Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The mms are there to make money not think if the stock i great or not, this is a small float so they want volatility and some traders took profit on the Rns news today. The mms move the price to where they get two way business both buying and selling. Its oversold sold so it should move up tomorrow depending on volume. Its all part of the mms games and alot of inexperienced investors fall for their games. I fell for the hype knowing full well from the chart that it should retrace before moving up, but with 3 billion barrels of oil in play and with a small float, it seems like a great investment.
I should mention trading strategies more though, whilst people were hyping this to 10p i looked at the chart and thought its got to come down to 2.90p on the Fib retracement before it goes up again, i plotted it on my chart last night and did i take my own advice, no, but it should bounce within the week. Small float, plenty of interest and the mms know it.
When you educate yourself then you will know and say, Arrhhhh, i seee. We are not your tutors. You must have some other reason for being here.
Gambier, we are not your tutors, you'll have to educate yourself also.
Gambier, If you dont know anything, then why comment.
''Prospective resources have been calculated on three prospects: Global's primary structure, Gemsbok, as well as Dik-Dik and Lion. A total of 3.66 billion bbls of unrisked gross technical prospective resources (Best Estimate) has been estimated in the Blocks. Global holds a working interest of 85% and is operator for the Licence.'' and its down?