The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It now looks that the shares are finally starting to come through. It makes sense as without this the sp will be in a further free fall.
His shares may have saved the sp plummeting through the 0.40 level. This has stemmed the bleeding from this "open wound". "
I am erring on the side of caution that the placement will be at 0.40 rather than at any lower levels. We need to see how this pans out over the next few weeks.
For all you rose tinties -
"The long and short of it is should Premier African Minerals fail to meet production targets, Canmax can impose crippling penalties on Premier African Minerals, which will erode shareholder value."
"Premier African Minerals have bought themselves time, but long-term shareholder value creation hinges on ramping up production in the short term. The pressure is on."
Who continually posted on here for the sp to be still in 60's. Talk of this will reach over 1p etc etc, laughable.
When investors see what the placing price will be will again make investors run for the hills as imho it is going to be considerably less than what it is. What else delay the follow up RNS?!
Hope I am wrong, but sp going in reverse until that comes out me thinks.
People after all the P&D. The time to get in here is once the dust has settled and when the placing price has been announced. Placing will be a lot lower than it is now as Prem needs to get this off to a good start if they want to keep Canmax on board imho. It is all in their hands now.