Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Seen some posts on Twitter showing a big director of Beckman Coulter commenting on David Buds post regarding the collaboration. He seems pretty upbeat about things so maybe some good plans of decent scale are taking shape behind the scene?
Target is 50p at least. I can't name any other company turning over around £100m and Trading at £19 million market cap when they just made £8 million profit. And growth, growth, growth!!!
Morning All,
I managed to sign up to LinkedIn Premium yesterday so I was able to direct message David himself for an update. Regarding India - David said the company has applied for approval and this is progressing. He said by stating they have applied in the RNS means that had they of not applied it would be classed as fraud and misleading so therefore we need to read the RNS and take that as the factual state of play.
I think news on that front is a matter of days now and not weeks. India Covid-19 is rising massively so they need to ramp up testing and fast!
Watching the interview a few posts down, the Indians gentleman mentions that they are using Cobas (by Roche) for the 3 super labs. They won't and cannot afford and most certainly cannot source 1100 of these highly complex and expensive machines from Roche to be delivered, commissioned and in use in a couple of months. These machines take time to build and usually have a long lead time. In the current global situation I think getting hands on 3 or 4 units is a massive well done. Remaining PCR tests will be done on readily available open platform PCR machines of which there are several vendors or other closed platform vendors too but definitely not only on Roche. The Roche kit is world class, very fast, expensive and you can only use Roche consumables on it but it's very good. The generic open platform machines are far cheaper but a little slower. I. E. Roche runs approx 100 patients in 40 mins or so, others can do it in 80 - 100 mins on average. Twice as long but still very quick and accurate. However for the price of 1 Roche Cobas you can source several third party yet reputable brand PCR machines. This is what India will be doing and so will many other countries of they want to reach thier bold targets of daily testing.
Words 'likely' and 'considering' being used. Seen this before in RNS'S and companies. Drop the share price, get the lads in then announce deal done later in the day. They still have till midnight to pull something off. No doubt the government will be involved at some point today to eliminate the risk of several thousand jobs going down. A loan standstill is a very sensible and cheap option available to protect jobs and market recovery at a time where the government is trying to encourage spending to get the economy back up and running. Intu can then focus to realign its balance sheet and sell some assets over the next year. Not over yet...
Hi Nevo, If you recall, in early December I made some posts regarding a email conversation I had with David Sefton. I've had his phone number since then. Im sure others that have contacted him via email will vouch for this... anyway time will reveal if its BS or just people trying to get in on the cheap.... and nothing market sensitive has been released. We all know the things I mentioned are happening but not the end results or exact time scales so it is NOT market sensitive.
Evening all, just had a 9 minute call with Mr Sefton as I wasn't getting a response to my emails since last week. I called him on his mobile number that is found on his email signature. He apologised for not responding but did indicate they were quite busy. We are still awaiting the licence extention but this could drop any day. He mentioned the new ops guy was in daily contact with the government authorities and that good progress was being made. AAOG are trying to get the best deal they can on the license extention terms (as the prize to be had is potentially massive) so have therefore basically told the government that they won't drill Tilapia until the extension is given (kind of twisting thier arm). This is therefore in the interest of the government to award the licence if they wish to unlock the potential and get the oil flowing. The drill rig will be available in two weeks time and will be contracted once the license has been awarded as they are trying to apply pressure to get the extension done ASAP. Meanwhile work on replacing the flow lines is ongoing as we speak and should be concluded within the next 14 days, after which a update will be sent out regarding new flow rates. The Plan B rig is also on standby in case we cannot contract the preferred rig and be mobilised on site within a few weeks if required. Simply put, once we get the license then its full steam ahead, and its not looking far off now.