3p share price levels.
Last summer, the speed rapidly recovered from 4p to double figures,and then 16p by late October.There is even more reason for this rerate to happen even faster this summer-as I've said a valuation of £50 million would be a cautious but fairer valuation -and would see the space where it ought to be now-9 or 10p.
Xxxxyyyz
I beg to disagree.The size and proven productive potential (ie Balcombe and Saltfeedby) of our assets DOES and SHOULD matter.It merits a substantalising rerate from these pathetic and ludicrous levels.
You talk about "productive potential".Why is it then that purely speculative ventures like West Newton/UJO with NO production and NO proven productive potential,are quickly spiked up to very high values?
The MMs can't have it both ways.If speculative explorers get huge reratings on what MIGHT be there,then Angus certainly deserves a rerate on the oil reserves we KNOW are there!
Also,Saltfleetby has PROVEN COMMERCIAL production levels.Lucian is a very cautious and conservative man,who would never over promise. ..for him to state the new gas field would double our market cap is obviously based on tangible,empirical evidence!
The point is that it doesn't have to be producing for all the productive capacity of these assets to be factored into the share price.....in AIM explorers,they are already be factored in.......which us why the mere hint of a potential oil field sends Chariot or UJO surging.....Angus is in a much stronger position. ..even a cautious valuation should give us a (conservative) market cap of £50 million.
What is wrong with you guys?
How can any of you (if you bought before February) be content with these snails pace,insignificant rises in the share price?-we're still below the 4.25 placing price ffs!
Considering the way it's rapidly fallen even on a hint of bad news,it ought conversely to rise fast in good news. .ie gas deal
Fred Bloggs
Not so.The February rns confirmed Brockham flows well and the ONLY problem was water,now resolved.The Nutech study of 2016 suggests that Brockham has MORE oil than HH,but being the same Kimmeridge, it will be AT LEAST AS GOOD.Plus we know we have an asset with massive proven flows at Balcombe.Fcuk all of this is factored in to the sp to be blunt,before we even get to the new gas field.....and yet the sp of certain exploration companies SOAR even though there is no evidence there is oil in their area of exploration.
INSANE!
Especially now there is activity on site and testing soon-and most of all no factoring in of the Saltfleetby gas field.....
Any pi selling at this price is a moron...there must be a way of finding out who's doing the selling?
Extremely disappointed with this week to say the least. I honestly thought the rns would rerate us to 5 or 6p.
AIM is SUCH an inefficient market
The market will begin to agree that the gas field does materially increase Angus' market value .....it does take time sometimes for the penny to drop with them...
Really should be,on the basis of this game changing news...obviously not all investors gave heard the news yet
That seems a formality...the gas deal is happening, and the market will start factoring in the ruse in market cap and rerate us back to 8p very soon...no reason to wait for t''s to be crossed and i''s dotted...
Since our cautious CEO who never over promises-has said that this gas deal will double Angus market capitalisation I'm looking forward to 8p imminently, maybe before the end of June,and not before time....Angus has been undervalued for too long...Brockham and Balcombe still to come. ..good news on both should value us at 18 to 20p...maybe more
And as for FCA regulation-this is an utter joke and they are just a window dressing exercise. They don't even ONVESTIGATE individual complaints.So basically no regulation and it's an insiders market.You can't rely on individual firms to police dubious market activity, it's called moral ha ard-there is a conflict of interest as these forms want to maximise profit and this often may involve market manipulation. Nomads is a case in point. They are supposed to regulate AIM companies, but there is a Co flict of interest obviously as the firm they're supposed to "regulate" pays the nomad brokers fees!!-therefore no incentive to curb market manipulation by their clients.
It's an utter racket-so called self regulation !-FCA is utterly useless and a smokescreen to protect illegal manipulation.
I wrote to Vincent Cable about the FXA and he did sweet FA about it.Another useless and inept politician along with Brown and Darling.The 2008 credit crash should have been the wake up call to strictly regulate financial markets,but instead of regulating them as the EU wanted,they allowed markets carte blanche and punished the rest of the opoulation with "austerity" cuts,whilst the crooks who ripped off private investors and ordinary members of the public got away unpunished.