Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It's also possible that all cash is distributed, some free shares and have a rights issue to raise capital or have a placing with the farm in partner paying capitcapital in for a stake.
The options are almost limitless and loads of really good theories speculated on here.
Hoping to meet some of you on the 14th if I can finally get to my first event after many years of holding here.
GLA SC
There are so many good investors I would like to shake the hand of.
This is an ideal opportunity for me to book an afternoon off and wander round to meet the BOD and investors.
See those there that are attending.
Exciting times me thinks
SC
Morning all,
Is it not possible that all these delays - GSA - farm out - etc just add more to the argument that we are actually in a time of more advanced negotiations with purchasers?
A bit of a reverse conspiracy theory but possible all the same?
Enjoy your weeks.
SC
Hi JTF, really good post until you mention Pardeep which goes against what you were asking of others!!
That said I think some of these comments are firmly tongue in cheek and some of your humour brings a smile to my face.
GLA wouldn't want to be out of this over the weekend!!!
SC
I was of the opinion that we would receive a RNS would appear. Just shows you can never 2nd guess based purely on price.
No slippage in timeline as we are still in mid Feb for another few days.
GLA- exciting times still on the way hopefully.
SC
So there is a Moroccan energy conference happening this week.
With so many possibilities available and so many possible suitors in 1 place it wouldn't surprise me that we get some more interesting news in the short term.
We PI's don't know who has been in the data room already but I would have been if I was attending the conference.
Exciting times me thinks.
Best wishes
SC
Evening All,
Just catching up with the board.
PNE79. I really like your 4 point detail in this thread. I think point 1 is most likely.
There is a 5th though.
TE11 could be waiting to target something specific in terms of a potential buyer. Either oil or has!!
I don't think so but possible though.
SC
Sorry for the cut and paste but thought this was an interesting view.
FEED end-point eyed
In a note to clients, analysts at SPAngel commented: “While the news of the drilling and exploration/appraisal programme is positive, the news that will catch the eye is on the stage of the FEED programme. When you draw to the end of the FEED stage, the point at which the engineering team can confidently outline its expectations for timing on commissioning starts to form.”
They added; “While the exact date will not be confidently known until it is over 50% complete, we believe that point is fast approaching. Once known, so too will be the estimate for the quantum of cash that Sound must also fund, which will then present investors with the outline and route to value for the Company.”
As we build up to the final play we are going to hear less and less. Patience is key but if you don't believe in the end game or have a reasonable amount of faith in the main representatives of the company maybe it is not prudent to be invested here?
We all have different risk vs reward appetites.
GLA and have wonderful weekend's.
SC
More finger pointing about what people's goals are. Many have very different strategies and goals.
Some want quick day trading profits.
Some want to risk shorting via some method.
Some want to buy and hold.
Some are regulated so have to factor that in as well.
Some post on here to try to influence others based on what strategy they are following.
As all have said AIM is a very risky market as is O&G.
I feel it is all coming good but we are not finished yet.
GLA
Wishing you all a happy and healthy year ahead. It obviously goes without saying that I wish all sound holders a prosperous year ahead, but I have clearly just said it to contradict myself!!!
Exciting and nerve wracking times ahead...