Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Support levels are at 2.39 so
if it goes below that and sticks which looking likely as many
still have very good profits to be taken out then next support line is in fact
0.80 so above this level as a buy in next few days as let’s face it no news for weeks
would be the sensible option as this will drift until next news and still needs independent confirmation
which they may or may not get. This has happened before at same stage and nothing was ever extracted
Cue a load of rampant idiots shouting me down
If you scroll back I think my predictions have so far played out to the letter
PJ
How did they manage to get here in this situation what an
absolute shambles
Teens or even single digits before anyone brave enough to risk a buy
No volume even on this drop and too many negatives for my liking and it seems
many others too
PJ
Filing a missing persons report
Paging Neil777 chief ramper suddenly gone very quiet
he’s sold now waiting for it to dive will buy a few back and start ramping again
Classic
Gordon Bennett another ramper
you paid how much on an order 3.50 spiked and spliced
rookie mistake you’ll be underwater even more once placing price is
announced
Amateur
PJ
When a rise is ramped and fuelled by traders when the traders
leave volume will drop off along with the price no timeline given
for next stage results could be weeks and may not confirm what company
had said so anyone surprised that SP will drop hasn’t considered this along with
if they’re agreed a low ball price for placing they’ll need to SP down otherwise discount
will look overdone
PJ
Paging Neil
He’s out and sold left you holding
Well he was still ramping when it’s dropped into 2.00s so I guess he didn’t get
best price like I did in 3.20s
PJ
News has been priced in people bought in for this
Anyone buying now is chasing price on fomo rainbows
Guys still ramping this are just getting greedy now
PJ
I’m all out in the 3.00s thanks to the pumps by Neil and the crew
Don’t get spiked buyers
We await what price the funding round they need
Too many in profit here not to take them
Given factual information not wanton ramps
Find isn’t confirmed commercial volume we still await that then
whether it can actually be extracted which is the key here - very difficult to do
which is why so many of the projects have failed to extract even 1 cubic ft of helium
to date will that change?
It might or same factors come into play again
Sell on news buy in on rumour don’t get sucked into fomo
if you really want to buy in then there’s plenty of time once placing price
announced to market
PJ
Neil you KNOW they need to raise funds
F A C T
you can’t escape that and only pushing only positives here is for your own selfish reasons
It’s NOT confirmed commercial so don’t lie
You’re great at ramping but don’t mislead because you want to sell out
there will be many getting spiked here if they chase the price up
Pattern will be chase, spike, sell, drop then drift, placing at big discount, drop and drift under placing
exact same pattern that allowed you to buy in at 0.19 and me
PJ
Well Neil that’s not true and as you’ve said numerous times you know nowt
about this sector
it has not been confirmed commercial these results gone for testing need to be confirmed independently that will
take a few weeks and may nor indeed be confirmed
There’s many steps to that yet mate and many factors to consider
At this point there’s a possibility BUT they will use this period to raise and ii don’t
like uncertainty the market knows they must get funds just for working capital and lights on
so like last time. ii will expect a heavy discount price to supply what they need
PJ
It may make Neil rich who bought in at 0.19 and those that have traded
but will it make those buying now rich there’s a huge differential to paying
higher than closing and what the profit will be between any rise in share price
Buy on rumour and sell on news so those coming in now won’t see the same
levels that those madly screaming on here will see they will use new buyers to get out or
slice
Time to be in was before the news and before sentiment drops as reality dawns that
dilution is coming here next few days and they still need to confirm commercial and importantly
that it can actually be extracted
Sell, let price settle after all the manic behaviour on here to the moon garbage then await the
placing price and buy back below. Anyone rushing to buy here this am will be spiked on
getting carried away as holders already will take the profits
PJ
It hasn’t been confirmed commercial don’t mislead these are initial
evaluations
‘the Company has collected duplicate samples where possible, and these will be sent to a second laboratory for independent verification.’
ii will want a good discount in case as has happened in the last initial good results didn’t translate in the end
which is what happened to previous drills under DM but newbies who are now experts here
will gloss over this
Co has to be positive about this as they will be raising funds asap or won’t be in a position
not only to continue with this but as a company itself
Reality check
PJ
Results ok now sealing and plugging and evaluating but still not confirmed as commercial volume
Lots of positive things said so now they will strike to raise funds
because they’ve now run out of money to continue this project
They told you previously they only had cash to get this far
So question now is how much the discount for the placees
Expect a spike sell off for profits and as no timeline given (big clue to the raise coming)
a placing RNS by end of week
The company has no money and not a time to ignore that fact
PJ
MM trying it on now
Also 2 x 750k buys been filled now from this morning
Sellers you’re being mugged, left right and centre
Buyers will soak up any sells been NT to buy on off on off all am
PJ
Now MM have upped the bid and the ask
we look set to go and fully breakout now
PJ
Two big buys will tip this
if anyone can be given an actual buy quote
stand firm they’re quietly upping the bid side….
PJ
Are making it very hard to buy constant in auction no quotes
Next level gents please stop trying to hold it as they know they will
lose control once 1.40 is taken out
Only a matter of time and chart confirms this and also double checked
with a few of my Chartist mates and they confirm I’m right
PJ
Building up nicely then it will just go
MM are stepping it up they know they’ll get overwhelmed soon
once breached 1.40 that’s the signal to break free and off we go
PJ
Been constant NT on buy side and yet another confirmation
Bergen are officially out
They don’t need to tell us as they were under 3% weeks ago
Pressure on buy side is building for sure as no more floating stock available
L2 looks strong
PJ
Neil777 who’s created this new account today W777 to deramp here it
actually made me laugh out loud
What a suprise to find this newbie to LSE only posts on wait for it…
HE1 and ENET
What an absolute c*ckwomble he is
Amateur
PJ
NT to buy any volume again says it all
Wait for the buys to come through after auction
PJ