Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If you believe that then good luck to you. Another 2% drop today doesn't feel like it's settling back down to me. I'm sure the price will rise again in July when there will be high expectations on good results. The question is, how much will this pull back between now and then?
I'm not claiming to know any facts about what might happen. It's just my opinion. As I said, I don't have any shares here but I would be happy to be wrong so people who are still in can get a good return on their investments.
I am a little concerned that the price hasn't even been able to stay above the placing price, even with such good news and high expectations. Anyone want to speculate on the reason for that?
To clarify Kop, I think they're doing a good job with regards to moving the company forward. I just don't trust them with regards to how they treat shareholders with poor coms and poorly timed placings. I've said this previously but I believe that if the company starts making good money, that could prompt them to take it private. Just my own thoughts here. That's what I mean when I say I don't trust them. If I'm wrong then I will gladly hold my hand up to it! I hope I am wrong.
Oh dear, what a mess. A fantastic RNS last week and volume dropping by the day. Genuinely sorry for anyone losing money here. Not nice. It's what happens when you treat your shareholders with such contempt. Even if there is some kind of announcement regarding an acquisition, it will have minimal effect on the SP as always, I'm sorry to say. The company seems to be making excellent progress, yet they don't seem to want to share that success with the shareholders. Sad really. I wouldn't trust this board further than I could drop-kick them over Twickenham! π
Good luck to all who are still here and believe the board will do right by its shareholders. I really hope you make some money!
I'm cool. I'm like a fridge right now! π§π
Well, at least the spread has narrowed, so I guess that's something. And it's good to see some larger trades. No mention of JM yet as he was supposed to become a director effective from the second placing. WIll that be on the 8th of May?
Looking forward to seeing what they have planned.
Who has the placing shares? Would love to see a TR1.
Agreed. Any negativity here will be from people who missed their entry!
A 100m new shares on the market and a 40% spread. Nobody will touch this with a barge pole now. How are they going to churn all those new shares if nobody is buying? Once again, they've screwed it up as they always do. Will be heading sub 0.20p again imo.
Good luck James. Hope it doesn't drop another 2% tomorrow, and the day after, and the day after that.
100% a sell. Look at the trade before it.
Top 5 FTSE100 riser today!
Nope, company's fault. Defend the indefensible if you want. Remember how the price dropped to 0.30p last year? Well I reckon we'll see another daily drop here, not down to 0.30p but I wouldn't be surprised to see 0.70p again, even 0.60p. Sorry but Tuesday's behaviour has consequences, i.e lower liquidity because people will be wary now of another stunt pulled by your precious BoD! Good luck with your investment. I hope you're prepared for a very long wait. Massive drop in volume today. Not good.
I lost nearly Β£2k on Tuesday thanks to these muppets so no, I won't move on! I've payed for the right to vent my frustrations! Wake up, they're working against us!
Well that's great but sadly, once the price goes over the placing price, there will be a mad sell off and that will be that. I know people are saying the shares have been forward sold, but I don't believe that one.
I was expecting a 1-2% fall each day so was surprised to see it drop nearly 5% today. I guess I'm not the only one naffed off with the BoD. Seriously, are they deliberately trying to surpress the price? It feels like no good news will ever lift the SP to where it should be.
That's right Kop. Then the next trading day, it dropped down to 1.2p before going back to 2p again, so it reached that price twice.
Lol yes, I'm sure. Look at the official London Stock Exchange website for GST. They even state 52 week range is 0.48/2.10p. Google says the same too. I remember it clearly.
Yes it did hit 2p. Twice actually, both on the Friday and again after the weekend.
Wouldn't have minded the placing if they went to a big investor, but no TR1 thus far so I'm guessing not.
During a time where small/microcap/AIM stocks are struggling, GST decided to pull a very dirty trick indeed! Not helping its cause by behaving the way it did today. We're not upset about the placing, we're upset about the timing and the way it was handled. If money was needed so badly, they should've done a raise back in November when we hit 2p. Surely they must've had some inkling that a raise would be needed at some point.
What was the point in releasing such a good RNS yesterday where the price didn't even go above 18%, and then slapping us all in the face with today's news? Doing that does undermine the reason why people trade these risky stocks. What next? Will they announce wanting to delist tomorrow? If so, that's another 50% down. Think that can't happen after a raise? Think again. I've seen it many times after a raise. I just don't trust this lot anymore and so after being here since Feb 2021, I sold my holding today and am out for good. I won't be back either. These shares never rise when there's good news, and only seem to rise on some kind of rumour. At least with QBT, the price rose to 3.6p before there was a raise at 1.5p a few weeks later. HE1 did similar too. That's the correct way to do it. Well done GST, I wouldn't be surprised if liquidity for this share is majorly down over the coming weeks and months, regardless of what potential news there might be. The trust has gone for me now. I'll be removing this stock from my watchlist too.
I know there are many who claim to be investors here. This has been a regular trade for me. I would never invest in any of these kinds of companies. Just look at what's happened lately to COPL and BEN too. I was invested in BEN when it first listed at around 15p and was lucky to have sold when it went near Β£1. That was my only AIM investment and I got out at the right time. I usually only invest in blue chips. That's how you invest. Companies like GST are for trading only in my opinion. Good luck if you are an investor here. I hope it doesn't disappear overnight like many companies do nowadays.
We were priced to de-list and it looks like we're still priced to de-list. With another 75m shares likely being added after the GM next week, I fear we will be stuck under the 0.25p for a very long time. I think having 2 placings was a huge mistake. Should've just had just 1 after the GM. Zak Mir was right, this company gives you good news along with a rug pull, every single time. Oh well, it is what it is. I'll be selling next week after the GM.
Lol they've got 120m new shares on the market today. Why would they want your 10m?
Exactly, these companies depend on a decent rise before they do a placing. That's the whole point of being listed.