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.
JH something wrong with ur maths skills..
JJ7.
I'll be looking to buy some more through HL tomorrow, feeling a little bit disheartened to be honest, might as well go all in!
Would I have to pay for the discounted share straight away, still over a week still payday!
Only I seem to remember last time they didn't take the money straight away.
Thanks in advance
CEO appointed 11 months ago when the share price was 27p.
He has known all along of the need to raise fresh capital and only now issues shares at 1p a 73%discount to the current price. In CVJ we trust. Yeah right. Next capital raise at 0.1p in 18 months time?
There will be 1.2Billion shares in issue against 200 Million. A 5X increase, what a killer.
Maybe in for a 1p but what is your average holding price after the dilution.
What we do have is a really positive period from the company and the certainty the company has operating funds to now expand with the background interest and building commercial side and already above expectations for revenue in 2024. I hope they timed it for another rns deal tomorrow. I'm in for a penny that is the only benefit here.
Yeah you will receive notifications in your relevant share platform. And you will state how many you would want
Confused. What happens next. If existing shareholders want to take part, what do they need to do? Will they be contacted through their platform? How quickly do they need to act? Sorry, couldn’t make head nor tail of the RNS.
Clearly the only initial boon is being able to nearly double holding at the criminal price von Jako will be buying at.
Jacobjohn7 the HMRC EIS is not direct funding from the government,
It just allows VC capital to invest ( Tax Relief) in POLX @1p
I’m unsure, but I hope you’re right JJ. It Just seems strange to me for the government to gift free money to private companies imo
Thanks JJ
Slick is the holders fron rns time it says it ... or everyone would do that
What's thoughts slick?
Re the hmrc funding ... my take is that earmarked and secure and obviously on top of the placing funds
I need to find out exactly what the record date is, if I can buy cheap shares on the open market tomorrow and increase the number of open offer shares I can get, that might be worth doing
Around a Billion shares are set to be issued.
Pretty sure it was never meant as a gift from the UK tax payers
Anyone taking part in the open offer will do well from that. I'll be getting as many as I can. That's the only prudent thing to do in this scenario... if you can't beat them join them.
Then...
We have the recent commercial news.
Plenty to come.
- going concern and funds to grow and take to next level.
- we may get something tomorrow to balance it.
-2024 revenue already well above forecasts.
The 1p placing open offer shares will be nice to acquire. Acquire I will.
That’s a tax relief for investors that take part in the fundraising I think
They obviously didnt qualify has they are having to raise the extra in the Fund raise.
Would appear the company and Vonjako have mislead investors in the strategic review.
Was this all about
- The Company has obtained advanced assurance from His Majesty's Revenue & Customs (HMRC) to confirm £2.5m ($3.1m) of Enterprise Investment Scheme availability
Enterprise value £2M @ 1p
Will open @1.5p
What you think for tomorrow spunken? We have the dilution but the positives and only current shareholders able to take part in offer
Of 1p will at least help with the dilution... but maybe the sp gets low in the morning... and will obviously be plenty trading it back up. But the 1p is the only saving grace for current holders. And the positives of recent times. Nothing changed for the detriment company and prospects wise.
You don’t seem to understand the difference between spouting garbage and posting factual info.. no one cares what u had to say about the raise, it was all speculation and the risk ppl were willing to take.. the dilution is horrible, and this means that we must overachieve this year with the sales, but that now looks doable after all the recent developments.. like I said already, this isn’t great because of the dilution, but after the initial drop, this can now go up without the concern for financing…