Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Very good interview on Proactive Investors, worth a watch.
Lots 5o look forward to.
£120 million wiped off the value of the company, I bet his ears are ringing.
Ixi our presenting at Proactive Investors One2one in London on 24th Jan.
Looking forward to a good update on 4th December.
Glad I got out this morning even if I lost a heap, just too many questions.
Why was the Mayor of the Moose Capital of the world not tweeting about the announcement.
Why did the Young Living Mou not turn into a firm order yet.
Why did Alberta Mou not turn into a form contract and was there a FMA there at all.
Where is the money going to come from to pay their debts.
Where is the money to purchase land in Georgia and pay for Coalswitch plants in NF and Georgia.
Why do we only have one n executive director and one non executive.
Then add on the current shambles
Kicking myself for nit getting out earlier.
Sold all mine this morning at a big loss, certainly feel as if I have been conned, just not sure who by.
The last published account seem to show that the company is woth around minus 9 million, if you ignore intangibles.
So the big doubt for me would be where they get the funding to pay what is outstanding plus raise momey to build the coalswitch plants.
Not sure if I bought a pig in a poke or I am poking a pig.
Poker, thanks for the info, much appreciated, will be good to get some info on how it will be funded.
That is my main concern, if they can sort out the funding requirements then I am sure that everything else will fall into place.
At the Agm I was told that they had enough orders to run a plant for a year just to produce coalswith for trials, which companies would pay for.
Good luck we seem to be moving in the right direction.
Yes I am hopeful that it will multi bag and probably be taken over in the future, we seem to be making excellent progress but it will still take a year or two.
The bottles cost $8
There is a good interview on Proactive Investors today, worth a watch.
Share price seems to have overreacted a bit.
Mr B, you better check the sell by date.
I hear that there is plenty of running room in the BP assets, they have been a bit neglected.
Well was spud on 14th June and they said 90 days, on that basis overdue by about 15 days but there could be many reasons for a delay, not too excessive.
Will be interesting to see if a new director or directors are appointed, we will be down to one executive and one non-executive after Richard leaves the board.
Well done Appi, I suppose that will cost me a large G & T beforehand.
I do not think that Paul would do a deal unless it was very good for SDX, must admit that I hope it goes through, I think that it could be transformational for the company, especially the way the oil pricc is going.
I look forward to the details.
Atb
Paul Welsh is presenting in London on 16th October so news before that would be good.
A few people seem to be confusing EBIT and profit.
Last year EBIT (earnings before interest and tax) was £330 million, finance costs were £188 million and tax £34 million,leaving a profit of £12 million.
The Balance sheet had net assests of £280 million, including intangible assets of £3136 million.
I would think that the lenders would not be too happy with the statement today.
Hi Chrismar, sorry not good with links, just google “Reuters bp Egypt seeking buyers”.
No doubt there will be many amounts bandied about until the deal is announced.
I am sure that Paul would not contemplate a deal if this size unless it was very good for shareholders.
According to a Reuters article the BP business was worth around $500 million.
I share Mayor’s passion for advancing our Forest Industry on GNP, it’s been years of advocating & looking at opportunities for me. In no way is Government delaying an announcement, like Grieg & others when in a position to announce a deal it will be made public.
Sounds good to me.
I know that BC has been mentioned a few times in presentations but Aeg do not seem to be chasing it compared to Newfoundland or Alberta which seems strange unless the economics are bad to process it.
We would get the Salty Hog for nothing or be paid to get rid of it.
It does not need to be harvested.
It is right on the Pacific coast ideal for shipping to Japan, unlike Alberta which would hVe to be transported by rail to BC.
You would think that there would be instant approval from the government if this will get rid of the problem.
Any views anyone.
Probably arranged at the last one, he did seem condident of a deal.