Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
over 108% rise today now! 0.94
Is that the most likely leak? so to speak lol
Agreed actually. Hell, I'm sticking another few K here.... This has got a long way to go yet. RNS tonight / tomorrow - if there's a leak then it needs to be announced soon!
Is this just a spike? I've been burnt too many times in AIM to believe this is "just the beginning"..... without an RNS, I'm not convinced.
That's insane! I'm scourering the web / twitter trying to find out what's about to pop! Must be good news!
..... someone big knows something!
keeps on ticking up... can't take my eyes off of it - 0.8 now
is that on twitter or something?
great what's happening here. I'm going to top up again if we break 1p today. Might start to finally get some decent volume
I've bought in today at just above 0.9 - my first purchase of AFCR. I'd been mulling it over for a while, but previously deciding to pour cash into PREM instead. Happy times :)
It's fairly strange of you to jump to the conclusion that those unverified are liars. I myself hold a mere 30k shareholding with average price of 0.4 - so I stand to lose nothing and therefore cannot be bothered to go through the ball-ache of verification. For what it's worth, and from what I understand of the situ, I can see this being a long term 'winner'.
I think an nugget of calm and serenity would be welcomed here, it's very easy to overreact and jump on the nearest bandwagon heading into the sunset - especially when our own wealth is at stake. I'm not sure what this supposed info release will detail next week, if indeed there is to be one. And the same for how credible this chat with the Head of Investor Relations is. However, I'd like to reiterate my point from a week or so ago that a d4e would not benefit a Bank when the vast majority of assets are intangible (and thus have little to no re-sale value (as far as a Bank is concerned - we like bricks and mortar!)). If the Bank felt HIBU was a dead donkey and thus needed to recall debt, they'd surely send it into receivership. To take over ownership and appoint their own management / presence on the board wouldn't be cost -effective and probably wouldn't have the right expertise. If the Bank felt HIBU was salvageable, they'd leave the equity alone (or take a portion of it), refinance the debt, hike the price up, insert strict control measures into the financing agreements and sit back. Why would a Bank take on (especially after the recent crash of European Banks) a risky asset of this size. - another point to consider is that I imagine there are various lenders here, so there won't be one Bank running the show, thus no actual control for one entity. If MP is 'winning awards' etc. then there's little reason to doubt his credibility and we/they should allow the turn around to continue. MY OPINION would be to refinance the debt, reduce 7% debt, and take a 15% equity holding... hike the lending price up, discuss options of deferred or lower repayments to free up cash flow, and deploy strict quarterly reporting. But we'll see. Fun and games.
also, what's the likelihood of this company posting a profit when the latest financials are released?
Im looking to buy in here. Ticker on the LSE and in Amsterdam - any preference?
It worries the crap out of me when I don't hear a peep from anyone. Nothing from creditors, nothing from shareholders other than educated guesses, and zip from the market. Rumours = a plan brewing. No chat at all smacks of 'what the hell do we do here?'. If we all buy together, I wonder what'd happen :)
- I probably should introduce myself by the way... I'm a casual investor working for a Bank in the City of London. I hold 5k HIBU shares with an average sp of 0.3 - I'm hoping for a decent profit, and tempted to buy more.... I like a risky asset.
From a lenders perspective, I'd be tempted to refinance and hike the price up... why would I want to take over the ownership and have to put my own time and effort into something when I've got less expertise than (you'd hope) the current board do. Price up, controls written into the agreement, and watch the income roll in.