Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Miss the boat Costello;-) , going up not sure what sell off you have seen?
Down again tomorrow. You don't expect it to rise? The profit makers have fled.
Been in this twice - no big deal either. Down tomorrow definitely.
LSE close is always wrong. She will pop back in the morning.
either the daily p on us PI's or is it a tree shake to try and scare people into selling ... the MM's need shares
Do that??? Closing price 12.25, last buy 14.5..once again kicked from leader board. Plot thickens !!
Pretty silly thing to say costello. 20p looks to be way to low given the recent gain.
Costello, Judging by your posting history you could make Private Fraser appear like a beacon of positivity.
So this one's going to 20p said some clown ramper.
@14p....do we have a large player buying in the background..may expect some delayed big trades..
Will take them off you @13.25 all day long...next Leg up due
its like an advent calendar. 10th Dec 10p 11th Dec 11p 12th Dec 12p 13th Dec 13p 14th Dec... can't wait until the 23rd!
next stop 14p any takers...
@14p now....all sells eaten up...10, 11, 12, 13, 14, ......20!
well they rasied the price and found a seller willing to part with their stock lets see how long that lasts before the next jump up to 14p. The seller will wish they held in a few days still more in this re rate.
Eyes down ..get in quick
Are been hovered up:-)
You can buy 10-20k again now (could only buy 100shares 30 minutes ago) thanks to the couple of people who have sold ... NB sp is still going up despite there being more sales than buys according to LSE this morning .... sells are just putting liquidity into the market that gets bought up. I don't think I have ever been in a share before that could re-rate if only there were enough shares available for people to buy!!
20p incoming, re rating nice ;-)
I topped up yet another 10k , this time showing on NEX: 14/12/2017 09:21 10,000 13 13/12/2017 16:16 903 12.22 13/12/2017 10:06 18,639 11.938 I'll take 1p a day for the rest of December Lennie
Daisan, I think you have followed OVG for as long as I have -the big difference for me from the last 4 years is that management are talking to us, they recognise the gap between assets & market cap and they are talking about what the are going to do about it. I have copied Foggy's post on the press after the recent AGM below where they talk about the O&G assets but also mention dividends. Clearly nothing is likely to happen until the court case is resolved but the slow steady growth in sp IMO is driven by the build up to that in Feb/March. In the interim if the market spots this share then it will go through the roof as there are minimal free shares ... just look how easily the 100k was sold at 12.5p this morning. Hence I'm continuing to quietly build my holding 29th November Press: OVG is considering opportunities in the oil and gas sector as it seeks to close the gap between its market capitalisation and its net current assets. The company is valued by the market at just over £7m, despite the fact it has cash in the bank around $6.5m (£5.5m) and a stake in gold and silver mining business Polymetal currently valued at around £15m. Around half of the shares are owned by Russian board members, and the company's exploration assets are located in Russia. The company is currently embroiled in legal action after a loan it gave to another business went into default. Chief executive Kirill Golovanov told shareholders at the company's AGM in Dublin last week that Ovoca management believes there is the potential to acquire oil and gas assets on foot of this process. "That would fundamentally change the business of the company and for sure we would need to seek shareholders' approval to do that ... there is a big fight regarding these assets among the creditors. "Before we resolve this issue we cannot consider any dividends because if we are to acquire that property ... we would need funds to develop those assets," Golovanov said. "I do understand there is a substantial gap between our market cap, and the value of our cash in the bank and securities that we have. We can argue why that is going on but there are probably some issues because of the Russia issue - that the company has all its assets in Russia - which is not true technically because the cash is in foreign banks and Polymetal is an international public company. Its shares are traded on the London Stock Exchange." Golovanov said he believed the best way to close the gap between market cap and assets was to acquire new projects."My view on our company is that we have enough of our own funds, and we are in a better position than other companies. So for us it is more a question of finding the right project which would create value for the shareholders and change this gap." "I can fully appreciate the fact that it's been a while [looking for a new project] but when we find the right project we'll have enough money to actually do
Should free this up a little ;-), its all Russian to me care to translate
well those 100k were taken at 12.5p no problem.... onwards and upwards
Has this now gone ahead... there is no update on the official Russian bankruptcy website however it normally takes a few days to update. (you need to translate manually, however the link is the Taymura case) http://bankrot.fedresurs.ru/OrganizationCard.aspx?ID=70888F351719846854C4D775F395C945 someone keen to buy... must be based on something.
@13 paid, I tank this may rocket today;-)gla