Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Welcome to our relatively quiet board! Just seemed to be me and Ted up until now. Nice to see someone with a charting background - to compliment what we bring to the table - as I cant use charts! Are you saying that the charts indicate a 30% rise from todays open price?
This share is turning into a right little winner! 584 close is an incredible result for today. Starting to consider a top slice - as this has been my best performing share this month - might be prudent to lock in some profit now. 49% up after buying in @ 3.92. Is anyone else actually into these? Or have they slipped beneath the radar - this seems like a very quiet board!
...rise over the past few days! Anyone buying in @ 38p must surely be happy they did. I know I wish I had! But anyway, i'm more than made up that this sis back to where it should be, and hopefully we will see some further growth from here. GL
....continues to climb!
Your right about Andrew Monk being on a nominal salary! Isnt it a VERY nominal 1200 squid?? What I like about this situation is that he took share options in place of salary - something I like to see, the harder he works the more he earns himself (and us!). Thanks for the links - but I coudnt open the second two for some reason.
Dont worry, I think your into a solid company with this one - its got everything going for it fundamentally - in terms of cash, winning contracts etc, just a little uncertainty over where oil price might be going. This is a classic value stock (even more so a week ago @ 103p!). Looks like a classic case of buy on the rumour, sell on this news with this one today. No major issues. I cant see this going back to a pound or thereabouts now (famous last words!). PXS turned into a monster didnt it? I was in there temporarily, but noticed something fishy going on with a few people ramping it to high heaven - so decided to bail. Hope you didnt get too badly burnt and you get you money back on it! Good luck.
Last few weeks.. gone up a nice 30%.
....looking like its on a nice steady growth curve. Seems to hold up well after each successive rise. Management changes have obviously spurred investors on a bit. Sale of Panda seems to have strengthened the finance position, and retained rights to sell the software - which offers a continued income stream on a product they know well. Side note.... (and absolutely NO reason to go chucking money at this will nilly), a family member of mine, who lives in the city, and has a close friend who works as a trader, has indicated sentiment that Formjet could be a 40p share! Please dont shoot me down for making this comment, as I have honestly stated that this is chinese whisper, and I have no factually backed valuations to support this view. BUT, on the grounds of a small speculative punt, this comment made me feel a whole lot more excited. Please DYOR as usual!
..."The Kazakh government are increasing spending on a number of unfinished housing schemes in the capital Asana. Better prospects have actually encouraged Steppe to revise upwards its forecast on Kazakh cement demand.." However, just to balance the argument somewhat, the article does comment.." At end 2008 net debt was $89.83m - six months later its down to 72.63m thanks in part to a placing and reduced inventories. Steppe needs it to be lower still before the winter when demand for cement falls by two-thirds in chilly Kazakhstan" My view - i'm staying put! I don't believe everything I read in magazines, but I'm humble enough to assume that they know as much, if not a little more than me. Based on the article, I didnt really learn anything I didnt already know about Steppe, other than the the government revitalising the Asana housing projects - good news. I still think this is an excellent recovery play! Lets hope I'm right.
....'Signs of better times at Steppe - BUY'
Nah, to be honest it was pretty much as expected as you say. We know its not going to be out of woods over night, but I think people have a habit of forgetting the difficulties - and so when this very truthful and candid statement came out it brought it back home to them. Bsides this is exactly why they are priced so cheap in the first place. You called this one spot on with a late 30's call in an ealier post. I suppose it gives you confidence in as much you saw that it might be on the cards at some point before it actually happened - subsequently taking the shock out of it slightly. Still, onwards and upwards now hopefully! Good manouvre jumping on TW after that dip yesterday!
Did you top up @ 38 ?? I'l be honest with you I bottled it! But held on tight to what i've got.
....maybe this is the bounce that sees us propelled into the 70's! Heres for hoping (although I said the same at 61p last week!) GL
Just returned from holidays to see that excellent link. Also noticing that CDN has actually fallen today to 58.5p at time of typing. Not bothered with this retrace actually, and see it more as the natural growth curve that we can see from the last 3 months - this was to be expected and I actually said in earlier posts on CDN that we should expect 58 - 60p as the bottom of the current trading range ( although will admit that I hoped 61p was the new support earlier in the week). I personally see this as an excellent time to buy, for anyone who has been watching CDN with the view of waiting for suitable entry price. I'm a big believer in the longer term commodity supercycle, and I think CDN has long way to go yet. At quoted reserve levels - we are buying undervalued assetts on the cheap. All we need is some firm t/o details and this is gonna fly! As always DYOR.
I think we will be getting an RNS within a couple of weeks, which may (may being the operative word) provide details of the takeover (if indeed there is still a deal a deal on the table). At this stage, I suppose we must assume (from a conservative investment approach) that there isnt one. Because otherwise we would be speculating rather than investing in the business. However, in my view the opportunity of a possible takeover provides a speculative edge, to an already decent investment. Which is why im into this stock. Personally I thin the chances of a takeover are high, as I feel that both India and China are looking to position themselves more strongly for the next leg of the commodities supercycle. GL.
Maybe the downside reisitance was a little higher and stronger than I thought! Could this be the 61p bounce, that propells it up into the 70's? Better not talk so soon, just in case!
...little uptrend starting to form here! Good profits of 142m (less than 2 x market CAP @254!!). I can see this one going further! (I Hope!)
I hope you win the challenge! Saying that neither of us will lose if either of us is right! Your right about PXS. I got sucked into that one. Came away with a healthy profit too! But i'm sitting back watching from the sidelines now - there will be plenty of time to catch the upside if it comes. Granted getting in at the bottom is the best, but with medical type companies (not currently turning a profit either) things can get delayed. IF it all goes through smoothly, fruitflow will be massive - i've no doubt - so now its in my radar I'l just sit and wait before I strike.
I dont normally make price predictions, but I have got a price target in maid for after the next bounce comes along. (This is not my sell target mind you!) For a bit of fun I'm gonna tell you want I think it will be, and we'll see how close I get! I reckon, subject to support being strong @ current levels, this will bounce to 78p. WARNING! - this is just for fun between me and Myosotis - please dont invest on the basis of this prediction if your new to this share and not done any research. If i'm wrong (and it has been known!) i'l feel terrible if people blame me for their losses.
At the moment, things are still unsettled - we are lingering on the tailend of a major global set back. Will it be like this forever? Will it hell. The way I look at it, Stephen Dattels (who set CDN up originally and continues to hold a significant stake via PRL, and a seat on the board) knows his mining just about as good as anyone out there. He's no mug! Check out his CV on POLO website - you will see what I mean - if you havnt already. The guy is shrewd. CDN is worth its SP all day long with the resources its sat on. Ups and downs are just part of the growth story we are all part of here. My stop losses have been put on @ 55p for half my holding and 49p for the other half to avoid major catastrophe. But TBH I wouldnt still be here if I thought I would get sold out on my stops! If this share doesnt bounce off 60 - 58p support I'l eat my proverbial hat! Good Luck guys!