Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Maybe they just as sick as we all are with how this has constantly dragged along. If it was going to be signed in a week a week earlier shouldn’t matter IMO. Also good luck in suing Ethiopia, lol. It’s do or die for adam’s I’m bored of this now so just want to see it go one way or another
Obviously encouraging RNS but seems nobody cares unless financing in Ethiopia agreed? Hopefully not another delay as this is getting boring now. Normally would be rising but how many times we heard it’s closing this month then nothing
If there’s no money left they can buy for whatever price they want!!!! Why do you think 3p would be madness????? End of the day I too lost a lot in this share but the writing was on the wall with the bond delays. Things will only get worse from now as how exactly I’d the funding now going to get sorted when this has been an ongoing process and obviously hit a brick wall. Do you seriously think the world economy is going to improve in the next 6 months. For those still buying I’d sit back for a month or so as can’t see why the price would increase anytime soon. IMO ofcourse. A sad day allround but good to see the usual suspects managed to bail out yday before the ship sank! Also after all this certain articles reference the PI’s maybe asked to stump up additional funds? That’s the maddest statement I’ve heard as can’t imagine after this **** show anyone having a appetite for more hard cash to be invested. CF is supposed to be the financial expert he obv had no contingency plan. Was always high risk but don’t think many fully appreciated how high, me included sadly!
Bottom line is nobody knows what the hell is going on with this shares price and nobody knew what a dog it was going to be to date! Otherwise we would have all shorted it to date and not be sitting on big paper losses like most are. I sold out at significant loss, my parents decided to ride the storm as it’s not life and death. Time will tell. Hopefully comes good for all.
Is yesterday’s spike another pump and dump like we seen in early 20’s when shot to 26p in a day then happened to drop off cliff from there. All I know is it’s been very poorly handled and most likely was because the uk gov wouldn’t commit on the required time frame. But the plan B seems sketchy at best???
If it was going to take too long to sort last time around with Brexit approaching it’s not going to be even on the radar IMO? End of day if there were enough buyers for the bonds we’d be at 20p+ there wasn’t and CF and co surely knew what that would do to share price? How much has been wiped off the co. Value this week? 30% so to me if we were even close this would have already been done. so don’t think for one min the demand was there or even close and apparently it will be in a few months? Wtf and a 1 line RNS does absolutely nothing to LT investor confidence or relations. A finance expert? Further dilution on the cards. Hopefully wrong as that will be screwed to completely ****ed!!!!!!
And CF thinks a 1 line RNS is acceptable??
Took a hit like everyone else who’s sold here.
My question is how exactly are “market conditions” going to improve in the next 2 months when SXX has openly stated it runs out of cash?
Either more dilution and the project worthless or lights out? Who knows. Joke of a share to date here.
Can’t believe people haven’t made more of that RNS it’s literally a **** on the PI’s from the highest of heights. No wonder he didn’t take share offering at 15p. I’ve stayed on board this ride long enough but to me sailing into an iceberg it’s time to seriously consider options.
The silence is deafening!!!! Even when we were at early 20’s and millions of shares getting offloaded and people saying don’t give them yr shares cheaply? It’s MM’s manipulation...... bottom line is big boys not interested and company will IMO be taken over in next few months for sweet FA!!!! Hope I’m wrong but better, safer investments out there. What a dog of a share this has been for everybody and those who thing the gov will bail us out or delusional. IMO of course
The RNS was a joke in light of recent months, gave benefit of doubt in past but this is a step too far. Hope works out for all as great potential but handling of finances pathetic and obv still leaks into market. Lesson learnt
Interesting post shame I didn’t see that a year ago! But seems like a good time to leverage down for those committed? Any thoughts?
All makes sense now. They must laugh when they sell
And people’s till buy when they know they can get at discount a week later and the rest of us left guessing! Lesson learnt.
How do existing shareholders get the option to buy in at new mentioned price? How does it work please? Seems short term pain for long term gain?
Hope your right fella! It’s just seems back to front to me but I don’t agree my post makes no sense? I find the timing very odd and for such a positive RNS about everything good about SXX again we back in red, whereas of ST2 had been clarified then this released I’d have expected we would have seen a 10-15% hike, do t u agree? like all of us I’m just getting a bit frustrated. More patience perhaps?? I’m not selling regardless as too heavily invested just hope it’s not them just throwing us a bone
Like I said yday the RNS was a joke and that is reflected in today’s drop. Why post it when it’s not even finalised when there’s a big white elephant in the room? Makes me very nervous as at end of day if ST2 not announced soon and clarified, SXX ceases to exist and will be taken over. I’m invested and not going to sell but makes me very nervous as to why it was released as it’s irrelevant IMO at this point and if anything should have been released after ST2 RNS-people staying it maybe a process towards ST2 RNS-that makes no sense? Unless I’m missing something????
Makes no sense to me why this would be announced when for one it’s not signed and obviously been going on for months prior and are all awaiting ST news by end of month????One can only assume that it’s designed to soften the blow for yet another delay or bad news? Hope I’m wrong but obviously the market isn’t overly excited either? If ST was sorted why not announce this with that? Any thoughts? Also I’m heavily invested in SXX before anyone starts but think the timing is very odd indeed
Until ST 2 announced all of this is effectively irrelevant, unfortunately for us!
Air tight!!!! Encouraging
Exactly what I was thinking??
End of the day it’s only another 6 weeks in the scale of things? So the drop yday was what we all suspected and same as last time. Would have been nice to provide an explanation as to the sudden apparent complete change in direction here. Very vague
Hopefully not another nothing RNS following a good share dumping? As similar pattern last time when price crashes for no apparent reason except those psychics managed to get out early??
Fingers crossed the BOD can be trusted as so far been a awful year with another 600mill to find and back we are again below 20p.