Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
TM,
Haha, yep, ok. You'd have fit in well on the Avacta board last week, they were getting taken over too, until they weren't.
Ironically, posts from others on that board were being removed for not fitting the boiler room pumping too.
Currently impossible to sell the shares within the spread, 38.33p is the best you'll get for 10,000 shares.
TrickyMatters,
Quite comfortable with recent profits, a brief look at my posting history will highlight an understanding of retail naivety coupled with an ability to analyse a cashflow statement.
But those things together and it becomes a very profitable outcome. I’m short here from 70p, I caught the top. I’ll be comfortable holding this even if it got to 150p (clearly unlikely), because any rise is totally hollow, and a monumentally discounted placing will follow.
I am actually hoping you lemmings keep buying this up, adding more to the position will be absolutely delightful.
Fire away Tricky, we’ll catch up again at 10p would be my guess.
We have to give Earl some grace, because anyone investing in BHL is clearly a few peas short of a casserole.
But even someone that daft can see how this company is moments away from bankruptcy.
Take a look at the 12 month RUA chart to see how this ends up.
Bless him
More lessons to get handed out here.
FYI. $1.08 = 42.7 pence
TrickyMatters,
Serial realist, I understand that approach is few and far between on LSE.
I'm sorry, but anyone who mutters the words "They might raise at a premium" at this juncture needs to be called out, for the benefit of less experienced investors.
The Avacta bulletin board has been removing any posts that are not hyper positive for weeks. An echo chamber of positivity. That has no doubt single-handedly caused some folk to lose life savings.
This company had less than $6m cash at the end of December, they burn $20m every six months, they are clearly running on fumes. Why would anyone offer cash at a premium?
It is highly, highly unlikely, verging on almost absolutely impossible.
"They might raise at a premium"
Cloud cuckoo retail punter.
Did you not follow Avacta yesterday/today?
Its a horrific market to raise capital in. RUA raised at 11p when they were 60p days prior.
Naïve bulls, they seemingly never learn!
GJ,
Let’s first understand that you are on the losing side of a sliding share price, but somehow you thing you are in a position to be condescending, I suppose that’s all one can do when watching your equity darling fall.
If the company finds a funding solution higher than the current price (75p), you can patronise me all you want.
If it is lower than 75p, then I’ll expect to hear the sounds of some humble pie being eaten.
“We need to raise capital, and we can’t do that if we are hugely overvalued compared to our peers”
The CEO’s words.
Echo chambers are dangerous to your wealth, don’t forget that.
GJE,
Funny how the cabal don't remove your posts when you quote the CEO.
InvestorAce,
Any chance you and your crew can keep adding here? I'd like to keep adding to my position also so your naivety would once again be appreciated.
InvestorAce,
I wont attempt to try to explain what having the RSP means as I don't suspect you'd understand much beyond eating crayons.
As per earlier in the week though, I must show my gratitude to being the fine indicator that you are. 24x ice cold blue WKD's waiting for you whenever you wish for them.
Davey,
The main reason this isn't cratering is because for 90% of the time punters here physically cannot sell. There is rarely a bid, so it is an attempted sort of lock in arrangement to try and present a vision that there are few sellers. The reality is, they just can't!
It was an identical scenario with RUA over a number of days. What you will see is little mini bounces where the traders try to push it up, but then they sell up and move on so the prices retraces further. A cycle of lower highs and lower lows.
I suspect it will do this until the inevitable fundraise, at which point the naïve will scratch their head as to why they are 80% down on their 'investment', because of course "How can this be, Petroinvestor said it's going to 200p"
The only remaining number left for a full house was the chief ramper coming on the board to recommend his next Pump and Dump.
It’s the exact same every time. Scandalous.
A firm no then.
An idiot might be one who got spiked on a boiler room pump such as this.
ATB
Mornington Oz, do you understand the difference between an on screen price and the RSP, do you know what the RSP is?
MM's are trying to sucker in the last of the numerically challenged in by fluffing the on screen price in the hope of making it look like its getting stronger.
On screen bid is 33p, actual quote to sell 10,000 shares is 28.75p.
InvestorAce,
No, you make retail folk lose money. You don't read interim results, you just take part in boiler room pump and dumps, stating lofty price targets that are based on total fiction.
Your hope is that people read this fiction and buy the share, in the hope you can sell for a profit.
I stated facts from company RNS, the cash burn vs cash position were not statements of fiction. The auditors statement was not written by me.
You are the cohort you roam these boards with are very dangerous. Spouters of fictional drivel everywhere you frequent. I will continue to post evidence from regulatory announcements.
Morning Flava,
If by annoying, you refer to the notion that I often present factual evidence contrary to totally ludicrous boiler room ramps, yes I reckon that is pretty annoying.
Indeed. ATB
JinxMe,
Possibly the single most stupid post I have EVER read on LSE, and that is quite the title.
“ Losses decrease so there for its making money”
Seriously, when are brokerages going to require basic intelligence tests before people are allowed to open trades. Scary!