Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yes indeed GB! I'd be very surprised if the resolutions are passed. Would be like turkeys voting for Xmas if it did. I would guess the majority of shareholders are people like us who got caught out on the last day of trading. If it is passed, I would believe the vote is seriously rigged. Still don't see any evidence there's any money left for shareholders, so why would we vote for it? I hope people didn't fall for the dubious HL email stating there's cash leftover. We should've been informed of that via RNS if there were.
I'm hoping someone will come along and say they want the listing like what happened with ITS. There's no reason at all for us to be suspended as we're a cash shell. Come on BoD, do the right thing!
GLA!
Maybe because of the debt? And I guess they think they can get the assets cheaper if in administration?
So why don't they? We're at £1m mcap. If the assets are so good, why aren't we inundated with offers?
Okay guys, let's see what people think about the price for next week. Higher or lower than 0.10p? Sorry, no Brucey bonuses here, just curious what people think. 📈 or 📉
I find it very odd that this hasn't been RNSed. I think it's a way of getting shareholders to vote for the resolutions. I've voted against as I believe we should be back to trading as a cash shell. Don't fall for it!
Where's threeput? He asked a few days ago why anyone would buy because of upcoming fund raise. Price up 80% since then! Good call buddy! Nice one!
What a great time to drop that RNS! Nice work CEO! Just before the holidays! I wonder if they were laughing to themselves while writing it! But at least the placing holders managed to sell their shares over the last 6 weeks for a profit, so I'll sleep better tonight knowing that! lol 😄
At 1.5m mcap yesterday and having just raised £450k, would've thought this was a fairly safe bet for the short term, but I guess not. 2023 has been a real eye-opener for me. No wonder the London Stock Exchange is losing out to other exchanges. If the MMs are trying to show us not to buy these micro cap stocks, then they're doing a great job. Once again, only the shorters raking it in whilst everyone else suffers.
The irony is there are lots of us p***ed off people who are holding shares because they suspended trading before we had a chance to sell them. This could easily have gone up to 0.5p or even 1p maybe. Now we're holding shares we don't want, but that also means we have the power to vote against whatever they ask us to vote for. Could be interesting 😉
All the trades above 0.19p are buys. Someone clearly happy to risk some money. I'm still wondering why the large TR1 holder sold his entire 16m shares for 0.11p? He could 've started selling in smaller blocks when the suspension was lifted for over 0.30p.
Morning GB. Yep, I'll be voting against too. Not sure what difference it will make be worth a try 👍
Surprised how quiet it is considering we're 50% up. Looking like fantastic volume already. Once the spread improves, should see a decent rise. We were 0.40p just a few weeks ago.
GLA
Results coming on Monday. And a presentation for investors too lol What???? The company is in the process of a wind-down. Why would they do a presentation for investors? Is that usual for this Amigo?
* I can't fathom it!
I just remembered another stock. PCF Bank dropped but had a spread of 0.20p/0.40p. It peaked at about 1.3p that day, which was a huge surprise. I wasn't involved with that one.
All of those stocks from 2022 happened between August and December, except MCL which was January this year.
Maybe that £5k buyer can enlighten us. Clearly they know something.
...how these riskier shares never seem to bounce anymore? I was looking at some of my trades from last year, and I was surprised by how certain stocks made me a decent profit compared to this year.
in 2022:
EVE dropped to 0.30p before rebounding back to 1p the same day.
MEAL sank to 1.7p before going back over 5p in the same session.
CINE dropped to 1.8p before heading back to 10p two months later during chapter 11.
MCL plummeted to 0.30p before heading back to 2.10p in 36hrs!
A few years ago, ICON dropped to 0.002p before 4 bagging back to 0.01p within a few weeks.
This year, these kinds of stocks have been total duds with no money being made at all:
FCRM sank with no bounce. A few others, whose name I forget, also delisted so sank beforehand and then didn't bounce either.
SFE dropped to 0.30p and then got suspended, even though it's now a cash shell, it looks like it won't come back.
Will AMGO have a final bounce before it goes? Not looking great right now, especially with the huge spread. I guess we'll see soon. I'm just staggered how many trading opportunities there were last year compared to this year with these kinds of stocks. I can fathom it 😟
Good find! 👍
95m shares traded this week. 49m last week. 100m the week before. I calculate roughly 6-700m shares have been traded since the placing. And as we only have under 500m in issue, surely they've been sold by now? We've been above the placing price most of the time. Good to see some movement on Friday. Spread being bit of a pain but once that improves, hopefully a decent rise, perhaps back to 1p and above?
That 16862116 sell for 0.11p on Friday was the exact amount held by Robert Hall TR1 holder. Sold his entire holding in one trade. Could've been a stop loss taken out by the MMs or perhaps he had enough? I guess we'll find out next week. Wonder if it will take another 4 months to see an updated TR1 like last time?
50% one day drop hardly 'creeping'. Wonder why the MMs took out those stop losses in one go?
36% up from just a few larger buys. Something going on...
I get your frustration Wayne. This is main market so we expect better communication. GST is a volatile share so they should be doing all they can to create an orderly market, and one of those things could be at least giving us a trading update and notice of results. Many companies do that but this doesn't. It's off-putting for investors and probably explains the reason for the lower trading volumes over the last 2 weeks. The market doesn't like suprises so come on GST, be better!
I bought some during this morning's dip. Hopefully that's the low. Placing just 3 weeks ago so not sure if overhang has cleared yet but each day that goes by we're that much closer. Some big buys coming through today so that's encouraging. What's less encouraging is some sells below placing price. A good update back in September, but 3 months is a long time in AIM, as VDTK holders found out this week. They had a £500k placing in September and already burned through it! Hope we get news of a sale soon.
GLA DYOR