Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Strategy and Outlook
The Board is in the process of finalising a strategic review and the optimum way to develop the opportunities that are available to the Company. I anticipate that we will be in a position to announce our future direction during the course of Quarter 1, 2019.
Given size most prob better to close it down and distribute proceeds given NAV at 8p and share price at circa 3p
by my records 377,654 shares x 2.53 = £955,465. This needs to be checked...... NAV must be north of 11.5p versus 6.5p to buy
Up to £2! That 48 % today. Helps Pebi position......at last
Summ up 71% on Nasdaq !
Summ up 71% on Nasdaq !
agreed. I worked out the PEBI net asset value to be around 11pence now Interesting that Regent bought more shares in DBC at a price of £23. Small beer for our holding but every bit helps. In short action here depends on JM.
At these prices might be worth taking private!
Great information, thanks for the research.
Actually Pebi is pretty good! Ple on the rise again, Summit about to announce re C Difficile and Magna Biopharma Fund has a good two year track record. Plus NAV payout 12 months ago. Have to say I do like the idea of joining with KUL! These companies need scale to be noticed.
Good to see non-exec share purchase (again). After sitting on the sidelines for a while decided to jump in. Good luck!
Look at the rns from 6/2 third paragraph. It is 2/6 today and this was actually done on 6/2! i.e. Old news!
Got it - it relates to 6th February 2015 tender offer!
just seen it - very odd given the price!
Looks like Mr lee has topped up again with 400k shares. Have to say a bit confused by this?
I get the impression we are being offered circa 8p for the holding. Do you know how many shares we own in MBIF and price today? I thought we had purchased 324,174 at €10. The price seems to be at €13.50 approx.?
Timely purchase by Mr Lee!!
Tweet from JM - plans (for pebi) will be revealed in due course...Magna has done brilliantly...good team
Looking good!
We should hear pretty soon about the "lock in" outcome. The last RNS mentioned end of month timescale for October......