Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Bought another 100 k at 1 penny apiece this morning .3 years ago would have cost 55 pennies a piece .dont really see that much change in company.
Find it interesting they have Mike on board from Pacific Road Resources I reckon a takeover or whip into shape judging by his experience. Could of hit some big diamonds now considering the frequency they've popped up in recent months. Maybe news tomorrow with that 1 code earlier who knows. Gla
25% drop on no news how bent is that.copouts view on the company going private is my biggest fear.and probably whot will happen.
Can't see a reason for the sudden drop :S
THe danger with this level of price - which rules out a rights issue - is that we're heading for a de-listing and FDI going into private equity/personal ownership by a few. Small shareholders are left with nowt and the new owners get a perfectly good functioning mine with a bit of debt, which they will renegotiate in the absence of a debt for equity swap and possible default. Happened before with mines. Usual AIM mining sector rip-off. Multi carat good news required soon
Few buys coming through
How about someone in FDI telling us what the hell is going on? They must have some idea or will we be the last to know?
Meanwhile the price drops further! Something not right here. To dump or to hold? That is the question!
For a long time I thought a prospective purchaser was driving the share price down we all know how easy it is to manipulate the Aim market if you have the money as a purchaser would .and I thought management was aiding it.then it made sense now I just don't know.
I don't see pi having this amount of shares unless bought recently whot would be the point in that.so I guess it must be ii .still no buying by management .guess they must be thinking survival mode.
Someone appears to be unloading a lot over a period! Wonder who, PI's or otherwise?
18 Jan 2019 - Rio Tinto's diamond production for the year fell by 15% to 18.4 million carats from 21.6 million carats in 2017, as production at the Argyle mine ...
So thats how much will be getting taken out of the market im not sure what percentage of global production is but FDI are hoping this coupled with some good size fancy stones will get everyone out the S'''t.
Fingers Crossed
Clem
True.but we are where we are.I would not have invested in this company with for sight.
But surely the closing of Argyle was not the reason to bring FDI into being. It was intended to become a profitable concern in its own right without other factors. It didn't work that way and Argyle has only come into the equation recently and making an impact because FDI did not perform as expected! That was the problem! If FDi had succeeded in a big way which was expected then Argyle is irrelevant!
The diamond industry in general needs argyle mine to close to bring the supply demand back to balance.I see that as the problem here.simple..
I wonder why the high initial assessment of the quality of the deposits here appears to be so very wrong. There were many comments about the good quantity and quality of stones expected and now it appears we have to rely on another producer shutting down to become profitable?
Agree not too bad at all. Debt's running high which suggest maybe a debt for equity conversation sometime in the foreseeable future, perhaps when the fundamentals are improving. Meanwhile it's a call option on finding big stones. I'm holding.
RNS as expected not good not bad, Be good to see argyle closed from the supply perspective .
Re-arranging the deck chairs on the Titanic?
I have a basic system here the share price drops i buy more shares in increasing large amounts. I have blind faith the company will come good.so it's not a problem to me.
Ha - congratulations, we almost own half a 1% :-(
I am now the proud owner of 1 share per 1000 in issue. If there is no more shares issued as we are told in RNS this could be the end of the share price falling. Time will tell if this is another poor decision,or a good one, cant help feeling the dog ,has been beaten to much.
The consolidation was in July 2008. None since, just extra shared issued.
Well, at least that's a start!
I know the price of cheap stones is ridiculously low at the moment due to oversupply but if Firestone ca weather the storm and survive it then this could be a good recovery play. £7m Mcap could be grown over the next few years with a half decent plan.