Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
£2.795 share price x 430,000
You are wrong it is 430,000/1 dilution so you need 430,000 shares anything below that is cancelled anything between 430,000 and 860,000 is 1 share and some cash provided it is over £3.
I am intrugued how do those who worry about the cash burn think that the money for investment and therefore growth of the company comes from? This is a longtermer not a shorttermer as with most things I invest in I buy and then wait and watch.
Looking at that full judgement I think it feasable that he will go personally bankrupt (representing himself all the costs of the appeal) and as the action was against him not the company I think he is in deep. I too will not be holding my breath for this coming back but our best chance is if he does go bump as the people trying to get assets back would like to make the most of his shares in PAQ which may get it revived. Conversely it may get it shut down and the assets sold but if they do it is likely they will lose out totally as well. I could have sold out at a proffit (big proffit over 100%) lesson learned first proffit best proffit.
until the company comes up with what they are going to do.
ON AIM this morning
26th has come and gone and no news and although the rules state 6 months I have know companies go past this date without being struck off.
http://www.ft.com/cms/s/0/8a2b1f88-f5a8-11df-99d6-00144feab49a.html#axzz162qj0Cj6 apparently they were warned
Is loooooming
rns
This is a share to forget about for 2 -5 years come back some where in that time frame and see where it is. It is not going to get any better until or if they grow the business. If they haven't grown it then it will still be poor if they have who knows.
CNT makes a recovery despite the fact it could be wiped out by a debt swap and ROK plunges on a little bad news. I always consisered ROK to be a very stable outfit clearly this may not be the case but if both can survive this there are bargains out there.
They could go down to nought who knows but with all those shares out there sloshing with the underwriters I think this has held up well far better than I feared or some others expected. Curratty: Just to clarify A2's reply it should be inital investment + anything spend on other shares in offer including any dealing costs (giving your total book cost) divided by the number of shares you have now. If you have an online dealing service (Halifax etc) where the shares are kept it should give you this sum (often called book cost or average) . The other way of couse is to set yourself up a simple spreadsheet where you put in the above equation to give you an answer.
Well I suppose I am better off then (108 shares) break even £1.30 would have been over £8.50 if I did not take up the offer.
Did you buy your allocation in the open offer? If so these have yet to be added (at least they have in my account) and that should make them look a little better if not you have lost about 90% value.
They will become WI shares at a rate of 1/1200 (83 shares £58.10 at 70.0p) if you bought the offer (and any extras) these will be added soon and the B shares are simply a technicality and are worthless. My shares show QTI but have moved to the bottom of the list (as that is where w puts them) and it is normally changed when the market is closed over night.
Everything passed name change and new shares should start trading 30th ticker WATR
Just think prior to the last consolidation (and taking into account the latest) your holding woud have been 12m shares. Let us hope this brings real value to the business and they keep us informed about how they are doing, something they do not have a good track record for.
But at least with Hobson you got a horse we may be getting the nothing as well. I think it is against everyones better judgment makes you wonder which fools have actually bought in the last few days.