Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
2 years ago, I don’t think anyone would have predicted we could own 100% of Hav and Telfer. We were all happy investing thinking we had 25%. I’m looking at this as a positive, even if we do need to suffer a bit of funding. I’d be shocked if shares are issued at 4-6p.. but that’s just my thinking.
Could be the wrong strategy, but I’m bringing my avg down and replacing the shares I had to sell recently. It’s a 50/50 if the town hall will cause a rally or a drop due to funding requirements. Although if the share does go lower I’ll just continue to buy as and when I can.
We’re hitting a point, the share price could easily double in a day with the right news. Or in a worst case, we get diluted into oblivion. Could be the ultimate gamble to buy now, I’m topping up as and when I can. 🤞
Total guesstimation, but what price can we put on our 30% if a buyers comes in for the full whack? The 5th can’t come quick enough, will be good to hear from Shaun directly and hopefully get some good, direct questions put to him.
I hope this won’t lead to further delays in reaching production. Shaun will have to put out a statement this week, to give some idea of his plan. Probably a dream situation for shorters, either to push us lower or close out cheap.