Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Our 2 scumbags may have been had over by the directors of LNe I suppose but for them to state that they have been told Government approval has been given must mean they have seen official documentation. If not then they have to go for a monumental disregard of normal business practice & destruction of shareholder funds. What the hell were they thinking of when they entered into this ? Its unforgivable what they've done here.
As an aside is anyone attending the EGM ? I'm gonna try to get there.
Funds running out is the biggest problem imo. The investment in CS could well end up destroying the company. They said permissions by end of year & producing saleable.gas a few months later. At least that would have generated some income ( if LNe released any to us), however it looks as tho' that's not gonna happen & will prove to be yet another disaster by the 2 turds.
The original business plan was to invest in companies stranded by lack of cash but post exploration pre appraisal. There was never any mention in investing in murky options over an asset. We also now own ns licences with no prospect of finding a partner & no funds to develop them.
Let's not forget Simwell which was the quickest waste of money ever.
Every time I hear SW speak he makes my skin crawl & SO looks so scared it's ridiculous. KS has opened the door it's up to us to kick them through it.
P1D0, the previous drills failed because Rathlin stupidly used water based drilling fluids instead of oil based. This is despite proof that the Zechstein formation is sensitive to water so an unmitigated disaster. One would have thought that our 2 cretins with us having a majority stake would have had something to say about it but they are clearly dumb clueless schmucks which they have proved time & time again. Never have I seen a ceo hold on to their job after so many failures. We've now got to the stage where they will do anything to keep their jobs & not give a jotabout shareholders. They carry around the stench of failure & deceit & things have to change. They & they alone have destroyed this company & its a disgrace. They also appear to take no responsibility for their disastrous actions, even Victory was a hollow victory.
5 good reasons to vote them out ! I can think of more !!!
Simon I'm sorry but if people disagree with you then you accuse them of being trolls or persi & brief accordingly. You're bang out of order & your wish to back the 2 crooks means you're a complete fruit bat.
Like most podcasts it's completely stage managed whereby the interviewer can only ask questions agreed on by the 2 turds.
I notice they said WN drilling in 2024, no more than that. Typical of them to wriggle out of something more specific.
I think ATT is a fantastic tech trust which should generate great returns for holders.