Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It doesnt really worry me too much in AIM. People can't hold a stock for 2 minutes. When people at EUA are going on about getting their mortgages paid off its too tempting to stay put and not make the move. But this is like queues in a shop. You can guarantee as soon as you change queue the one you were in will start moving
Been investing for under 2 years so still learning lessons and my god I learnt one this morning. Put and order on half my holding thinking it would open up around 10% down, and continue to go lower hoping I would have taken a hit but then recouped some at a lower price. Only did half the holding due to risk management. I got screwed, order was filled at 4.3p. Lesson learnt, even though it was a costly one
@HawkesBay that's quite some volatility you predict. I think the vote of confidence yesterday from the lock in will mean we wont see such volatility. Can't see it dropping below 0.7 again. Seeing a resistance now and I doubt they'll be a a big exit like we've seen previously unless there's legitimate negative news
The gains were substantial yesterday and previously after a gain there was a drop. Thankfully we're holding strong today, this is a brilliant sign. Those selling today think they'd get it cheaper tomorrow morning will be in for a shock
@ Majorboy it's not brave holding these shares as they sink. It's being an investor. The amount of times I've been down ~50% then made bags. It's the consortium of PIs in AIM who treat it like a casino and have no understanding of business and value. Assets alone put it above this market cap if they dug it all out selling per ton.
Someone kindly pointed out to me it’s Chinese New Year and that this results in a slowdown in news. This could be an issue NM is facing that she’s trying her best but the Chinese counterparts are enjoying their new year. There’s also that this virus might making it difficult for the Chinese to get flights about (I know Skype but still). The Chinese element is an important one and this could explain a delay
This JDA follows on from the Company's announcement of 19 November 2019 detailing that the Company's flagship Thar Block VI has been included in a proposed new initiative between the governments of Pakistan and China with respect to gasification of coal into fertiliser. The Project is also enshrined within the intra-government initiatives under the China-Pakistan Economic Corridor ("CPEC"). This new initiative runs in parallel to the Company's remaining long-term plan to construct and operate a mine-mouth power plant on Thar Block VI, also included as a "Priority Project" within the CPEC. The Company believes this JDA supersedes and replaces the previous Memorandum of Understanding (dated 19 December 2018 and subsequently amended: www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ORCP/14016881.html) and provides for an all-encompassing development scenario for both aspects of the aforementioned projects.
The JDA foresees the creation of a Special Purpose Vehicle to develop and undertake both projects. It is envisaged that the Project will be funded on a 75% debt and 25% equity basis, with the proposed ownership as follows:
CNCDCL 73%
Private Office 15%
Oracle 12%
...CNCDCL will be primarily responsible for providing the required technical and commercial support in order to meet the project requirements, as well as arranging all the debt required to develop the Project. This includes applications for obtaining/granting of contracts and licenses necessary for the for the development, establishment, construction, completion, commissioning, commercial operation and maintenance of the Project.
Naheed Memon, CEO of Oracle said:
...The outlook for Oracle has never been brighter and I look forward to updating the market on further developments as we move forward in 2020."