Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
matt you clearly do not have an understanding of markets. keep deramping because it will not be long until you crawl back into the cesspit you came from. mudis they can extend another 7 days.
Why would the market price it in yet when it is only a letter of terms agreement and why would the market price in Mothae when they have a very short time deadline to complete the transaction. There is still alot of un-certainty here so when Philip Manduca confirms everything then it is full steam ahead. Come on Matt are know you are a bit slow when it comes to the markets but come on.
yes then factor in tw bear raid which has taken 20% of the shareprice that will get taken back up.
sutherland I do not think you fully appreciate just how good funding will be for PRG. Funding will allow PRG to fast track into produciton on both mines in Q1. When the dates are set and everything is ready market is foward thinking to these dates. You will find AIM goes up on anticipation of major events. Look at some stocks that are moving into production within months then look at how the share price is reacting.
funding is a major hurdle but people are forgetting just how big mothae is. we do not have mothae but when it becomes announced that we do then the sp will move higher.
Mothae in the bag will be the start of the re-rate.
how can you say the market is certain funding will happen nothing is certain until signed. let us wait and see, not long now to show how stupid you are.
saying it will not go up when we have funding and mothae in the bag is silly. but as you say only talking weeks to find out.
Matt you are missing the point........nothing has been 100% sealed and confirmed. Yes the governement approved it but we still dont have the asset. We still dont have funding. So to say 'well why did it not re-rate on previous news', simple reason being is that nothing has been signed off yet surely you can work that one out. If philip manduca pulls off funding over the next few weeks then we will finally have 100% confirmed funding and money in the bank we will also have Mothae a 100million+ NPV asset.
Also you have to take into account tom wini and gang have bashed the price down 10-20% firstly saying that no funding was coming and then saying not enough for 500k loan well they were wrong about funding and once it does get signed off they will be wrong about the 500k aswell
looks like they are holding it in place to get a few more shares, they seem to be extremely low on shares as of late.
it also means that it will shut up the bears and shorters like tom wini once funding goes through as the 500k loan can get paid.
are you having a laugh? nothing is set in stone the market is not convinced that funding will happen over the next few weeks but when it does then the price will rise. also mothae will be ours. the brokers are updating their target once we have funding and Mothae read their broker note.
less than 10 trading days to go before the end of the 14 day extension (if it gets pushed to 14), that re-rate is in reaching distance now. gla
NT to buy
Yes they did reduce their holding but if you look at the itgt rns they had 30mil shares in coming their way from obtala and if you look it looks like obtalas shares got transferred into the spreadex account. i looked at the rns again and it is stated that there is no overhang in the market so i assume those shares will be used in another deal with itgt as they are still in discussions with them
i think they were the shares going to itgt group and are probably still part of some deal yet to be announced. no idea why 1mil got sold.
philip manduca said no more overhang in the recent rns.
now shareprophets have tipped prg again haha what a joke Paragon finds a new backer - the shares are a recovery buy By Robert Tyerman | Saturday 3 October 2015
just getting manipulated by auto trades at the moment