Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
They obviously have not conducted the announcement and negotiations correctly. Will lose faith with the market. Think JD is looking down the back of the sofa for a couple of quid.
Warning signs are there.
Could be a CVA
See my name mentioned a number of times (spelt wrongly haha).
I am not a shorter just always tried to give the opposite view to the mindless ramping. I've always said it's a gamble especially with the fall back into the 20s. But will acknowledge of course yesterday was a much better day for genuine holders .
I hope this pays off for you.
GLA
How long does he need???
This is getting embarrassing. Not even a bid placed for the board to reject . The market has no idea what if any take out price may be. As usual the Private Investor will be the last to know and by then it could well be too late if it goes the wrong way.
GLA
With the update due on Thursday the market expects turnover of £10.5B and profit between £915 to £935M..
So I expect it will be all about the future lookahead. For me with the economy hopefully improving, Euros and Olympics should be a bit brighter.
Can't believe how lowly rated these shares are when you look at the market cap. Do they carry alot of debt?
GLA
Well SM66 we are all entitled to have a view. I hope a bid does come in for you Shareholders but just too risky now I think.
Basically like a roulette wheel here now red or black.
Shares could end up north of 40 to 50p or 10 to 15p .
GLA
Hi Toffers at last I think we are on the same page. I'm not going to criticise you. You championed the share, made some profit (well done) . Had to change your investment with the price going South
I honestly believe as your post that the company may very well go down the CVA route . Probably the best option for JD.
Can't see this being taken over now at multiples of the current SP. Just no logic to overpay as the business is clearly struggling.
Well done Toffers on being transparent with your holdings and transactions. GLA
Why sell?
It's all about the appetite for risk. This isnt 100% it will be taken over and remember before the news the shares were trading at 15p.
You pays you're money and you takes your chance.
GLA to all holders but please don't bet more than you can afford to lose