Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Just listened after the event, and noted PL’s comments about the bashes idiots on the BB’s in general.
I don’t doubt that PL and all of his employees are working hard to make the company successful and I am sure we are all grateful for their efforts. However, PL has and continues to do well out of President, unlike the shareholders, just look at the chart it doesn’t lie. That is the problem and the next 12 months will be pivotal.
GIT, how much of that is profit, and available to service the debt? I would suggest that it’s not enough!
Gents, I think the truth is somewhere in the middle! We have not seen a full year of steady production and Until we do production costs will be higher than those predicted by MM. in addition I think they will struggle to meet their own production targets this year. On a positive note plant utilisation is around the high end of the 70 to 90% that I predicted many months ago, and that coupled with a 24/7 operation bodes well. The biggest millstone or burden is the large debt which they are unable to service at the moment. I’m afraid that this share will not be loved for at least another 12 months. GLA
They do have money and they are also propped up by Gilead! Not quite the precarious position they were in, but they have all their eggs in one basket with Momo. SRA 737 could make them a penny or two. Sadly they have never made a profit.
We just need the when! This month, next month, this year or next year? Just a clue would be nice, a simple update would suffice. Are we going it alone or do we have a potential partner? Is the gov’t program still on or not? Are we even going to try applying some pressure regarding SRA737?
All valid point and questions, don’t you think? For Christ sake just tell us something.
It only has a realised value when it is sold!
We know COVID is not going away and that vaccinations are temporary, just like those for common flu (annual requirement). The major difference is that Covid kills many more people, it is most likely that there will be more variants, it’s global affecting millions and therapies will be required. We are a long way from beating this pandemic which many thought would be over by now, just wait for the winter! The sooner we get our drug into trials the better it will be for millions around the world.
We are just waiting for the inevitable RNS to make everything official, it’s coming but only a matter of time!
Once again I remind people not to get caught out by stop losses, recent history is a good example especially if you got caught.
That PL is held to account, it appears that he is playing a tricky game being fast and loose with PPC cash in the form of Atome, no publication of accounts (as yet), no AGM (as yet). Shareholders may need to reel him in!
Kev, while I am not invested, my wife still has a holing and her losses at this point are greater than mine were, hence the reason I got out and she didn’t! Still needs 60p + for profit
The plant can’t run indefinitely 24/7 I do expect an improvement and a utilisation between 70/90% over a 12 month period, allowing for maint and unforeseen breakdowns. There is still a long way to go before this is a success, but I hope it is for all concerned.
Aber, the MM’s are desperate, wide spread drop the bid, raiding stop losses, it’s a game we have seen many times but with shares in tight hands that tactic won’t win. Just a reminder folks don’t be caught out by stops, set you sell limits to meet your own expectations.
I don’t understand how the atome project/spin off benefits shareholders, nothing has been explained, PPC has funded it and PL is the major beneficiary! Have I missed something?