Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
After hours came along with OTCQX listing. Stocktwits has been showing this for weeks. Sorry if I’m missing something. I’m all for it NASDAQ listing, so not trying to burst any bubbles.
Average not peak. He predicts BTC to average at 288k this bull run.
https://twitter.com/100trillionusd/status/1372152103053975558?s=21
With Monday’s discounted shares hitting the market Friday, does one expect this to affect Friday’s price? I would have thought shares will simply slip into the total pool as they’ve already been purchased. In other words, only thing that changes is the volume of shares. Why would investors hang on the sidelines until the placing has finalised? Similar to the previous round, the price went down until just under the placement SP of 80p form where it skyrocketed once the placing had been executed.
Muscles, we’re all a little frustrated. But the strategy and fundamentals have not changed. I’m sure PW and team have taken the hostile feedback on board. The options and warrants was difficult to surpress, they were put in place when none of this could have been predicted. I still believe the speed of BTC adoption surprised even Argo and they are trying to keep up with the rapid developments in the BTC space. I’m sure it was a temporary trade-off between investor sentiment and growth opportunity which further down the track will hopefully prove its validity.
Muscles, we’re all a little frustrated. But the strategy and fundamentals have not changed. I’m sure PW and team have taken the hostile feedback on board. The options and warrants was difficult to surpress, they were put in place when none of this could have been predicted. I still believe the speed of BTC adoption surprised even Argo and they are trying to keep up with the rapid developments in the BTC space. I’m sure it was a temporary trade-off between investor sentiment and growth opportunity which further down the track will hopefully prove its validity.
I strongly feel this was driven by urgency around the Pluto fundraising and/or Texas facility construction. The $100m credit facility may have been delayed due to bureaucracy or other reasons. In this climate, 2-4 weeks are huge if you fall behind - ESPECIALLY in a supercycle.
Personally I would pay 3% to get Texas up and running ASAP. This is our golden ticket to become a big player. I’m sure Argo is putting in the machine order in as we speak. With the 200mw Texas in place we can mine > 8EH by year end. W
hat if the land deal closed quicker than expected? Why waste precious time waiting for banks / lenders to settle a loan?
The 20% discount carrot was not really to reward investors, but to speed up the cash injection of $30m, eg 1/3 of the $100m credit facility. With 600 BTC under the belt, every 50k appreciation in BTC translates to $30m. Selling off BTC is not an option.
Of course we’ll never know what really happened, but time was not on Argo’s side.