Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Starbuck
Whilst I respect your opinion of funding being at 1.10 I don't think that will be the case. That said, if you are right and it heads to 1.10 it will b the bargain of the year....or one of them anyway.
Wigscoff...very well said indeed. I couldn't agree more. Nothing more to say.
OldTownHat
How do you get to 40% dilution ? I think we are missing information to work that out ie the strike price of warrants. I'm happy to be corrected
Fantastic...Zebbo twat has turned up. Can. only mean good things
LOAC close at $13.02 + 12.5% = $14.65. Which at the conversion is an implied price for 4D of very close to £1.43
This can be considered good news at the very least. It basically says the directors won't make any profit on their options if the RTO they have in mind doesn't reach at least 12p. In my experience they will be expecting to be in-the-money to the tune of 10 to 15p at least which equates to a shares price of 21p to 26p minimum.
And secondly, it also means there is a high probability of a deal....you only issue Options for work done if the chance of the deal is very high or else you look a bit stupid if it fails.
It doesn’t make or sell anything. Do the research or do one.
Moneywise
There is no deadline to close shorts for HFs. I wouldn't over-think that one. This was started by Powell in the States saying recovering would take time and then everyone realised all stocks are over-bought. Small Caps tend to get hit hard in this environment. But the fundamentals of EQT have not changed. I am topping up today as I see it as a good opportunity.
Moneywise
It was last as long as technicals are driving the market. Fundamentals are out the window at the moment. Short term holders are panic selling and long term fundamental holders will see this as an opportunity. How long will it last ? The market will turn suddenly the other way and my guess is only a day or two
now I realise why 76% of PI investors lose money on small caps
Tweedletwat
It's an RTO not a buyout. You shouldn't be investing if you think they are a buyer
king of the dongs
Correct...yours
nb
that's not how it works
small free float + low valuation for a SPAC + public announcement of renewable energy RTO + smart board = guess what ?
Alfacomp
All will be revealed in the fullness of time
Fair enough. I agree there are no facts at present...I'm speculating !
Alfacomp
I think 0.4m for a shell might be a bit conservative. Add on that they have been vocal that a number of RTO targets in renewable space are in the pipeline and I can justify the current price. Yes, money locked up if successful but that is a high quality problem no ?
Milton Friedman once said...."if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income."
Then add a hapless and blundering set of Gov't Ministers and we end up with the sub standard Innova test from China.