Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Croqman
There are substantial material assets to merit a higher sp. ..this really is massively undervalued.
Balcombe has proven flows of up to 3000 bopd (choked back at 1539 bopd).Tidswell himself confirmed that Brockham flows well,and the 2016 Nutech study shows millions of barrels per square metre.
Vague RNS releases and poor management have influenced sentiment..but the only reason it's at this price (when it should be at least double)-is because MMs are shorting it,and possibly insiders.
Prempunn
Never a truer word was spoken.Its people lives that are being ruined, and hard earned cash robbed.AIM should really be abolished and replaced with a small cap sector that had the same stringent rules as all FTSE companies.
The market is seriously mispricing and undervaluing Angus-so yes I do expect to see this hit mid to late teens again in a few month's. It rapidly recovered from 4p to 16pvin just a few months last summer.
Yes there had been dilution, but a good 400+ bopd from Brockham will easily value us at 15 or 16p.The monster flows at Balcombe aren't even factored into the sp.They had to choke back the flows to 1539 bopd because the pump was far too small for the 3000 barrels in the pipe.
An efficient market factors in existing knowledge about any company into the share price.The market had been woefully inefficient at factoring in PROVEN flows ,and yes there most certainly had been manipulation-MMs holding the price down so they can short their own stock.I agree with DL that this should be banned.
In fact,I'm amazed really that even those useless incompetents Gordon Brown and Alistair Darling didn't regulate AIM properly after the financial crash of 2008.
And yes any LTH selling at these prices and realising massive losses is an idiot.
Me too,happy to take 16p..kicking myself at that sp in late October.
I'm glad that rule exists,otherwise they'd screw us over and basically rob us at this way oversold price.
I would beg to differ bumbly-on the cusp of prep work and then testing straight after,a gas field that will double the MC,and Balcombe,which flowed such much oil that the pump wasn't big enough for the sheer quantities!
Any LTH who sells at the's prices and incurs a loss of 60% to 85% is a fool,when the fundamentals are so strong. The problem is the fundamentals-which are stonking,the problem is that the comms aren't so good and RNS releases are ambiguous and vague,deliberarely so because they've gone to the other extreme as Vonk to be overly cautious in their wording.
Can you find out who is doing all the selling?-it's bizarre that people are selling at this price.
Who is it?
Gmed
I would think that the prep work is a relatively short process -a short prelude to the testing-it has to be,otherwise GL will be seriously behind schedule.
Obviously I'm no expert on the technical side-maybe someone who is,can indicate how long this prep work on the borehole takes?
What on earth are you talking about?-the rns confirmed prep work & then flow testing begins today!-it's CONFIRMED
Ffs ..what more do you want?
Have you got a short on this and attempting to drive the price down,Captain Stanley?-because demanding another rns repeating that they're starting today is ridiculous.
Please stop this deramping.
Captain Stanley
What rns are you expecting?-we have had the rns confirming the start of flow testing on the 17th...unless you mean an rns confirming the gas deal.Let's hope that gives the so the 100% rerate that goes a little way towards a fair value for Angus.
PLEASE ensure you put a buy limit on your holding that's significantly above the current (stupid) share price-this will prevent shorters from using your shares to drive the share price DOWN!
that the sp is actually falling,not rising,in the end up to the start of flow testing in a week''s time.The February rns stated that the oil flows well,and they are "quietly confident" of good flow rates.
Anyone selling at these rates must be an UTTER cretin.
Captain Stanley
They've given us an explicit timeframe for what's happening...water problem fixed,flow testing starts next week,and an imminent announcement regarding the gas deal that doubles our market cap.
Ludicrous sp movements!
that the sp is actually falling,not rising,in the end up to the start of flow testing in a week''s time.The February rns stated that the oil flows well,and they are "quietly confident" of good flow rates.
Anyone selling at these rates must be an UTTER cretin.
A long way to go indeed,but if Brockham flows well,if Balcombe again produces massive flows,and this gas deal succeeds,we should see double figures in a few months. ..let's face it,nearly everyone who has held shares since before May is under water,but really encouraged that the share is finally galloping ahead
Having hit 3.25 earlier on such large buys? -
I'm an LTH,but if things are "where they ought to be"-why has the share price collapsed?-and why won't the company say they no reason for the fall?
Somebody who did panic!
Any chance of a pic or two from Brockham,Pete Boo?-at least we might learn what is going on at site
Updated us and told us what exactly?-that end is so vague and nebulous it tells us sweet FA!
And yes it is a big deal for 99% of us here, who are being royally screwed over and losing 40 to 90% of our original investment.
Wealdpower
I can assure you Vonk did say 1000 bopd was the top end of the other expectations and 400 the minimum.
It's hyping up,misleading-negligent rather than fraudulent misrepresentation.