Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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In the land of the blind the one eyed man is king! Have faith
Not wrong at all, I only ever mentioned that the company needs to raise $50m, guess what that’s still the case.
The Group successfully concluded a US$ 27.8 million equity raise in June 2021 which prevented an event of default on its loan facilities. Under these facilities, the Group is required to raise a further US$ 50 million of equity by the end of 2022 or issue 87.6 million warrants entitling the Group's banks to acquire 132 million shares, or 11.5% of the share capital of the Company, for a total consideration of GBP £7.9 million, or 6.0 pence per share.
The Group is exploring the various contractual options available per the current bank terms to take place by the end of 2022. As disclosed, the two options available are the raise of US$ 50 million equity or the issuance of 87.6 million warrants giving potential rights to 132 million shares if exercised, which would result in cash proceeds to the Company of £ 7.9 million. As at 31 December 2021, neither of the two contractual scenarios had been ruled out. The Board however consider the issuance of warrants to have a slightly higher chance of occurrence.
While Amtech is wrong, I don't see how you are right either. Barely budged on this earnings, which was already expected. No buyers willing to punt on this and this is a classic value trap
Stick with me, u will be wich
We r rich
Thought you’ve have had the RNS by now, must be saving it for that dreaded Friday RNS. That or they are waiting for the ink to dry on the $50m cash raise.
This is going to fly tomorrow!!
Cant wait for these results!!!!!!!!!!!!!!!
Fasten your belts! Good luck all!
Apart from that dipstick Amtech who is not invested of course!
Results this week innit ?
Without the raise
If the raise the $50m
Not sure if you noticed, but they are generating positive cashflows and can reduce that debt to just above 3x mcap by the end of the year. All else equal, mcap should double?
Sorry over 4x
Don’t forget about the debt which is over 5x the Mcap, what’s the covenant headroom on that Mcatee ?
The ebitda is currently higher than market cap and rising! Bottom line profit of 20% market cap! The Damon’s gonna break! This is gonna fly friends
It’s about to blow folks!!!
I can assure you that will never happen Mcatee.
Ur grandkids will be studying this one day and how u missed out on getting rich
I’m sure it’ll sit next to the Magna Carta in the history books Mcatee.
Coz its 15% of the market cap and this will double next year!
Why is it historic ?
We are not all grumpy Mcatee, especially when the SP is heading in the right direction. Long may it continue.
Where are you all?????????
Historic moment!!!!!!!!!
About to announce bottom line profits over $12m!!!!!!!
Has everyone bottled it and cashed in their chips too early?
AM i REALLY JUST LEFT WITH THE GRUMPY OLD MEN aMTECH AND 4 cORNERS?
That is a good one :)
It’s a share bulletin board Mcatee not a an Ouija board
Is anybody out there? Send a signal if you are?