Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
IIG will be considered 'complex' as it invests in higher risk, unlisted companies in a sector that is often 'hero or zero'.
A financial advisor (if used) would be required to talk you through the risk of financial loss before purchasing on your behalf. If acting alone, which I assume you are, your broker is highlighting that this stock is not for everyone, certainly not one to put your entire life savings in to. This should be considered a higher risk element of a balanced portfolio. There is a real risk that your investment may be worth less than you put in if you are a forced seller.
Did your broker direct you to an online test?
I use AJ Bell and they have a series of online questions such as "how much are you prepared to loose" (hint don't select £0), "what is your investment timeframe" (don't put 3-6 months), "are you knowledgeable about the stock market", "do you understand what a complex instrument is" and "how long have you been investing for".
A bit of common sense and you will be fine, if you do fail the test with honest answers then perhaps this one is not for you after all.
There's some strange buy and sell activity here for the last few days, lots of single and double digit transactions.
Why would somebody buy 3 shares for £2.77?
Also loads of sells just after 4pm yesterday (22/10), each for a few thousand units.
Can anyone explain?
I'm not an investor in MPL but I have seen comments here and other places in the last few weeks that made me think this needs some investigation.
In short, anyone who thinks this will be worth 2p, ever, is delusional. I made some simple checks and can quickly see that any talk about the port opening soon, right after Covid has moved along is incorrect. For a port to operate it needs a functional facility, such as a dock, cranes, roads, offices. All this is needed before any ship will use it.
Look at the photo gallery on the MPL website, https://www.mercpl.com/gallery/photo - last updated in 2017. Why no pictures of cranes and offices? If I were running a legit business wanting to attract investors that's what I would show.
Compare to the satellite pics on Google Earth - use the standalone version which can be downloaded from https://www.google.co.uk/earth/download/gep/agree.html as that has a useful clock icon that allows you to scroll through chronographically. Search for Karanja Creek, its at 18°50'55.00"N; 72°58'13.80"E and then scroll through from 2016 to the present day - last timed shot is 18/2/20. Does this look like a port about to open and deal with cargo?
It is possible to make (good) money investing on AIM but choose very carefully where you place your money. Remember for every buyer there is a seller, and those that shout the loudest are not necessarily correct. I hope you guys who are holding find rich buyers and get out with something before the directors spend every penny in the company bank accounts. You've been scammed, put it down to experience and next time do some more research rather than jumping on the bandwagon.
Good luck.