Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The positives far outweigh the negatives, some of these below may have not been considered.
1. The time you want to wait for your money. Mining projects take aling time and after hav those will take years. Hav itself true value will be next year imo
2. Takeover price with shares offered in newcrest. Could get tricky to sell them and have tax implications depending how you have invested.
3. Lots of guesses of how many Oz is down there but exactly how much could be disappointing from the constant guesses on the board and secondly how much of it is actually mine able?
Still in this for 2021see where the price is then
That's my point schiemel ppl keep pricing scally into the sp now when nothing has been said and the words 'prove up' can also mean drilling proves nothing is there. It's the same as constant guessing how many ounces is in hav. There's been 6 outstanding results from newcrest so far and it's taken years to get here, other projects will be the same. The new ppl that have bought in blind need to see through the drivel spouted, that's why I'm hoping nerves/inexperience will get the better of ppl and sell. Other lth are thinking exactly like me and looking to top up as they are here for the longer term
Confirmation of scally perhaps June?? Old-timer it's you that needs to try harder as you know nothing by guessing when results will come lol
Looks like ppl getting nervous and taking profit, stop losses kicking in. Reality is this will drift with no news for awhile now. I said yesterday I'm hoping to get more cheap shares sub 5p as all the new holders in the last few weeks sell for a few pennies in their piggy bank, don't blame them tbh . As a lth with a very low avg I'm already derisked for a free ride. Reality is your going to have to hold for atleast 12-18monthes. The mining industry takes a long time to prove things up and maybe new ppl are realising all the big talk in the last few weeks was good and well researched but not imminent to the sp. Ppl keep pricing in other projects to the share price like scally etc that will in turn take years to prove up. Its a quick lesson to those jumping in on talk on this board by rampers and not knowing the company or where its going, there's a reason ppl have invested in this share for years. GLA
Shares can do just as quick with selling so lets see it fall for my liking.
I can only hope :)
As a LTH of this share its another great rns for the company and many great things to come. My "hope" is that the sp slowly drifts as the 10% profit takers go, then the people that bought in at 7-8p see their profits reducing and sell out of nerves. Then those that have bagged 3-4 times and decide that the money is close enough now they have realised all the superficial talk this was going sky high this week take profit. It will mean then i can take more cheap shares and sit on them for the next 12-18 months to get the real value. I'm not deramping before anyone gets a chip on their shoulder. I got a free ride when this was 5p, I can only hope in now goes below that so i can get more shares. This is was an investor hopes for in a great company and BOD like GGP. I'm sure many others with very low averages are looking to top up.
Yes I like this company. News is so but before I entered I looked at the past rns news and contract wins have me confidence this is just happily trading making profits and a solid foundation for the future
Tight spread most of the day aswell, would expect a rise tomorrow in sp
Nearly fell off my chair then someone speaking on this share chat. I was under the impression news would be this week, don't quote me on that though
Seems like a lot of selling taking place with a mix of profit taking. I'm happy to see it around the 9p mark. 10p will be a traget for many to sell and take more profit so if we end up between 9-10p at the end of the week il be happy for the next phase of this this share.
A little message to those at war with their thoughts.
1. This share won't sky rocket this week into the dream numbers.
2. Nobody knows what's going to happen including myself.
3. The "experts" that have made money back from this share after losing plenty before.
4. Don't let greed cloud your judgement.
5. The other projects will still take years to prove up even if hav is sold
6. Remember what your goal was went you first started investing and stick to it.
This isn't deramping just look past all the hopeful words clarify your own opinion and stick with it. Good luck to everyone I hope you all get what you want.
For me this share will go either way. I've got in very cheap and think it's a little gamble but most aim shares are. 3-4 times money top slice and leave the rest for a free ride and keep that gamble. I'd set a stop loss which I never do but in gambling something better than nothing. There is also alot time and funding needed for this to go further. The gold would take years, a quick buck or gamble is where I see this share on current evidence.
For me i gave myself a free ride at 5p with plenty of shares to play with. Il hopefully take profit again at 10p in the near future and then look towards the 3/4 quarter and see where we are all at after maiden resource etc If it ever did go to 50p that would be me done. Like most its never profit until you sell, we all have different financial positions.
True - that's why i said people only have to satisfy themselves. We all have own personal morals i just don't get upset when someones differ to mine.
We are all adult here to make our own decisions. Of course he is here to make as much money as possible aren't we all? We do it in different ways but i don't see why people get upset by someone using back hand tactics for his own gain. He doesn't know anyone personally just like we all don't. In the end we all only have to satisfy ourselves. No offence to anybody but id rather be sat with millions with people hating me a bb than try and gain their respect. I do hope everyone the best but lets be honest we all in this for ourselves at the end of the day.
Great posts on the topic thanks everyone. Will definitely look into some of the comments and nice to have a good discussion. We are all very happy from whatever stage you entered, whether it was more luck than judgement at the end of the day your still in it to win it... GLA
VF is your 5% per day on today's price? So roughly 50% on top, or 5% accumulating each day on the new price which makes it alot higher. Both ways make this 10p+ which il be happy with either way
Will definitely do that jersey
We all want the biggest price but proving up any projects takes years. With the amount of shares GH has we all know what the right money does when on the table.