Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I have been a SH for a long time now, my average is still higher than I like but have taken my stand to remain at my current level.
I have filtered many over the years.
I agree, I too am hopeful for a successful outcome but if not it was my decision.
K75 and others can say what they want, best not interacting, all are allowed their rants and angry objections to others having views that don’t agree with theirs.
I think news is imminent and not just basing that on today’s price rise.
Good luck to all holders.
It always surprises me how people go at each other simply over points of view, we all need to find some pragmatism!
The longer the RNS is taking suggests to me that a) the meeting has gone ahead b) there are ongoing discussions that are absolutely vital.
Personally I am on huge downside from an exposure perspective, based purely on decisions I made with details that were available at the time.
It would be great to see this issue resolved and the company flourish, which I am sure it still can do, but nothing is certain in this life apart from death and taxes!!
I have been a holder for a while here. I have practically written off any profits that I thought might be there when I invested years ago, I have bought my average down though over those years.
I wonder why board members would bother being keen to undertake a block admission when the price is in free fall to create some worries in holders by sending the share price down?
It’s not like there will be a return if it goes belly up!
I am still hopeful that these will, at some point start to rally and dare I say get to a good target price.
GLA
SC
Morning all, a long time since I bought in or posted. Still holding at a huge average, over 60p, and am now at point to bring that down dramatically.
The new board seem to be miles ahead of the previous incumbents. Still risks but upside is looking very, very strong from here.
GLA.
Morning all,
I have been thinking of the clever ways the company might distribute cash for an asset sale.
I think we approved a share buyback program at each of the last 3 AGM's.
If we for argument same got an offer that equated to 50p a share for Tendrara, after deductions,is it not possible that there could be a 50pct share buyback @ £1 a share?
Does that not make it a capital return rather than income?
Good luck all.
SC
I'd agree with that it is like when people buy in to stocks simply to receive the income.
Often though the price can drop on Ex date by close to the value of the dividend as a form of mark to market.
Too many years doing income and Corporate Actions for the institutions I'm afraid!!!
Hi PontC,
Been here 7 years and made some bad decisions that have left me overexposed. My fault though based on the research I did.
In answer to how long that is the 10 billion pound question (I am hoping) but I will wait until I feel the time is right.
Am I going to follow the company and set a deadline that puts me under more pressure without knowing all the facts...No
Good luck to all investors let's hope for a positive outcome for all.
And apologies for my optimism I always like to see the best of things as it works for me.
I get that all are livid/scared/disappointed where we find ourselves 're share price. I feel all of those things and concern about being so down on price. But we have to be realistic based on the facts and who knows all the facts? Not us PI's.
I have said before we only need II's to make markets. Those waiting until the LE will wait - me included.
I find it incredible that people look with hindsight to reevaluate something that happened a while back.
Timelines are an issue but this is a tough business with lots of possibilities so let's try to be a little patient and wait for concrete news however hard it is. We do have some powerful allies who can help us.
GLA
Many great posts over the past couple of days and some very funny ones as well.
Regarding cash and time someone mentioned the value of our relationship with the movers and shakers in the country. This is worth a lot.
I remember a big deal many years ago in a different segment. The company were doing a deal with a nation around infrastructure. The company never did deals where they took less than 51pct. So started the negotiations on that foot. The nation came back and offered a 49/51% split in favour of the nation saying that was the best deal. The company but their hand off because of the sheer scalability.
We have a country that have a timeline. The prospective buyers know this and would want to open up further potential by helping Morocco come to market.
That is almost impossible to calculate a value on.
Good luck to all
SC
I like most am mightily disappointed by yesterday's news. However some of the knee jerk reactions and comments are really beyond the pail.
I don't think the team have delivered but I don't think the character assassinations are well founded or constructive.
I am likely to lose money I couldn't afford to but that is my fault.
I have yet to meet any team that set out to fail.
Let's see what we find out in the short term.
James will stand down he has made that clear previously but I would absolutely expect him to stay to the conclusion of this bit.
I know I will be shot down by many but it is time for some pragmatism.
GLA
I have yet to meet anyone in a position of responsibility that hasn't made a statement around their belief at a particular point that hasn't turned out to be wide of the mark. That is how so many people appear wise when using hindsight.
You can feel the absolute tension coming through on this board because we are so close to major news which could be good or bad.
Obviously I am thinking good for no better reason than those thinking bad.
Quality takes time.
Still all comes down to our own risk reward appetite and our research. No one has made us hit the buy button.
GLA shame I am missing the AGM.
I am here until LE probably. Each day the price is a lottery at the moment. It wouldn't surprise me if we lost a few percent early on today but then ended up due to opportunity of price and the old favourite of being our over the weekend.
I am feeling quite bullish about the final result although less sure about final proceeds.
Still think 5-10 bln possible if the results are right.
Enjoy your weekends.
Here's to the final curling.
I have a few thoughts around this. Firstly I think really good news and they have to say about his replacement just for BAU purposes.
The replacement could be another Moroccan official or a M&A specialist. Or it could be a red herring.
The near future is even more intriguing and exciting in my view.
I think there are a host of possibilities still open to the final outcome.
There is no doubt that big boys are watching and little doubt in my mind that multiple companies have been in the data room.
I suspect that we might be bought through a joint venture of some description which could have the possibility of having larger budgets available to buy us.
As highly unlikely it is I think there is still a tiny possibility of 4 figures just look at the Exxon post earlier in the week it only takes the right place at the right time for all to become true.
I think we are in the right place at the right time with a huge global appetite for what is on our menu!!!
Enjoy your weekends
SC