Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yes I also think there is good mileage in this share. But it is now dependent on what happens with Dave’s replacement and future funding, For which, we will most likely be waiting to near the end of this Year for it all to be put-in place for the next drilling season.
How will they fund this drilling, I ask because in the past they have raised money from some type of lending system for shares and that company spent months off loading their cheap shares into the market thus holding the price down.
The price seems to being held artificially high to allow some people to off load at a profit as sells still seem to be much higher than buys. Hope I'm wrong but I cant see this price staying there long as its a long wait until next season. Also going to need a lot of cash to continue exploration as there is no income, just outgoings.
What an amazing performance for this share this week I must admit to bottling it on this drill as I didn’t want to be left in the same position as the last four drills. I have only got about 15% of my stake left in play. So hoping Dave really pulls it off this time for all the LTH brave enough to stay the course.