You said: The share price dropped because of the placing, not because of the acquisition. We are now trading 10% below placing price during a week of instability due to Greece. This is no big drama and the buying volume shows how strong XTR is. Those who are trying to spread a bad vibe and make out that the company are doomed have an agenda and it's obvious what that is! Jan is experienced and has already taken PAF to mid tier of £300million at one point! All AIM companies need funds and placings are no bad thing if funds are used to increase the NAV. Some people are holding above 0.4p and are obviously ****ed off but the placing and acquisition will give them ample opportunity to take profits in a few months from now. This is a very strong buy off future growth.
Why a few months from now. The SP will not hit 0.4 this year!
Pan African is pleased to announce that it entered into an agreement ("Agreement") on 28 August 2012 to dispose of 100% of its Manica Gold Project ("Manica") to Auroch Minerals Mozambique (Pty) Ltd, a wholly owned subsidiary of Terranova Minerals NL ("Terranova"), for a total potential purchase consideration ("Purchase Consideration") of AUD 6 million (GBP 4 million / ZAR.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.