Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Probably down payment on the new broker, if they manage to convince one to take them on of course.
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Too late to buy in? Are you deranged? Or just not very bright?
I see you are now differentiating between “non holding agenda wenkers” like yourself and “never holding agenda wenkers” which you are assuming that I am.
How sad. Merry Christmas, don’t drown your sorrows too deeply, it’s only money down the drain.
And if the FCA have gotten involved as has been suggested elsewhere I would imagine they will find certain recent share movements of interest.
Last one out turn off the lights.
Jax it must have just been a coincidence clearly, I mean why would someone dump their entire TR1 holding having previously and up to quite shortly before advised others that it was a “strong buy”?
Karma must have had a hand in it though as they moved whatever they could salvage from this POS and put it into Joules which promptly was suspended.
The red flags here have been waving for some time, and those that dares to want to discuss them were hastily abused by those such as loserB.
Just desserts perhaps.
Well again that’s not strictly true is it, they can issue shares up to the maximum headroom, and it’s over and above that they need authority for.
Balls deep since 2013? And you are calling other posters naive!
This has got write off written all over it unfortunately, caveat emptor.
I must have missed that between all the postponing and reconvening.
So you are saying that the BOD are not able to convert their salaries and owed fees via the convertible instrument?
How much headroom is there available to the BOD to raise funds via a standard placing in that case?
And the million dollar question is how much cash is left in the bank, and how are they now going to raise any?
That’s not right though is it, because they are charging interest on this loan as per previous RNS, so the longer they drag it out the more interest and more shares to convert. And they have enough authority to convert now so why haven’t they? Or do they see a risk to their own capital that they are not willing to accept at this price? What price will they see value? Doesn’t bode well.
Why do they keep pushing this back and adding on the interest, don’t the BoD see value here?
How they are going to keep the lights on, and pay back anything already drawn down from the £1m facility, is a very good question. And before anyone says “the IPO will pay for it” look at the prospectus..
I hope that they have been taking some sandwiches for that guy that’s been outside the ministry building waiting for big news.
All was going to plan?
LOL
Gravy train from the start, nothing more.
As soon as the remaining stale bulls, or perhaps even some of the more recent enthusiastic buyers that thought they had spotted something the market hadn’t, realise that this is going nowhere fast, it will be even harder to sell when there’s a rush for the door.
What will happen then of course is that the MM will pull the rug out so you won’t be able to shift stock in any significant quantum, unless at a discount.
So for those sitting on their hands, perhaps don’t sit too long.
It’s what happens when the MM have more stock on the book than they know what to do with.
They will make a market for it before long.
Not at all, a narcissist believes they are always right without any evidence to that effect (like dearly departed Laguna who was still urging punters to buy may I add, and suggesting it was a strong buy, whilst dumping their stock into the market at a loss) whilst I was correct with my prediction here, and that’s factual.
What’s the definition of insanity again? Doing the same thing over and and over and expecting a different result?
A bit like buying stock here, on a obvious downtrend, over, and over, and over, no?
From your previous posts CF.
And if you find the content of my posts boring then scroll on by, though if you had read them and taken on board what was being said some months back you may have saved yourself a couple of quid.
How many happy clappers are there left now? Surely can’t be many after the recent departure of king rat?
CF so after years of watching your investment being eroded, do you seriously believe that this MOU that has been wheeled out again makes the slightest bit of difference to the outcome? Or are you just blindly praying for a miracle spike to salvage something from, whilst impaling newbie investors with this regurgitated dross?
If they had wanted to mine the coal, or if it was financially viable to do so, even for export and not to feed the MCPP, they would have by now, it speaks volumes that it’s transpired that there were no buyers for the coal assets either, so hardly in demand at firesale prices it seems.