Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I still haven't received the Divi. The official position is that Barclays are still investigating the issue. This probably means that support for SCRIP dividends on the new Smart Investor platform is at best, broken but fixable in a reasonable time, or in the worst case, the ability to support SCRIP dividends was missed in the Smart Investor Business Requirements Document, in which case they will be in emergency design workshops trying to understand what the full impact to this issue actually is. The helpline agent did confirm that it will resolved this year, which gave me some hope that the dividend will be paid before my accounts are transfer to Hargreaves Lansdown (if the recent press reports are correct, the backlog of account transfers out of Barclays is taking 3 months or more to complete, which is a total shambles).
Gordon Brown aka Gordon Bowden? He interrogated Bill about nuclear waste buried at the bottom of the shaft, and other fraudulent matters which had been recently exposed in a youtube video, for some time. It seemed to end without incident, although it seemed strange that everything and everyone was being filmed. Afterwards, Gordon and the entourage remained in the car park talking (perhaps filming) to a couple of the AYM group, for at least 30-45 minutes.
Fourprinces, clearly the content of the RNS is too technical for some members of this board (including myself). $53 million (against the current market cap of around £11-12 million) to get to the point where the Parys mine is producing, is the easy bit, I'm fairly certain everyone has got that understood. What do the other figures in the scoping study actually tell us?
The DCP management must rank amongst the most incompetent and despicable team of any of the companies which list on AIM. A truly astonishing update at this juncture. There is now surely a clear possibility that these shares could become junk, which presents us all with a choice to cut our loses now ,or potentially wait until 2017 by which time, due to perhaps more further unforeseen circumstances and continued disintegration of the financial position caused by the largely ineffectual performance of the management team, to effectively lose the lot.
jaf1948: Do you mean the RNS of 13th September, where production issues were discussed? It is surely noteworthy that the DCP management ensured that all issues were resolved in an efficient and timely manner. In mining terms, the perceived 'delay' in the RNS is trivial, when compared to the magnitude of what DCP have achieved thus far. If there are ongoing production issues, we need to let the management handle it; if this is too difficult to stomach then perhaps it is time to sell your interest in DCP and move on; there are many 'safer' opportunities out there to make your fortune.
The article named the chosen product as AIS-P, which seems to be manufacturer agnostic. So the India situation could be worth A. £35-40 million + £x million recurring = £y million, where x is loads and y is even more than x or it could be worth B. £0 million + £0 million recurring = £0 million If A, increase holding as much as one can afford , else if B, sell entire holding. :)