Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I use to have 10 million of these and bailed out @ £1 approximately a year ago , maybe longer. Still hold a million looking for the floor, so I can average down. Sadly I don’t think we are there yet , nor once we are there what is going to turn it around. I only kept the million on FOMO . Definitely not one of my better decisions. In a few other junior miners, and they are in a similar position.
Good morning ,
I don’t see any serious share sales today.
Half way through the trading day and volume is 59 million.
There are regular contributors to this board that hold greater quantities.
ATB
Some excellent posts . Also AZ & Venus aren't taking their entitlement. However , why would you offer individual shareholders multiple of 10's of millions of excess shares , if you forsee no need ? Could they expand the cash call ?
Divvyup ,
IMHO , you are one of the best researched posters on this board , and way better qualified than me to answer that . My opinion is we will benefit hugely as a group with our tie up with Vechain but it won’t be sufficient to keep SYME together, going forward. AZ and the TF boys just appear to have different outlooks .
I think it would be disappointing , because I was very keen on the union . I don’t detect any warmth between the two original parties , but think Syme should definitely retain a stake . It is being reviewed as per the RNS , so anything is possible.
Truthfactory,
Personally , reading between the lines , I think you are right , there will be a parting of the waves . My impression is the TF boys thought they would have access to more capital , and AZ thought that TF would grow more quickly , giving AZ more time to get all his ducks in a row . It is has not worked out as either side has envisaged. IMHO .
Rosie ,
It is a month to the day when dilution on this scale was confirmed in a RNS . Ever since you have predicted with great glee , that the SP would tank and we all should bale . The SP is within 2% of the opening price then and the closing price now . May I respectfully suggest your prediction is pants and you stay out of the bookies , as it might cost you more than you dignity !
Excellent post Peakhope . Entirely agree , not expecting fireworks , just steady progression following first IM . Also like to commend Divvyup’s observations earlier today , he is an excellent and compelling contributor to this board .