Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Just catching up here........not sure if anyone has mentioned the MuesliBrown Tweet from yesterday (following the one from the 5th). Figure of $60bn being thrown about for in ground ores. With 10% min value and the current exchange rate, that roughly equates to £1.56 per share. Probably just another guess though. Apologies if my maths is wrong!!!
OSF, I was just trying to keep things simple. Not trying to mislead.
I agree that "other companies" in general would not have rights to the shares. What I was alluding to was that the other entities that own part of the current EUA portfolio will probably have first dibs on these to "smooth the path". I assumed they are the "other companies" where the shares may go to, if that indeed happens. Hope this clarifies my simple explanation. GLA.
Bellers, I believe the the short answer is "technically" yes. However, if I can give my OPINION ONLY, this allows the BoD to sort the percentages of the business not owned by them. It potentially allows a smoother sales process etc. of whatever is actually on the table. If it were me, I would off load the working aspects for the payoff, and then develop the rights recently obtained, to sell off in the future to out benefit. I appreciate this is simplistic, but it would make me really happy!!! Happy to be corrected by the more astute investors.
Ragsrob, I am no expert by any stretch of the imagination, but looking at the RNSs from the 9th and 28th April, it appears that the BoD asked and the shareholders agreed. There are several ways of looking at this, but the negativity may come from the obvious disadvantages with a disapplication of the said rights in general (as per a google search, it appears we lose the rights to some of the share allocation if progressed), but the positive aspect is that the Bod need the flexibility to get the deal done. I may be wrong, but that is how it looks to me.
This is what was voted for at the EGM. The BoD has its plan! It only lasts until the AGM as far as I can tell.
Nothing really new here. Just filed the document at Companies House. Everything should be clear soon - one way or the other.
Still holding and anticipating!!!
$15bn is roughly just under £11bn. Roughly £3.85 / 3.88 per share.
Also topped up. Shows as a sell......again!!!
PP / Les,
2pm (GMT) Tuesday. NN meeting.
Big RNS time?
I am sure there have been worse guesses.
GLA.
Mine was for a while, but just reverted to correct price (whatever that is???)
3300, LOL,
Volvo XC60 (for the dog)
Bright Orange Toyota
1994 Raleigh M-Trax!!!
Pau1Oz, 3% a day would be more than lovely.
24 trading days to double your money!!!
We can dream.
3300, sorry, I could have been clearer now I have re-read my post.
Ave at 55.87. When the price was 66.5 (at that time of writing) I was 19+% up.
I see where the confusion may have come in.
Anyway, hope you have a great weekend, and the same to all the others on this BB.
3300,
spelling statement wrong?...is that naughty step? Difficult on a phone with fat fingers!
The maths is right though.
Hi, at 66.5p I am 19.63% up, so just waiting the RNS / Mission Sttement / Media launch etc.
Please do not do that. Stay as you are!
3300 lol
My other response was "The bots have it! I say the bots have it!"
Just a minute....okay, I have put some inorganic, transparent, tasteless, odourless, and nearly colourless liquid on my digit, and then carefully placed it outside my abode to take reference from the natural air movement outside, taking into account all the relevant and obvious factors available to me.........not a clue!!!
The level of control on this SP has been significant throughout. I am not an overly suspicious person (am really) but what if they want to tempt some PIs to sell up with a decent percentage profit, prior to the press embargo being lifted / RNS / F1 weekend etc etc. Jut a thought! Good day though. Happy with the level of profit to date (on paper anyway) with more to come!?!?!?
Sorry, but do not know enough about how dealerships work to answer the below. However, just had an interesting chat with a neighbour who is involved in a very exclusive "pre-loved" car operation in North Yorks. There appears to be a lot of money about for top end vehicles at the moment. The rich apparently are getting richer during these unprecedented times. Anyway, he is selling 30-40% more vehicles per month now, than pre-lockdown. Obviously not fully verified or corroborated, but the feeling was that other similar operations are also making some big money. The vehicles I am talking about, although "pre-loved" are somewhat more expensive than the DBX!
...will not really work on LTIs! They are immune to the dark side, and make their own decisions (good or bad).
Back from holidays, and having read some of the posts over the last week or so, am wondering what has been going on.
For me, nothing has changed (except being in front without any real news).
Same new management, same winning combinations - as far as I can see.
Same degree of hold on the SP (pending some big news, IMO).
All the best.