Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The IPF facility was 30m and the first drawing was 10m. We are not talking about £1.5m or £6m.
I think Faron was progressing something that got delayed and it blew up in their faces.
Shoddy corporate governance and disregard of shareholder interests.
We were promised a Zero added to the end of the share price. SSV does not mean losing half your investment and having to put up more money to resist dilution of your holding.
Rights issue means existing shareholders retain their interests.
No impact from lower share price or discount.
If you had 0.1% before the rights issue and you take up your rights then you still have 0.1% after the RI. Company sorts cash requirements via funding from shareholders.
Every one is a winner.
Believe in the science.
Hi Turnkey17
The market cap is already £170m.
No big deal. These are not 'Nil' paid options.
The share options have an exercise price of 27p, which means Catto has to pay a total of £810,000 when he wants to exercise them.
He will only benefit to the extent that the share price is greater than the 27p he pays.
Shareholders should be content that he really benefits only if they benefit from an improving performance and share price.
Can’t be that SSV was just a completely reckless assertion knowing that the truth would eventually be out. I still think all the recent development was in earnest and that this is just a MINOr bump in the road to test our faith.
Buys seem to have outnumbered the Sells. That says something too.
Its not like they did not see it coming.
It does sound like something that was supposed to save them has been held up.
Praying for a satisfactory outcome after years of keeping the faith and holding.