Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Anyone got news on the senior employee detained at the Dar-es-Salaam airport trying to flee the country?
http://www.telegraph.co.uk/business/2017/07/25/acacia-mining-shares-plummet-third-day-hit-190bn-tax-bill/ The next RNS will hopefully help to stop this free fall, -40% in 3 days.
Dotlink, that is an interesting comparison. The worse thing is ACA's hands are tied, in these situations, everyone suffers either by ways of massive share dilution or suspension of operations as other posters have claimed.
Facts: 1) Tanzanian President John Magufuli forced through a new law to require the government to own 16% stake in mining projects earlier this month. 2) Tanzanian government has written to ACA to demand $190 USD billion unpaid taxes & fines. 3) Tanzanian government has met with Barrack Gold, the majority shareholder of ACA for discussions 4) An export ban is in place imposed by the government indefinitely and ACA is burning through it's cash pile A question for current investors, where do you see the SP to bottom out?
The 190 billion fine & taxes outstanding will make the business unviable.
****et*
I see what you mean, it is possible. I think there are a lot of questions around the figures published by ACA, as they have been found to mislead the authorities. Further evidence, mine closures makes them look like they are swiping things under the ****et. The investigators are out for blood, and if they fine ACA to back date all the taxes owed to the state, anyone fancy running the numbers?
not*
I do not see how the PFC and ACA events are not linked together. The investigations into ACA operations has just began, and I see the legal proceedings will further disrupt at least the next 2 quarters of the production, but in the worse case scenerio, ACA suspends for the duration.
The disruption to production target with the added risk of the mining license being suspended until ACA comes to a settlement with the government. This could take the SP down much further, I would sit tight to see how it plays out in the next 6 months.
The fall from the recent peak is so far, moderate, around -20%. A like for like comparison, FXPO has out performed many other miners. If this reversion continues, it's likely to reach the 100 -120 mark over the next 3-6 weeks.
What are other investors' opinion on the takeover bid from Kraft? Is the future valuation of Unilever way above what Kraft is offering or is it fair-value?
In my opinion, to release a profit warning immediately after an IPO I would consider it a disaster. The point of low operating margin is misleading, when the core business is at risk. From the high valuation of 150 down to 35 in less then a few months. Investors should ask the question who was responsible for the valuation!
The valuation of this company is way over priced by the market. Whoever invested and agreed to such a valuation needs a reality check. Just look at the drop in SP after a few weeks after IPO.
I will be paying close attention at their balance sheet in September, with £1 million revenue carried forward from the previous Financial Year (which created a £1 million short fall in 2014), how has this impact on their borrowing to service debt to date? Their payment structure is now based on per transaction, the revenue projections will be dependent on the popularity and uptake of their partner's ecommerce platforms. Does anyone know how much time it takes to bring suppliers to adopt a new ecosystem, staff training, invoice realignment, and etc?
The cash burn rate has accelerated significantly in the past 12 months based on acqusition of global assets, IT infrastructure upgrades, workforce, and other expenses. I'm looking for real improvements in the next update on income minus the carry over from last year's contract of £1million due to delayed contract start dates. Cash is a huge concern as the current income barely covers the ballooning operational costs, and to meet the terms of borrowing on minimum holding on cash reserves as collateral. DYOR.
A comparison has been made to the 888 Holdings deal, but one key factor which lead to the failure was the information leaked during the bidding process. The takeover talk between SBT and LAD is water-tight, which understandably is frustrating (but for benefits of shareholders). A side point: Stellar Diamonds, i would flag up their track record dating back to the days of West Africa Diamonds PLC. I estimated that they'll be short of cash by end of the month, it's possible they'll need to raise capital again. Good luck.
SBT has a competent & forward thinking management team. By my estimate, the GVC deal would conclude within 8 weeks from the initial public announcement (dated 16th Aug), which would fall around next Friday or Monday after. Interesting fact: GVC has appointed Daniel Stewart as their new advisor, whom has secured spectacular fund raising/ institutional credits for many small AIM companies like Nighthawk & Stellar Diamonds for asset expansion. What's your opinion....?
SBT has a joint venture in Russia with "Liga Stavok" betting group, and the LAD takeover position confirms that SBT indeed would be a valuable & strategic asset for a growth betting group. Is it feasible that there might be a late offer? Perhaps even by the Liga Stavok group? Just my personal thoughts, DYOR.