Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Found this from 28/8/19 announcement from when David Palumbo and Yoel Aleman Mendez we’re appointed . I find it interesting when you read it states that Yoel owns 67m of the shares held in Inava . If that’s the case he hasn’t sold any of them as that would be announced within two days of trading.
Mr Yoel Alemán Méndez is a 30 per cent shareholder in Inava Ingerieria de Análisis SI ("Inava"). Inava was formed to hold collectively shares in Eqtec Iberia SLU and subsequently in EQTEC when it acquired Eqtec Iberia SLU. The individual shareholders in Inava have decided to enter into a shareholders' voluntary liquidation process in order to be able to distribute the EQTEC shares in specie to the individual shareholders of that company. This process has commenced and is ongoing. Inava is currently interested in 224,368,361 ordinary shares in the Company, representing 7.26 per cent of its issued share capital. Accordingly, Mr Alemán has an indirect interest in 67,310,508 ordinary shares, representing 2.18 per cent. of the Company's issued share capital. For the purposes of MAR, he is not considered to exercise control over Inava or any of its shares in EQTEC.
The two largest and supportive share holders Altair and Ebioss Energy own 28.87% and 9.92% as at 16/3/20. I would be very surprised if they have sold any. The seller of late has been Inava. On 7/10/19 they had 215,941,361 and announced they had gone below 5% on 28/1/20 to 194,081,362. That was reduced to 179,771,362 (4.56%) on company web page as at 16/3/20.
Not many other holders with serious size so would be surprised if it wasn’t them.
Good to see the back of them.
Interesting Tweet from Align Red. We all know how this works but always good to see. Note very old
Good to see Eqtec rising post interview with David Palumbo today. Our view remains as per here - alignresearch.co.uk/cpt-company/eq… Wildly mispriced relative to Powerhouse Energy #PHE
https://res.mdpi.com/d_attachment/resources/resources-08-00081/article_deploy/resources-08-00081-v2.pdf
Recent Tweet from company. Old news but still interesting.