Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Of build up imo - results are likely to be very bullish - near break even I would have expected which would mean the company will have been profitable in the last 6 months of 2016 - it will be interesting to see the % growth in revenues as well & I read they had recently hired a few peeps too! Seller is out now imo and Volume was quite simply amazing today, I look forward to more of the same next week.
The Company and the New EBT have therefore entered into a warrant instrument pursuant to which the Company will grant warrants ("Warrants") to the New EBT to subscribe for 100,000,000 Ordinary Shares at an exercise price of 7.4 pence per share, equivalent to an approximate 137 per cent. premium to the Ordinary Shares' current mid-price. The Warrants may be exercised at any time in the period expiring on 21 November 2019. The use of the Warrants in this arrangement will effectively provide the New EBT with access to Ordinary Shares without creating an increased financial burden on the Company, as would be the case if LCG had to lend funds to the New EBT to acquire Ordinary Shares in the market.
you need to read the rns about the JSOPs and 7.4 p warrants. The Board, having taken legal and financial advice, has therefore decided to revise the terms of the JSOP awards in respect of the Existing JSOP Shares so that employees holding such awards will now benefit from the growth in value of an Ordinary Share above, in the case of the January Existing JSOP Shares, 4.7 pence per share or, in the case of the June Existing JSOP Shares, 5.3 pence per share. This compares to 46 pence per share as was previously the case for all of the Existing JSOP Shares. This revised share price represents, in the case of the January Existing JSOP Shares, an approximate 50 per cent. premium to the current share price, or, in the case of the June Existing JSOP Shares, an approximate 70 per cent. premium to the current share price. The Company also announces that the New JSOP Shares have now been offered to employees as JSOP awards. Those employees awarded New JSOP Shares will benefit from the growth in value of an Ordinary Share above 7.4 pence per share. This revised share price represents an approximate 137 per cent. premium to the current share price. The New JSOP Shares will only vest in full after 21 November 2019.
used to be that high and we haven't had a big multi-bagger in financial services for some time, this could be the next big bagger if the results are good
Thanks for thoughts. Could be a good one but in my experience even good results usually drop the sp - examples of this almost daily on Aim (e.g. today HYR). SmudgeDan effect main driver imo; Free Float very attractive but I ain't got much cash so I'll leave it. GL all
Results due, smudgedan podcast, its a friday, i bought. Many reasons lol
Results time, exaclty same as last year.
Can see the miniscule FF of 9% and therefore when she moves, she'll move (like today), but why now?
.. Looks chunky but not a nice whole number sell, the last of the seller?
That was a good day! Bought s bucket load this AM. Bagger coming. Seller gone, limits all gone. Would not want to be out of this over the weekend!!
Could 10x bag quite easily
if your looking to get in, in my opinion, you be paying 4.5p if your not careful, DYOR
Mentioning news before end of he month, where can I find details on this? None of the RNS mention this?
used to be 75p!
nice 6 grand buy
5p is the start point
could even overshoot past 9p
Looking in considering we're on the LSE risers board now... .. Its worth knowing that there is only 9% of shares in free float and results expected by the of of May. Buy while no one else is looking.
This is the beginning of the rerate
Breakout! I've been loading up all day hehe
genuine 9p target ONO
Booooommmmm
looks like a buy from this morning
Looks like i was right... Can;t be much left or a TR1 to be issued?
Seller still around by the looks of it. Must be close to finishing