Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Good idea. To my delight this is shortable... Seems to good an opportunity to miss. Tgis share isn't doing anything except pay its board, cash prob circa 11 million so really should be trading at 2.0-2.5p on fundamentals
To me, this is again another closing of the door for the retail investor to the city. Say you have £300, going long on usd/jpy at the moment is a fairly good bet. However, you can get intraday swings of 100pips downwards, the broad direction is up. So the guy with his £70 deposit doesn't get margin called pre-implementation, but the guy post-implementation does. Consequence? Only those that can afford to lock in £600+ stand a chance to play on £1/point. Perhaps they are the only ones who should? But it just seems more 'little guys' don't get to participate any more.
corlis I snorted aloud at that comment.... Zak Mir does not know his stuff, it has been peddling woeful technical analysis on illiquid stocks for years, if you had followed all his charting tips you would be comfortably down in your portfolio.. He's a PI darling because he says buy on every stock and gives soft paid-for interviews with non-cash generative AIM dogs.
@Justafewquid fair enough, you banked profit, can't knock that. I think you're going to be missing out short to mid term. I can't see the £ rallying hard vs dollar any time soon and PoO is only on one trajectory in the mid term (up). It's funny money atm out there with low rates and USD money buying up the FTSE but some solid numbers tomorrow (which I expect from the lower cable rate and increased PoO ) this could sail up towards 600 PDQ.
It's never the bottom with TRP. Back in my naive days I got a huge hit on this with the Namibia drill. It's a cycle Ramp -> placing -> drill -> plug and abandon -> consolidate -> repeat. It will only end once they can't raise money through placings any more and the nomad walks. Dog share.
Can't see that this decade. When this was £26 it was achieving fair value. We're well past that point now. Tbh this is only a short term trade betting on profit taking on any macro wobbles for a few percentage points.
I can see this rising ahead of the Fed minutes this Friday to 900+, perhaps even higher if the tone is dovish. I pressed sell rather than buy on the dip yesterday in error. Fairly sour about that... had to take a hit at the open and switch to long this morning.