Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I bought a 170g Microsalt shaker from Amazon upon reading the RNS.
My thoughts:
The salt is a very, very fine free flowing powder and the taste is powerful for the quantity used. TICK.
However, the container is almost identical to that of an ordinary salt manufacturer. It has both a large hole in the shape of an arc, it also has multiple smaller, round holes. These are far too big to restrict the quantity poured to a sensible amount, thus negating any benefit to the end user. I have been using it by opening less than half of one of the small holes and the product still cascades out. An analogy would be like asking for a pipette and someone passing you a bucket. Furthermore, it is such a fine powder that plenty finds its way out around the edges of the rotating lid when it is closed. NO TICK, A BLACK MARK!
Microsalt urgently need to repackage this excellent product into something that distributes it in controllable, small quantities otherwise retail users will not place follow on orders. I do understand that retail is a minor market for Microsalt but B2B clients will be impressed if they see positivity from retail customers.
I am not bashing this product but providing constructive feedback. For what it's worth, my position in TEK is larger than the average UK salary and I do not want to see it flop!
I am GUILTY. I confess to selling part of my BELL holding (7500) and buying 12000 TMTA in its place.
My motivation - as previously suggested, it's an arbitrage situation.
There is risk; the proposed deal may not materialise.
There is reward; the equity exchange of 15 to 22 implies that a holder of TMTA will benefit when the deal happens.
Arbitrage situations, by their very nature, implode naturally due to uneven buy and sell pressures on each name. I wasn't particularly early into this arb and my opinion is that this opportunity has now closed. My flip made an unrealised book gain of around 10%, which pleased me as I was having a sandwich and a cuppa at the time!
For what it's worth, I have been a holder of TEK and BELL for a long time and I'm sitting on losses on both names. However, I believe that BELL is fundamentally solid. Holders should start seeing a steady SP uplift when production increases but we should not expect anything remotely meteoric and nothing for at least 12 months. My investments are based entirely on fundamentals but I got my entry level wrong for my BELL risk, my break even is 72p....boo! I trade occasionally , when I sense an opportunity such as this, to lower my break even price.
Good luck everyone and keep smiling. 😁
Puny volumes indeed.
I was NT to buy £1k at market this morning. A similar sized buy at 118.95 has been reported this afternoon, which is way over the recent market price.
My hunch is that this SP rise will be unsupported by the end of this week. I would love good news to break but, otherwise, I see no reason for a spike above the fair value of 100p/105p imho.
Any other views would be most welcome.
D
#lovelyjubleyno1 - An excellent comment and exactly my sentiment.
I am underwater by around 70% but I accept that high risk/reward is the nature of AIM investing. Many are fools to think that they can talk the SP up and down by posting never ending drivel on here; it doesn't happen! Swallow your fragile pride, get over your paper losses and hope that COPL sells increasingly larger quantities of oil without the need for further dilution.
Thank you Charlie1984 for your informed, balanced and intelligent appraisal of COPL. It was a delight to read, largely as the punctuation and spelling were almost flawless.
PIs need to be patient. COPL has too many uncertainties and risks to 'rocket'. I suggest that any who expect an SP to multi-bag WITHIN days or hours should consider selling their position and start investing in scratch cards instead.
DYOR! All IMHO.......
"Transformational" was pretty good too, and not incorrect!!
Nope.
Your sums are correct, MCap is around £40million. HL and LSE are wrong....!
"I sincerely hope that the SP does NOT open down 7.5% without me having been offered placing shares at 28p.". How wrong was I ???!!!
Dumping 15% on open just demonstrates how disloyal the IIs are when they are gifted cheap shares.....however, I managed to mop some of them up at 29.35p and I am back to 0.15% of TEK.
I quote Norman Stanley Fletcher of Porridge - "Little Victories, Godber!"......not impressed though.
So, my shareholding has just dropped from ~0.15% of TEK to ~0.14% i.e. a drop of 7.5% of my holding.....overnight.....without any notice.
I realise that Placings suffer less administrative costs if offered to just a few 'favoured' parties , but, just how much does a PI need to hold before being treated as an equal to an Institution????
I sincerely hope that the SP does NOT open down 7.5% without me having been offered placing shares at 28p.
My two Buys this morning have been posted as Sells. This is turning the Share Trades page a misleading shade of (blood on the streets!) red. Can nothing be done about this? Are dark forces complicit with this misrepresentation? Does a sea of red bias algorhythm trading in any way?