Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The few sells were relatively small, apart from the 100k, and the buys out weigh the sells 2-1, yet we are still red.
Surely the sells must be selling at a loss, even the traders aren't making anything.
Lets hope next week is OUR week...finally.
GLA
Hope its not tomorrow, Friday's is always the worst day to release a RNS - unless its Friday evening after Canada has closed. Then allows time for people to read and digest fully.
Think FOMO is kicking ready for Monday/Tuesday (14th) latest.
I do get the NDA for AM, totally understand that, but I'm sure he could have mentioned something after the massive drop in sp, along the lines of 'we are still negotiating our terms of the JV, etc., and will announce to the market shortly,' think it would have helped a bit.
GLA
I just wish some Major would BUY us out NOW and get it over with, I'm sure many would take £1-2 right now, don't care if its cheap, how some think it will get to £5 on its on merit, I just don't get. Has to do 500% just for many (including me) to get to break even 30p odd!
You can value the asset etc with numbers all you want, but unless you have a competent CEO, board, comms and sentiment, you're not going far. How many of those that said they are willing to wait a few years, have changed their mind??!! This really is torture, just when you think it couldn't get lower, it does. Not one person here could imagine this would realistically be under 6p.
Yet we await the next week or so for a lifeline, really hope this comes good for us all, a lot have suffered the last 2 years.
GLA
If you were an oiler, would you make something up like finding a massive Oil field, go public with it but keeping the evidence back, knowing full well it was all a lie and made up - for what exactly?
Do you think he would get say with that?? Do you not think he would end up in jail for FRAUD, for the rest of his life?!
Yes I'm totally frustrated whats been happening here for the last 2yrs (pretty pssed to be honest), but until the fat l@dy sings (am I allowed to say that these days?!), none of us know whats happening behind the scenes, when it does all come out, then we can discuss like adults whats been happening.
I'm not defending AM, just waiting impatiently until we know the full story - hopefully next week - PLEASE - a T/O would be the best outcome for everyone!!
GLA
Thank you Tiburn, much appreciated.
I understand what you mean, but the SP is relevant to everyone, as thats the way we make our returns. The last 2 years have been horrendous for a lot of people here, including me, given that so much has happened that should have increased the SP, yet now we are under 7p, is just ridiculous. Surely the best outcome would be take over, as with a JV, we are talking about 400% just to get to the 30's, and that only gives us a MC of about £80mil.
Yes, although Blackstout's figures did look good, I fear the real progeression would be a lot slower (f anything), as this has become a traders dream, and as you say been manipulated, and hence, more then I think more likely to be taken over cheaply - and by that I would think around £2.50 (don't forget the buyer would want to make a substantial return on their investment - just like we do), which to be honest, I'd be a lot happy to have (as I'm sure other would) within a few months - hopefully, than wait 3-4 yrs, not knowing what can happen in life, look at what Covid did to the world.
Here's to the LTH's - we need a change of fortune here...
Thank you once again
GLA
ps. I did laugh about your Iron comment...only for Fish to be re-born...
Tiburn,
Where do you see the SP going once JV announced, obviously depends on terms etc, but interested to hear your thoughts please?
Always appreciate your posts, especially testing times like this.
Thank you
GLA
How sad are us LTH's,
I pop out to Church for an hour and the traders are in the best position, yet again us LTH's lose out again.
Some are really going to make some money, while the LTH's might be lucky and get out money back.
I actually feel sick.
GLA
Over 15% of the shares traded in 2.5 hours!
Shouldn't of dropped like that yesterday, he needs to update on JV or possible T/O asap, lucky buggers who got in below 10p and around that, stand to make a lot of money given the stupidity that happened.
GLA
MD248, the only way we will get anywhere is if we are Taken Over, simple as that, we have been played on for too long, even traders are making 2-3% and F ing off as they know its predictable.
My fear is even on the JV it goes up 40-50% and people will want out, as they are so fed up hear waiting and waiting. AM has to take part of the blame as to where we are. This will never get to £1 on its own merit.
I cannot see AM waiting a few years (taking him into his 70's) before he starts reaping the rewards - and us. I can't wait 3-4 years waiting for this, while life passes by not knowing whats going to happen.
If AM had any sense he'd sell COPL, walk away and enjoy life, who knows how long we have in life with our families - thats one thing I've learnt recently.
GLA
I'm just hoping for the JV to turn into a Take Over RNS, can't wait another 2 years to go up 5% on every RNS.
T/O is the only way we will get any way near our value, as traders continually take the P here, easy money for them.
No one knows what the future holds here or in their lives, but I know I'd rather have the money now for my kids.
Hopefully a good week...
GLA
Released 13:00:00 18 January 2023
RNS Number : 0483N
Harland & Wolff Group Holdings PLC
18 January 2023
18 January 2023
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Execution of the Fleet Solid Support Programme (FSS) Manufacture Contract
Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that, further to its announcement on 16 November 2022 regarding the award of preferred bidder status, the formal contract signature of the Manufacture Contract for the £1.6 billion Fleet Solid Support Programme (FSS) has now taken place between Navantia UK Limited (Navantia) and the Ministry of Defence (MOD).
The formal ceremony for the Manufacture Contract has taken place at Harland & Wolff's Belfast facility today with Secretary of State the Rt Hon Ben Wallace MP, senior industry leaders and representatives of each party of Team Resolute in attendance. This contract now clears the way for the execution of the sub-contract between Navantia and the Company, which is expected to occur in the next couple of weeks. On the execution of the sub-contract, the Company will make an announcement setting out in further detail, inter-alia, the scope of works to be undertaken by the Company commencing immediately upon signing of the sub-contract and leading up to full scale production on FSS.
John Wood, Group Chief Executive Officer, Harland & Wolff comments: "The execution of the Manufacture Contract is the second major step towards kick-starting the FSS Programme, with the Preferred Bidder announcement in November as the first step. I look forward to finalising our negotiations on the sub-contract with Navantia and proceeding to formal signing."
GLA