Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hope all goes well with tonight's Q&A - especially any encouraging news about progress with the IPO. GLA
QED - wow that's an impressive amount of detective work. I'm sure that most shareholders would rather VAST just concentrate on ramping up BP production and possibly get Manaila back up and running. I'm not too taken in with the Ghaghoo project either.
I think that the assets we have here are great but once again the progress is so slow and that I guess that is what ruins sentiment for this share. I guess we are awaiting various permits and then hopefully more news if and when these are granted.
Sandy - I feel that you come across as genuine here and enjoy your input. There are however others that just constantly post negativity and can also be quite insulting to anyone who puts over a more positive case. I believe in complaining about performance and let's face it there have been some massive mistakes made here but overall it must be a very difficult job getting an old mine back up and running with all of the unforeseen problems it can bring. Just wish all the best to all the long term holders here. Perhaps it's time to draw a line and wait to see how this pans out. Caroline
realtimerob - thanks for your reply. There are other shares that have performed just as badly where there is not half the criticism that we see here. Surely genuine holders would not be holding still if they really believed this was going nowhere and potentially damaging their chance of getting some money back.
Keep posting Dave - enjoy your contributions to this board.
Yes - looking more positive. Thanks for the update. GLA.
Glad I had small top up yesterday. GLA
Sandy/Firwood - good to see some debate here. The thing that worries me still is the Atlas debt. However, I'm wondering if it came to the crunch, could VAST sell off some other asset to settle the debt and keep BP going?
There seems to me quite a bit of information missing about this IPO:
Is this £6m just an estimate of % of worth or will be get £6m worth of shares whatever. Seems like the former is more likely.
Everyone is assuming that majority shareholding is 51% - it could be less - it is unlikely that any other body will be owning the other 49% in it's entirety. It would seem though that £12m is about right meaning a £6m valuation for 50%. With this in mind will we get a better valuation if the IPO is oversubscribed and raises more?
Yes that does sound like very little. Let's hope they are worth a lot each!