Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Is the most important thing here. I bought FTC when it was 5p and suffered months of punters coming in and out, complaining about the sp not reflecting this or that.... it hit 30p last month, and I imagine all those who sold out after a few days because they were bored were kicking themselves. Same story with BMN, bought in the days when it was single figures and lots of week-traders drifting in and out complaining things weren’t moving at the speed they wanted. I run a business myself, and trust me, lining your chickens up ain’t always easy. And this is a complex exercise.
I personally think that we will see a significant upgrade in the Toral Resource , from" Inferred" to" Indicated" Resource Status and it is this , which has caused the delay in the production of the SS by AMS. This will make the Asset of considerably more interest to 3rd Parties, moving forward.
Also, I think that Management are refining their Capex & Opex estimates, in order that 3rd Parties have direct comparisons with competing assets elsewhere, in order to make their judgements, as to whether to invest in Toral, or not. If you are going to do a job, you may as well do it properly & just the once.
Whether the above SS is accompanied by a JV, Offtake Agreement or a Funding Offer from someone, remains to be seen, but simply having an NPV and an estimated IRR should provide a significant fillip to the current SP, IF the MM's allow that to happen, of course !
IMHO. DYOR. GLA.
I suspect if they closed the 13.5% spread it would encourage some buying... this share has been up and down for a few months so until it tightens, it’ll surely discourage buyers.
Yep this morning max you could buy was 100,000 at 0.115
I can now sell 15,000,000 and buy 7,500,000
So you can sell double what you can buy which is a big improvement - stil a long way to go
I could only get a quote for £100 worth this morning...
What are the buy limits?
Yep seems like that - I can still sell waaaaay more than I can buy
They look like they're filling orders on NEX at 115 - should move soon and quickly I think - chart looks good pointing to 0.16-0.17
Nice - should be some delayed buys I would imagine because its been impossible trying to buy today!
Can only buy a maximum of 100,000 shares at 0.115 but can sell up to 12.5m shares at 0.1113
I can sell 125 x more than I can buy! MM's are hungry...... SS must be this week?
This has to be one of the best Mid Tier Lead/Zinc/Silver deposits in the world at the moment.
We need to keep in mind how valuable having existing infrastructure and smelters around the corner massively de-risks and improves the economics. Its simple Met wise - it has the size and grade and location. Anyone who thinks this won't be bought out or JV'd in the next 12 months needs to give me the next best alternative. We will all be rewarded - the next BMN type rise imo!
I agree, it's all about the scoping study results and then the mine itself.
Personally believe this is a prime asset for sale
Nrimmer,
I have a substantial amount here and I shall derisk a small percentage as I have another investment I wish to make but it is time critical so if no news soon, then I will be holding onto the lot for the end game.
Circa 10% across the board, 10% of how many $Millions, stacks upto a shed load of wonga, ($40-$60M) maybe even more.
Good luck which ever way you play it.
How I missed that info is beyond even me TBH
Although the board as a whole do appear to own around 10% in total
Cheers Nige
Even after options LR has less than 3% which I find a little disappointing, doesn't make you want to become a long term holder just hold on in until a deal is done I guess.
Company has loads of potential but with that many shares in public hands the price is always going to be volatile
I'm trying to work out what amount of "skin in the game" the directors have with their share ownership but when I go onto
http://www.europametals.com/site/aim-rule-261/aim-rule-26
all I seem to be able to find are investment house (HL,etc) and various Nominees
Does anyone have any details about what LR and the board own
have persuaded me to dip my toes a little further into this share. I hope it is not the kiss of death. Sooner or later Laurence is going to conclude a decent deal . Unless everyone here is deluding themselves (not impossible on AIM) .
15 days.....not average price.....75 % weighted.....apologies :-)
Minimum Issue Price
The issue price of Equity Securities issued under Listing Rule 7.1A must be not less
than 75 of the volume weighted average price VWAP of Equity Securities in the
same class calculated over the 15 Trading Days on which trades in that class were
recorded immediately before
Formula for calculating 10 Placement Facility
Listing Rule 7.1A.2 provides that eligible entities which have obtained shareholder
approval at an annual general meeting may issue or agree to issue during the 12
month period after the annual general meeting a number of Equity Securities
calculated in accordance with the following formula
A x D E
A is number of shares on issue 12 months before the date of issue or agreement
a plus the number of fully paid shares issued in the 12 months under an
exception in Listing Rule 7.2;
b plus the number of partly paid shares that became fully paid in the 12
months;
c plus the number of fully paid shares issued in the 12 months with
approval of holders of shares under Listing Rule 7.1 and 7.4. This does
not include an issue of fully paid shares under the entitys 15
placement capacity without shareholder approval;
d less the number of fully paid shares cancelled in the 12 months.
Note that A has the same meaning in Listing Rule 7.1 when calculating an
entitys 15 placement capacity.
D is 10
E is the number of Equity Securities issued or agreed to be issued under Listing
Rule 7.1A.2 in the 12 months before the date of issue or agreement to issue
that are not issued with the approval of shareholders under Listing Rule 7.1 or
7.4.
d Listing Rule 7.1 and Listing Rule 7.4
The ability of an entity to issue Equity Securities under Listing Rule 7.1A is in addition to
the entitys 15 placement capacity under Listing Rule 7.1.
At the date of this Notice the Company has on issue 5574576317 Shares and
therefore has a capacity to issue
i subject to Shareholder approval being sought under Resolution 5 836186447
Equity Securities under Listing Rule 7.1; and
ii subject to Shareholder approval being sought under Resolution 6 557457631
Equity Securities under Listing Rule 7.1A.
The actual number of Equity Securities that the Company will have capacity to issue
under Listing Rule 7.1A will be calculated at the date of issue of the Equity Securities in
accordance with the formula prescribed in Listing Rule 7.1A.2.
e Minimum Issue Price
The issue price of Equity Securities issued under Listing Rule 7.1A must be not less
than 75 of the volume weighted average price VWAP of Equity Securities in the
NT to buy anything one 1M
This hit over 0.16p on ANTICIPATION of the SS, now we are under 0.11p when we all expecting it literally around the corner.... thats a Goldman Sachs type safe investment you would have thought!
For next week! Feels like next week is what we have all been waiting for!!!