Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When someone can only resort to abuse they know they have lost the argument. All rather sad.
SP going back up again now.
Anyone who bought this morning already down. Surprised all these experienced traders bought in first 30 minutes.
Apart from LB28 seems all agree will be over 1bn shares in issue soon and there we will stop for a breather. We will then see if new team are able to move things forward.
Amongst the how many shares to issue battle there has been little on how ell last night was received.
Likes of Babler are day traders - bought at 0.39 and will sell at 0,42, nice return when done daily.
So have day traders and others like LB seemingly working for the fund.
SP has recovered and will be held above 04 by MMs until fund has clearly. Volatility has decreased though as number of shares increase.
As others have said the aggressive and abusive tone of some on here says it all about their real mindset. If they think this dilution is good surely they would be begging for more.
Very clever top up but many did same at 0.l5, 0.6 and 0.7 and higher and thought clever. So most here are well out of boycott so why taunt them you have bought in at what is likely to be the low.
LB28 - I suggest you reread that post again - maximum shares issued this tranche - 1.2bn or 0.624bn. Clearly the higher figure which is why won't be done until next month.
Bouncing up again. we will be between 0.35 and 0.45 until early April when this tranche ends with 1.2bn shares in issue.
All buys so far it seems but MMs have dropped price aggressively - 0.38/0.4. Will be back above 0.4 soon else fund can't sell.
Not sure it is pie in the sky as only equates to £6m revenue a year and less if market sees company is going in right direction. All depends on whether new team can bring business with them. If can then will be more than £20m cap by end of the year.
One has to wonder if these so called rampers aren't actually working for the fund so that they can get rid of their shares at a reasonable price.
I think there are at least two more rounds to go and another 400,000.000 shares to be issued so finished early April.
Once complete may be asmall SP bounce so expect SP of about 0.45 by mid-April.
After that down to new BOD and can they deliver. If they can then could be 2p by end of the year, still a good return from here.
Lb28 I would keep a low profile for a bit. You have got conversion price wrong, number of shares to be converted wrong and when conversion will end - all predictions can be seen in your posting history. You now say only another £85k to convert so we shall see. At least there seems a deal to hold SP above 0,4 whilst fund converts. After that will DD deliver.
So seems nobody on here knows what the penalties are for. Don't seem to be mentioned in the prospectus.
LB28 only a few days ago you said teh conversion price would be increased this week and thus share would be back to 0.6+. However, latest seems to be at 0.25. You also say penalties are due to difference in VWAP. If that was the case why are penalties always 150% of conversions.
Have to say your predictions haven't been great and resorting to abuse suggests in reality you are not happy with current position, especially given you could have bought at 0.4 and not 1.3p.
On positive side SP clearly being manipulated by MMs to clear the fund in an orderly manner so doubt we will drop much more. Then all down to new BOD.
So what are the penalty payments for and are they in addition to original amount. If so 1.5bn looks a bit low.
So LB28 how many more shares are to be issued. Also what are these supposed penalty payments that are always 150% of the base number.
Seems relentless and a lot of shares this time. Anyhow seems all wrong about conversion price up to 0.39 as this one done at 0.25.
so seems converted at 0.25 or is that due to penalty payments?
Frustrating day but i suppose has to be done. Looks like more offloading but surely at this price must have converted at 0.25.
Ticking up slightly today and would be good to get into the 50s.