Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Can you show me how to block foul mouthed, arithmetically challenged rampers?
I may be mad Joe but it sure doesn’t help you !
You know you’ve won the argument when the other side revert to bad language and rants
Whatever-good luck Joe.
You may yawn but your illiterate posts let you down-FRP will have been involved for at least a month behind the scenes doing prep work for either a sale or admin.They will also have agreed a fee structure with the BOD
Anyway-good luck to you in the next few days.You are either going to lose the lot or have to write a cheque to avoid obliterated equity
Evening all
Having been through an admin process, I can tell you the 10 days is to give the company time to sort itself out without the directors looking over their shoulders worrying about their own positions as directors.
Just my view but I think they might have instigated this to encourage the known suitors to put up or shut up-high stakes of course but they have few cards to play if cash is running short.
All is not lost-yet.This tactic may bring things to a head but in any event, there is going to be severe pain for current equity unless you have the means to follow on.
I think you will all know soon enough of course
As for the comments about the state of the battery industry, the problem for AMTE is really down to the lack of a commercial product.They clearly think there is value in the IP but literally billions is being splurged on cell chemistry across the globe.Companies like Johnson Matthey pulled out of the space a few years ago for the reasons I explained before-low margin etc
Anyway good luck all-nobody should enjoy others losing money at any level
The muppet is you mate-you’re the one holding your golden tickets
I read a book a couple of years ago-called The Signs were there.Its written in very easy English and devotes itself to companies such as Utilitywise where a careful look at the accounts would have given the game away
Worth a read-along with my book when finished about bulletin board behaviour
I’m here to counter the utter rubbish written by some and Im writing a book on bulletin boards behaviour.
The AIM panel got here too under Rule 40 to protect investors.
I have no interest in wallowing in other people’s misfortune.
I think many on here should embrace alternative views-I do, as I find having an overview from all angles very helpful, even the extreme stuff as that usually appears when the SP is below 1p and can swing violently with ramping
I nearly invested a while ago until I saw the management team’s response to running out of cash-still ploughing the Dundee factory furrow, and refocusing on two sectors which are notoriously difficult to break into.Basically they ran down the wrong rabbit hole in my opinion.
Oh and I’m so dumb, I have lost not one penny in this.Now tell all of us how much you have lost smarty pants
I’ve posted on here to simply put the point across that this company has been a disaster in the making since IPO-you may not like it but look at the graph-the right way up of course
The only person who mentioned this board is you, the village idiot
The RNS is clear and we can all read-but the background is the concern of the Regulators for investors.And boy has this car crash been ramped to within an inch of its life
Oh look-an extract from the rules in suspending a share-not exhaustive of course
when it believes that the public may be making investment decisions based on a lack of information, or false or misleading information.
Let’s go back to 19/12 and the Suspension RNS-suspended pending clarification of the financial position of the company.
Why?To avoid a false market created by lunatics ramping the life out of a dead horse
Or just buy the IP and save yourself a load of hassle
I agree-I know Malcy and he’s right
You’ve lost the plot
I repeat-the companies that make money out of cells are those that build applications around them-the margins on cells are minuscule.How do I know?I sold a company in the space
For the record, I looked at the company at IPO-turned it down because the valuation was crazy,fed by stupid institutional investors who failed to look at the end game for this company.
If there is hope, it’s in owning the chemistry and leveraging it with mature companies who design applications.Even as late as mid to late 2023,the BOD were following a ‘go it alone’ strategy-crazy and deluded.
99 times out of a hundred pre pack means no equity value
This company has some interesting chemistry but that’s about it-it’s more useful in someone else’s hands
I think a pre pack at best unfortunately
No-it’s the law when you are dealing with admin.It might flush out a saviour of course but the 10 day process is designed to give a few days breathing space.
The problem here is being a plc means the BOD will need to provide a running commentary of events which isn’t a great platform to deal.
As for a scam, wake up.The directors have fiduciary duties-have a look up on Wikipedia to see what that means.In this instance, they have run out of cash and it’s a criminal offence to continue to trade without means to pay the bills.
Well it’s clear from the RNS that the protagonists are ‘interesting’
We reap what we sow