Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Agree that the shares are significantly undervalued at the moment. Great time to buy in/ top up. Positive news should start coming in over the next few months - I can only see the share price going in one direction from here.
AIM is a place for losers - statistics have shown that for many years. Yet punters keep coming back to it in a distant hope that this might be the one to make them rich. You are better off playing the roulette wheel.
I can only see this dropping further unfortunately - investors should hold off this share for the time being. Too much political uncertainty and no clear signs of things actually getting done. The company also needs to improve the way in which it communicates with the market. There needs to be a better focus on what is to be achieved by when, and most importantly when the company says something will be done by the end of October, you cannot leave people waiting for that update by Christmas.
As I predicted before, the share price would fall back below 20p. I believe it will continue to slip downwards for the time being on the basis of poor/ very little communication from the company. We should see a small rise again when these further results finally come in - very uncertain as to when this will be though as the company has missed its own deadlines. Shareholders understandably would have hoped for more progress as it has been listed for c. 3 years now.
If it falls back again to under 20 p on delayed results, good opportunity for short term investors.
There have been too many delays here which is concerning for investors- the project should arguably be advancing at a much faster rate to have any chance of success. Serious questions over funding and future cashflow going forward. Unless this is resolved, progress will continue to be slow. All well and good carrying out a laboratory test showing positive ground results but little sign that this company will generate profits any time soon. Many AIM companies in a similar position. Next update may see a slight jump in the share price but the company is not in a financial position to see a sustained rise in the share price. I expect a lot of European car manufacturers will turn to China/ Korea to meet their lithium demands anyway very soon - they are so far ahead of the game in the global race to meet growing lithium demands. Big questions at the moment over whether this project can be completed quickly enough and on a cost effective basis to compete with the Far East producers. Some good opportunities though for short tem investors to seize on these latest movements in the share price.
The problem here is if you say you are going to make an announcement by the end of the month, you better do it or the market will react badly. Investors fear that there may be bad news on the horizon when there is any delay (however minimal), or they simply get bored and move on. The company will continue to talk the share price down with this approach - the report this morning didn't really offer much for investors to get excited about, or provide investors with any idea of what they can expect in the near or long term. Sentiment is the key factor which drives share price and there are other companies out there which are much better at communicating with investors an raising interest levels.