Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
A good day, with more to follow, the CEO is bullish about what is coming up, order book strong and being converted into sales, new hires as they build the workforce in line with the workload and been recently at the 52 week low. A very firm recovery play...
The 2 x 300k and 2 x 230k have been deleted and replaced by one 530k sell, so the sell volume is much less than advertised.... Looking Good!
Not sure it is Roland kicking any can down the road?
Why the change of heart now? You seemed to be telling everyone this 3 months ago....
"GoI may take a little bit of time, but by my records SYN already have sufficient cash in the bank.
So, cheers for the cheap shares.
As I've said before, I will not sell a bean under 1p per share.
Haters gonna hate, but LTH like me know that this company has a huge potential with low risk downside."
Yet nearly every day Sausage and Gordon cry out for more updates, more info and I bet they are constantly emailing everyone saying as much as well.
He is damned if he does and damned by some if he doesn't. There was no way he could have known how long it would take and was obviously optimistic about the timeframe, perhaps he shouldn't have said anything, but then we would have dozens of posts asking for a timeframe by posters who actually seem to only want the news to sell out into any rise.
In the meantime the 'forced' update gave the knockers ammunition to push a negative slant and force the price back down.
Patience will be rewarded, for those that cannot be patient don't invest in shares...
Gordon,
You're becoming hysterical, constant posting after the market has closed just confirms it.....
Or those that have rejoined Lupi!
We don't expect revenues from Redmoor assets any time soon, but positive upgrades can only help the partnering situation, which would immediately bring a Boom to the SP...
Robdog67,
What has that got to do with FAB? Have you posted this anywhere else or just here? WHY?
By the way as they were not listed on AIM (they were standard listed on the Main Market of LSE), then most of your post is pointless.
It was also a pre-revenue company that had burnt through £20m in 4 years, thye were struggling to raise any more cash through the listing.
Commentator's Curse....
Oh so sorry, I can't think why I thought you had bought them all yesterday and at 12p???
AimHigherStill
Have your 8m shares appeared on the trades data?
Gordon,
I have learnt that you shouldn't be invested in Companies where you think you can do better than the CEO...
If you can, you shouldn't be invested in that Company and should be backing yourself and if you can't (but think you can) then perhaps you shouldn't be investing at all...
Some here desperate to drag the price down to get in after they missed out a few weeks back, coupled with the stale longtermers, everything posted is negative.
Today's RNS states there is nothing the Company knows of to stand in the way of Ministerial Sign off for the JV, so it could happen tomorrow, it could happen next week or it could happen next year.
Everyone talking their own book here and far too many traders/stale holders for my liking but they have as much idea as anyone else and they can be just as wrong as anyone else...
So you suggesting it is him, and only him, who will be assessing all the information before signing off on a JV? He will be given a piece of paper and asked to sign by his Civil Servants that will have done all the work. Who knows he may use the signing off as part of his Campaigning, 'an example of the current Government investing in the Energy future of India'...
Well he is hardly going to post on X that he is....
Anyone else think the last trading update was a kitchen sink job and they are now trying to focus everyone on the future, not the past year?
If delayed contracts are just delayed, then they will boost what we are being told is a growing sales leads, sales pipeline and orderbook...
The GoI are approving the JV between an Indian Company and a Foreign Company, not the project infrastructure....
There can't be an update until there is something to update with.
Not as strong as the 29 code....
"The net proceeds receivable by the Company pursuant to the Placing are approximately £1.24 million"
Well then we need to see some more buying/adding at these levels....