Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You mean to say that your posts will get more interesting and contain more useful and relevant info?? Please do give us a prior warning before you unleash it upon us... i want to make sure im comfortably seated. ATB
Spikey your presence on this bb has changed my life!!
Spikey thanks for your post, it was very informative. i had nooo idea about the SFO investigation into Quindell and the right downs following RT deals there and the fact that he sold shares whilst sitting on price sensitive info. I have been invested here for around 6 months now... how is it that i have missed this extremely relevant piece of information which appears to have been all over the news since QPP results announcement last month?!! You are a True hero!
it is not his company though, he is merely a non-executive chairman , an employee if you wish. I greatly disagree with your comment... we will see.
Not much hope then? I also have a smallish holding of about £1k.. luckily i pulled out £3k just yesterday!! Need some luck in this game. ATB
Guess, Are you still invested here?
This is not QPP. $11k = £7k per year... not worth getting out of bed even for me. Directors are there to run a company fairly and professionally, not to hand out freebies. I'm glad you can see that the rate is not outrageous. If Matt Cooper had lent the money interest free, where is the companies interest to return the loan back to him? He is a non-executive chairman therefore will not have any control of company strategy. The interest rate is fair and in the best interest of the lender.
Guess, The decision to lie (or not be transparent) with shareholders would most likely end with lack of support from investors. I doubt very much any company would risk losing trust. You state that i dont have a clue? Well your response suggests the same. 1) You are calling the bod liars - as explained above that is very unlikely. 2) Nice easy profit - not much of a profit though really in the grand scheme of things. 3) Same as 1. If they wanted cash they could get it from placing. RT stated "IMTK do not currently want to raise additional cash, despite our willingness to provide it". If you get past the idea that the director has made the decision to lend for personal profit, then you might agree more with my interpretation of events.
Guess, there are so many contradicting bits pieces of information here. I am just reflecting my opinion. Whats yours on the following points: 1) Where has the money gone? 2) Why have IMTK not accepted placing yet they accept a loan? ) IMTK have confirmed the following: "Imaginatik clearly plans for its most recent fundraise to be the last needed to support it through to achieving cash-generative, profitable growth. " Are they lying?
IMTK was probably caught off guard with a client "pending receipt of funds due from certain clients ". A loan of this kind is the quickest way to introduce capital... i expect bank loans would take much longer and would require careful justification. If IMTK was not looking out for its shareholders, they would have accepted a placing (as suggested by RT). I still think they are looking after shareholders best interest. We have enough capital to turn profitable and the board would have opted for a placing (at premium) if the loan today was required for anything other than working capital. Where has the money gone? Could have gone into fulfilling a big order.. PS keep this low another week while i sort out some funds to top up ;)
wisecrow. i am not looking for an entry, i am already in.
rylidan... i see what you mean. Hope you're right.
doesn't look like a roll over to me, i'd expect a bit of spread between the two trades... surely they cant have bought at 1.61p??
Roll over? what is that and does it have good consequences for us holders? I have put a buy limit on at 1.71p for £1500. If it goes through i will be happy. GLA
I agree could come any time. But most likely next week. I have enough in here to make a good return but if the opportunity arising for me to top up at 1.7p, i will take it. At the moment, ask is 1.95p.. this last trade at 1.61p must be delayed from this morning.
£3k waiting for another dip. Will top up half at 1.7p and the other half later in the week. I dont expect any news until next week at the earliest tbh
might see a drop later this week if there is an RNS stating RT has sold some of his stock. Be prepared to buy on the dips. GL
at the moment. DAMN!
Spikey, No probs. Yes that is exactly what i mean. RT has a price in his head at which he is willing to pay for DAN stock ( (lest call this price x). I dont know what x is but im sure its north of 3.35p. If RT offloads 5%, how much do you think he will need to buy back before this reaches x? Meanwhile RT will continue to play adviser to DAN to ensure we reach profitability which will in return ensure SP is far north of x.
Spikey it is highly unlikely that RT would buy an asset which might be worth something to DAN - it cant be "worth" buying for both DAN and RT for their own respective businesses.. This is not an asset exchange it is more likely to be cash. Liquidity constraints do not increase risk to RT in the same way it would a prospective new investor. RT is in profit and is playing a big part in the future success in DAN. He is pretty sure DAN will return to profit and is willing to bank on it - more so that this new investor it seems. RT has promise to buy back to 10% if necessary to get the SP back up to 3.35p + x. I suspect x has been agreed upon between RT and the buyer but it will ensure the buyer is in profit. Long term, this new buyer will have been brought into the big plan which justifies fair value of 4.5p short term.