Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
HS, that's a great post and exactly what we should focus on. The noise and fearmongering has flushed shares from nervous holders. I have added, as I did at 79p because these are argualbly even better value now after 2 LARGE oil discoveries.
('flushed' pun intended given the water THAT IS NEEDED to exploit the wells)
From Mount Teide over on ADVFN and why I topped up.....
Currently trading around the pre Royston 1 price - so Royston + the mega prospects below are now effectively in the price for free. Phase Two Exploration:
Royston Deep - Est pool size 4,824 acres / 7.54 sq miles (Anticipate pay - 500ft)
Kraken - Est pool size 3,435 acres / 5.37 sq miles (Anticipated pay 200ft)
Steelhead - Est pool size 1,861 acres / 2.91 sq miles
Guabine - Est pool size 1,391 acres / 2.18 sq miles
Bass - Est pool size 1,300 acres / 2.03 sq miles
Exactly Trek, added at 114 which is almost the pre Royston price from 4 weeks ago - basically Royston for free + whatever else they discover.
I was thinking that too G, so might it mean a Monday 07:00 RNS bearing really good news?
Looking good indeed, up 10.2% at 12:45. Anyone hear/see anything? Lots of big round 6 figure buys going through.
mbarnholdt thank you for sharing the letter. I've advised ADFN bb to pop over for a read.
"This is a world class asset and we need to develop it properly and more importantly with as little dilution as possible to the shareholders"
Apologies off topic. I paid off my mortgage a few years ago and regret it as I had to pay a lot of fees and it took months to get a new one. I suggest you pay off most but keep it ticking along very low in the background just in case you ever want to borrow. I missed out on the real lows 2020 as it took me 4 months to sort things out.
Again, apologies for off topic.
RMTatGB I got a Halifax quote at 98.9p but didn't press 'buy'. Anticipated it being pushed lower LOL.
TSX:ANRG up 18.9% today, hopefully, we will be taking a few significant strides like this very soon. I have been adding in the lows here when top slicing other stocks.
Captain, thanks for your updates here.
Stalin, well spotted. Do we believe the myth of the single share, time will tell but we've seen it happen plenty of times.
LTH, this is a cut n paste from Pro on ADVFN today 24/06/2021 - please read the thread around that timestamp as I had no idea of shorters being abole to borrow YOUR holding and short it against you................
Yes, one of the vagaries of the market is that if you hold your stock in a nominee account with III or HL or IG or any other them..........they are "allowed" WITHOUT your consent, to lend your stock to shorters for a weekly/monthly fee and make a profit by someone selling your stock to move the price against you.
Thats how corrupt it all is.
You can stop your broker from lending your stock, you do this by setting a "limit sell order" on your stock, with an infinite validity if allowed, if not then set for 90 days or 60 days and keep renewing it.
EG if you hold 100K of TXP then set a "Limit Sell order" for 100K at 1000p a share.
Once your stock has a "live" order on it, your broker can no longer loan this out and must keep the stock in their own account.
Sadly most private investors dont know all this and their stock is loaned out and sold against them.....they are in fact supporting the shorters making them lose money on their long positions - and all the while the brokers holding the nominee stock are making money loaning it out and using it against the actual owners of the stock.
So if you hold your TXP in a nominee account and not actual certificates - place a Limit Sell Order on it......and that prevents it being "loaned" out to shorters.
GLA
Correct, just checked 10th March 2021
The buy:sell ratio is very very approximate as it is driven by an algorithm simply measuring trades above or below the mean.
After being very quiet for a few weeks now it's up 6.5% quite quickly. Has anyone seen or heard anything of interest?
Just noticed that welcome 10% rise too. Something leaky???
Anyone know what our recent trading volume has been?
I think buying at <4p will be immaterial in time. What we don't know is what the deal would have done to the share price as it's been wrapped up in this placing. Best of luck all.
Ok Holla, thank you.
I'm in for the long term so no worries.
@Hawfinch "lol no - that's not what will happen"
I would appreciate your expertise and enlighten me and perhaps others, where my thinking is incorrect.
Experts correct me if I am wrong; previous divi's ~3.5%, currently buying the shares at 1/4 to 1/3 of potential value, therefore, when 'normal service resumes' divi's will be equivalent to 10% - 13% of investment.