Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Slipsy, I reckon most PIs would sell in larger chunks...usually because they want to put their money somewhere else and would want the money a bit faster than this. But who knows? A TR1 would help clarify. In the mean time, we await funding news.
Jim, Your confidence is admirable and nearly contagious!
I thought that Total had an irrevocable option on 25% of Orinduik (leaving ECO with 15%) ...that's what the $1m bought them. I'd like to see the Total option reversed, but it all depends on what a 3rd party pays to get a slice of ECO itself rather than a slice of Orinduik. Whatever is happening, this sell down is not what you'd expect with the news flow that is due.
There was virtually no liquidity when the share price was above 35p. Now, I can sell 100k sub 30p ...not that I'm going too. I think this no news period has been worked by someone to get the price down and then buy a few.
*The (not Then) !
Then problem is knowing when to invest.
The share price is just catching its breath! At the close of play last Thursday, the shareprice was 63.5p (mid). For parts of today it's been 20p up on that, ie, up over 30% in less than two trading days. Give it a chance :-)
Morning Nige I was replying to revoy's question about the CLNs :-) I think the CLNs are fairly low in value v. MCap now so wouldn't make a big dent if they got exercised. Regarding beer size, I think I3E is a very large crate of beer!