Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Any grant would be subject to Due Diligence and the balance sheet looks very poor, a grant would be to create employment and take the project forward, not to pay off existing debt.
It was telling that Gerry Byrne in NF tweeted that no Government Money was awarded, plenty of other companies seem to have got Government funds.
I wonder if the Dubai outfit are still loading up, I believe that they have seven days to notify increased holdings, could they load up in the market then make an offer for the remainder?, just a thought I may be adding two and two together and getting five.
The only thing lacking is money to carry out their plans.
Meddler, if I had one share pick for next year it would be Ixi.
Great management, new contracts, plenty of cash and lots of potential.
I am very happy to be locked and loaded.
Atb.
Paul Welsh did say in a recent interview that if anyone wants it they can have it for one Egyptian pound.
Zeetruth, I was in the same lift as you.
The only one who really impressed me was Phil Scalzo, he would probably make an excellent director or Ceo and would be an obvious choice.
He probably does not want to take it until the finances are sorted.
Zeetruth, I wasted money on an Airfare and Hotel Room in London to go to the Agm.
If you were there you will know that we were all herded together in the ground floor reception and taken up together in a lift.
Apologies Zeetruth, just that his ramping has been way over the top.
I had a few million, sold half after I met the people running the company at the Agm and the rest after the fake Rns.
I thought that the technology sounded brilliant and would be a sure fire winner, not so sure now.
If it was that good they would have no problem raising funds at a lot more than 1p.
The £1.3 million or so raised would not even pay off the current liabilities on the balance sheet never mind pay for buying property in Georgia and building plants all over the place.
Big questions over whether there was an FMA in place in Alberta.
Newfoundland government not prepared to put up any funds.
Seems to be a problem getting directors, I can guess the reason.
Just too many questions about the company and people running it.
If they can turn it round and get proper funding and revenue I might invest again and I shall continue to watch the progress, if there is any.
On the other hand perhaps I was lucky to get out with something rather than nothing.
I did not suggest that you commit souicide, just suggesting that you might be shocked if you reread the nonsense that you have posted, just pointing out that your ramping has been wide of the mark, people may have lost money reading your posts and the share price proves the fact.
I suggest that you refrain from more ramping until.
1. Sufficient funding is in place to pay the debts and fund running costs.
2. Sufficient funding is in place to pay for Plants, Property etc.
3. There is a proper board of directors with people who can lead the company.
Regards
Max,
Suggest you read Dr Macers posts for the past two years, see how true his predictions are and look at the share price then and now.
A lot of people have been misled by his ramping.
The share price does not lie.
There is one executive director who is more or less invisible apart from a name at the bottom of Rns’s and one non executive who we never hear of. It is almost six months since it was announced that Mr Spinks would leave the board.
Are they finding it difficult to get another director?
Dr Macers,
As for trolls, I would suggest that you issue an apology to all the people who believed what you posted and blogged.
There is only one measure of whether you were right or wrong and that is where the share price is.
We all know now that you are a quack.
Dr Macers, all you have to do is look at the balance sheet from the last published accounts, the nett assests were minus £254,270 then if you discount intangible assets the position is almost minus 9 million.
The recent fundraise does not solve the balance sheet problem or provide anything like the funding needed for all the plans.
I would suggest that instead of living in dreamworld that you go on to Proactive and listens to the interviews for the past two years and look at what they have achieved, where the share price was then and where it is now.
How is a company which is technically insolvent going to raise $19.7 million to pay for the plant, buy the site in Georgia, pay for a couple of plants there, build more plants in Alberta, build plants for YLF and sell to them, build a few in the far east etc etc.
Minor problems, just have to make sure the staff are paid and the electricity is paid.
DM, the board have probably not been taking a salary because there was no money to pay it.
At the start of June we were told that we had an MOU with YLF for a plant for them in Utah, which from memory in a video was going to be operational by the end of this year.
What happened to the final agreement.?
Where will they get the money to pay for the building of the plant .?
Doubt that they have 1.5 million in the bank, the Current Liabilities at 30th June were almost 5 million, almost 2 million more than the current assets.
Plus all the wages and other costs since the end of June.
Crazy price, £10.3 million market cap and £7.9 million cash.
Future underpinned by £15 million of new contracts, as per the results statement.
Patience required.
All that glitters.
Delighted with results.
Growth due to new contracts and expansion of existing contracts.
First year of revenue from wearables.
Partnership with Biogen going well on MS drug.
Bringing in new talent and promoting from within.
Cash in bank 7.9 million, cash burn for year 100k.
Staff revenue per head increased from 55k to 95k.
Raising profile of the company and focusing on Data Analytics.
Collaborations with Academia on Artificial Intelligence, Kings College mentioned.
Hope this helps.
Sorry Smith, not very good with links, just go on to proactiveinvestors co uk and click on videos, sure you will enjoy it.