Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Extract from Rns 08 July
Regarding joe media-
Under the terms of the management services contract, which came into effect today, Iconic Labs will be paid a monthly management fee of £50,000 plus external costs, and in addition shall receive 25% of all profits if certain revenue and profit targets are met.
Iconic Labs anticipates this management services contract will contribute a significant amount of revenue to the Company and will enable Iconic Labs to become operationally profitable within three months.
Extract from Rns 14 Oct
the success thus far in managing JOE Media UK, the monthly management fee payable to the Company will be increased from £50,000 to £100,000 with immediate effect. The Company's entitlement to a 25% share of profits remains in place.
Iconic Labs has successfully completed a contract to produce research, data and insights for a multinational consumer goods company. This is an innovative type of consultation service for the Company that the Company will look to offer to a range of new clients going forward.
Looking forward to further updates
Onwards and upwards glh
On the money posts magmanus.
A lot here Talking the share down as want in lower As they no where this is heading.
Iconic labs the media company said it no longer needed a previously agreed debt financing facility thanks to a “material growth in activity”.
This is thanks to an ongoing social media management services contract with JOE Media in the UK, that it said will soon be extended to include Ireland as well.
Iconic also flagged the completion of an “innovative type of consultation service” contract to produce research, data and insights for a multinational consumer goods firm, which the said it will look to offer to a range of new clients going forward.
Yes Bump in the road Or a dip in this case :)
Lots going on with icon Material growth across the company, new contract with multinational, joe media fully under our control in October, must be due updates on infotagion, gsn, social alchemist..
Happy to hold and add on these Dips.
Price target 0.05-0.06
Iconic labs the media company said it no longer needed a previously agreed debt financing facility thanks to a “material growth in activity”.
This is thanks to an ongoing social media management services contract with JOE Media in the UK, that it said will soon be extended to include Ireland as well.
Iconic also flagged the completion of an “innovative type of consultation service” contract to produce research, data and insights for a multinational consumer goods firm, which the said it will look to offer to a range of new clients going forward.
Fantastic volume today icon on a lot of radars now. Can imagine some good news flow in the pipe line and looking forward to it
all in all oversold but Nice price consolidation today.