Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Scenario:
The next RNS says: drilling has resumed on mou-2 and they have switched out the mud/ chemicals to address the encountered issues.
Where does the share price then go?
Keep in mind we will then know there is likely a good top seal and they are close to the predicted pay zone. I think it would actually be more derisked them before.
Anti ramping message: it's possible they have encountered mud / issues they can't deal with and there are further delays.
Climate Change is followed with religious fervour. You could argue that it has replaced organised religion for many. However much sense securing nat gas makes for Ireland, they will only do the sensible thing after they have exhausted all the other options. People get what they vote for.
I bought a small position in early 22 and sold when it went south because I didn't like it. The 3.5 was a long time ago and I never owned back then. When I said I was waiting for 3.5 it was because I was waiting for 3.5.
I change my mind all the time. If it hit 3.5 I would have bought and that was based on Trinidad. I never got in and went onto something else. It would have turned out great for the wrong reasons, I am usually very lucky.
Expert views are interesting to read. But frequently you have two experts with the opposite opinion. We saw this with aspects of covid. What do you do in this situation? For me the only answer is I we need to follow my own Reason.
Anti ramping message: there is risk attached to this stock (operational risk, geological risk, commercial risk etc) but I honest believe mou-1 / mou-2 are both successes. Grf-1 is part of this and the results from mou-1 previously is also obviously a big part. I just like the bet here.