The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Checkout, 'doesn't look like' holds no basis in reality. Your opinion is worth the same as mine, very little.
As stated earlier over 2 years there is very little difference between the losses of PANR and 88E. That's exactly what PANR holders do on this board, they cherry pick good news for PANR (and timescales) and bad news for 88E (regardless of fact).
88E has no debt, is waiting on results to see if they can be commercial, PANR say they are commercial but can't afford to do anything about it as they can't even cover the debt they have without further dilution.
PANR are not in such a good position after all.
'Highly volatile share price over the past 3 months
Makes less than $1m in revenue ($362k)
Earnings have declined by 54% per year over the last 5 years
Shareholders have been diluted in the past year'
I see PANR are down by 13% in a week and their net losses up by 261% since last year. And the next three years they expect to increase those losses year on year by 122%. Someone asked earlier why would someone choose 88E over PANR, I think this says it all, well almost all as they still have debt to pay back or dilution to cover it. :)
Apologies to 88E holders, just returning the favour.
I cant imagine the sophisticated being happy with a drop so soon after the raise, which might be why they were selling before they even had them in their hands imo
Wasn't there a shout yesterday about circa 4B shares hitting at 8am and watch the drop? Didn't happen. Unless sharebell was right and they had sold them already ;)
Skippy, that was always my thoughts, however it has been pointed out many times to me that this is a simplistic view. You may consolidate 1/1000 but the share price rarely matches the multiplication. I personally dont care if we reach 50B or more if the company turns a corner.
BromBarb, thanks for the instructions, I have contacted my broker to ask how to vote on the resolutions. I hope that they will send a form or make it as simple as possible.
As for consolidation, without trolling through multiple posts I am sure that AG said they would discuss it at the AGM as a number of people had raised it with them. It may not be a resolution but I hope they at least reference it.
I think that gives us 28.9B shares, not quite the 100B mentioned on here, fully funded for more than 12 months, next Namibia payment paid, and income from Longhorn. All we need now is a buddy with deep pockets, for Leonis and Phoenix.
Consolidation may be next but lets do it sooner rather than later. AGM decision.
MadEnglish, yes I do recall that but thought they would end up with 8%. Still puts them 3rd largest shareholder.
Robert Bose, principal at Charlestown Capital Advisors in New York City is also president of Sintana Energy which might explain your comment.