Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
THR just suffering from general market malaise for small explo cos where there's concern with lack of appetite of funders to commit to mining and associated infrastructure funding,regardless of quality of resource. It does however look like this corner,after many years,is about to be turned, and it will be that funding coming to the market generally which will really light the touchpaper on these stocks.
H
Thanks both.
I only bought into THR(and also ROCK) last year through my broker tips and it was only after that that I became aware of PJ tipping them too and have been looking at his tweets since then. So was just curious if anyone on this Board had been following PJ for longer than that.H
Has anyone followed PJs tips track record over the past 10 years or so and if so how does he rate?
I note that when he picked a dud recently, RGM, he never mentioned it again when a post mortem would have been helpful.
Thanks.
I think the problem is that PIs have become sick and tired of untrustworthy spiv directors,particularly of AIM cos ,who run lifestyle companies and hence there is a great deal of cynicism. Unfortunately it means that even the few gems like Rock get tarred with the same brush . Were also of course in the artificial stage of downward SP pressure before 5 April to enable investors to realise CGT losses ,with buy backs the next day...thereby temporarily and artificially lowering the sp. Explo cos announcing great finds ,unlike the old days, are just shrugged off in the current market. The only things that count are funding/JV announcements in the current climate.Here's hoping we have one soon.
I don't think the selling is for company specific reasons to THR.I think its just a general lack of trust by investors of company directors generally,particularly AIM companies ,and also current poor sentiment towards Paul Johnson's tips(of which THR is one.)
For examples of the latter see recent debacles with the likes of CRA and RGM. The gripe that I have with Paul Johnson is that when shares which he's tipped go down the tubes he never mentions them again. For example a few months ago he was very bullish on RGM but since its crash its as though he had never heard of them.THR is of course one of PJs highest touted shares in his portfolio. That's not saying it and the likes also of Rock wont come good...it would just be nice if PJ also publically recognised the ones he gets wrong and offered some sort of post mortem on them in the interest of balance.
H
I'm surprised at the relatively low increase in GGPs share price after todays transformational news (up only 28% as I type) and would hope THRs share price would rise considerably higher than that on a similar announcement.Any views as to why a similar announcement from THR would be met with more enthusiasm than for GGP?
Did they really not know this news before market open today rather than put an RNS out this afternoon?
It always stinks when companies do that. I would imagine this is only going one way tomorrow when a wider number of shareholders read this latest disaster.
I very much suspect this is PJ buying today. My theory is that agreeing/allowing him to stand down as non exec director was the company's way of saying thank you to him to allow him to acquire more shares and not be bound by the "closed periods" which bind directors and is a sign were about to finally start releasing significant news. Similar thing happened with PML ,now ROCK(which incidentally is also worth a look at), after PJ stood down as non exec director there.