Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Sorry man not deramping have 2 over there myself
Just impressed with you guys faith in them
A bit late in the day to start deramping.
Just had a peek at scir over in Jenkins bone yard..
You lot have steel rimmed faith
We wait until ara/aex start producing, then we collect up to 1.2p per share, depending on the amount of gas produced/sold.
I think the 1st payment of about $2M from memory (about 0.3p) then increments depending on production totals.
All going well about 8 or $10M.
The 1st could be as early as the end of this year
What happens now?
Have lost money on so called good companies also, have you not lost any money on investing ? if not give me some tips please or even better a few shares to invest in for 2024.
As Per RNS 30/4/24
https://www.lse.co.uk/rns/SCIR/notification-of-major-holdings-n1w3033xtgx1ys6.html
Stop investing in junior explorers, You are basing your investment on risk. Most times on AIM it doesnt pay off.
Instead invest in solid producing companies, then you will atleast see your investment back plus some return.
The amount of scam companies on AIM is absurd, but retail investors throw their hard earned into and listen to the rampers here.
The best way forward.
Sold out many months ago.
Lost a lot here.
I think your caption is being very kind to the board.
Should have included many other words which I am not allowed to mention on here.
Good luck in your future investments.
Definitely the worst one I ever made.
Shame the financial regulator never looked into the dealings that have taken place oner the years.
Been invested here for 12 years sold up today. at a big loss hope i have learned a good lesson in my investing strategy onwards and upwards. Good luck to those that have took the gamble, but i am not hanging around till 2027 and then lost the lost better taking few grand and build again.
Just sold what shares I had left in this dung heap,
with a £24k loss, absolute joke of a company,
worst company I have ever invested in & fingers
crossed ever will again. Directors should be ashamed of themselves, total fannies.
My broker is suggesting the shares I have are likely not going to be able to be sold!
If I retain them then my account will show £0 and I will just live in hope that the monies coming in from the sale of assets is proportioned to me. But how will we know when and if that is happening? And how will I be contacted?
Sorry to hear they went bang..... thanks to those locusts that stripped you bare. once again the PI gets beaten. so glad they didn't get their mitts on Block or same would have happened to us. hope you guys manage to recoup your losses
Thank you.
Every broker seems to have different rules. Mine (iweb) will move them out of my ISA (as an ISA cannot include unlisted shares) in to my trading account, and show as Nil value. Others seem to simply delete them. You should call your broker and ask.
Morning, don't know much about the situation but any advice would be appreciated. Am I better off selling today and moving on or not selling, but what happens to the shares in Interactive Investor account? Thanks
Or in my case, "Horrendous Loss!"
Hargreaves Lansdown
What is HL?
As HSBC do not want to hold shares in a delisted company tell them to transfer your holding to HL free of charge.
I called them again this his morning, and said what vike1 advised.
They will now post me a certificate of the shares.
Thanks Vike1
I had the same response from HSBC, so I've bought the equivalent in HL and will let HSBC sell my shares today.
On this share is a joke!
Normally you see the spread, as indicated above (0.10 or 40%), however, generally this isn't the true spread, as you would normally be able to sell @ around 0.28 and buy @ around 0.3 (just random examples).
I've just tried a dummy buy and sell, the prices 0.252 and 0.34, what a liberty!
Have decided to leave a limit buy @0.28 as I believe there could be 4 bags in time and almost guarantee 0.3 as soon as the end of this year, we receive $3m on the FID, which seems to be fairly certain, although could be delayed further.
Good luck to all, whatever their final decision here
It depends which Company you have your ISA with, HL will transfer the shares from the ISA account to a holding account then will accept money into this account if and when it is paid out by Scirocco.
Looks like HSBC will force you to sell from your ISA
Hold two tranches: in my ISA and and in my wife's SIPP.
If I leave them, what is going to happen ?