Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Personally, I don't think it's Calvalley or bust. Other finance options are available. We are moving towards gas revenues and further exploration is also now back on the cards. The key players also still seem to be supportive. I'm more positive than I have been for 3 or more years.....
There is literally zero value attributed to the exploration acreage as well. Once the business is cash positive, then all of that is back in play. I am absolutely amazed at the current SP.
Hard to believe the SP is now lower than last September. The company has made great progress since then and we are steadily moving towards producing plenty of gas. In my view the further exploration potential is huge and is not priced in at all. This made some sense, when there were concerns over the ability of SOU to keep the lights on. Those concerns are now a distant memory, but the market seems blind to the fact. No idea why this is being walked down, but I'm guessing a large buyer is looking for a juicy entry point.
GLA. Patience will be rewarded.