Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Whilst GAZK is very direct on the verge of insensitive, his view and approach is also worth noting as he took the position of further losses on RR.
Everyone has a different view, different buy in and buy sell off price, and value of loss is personal.
I have made already 300 pence per share profit when i sold on and bought back in 300 pence lower than what I had originally bought shares in 2017
My stop loss threshold was much higher so I allowed it to drop to this price without selling off.
In hindsight, Although i am in still in profit, I realised I should have sold off and bought back in now, but I truly bwlieved RR would stabilise the speculation around them.
Even Casa, whilst he has been right that SP will tank, the SP has yet to reach 100 pence, and to be fair, anyone who is buying at this time should know that it is really volatile , and could fluctuate 40 percent plus either way.
Keep it all real and respectful
There is more to that, they would offer discounteds like IAG ,
The rights issue iand value will be faacinating t see, , they have finally laid everything on the table, lets hope they get a government bond, debt issuance amd se/ off ITP
Why would you expect it to go down more, they have finally confirmed they are seeking 2.5 billion in equity, so nothing more for matket to be spooked, though looking at IAG rights issue, i can imagine a massive drop,
What do you think now they are offically a fyse 250 company, do you think they can drop into ftse 350 ?
The merits are being assesed by board and advisors,
Its not as easy as IAG,
Also debt issuance being explored with government bonds, which BoE promise to underwrite and back
If it gos rights issue without government bonds, RR have no real regard to investors , if they choose debt issuance then they are protecting there holdings and value in market
This is a fascinating management dilemna
Shareholders dont want to see holdings really diluted further
Debt issuance works with government and bond buying
Soveriegn wealth is a new strategy
What will it be ?
Ita all about whether RR can find a solution