Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Dai, didn’t answer my 4 ! Last time they were answered later in writing.
And totally shot reply lol, don’t think she understands what dilution is
Wow completely avoided the question About liquidity
Lollllllll directors buying shares question hahahahahaha
Dai lol, you want a look in ? All over. They won’t say how much the rig cost, won’t say what funds they still have. Just say the drill will be useful in the future - but probably not for us
Game over then . Last LTH turn the light off
Totally inept from the financial director. We have learnt absolutely fk all
They stated the quorum was 2 share holders present . Not sure where they got that
Figure from. Quorum is usually 54% or there abouts
So there’s 900m shares in issue, and proxy votes received circa 15m. Shows the level in investor interest left here.
That’s that then. Looks like no people in the room
No one there ?
Probably just having some undesirable shareholders removed from the building
Time to line up for the slaughter. Dont hold your breath anyone.
Absolutely agree Joe, Owning the rig and back to back drills was supposed to be more cost effective, have we been Hermes hand bag shopping in duty free on the company credit card ?? Makes you wonder. Financial director keeping his head down.
horis, they’re skint !!! and raising at a penny is like *******nin the wind.
Speaks volumes to me. Thanks for the info Skit, one thing I will miss when this all probably concludes shortly is your incisive reporting. Merry Christmas and all the best for a better 2024.
OK Horis, let’s play it your way for 2 minutes, what legitimate reason can you give me for the purposeful depreciation of the share price due to communications from the CEO prior to 2 fund raises ?
I wait for it to be confirmed that the share price has been calamitously trashed on purpose which will then be due to a dereliction of duty, then I will look into any legal arguments which may offer some avenue of recourse, even if it’s only to have those guilty proven so.
My opinion is that Lorna has been absolutely terribly advised, it could have been so different and unless she is thick which she is not, she must realise that.
Comms from HE1 have become such a joke that is doesn’t matter anymore if the news is good bad or indifferent, it still pushes the SP down, because people have lost faith in the management. Such a shame, was such an opportunity.
Coco , yep I couldn’t agree more. The only way forward here is for the whole board to go, find a new chairman possibly from the private investors, someone who actually has the companies and its investors best interests at heart and probably get some deal done with Noble to dig us out the brown stuff.