Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Without news this, like so many other shares, resembles a tyre with a slow puncture - just going down and down. Today we've seen another example. After a push to 3p in the last week we've now been pushed back down a couple of percent each day.
For many weeks now it would appear that this share has been unable to put some decent weight on thanks to those pesky Market Makers.
I for one have found it particualrly frustrating that whenever we appear to be breaking through 3 pence and on to the next key mark, they hammer it back down. Indeed they seemed to be at it again today.
There was a recent post (forgive me, but I forget by whom) in which it stated that the MMs will not allow this share past 3p, and will do all in their power to ensure they can continue to flip it so as to take their 10% - 20% on day trades, looking to highjack stop losses and indulging in other scurrilous chicanery.
Now my question is, should we start to see a good strong push through 3p and sustained buying after that, will they be able to hold it any longer, and would such sustained buying be too much for them to control.
It would be lovely if we could start to track north!