Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
No, I didn't offload - been in since 2011. De-risked and rebalanced 2016 - but just being realistic, based on my 8 years experience here.
we're not in June. Anything could happen here - including 1p in June if GV and DC decide to play hardball.
my prediction ... a quiet June and July coming - SP down to around 2p range again with no news because GV, let's face it, is in no hurry to rush into anything.
Cheers Bugzy, I hope you're right.
Bugzy, the last RNS is speculative, with the prospect of a deal being done - Trew and Bellingham got that far only for the road map negotiations breaking down. I hope this comes right over time - I am invested albeit to a lesser extent than before - but the last RNS, IMO, is kind of the same old same old, except with a new BoD.
No, that was not my sell actually.
Take a look at historical patterns - always ups and downs on no news. The prospect of a deal is not the same as a deal done, and there's no certainty that a deal will be done, same as the past few years.
to sell a few for the next dip!
All parties to have gained from Schaer's fraud scheme at others expense will be running for cover. It would be good to also see Atlas Capital going after Schaer in the Singapore and UK courts.
Agree, wiseinv1 - the prospect of a proposed transaction is not the same as a deal being done, signed and sealed by lawyers. PFP has been full of surprises over the years, and with the complexity and cunningness of the players involved anything could happen here..
Good way to accumulate by instalments, sell on the rise and buy on the dips, been going on for years!
A bailout from Tencent? - or am I getting caught up in the old magic spell?
Petham, basically Eric and his brother went after wealthy German industrialist, Peter Eyckeler and his wife like a couple of sharks after money. In a smoke screen of charm, lies and bullshit by the two brothers Peter invested millions in Mysquar and Fastacash, only for it to disappear very shortly after.
Its laughable that in the court transcript Schaer was trying to convince the judge that it was all the fault of the investor for investing in a failed business venture, while at the same time using RNS's and public media platforms to tell everyone that investing in Mysquar will give "tremendous value," while he was siphoning off cash out the back door.
L&W, I hope this comes right in due course, but the principle of a proposed transaction is not the same as a deal done, signed and sealed by lawyers for both parties. Trew and Bellingham got to the same point in principle - a willingness from all parties to do a deal, only for negotiations to break down in the "road map" phase.
Also Chong is telling us all that Mysquar hasn't and can't report Eric to any of the authorities because Eric is not domiciled in Singapore, yet here is Eric having being found guilty of defrauding an investor over substantial Mysquar investements in THE SINGAPORE INTERNATIONAL COMMERCIAL COURT OF THE REPUBLIC OF SINGAPORE!!
Actually does anyone know if Schafer now gets jailed in Singapore for the crime of fraud?
Yes, here's the big one....
HE&SF’s claim to recover the sum US$3,235,385
succeeds against RDS (on the basis of unjust enrichment)
together with interest as may be appropriate.
Schaer judged to be a total fraudster.
Any developments might be much longer than this side of summer.
Itzag - don't forget that its Africa, afterall. I really hope that this comes good, but anything could happen here and GV and DC are cleary under no obligation or in a hurry to do anything, since they are both no doubt very well enriched already by being part of Moz government for these past decades.