Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If you look at the spread at the time of these huge trades (they are all delayed prints), they are just above the relevant midprice. Hard to know for sure, but normal logic says those are buys, without a great degree of certainty. These sneaky trades within the spread are annoying for PIs trying to make sense of direction!
A sell of that size is most likely institutional, and they often are forced to sell stocks down to meet redemptions.
No no Chris - REAL investors hold 20 mil of a stock and then go on to a board of fellow shareholders to trash it, and ***** like children when picked up on it and call everyone else 'rampers' (ah yes, how corrupt to talk positively of something I voluntarily have money in). Now THAT's smart behaviour.
You didn't 'prove' anything, and were arguing that they're not going to produce oil from this well, which you tried to justify using technical terms to discuss a site plan that isn't even known yet.
You are not worth the keystrokes. Kaythanksbye.
Interesting use of 'We', PDSM.
Weren't content with being a dreary sod on the UJO board so come to honour us here, eh PDSM?
Yawn.
Corallian holds some valuable license blocks and proprietary information from drills.
Sharon you posted that just as the price went up. You've got to get these troll comments in earlier in the day!
I strongly advise everybody who is dissatisfied with the company's communications to take a moment, right now, and email your opinion directly to Camarco, the board's PR representatives and the most direct route most of us have to the board itself.
reabold@camarco.co.uk
Do not go easy on them!
**** - everyone on here is bent - all their positive comments is because they're actually **SHAREHOLDERS**!
ALERT THE FCA!!!!!!
Lol ok Sharon, so you're accusing me of speaking positively about the company, having an interest in it, but not directly being paid by them. Are you accusing me of being... A shareholder? Lol
Why do incinerators for gas mean they cannot also have facilities on-site for oil? Bit of a non-sequitur. Presumably the site design allows them to test both, since they've indicated this verbosely on multiple occasions. They might well not produce oil from this site in perpetuity, but there is no reason to suppose they won't flow test it as planned. That flow data can be extrapolated to other drills on the site.
It is most certainly not true that they can 'say whatever they want to' in interviews. As board members, there are numerous FCA incumbencies upon their conduct and public statements, regardless of the RNS channel.
*by another. Not 'my'.
Also strikes me that you only wheel out this 'you're all working for the company' tin-foil hat nonsense when you need to distract from the fact that you've made yet another daft point that was swiftly dispatched with my another poster. And well done - you almost got me.
Alas - once again you said something without saying anything, denied your own implication, then tried to change the subject. You are a weasel of a man.
All of the press work from UJO and RBD has discussed flowing oil. I doubt they're deliberately misleading investors, unless they really hanker after a prison sentence.
Lol ok so I am 'involved in the business' but not paid?
Do you think perhaps a more logical and less bat****-insane theory is... I am a shareholder in the company? Duh. Where do you think you are?
Do you know what's weirder than a shareholder talking positively about a company whose success will increase his personal wealth? Somebody claiming to be a shareholder whilst making a job of casting aspersions on that same company. My actions are obvious - yours are suspicious and strange.
If you think I am colluding with Reabold Resources, please report me to the FCA. You are a twat.
Ah-ha, so there is your actual implication spelled out. You think they've abandoned plans to raise oil.
I think that's enormously unlikely and see no supporting evidence for the claim outside of 'why is the site not being prepped yet'. It fails Occum's Razor, for starters.
I dislike comments like 'I find that strange', because there is a clear implication behind the statement but not backed up by the conviction of actual words.
Your implication appears to be that they lack of activity must be because of some malign reason like perhaps they've decided this whole thing can't be done, and decided to violate all laws of the market by not revealing this and making continuing public statements that would be totally misleading and lies.
OR... perhaps there is a more pedestrian explanation, like the preparation of the site doesn't take very long and the HSE will be on-site to inspect right away, because they are planning everything very carefully.
Even if you don't think I'm right, there is no reason or logic behind supposing anything malign is going on.
They will also be leaving all prep till the absolute last minute, as they'll need police support for the entire operation. They will be planning everything to happen in as compressed a period of time as possible. This will mean not coming in to do site prep right until all other permits and equipment are ready.
This is how this will play out. Radio silence, and then a massive flurry of urgent activity.