Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Could he not have sold the Shares in Circum to pay for the DFS at Zulu instead of issuing another 5 Billion Shares or am I missing something? They are worth some 7.5 Million I think.
The proverbial *****s drawers!!
Hang on though, whats this?
Sorry Jag no theres not just checked the Intraday!
Is there some movement here Jag??
If Snowking had multiple years ISA limits worth of shares @ £20K a year and has done very well on his investments he could easily have that sort of cash to chuck about and invest £84K to buy in Prem.
There are plenty of ISA millionaires around.
A lot of sells today will be traders who work on a 10 day cycle in as much they can buy shares and the money does not leave their account for 10 trading days after, This was going ballistic 10 days ago so plenty of people thinking they were going to be making a quick buck. It must of hurt a few people in the last few days!! I am holding firm and cannot see how the next RNS will be that negative with multiple offers on the table. But WTFDIK
Very quiet here. Its been a helluva week. Should know if we will be laughing or crying within 8 days.
Hi Acker
Glad the rage / red mist has subsided. I think we are ok, I bought another little half mill this morning.
End of the month we will see if that was a smart move or not.
Yes Graham I hope they will. They don't understand that they have been responsible for where the SP stands due to theirdreams go getting rich quick and then panicking. There is some news coming, multiple offers that may mean we dont have to give away any of a valuble asset
Some people seem to think its worth a £20 grand punt at these prices.
Whys that do you think??
Oh ****loads of Lithium, thats it.
Because you are not directly giving away a large slice of pie!
Things here have fundamentally changed. The price of Lithium has surged so why do a deal you had in place on prices that were a lot loss than they are now. That would be gross negligence.
Would you sell your house on its value 2 years ago??
I think everyone just needs to chill a bit and stop hurling abuse at each other and GR and sees what happens at the end of the month.
And some more. Are we expecting news soon??
Some chunky buys gone through!
Do you not think that he has multiple offers and is deciding which one is best. If he makes a decision by the the end of the month that is still pretty quick in reality. Other investors might have thrown their hat in as well. I think he is in a strong position to get a good deal that will hopefully benefit all of us here moving forward.
Totally agree, I don't know why people are losing their heads. There are tasty options, just chewing through and seeing which one is tastiest.
Trouble is as far as I can see is that people seemed to think there would be a pile of tonnes of Lithium ready to go to market soon and of course this was never going to happen but now they are disappointed and running a mile. The fundamentals stay the same, we are sitting on a huge pile of tonnes of Lithium but need some extra cash to get it. If someone is now happy to lend us funds without diluting the company surely thats a good thing. Companies only dilute when when they cannot get funds externally. Offers from external sources to lend Prem cash can only be a positive.
0.34 to buy and 0.32 on the sell.
Held my nerve and seem to have moved all in at todays bottom. Already have a large holding so fingers crossed. That new kitchen might be nearer than I thought!!
My stack is in!