Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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If you can't see a pattern forming with these raises and SP that shows clearly where VRS are headed then there is no helping you.
Gamblers only left here now.
Yawnnnn analyzer zzzzzzzzzzzzzz
Some gmes being played as the sells are buys going through, just checked with dummy trades myself and as I suspected.
Now adding at these levels, once such news is digested upside from here, already down from 1-2p. High as 20p, which is nuts.
£11m turnover and has assets £22m. Less than £1m value, worth a punt imo.
Not for the faint hearted, but I smell a decent upside once we this goes blue, it always does. Back towards 1p-5p from 00.33p paid, into the ISA, a decent return than my Bond 4%
Good luck and behave you lot working from home...lol
And what they've raised this time will barely cover Ricketts garden leave wages for 12 months. What's next, doors closing or another raise at 0.1p?
Jonah
Get back to your payroll duties.
Placing is not an issue, the issue is the discount..... that's Terminal discount means Vrs are going to become insolvent if no sale goes through..
Theanalyzer zzzzzzzzzzzzzzzzzz!
IG, They have had 4 placings in less than a year for a combined value that is three times the current market cap.
As things stand they will be back in January or February for more cash.
VRS get full Twitter pump from usual suspects like Andy Blowster oh I didn’t take part in placing and now I am buying. I suspect exact opposite is true I.e he is trying to sell his placing shares.
He also uses preferred ramp of assets sales for millions being multiples of market cap deliberately ignoring Innovate loan of £5 million and other loans of £1.8 million at Interims.
Never mind that AAC is not worth millions and any buyer knows that VRS is a forced seller which help on price negotiations.
Don’t fall for the pump.
Its oriced to fail here. They have enough working cap now for qwell into next year
Management very close to completing multiple asset sales to bring in more cash, likely more than current Mcsp. Its a nailed on multibagger from here
Looks ready to run higher from here
One and only
The number of shares is in placing RNS, its 496 million back in Dec 2022 before last five placings in around 12 months it was about 196 million.
Anyone buying is crackers imo but there are always some who like a punt.
How many Shares in Issue now?
Those twitter accounts pumping this has no shame.....
Placing.... a disgraceful discount
remember 20p
15p
4p
1.8p placing???
now 0.27 placing
well done Vrs...... for diluting lth
It's worth ~15k I wouldn't get too excited about it
Wow! 5m buy trade just went through. 10x NMS
Who bought it? Own up..
Pile of S h I t, and company on its last breath
Thanks Latino,
Was skewed at time, It resolved itself after, moving up fast now, a hell of a lot of buyers this morning.
00.45p going through
Another company fallen from grace in last few years, end can not be far,
Try live quote, it should be around 0.32
Bought some for rebound from here. GL
Now 00.44p to buy??!!
As i write..
Probably the best opportunity to get your average down here.
Famous last words,you would expect this to be a true statement but how many times have people been burnt with an AIM share using this principle.
At 1.80p everyone was saying what a bargain... its 80% plus down since then.
I personally think 0.30p IS worth a punt,but it won't be an instant spike. Maybe a few months and don't be amazed if it goes south more on further bad news.
Remember, this is AIM AND they had to do a raise at 0.275p for a reason.
Things clearly aren't going well!!
Managed to get a few million in the 0.28p area
Seems like good value given they are close to multiple asset sales which could boost the shareprice & Market Cap significantly
Looking for a return to 0.5p
Bit of a no brainer here. recent placings have always provided 50%+ for a short term trade
If they get one or more of their assets disposed, which are valued in excess of the current £1m Mcap. Then it should go very well
Expecting alot of action over coming weeks