Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The following RNS will hopefully confirm approval, then move on to China and on
GLA
@Magpies1862
I fail to agree...
This share is unlikely to be attracting any new LTH's... not until we are back lending imo.
The majority buying now will be traders - volatility in any share, will attract traders.
The price today/tomorrow doesn't effect a LTH.....
I am a LTH, but have traded this on occasion, to recoup/average down, which I expect most trapped LTH's will have done.
Everything has changed.... The bod evidently putting together a secure foundation for a second hearing.
Bod are better placed on this approach than they were before - huge positive sign.
As with - 'Substantial overnight losses could be suffered....'
Equally - Substantial ANNUAL losses could be suffered....
GLA
FCA simply require any redress to be settled.
For this to occur - FCA require Amigo to survive.
FCA will never condone an SOA - not from malice, they are a regulator - simply doing their job with zero tolerance.
I agree providing the bod can prove without doubt that insolvency is the only legitimate alternative - a judge will conclude soa as a satisfactory outcome in favour of the vast majority, including to keep several hundred people employed.
Confident a caveat will be negotiated - negating this bod from past liabilities (re lending criteria / FCA fine).
No one gains if this company fails.
Incredibly promising outcome on the horizon imo
GLA
Maybe - but many I suspect will hold through fomo
@Stanleypro - Agreed, even if reviews are considered in decision making ( I doubt they are ), reviews as such would strengthen Amigo’s position.
@John2525 - Amigo have clearly taken on board their errors and are now going in for checkmate. It was a foolish act presenting an ultimatum to court, without evidence to back their plea. Providing they prove their case (insolvency as only alternative) - they will get through this and continue trading.
GLA
I do not believe for one moment the FCA do not give a sh*t....
They simply want to see a fair redress / playing hard ball until satisfied that administration is only alternative - which Amigo failed to do in the first hearing. Amigo falling into administration serves no one - means creditors receive nothing, jobs lost etc. Once Amigo can justify their position - FCA again will of course not agree with the SOA but won't appose it. FCA do not want Amigo to fall in to administration, nor will a Judge - leaving creditors with nothing and hundreds unemployed - No way!