Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I can only presume because there is a $20mil share sale/capital raise happening. Its been going on since 60p and a lot around 1115/120 lvls. Once this is over - Bingo.. However after this interview, I would presume ThinkEquity will raise the selling price of the shares and raise all of the $20mil a lot quicker.
I've loaded up my order for tomorrow 118 Bid 2K worth..
Short term its 130. then 155ish. then usually double the breakout so 240/250
But thats purely on a technical basis, with news like this I think those levels dont really matter...
Normally, anything that could have a major affect on the SP , an RNS is normally issued.
Just like when the SP shoots up (or down) usually the CEO will come out and have to 'justify' the movement. E.G ODX
Its a bizarre interview IMHO, never seen one like this before.
A similar company sold for 2.8BIL and they are 40% better ?? KA-CHING.....
As. said yesterday, I'm still a bit sceptical why they have paid 15K a month increasing to 20K for this company to do the interview and promote it . Surely thats why you have a broker. ( to Promote and advise people to buy this stock. )
But anyhows we are on peoples Radar now..
I would guess, they want all the $20mil raised by EOM and this will help bump up the SP and fill the ATM orders.
Also if a bid approach is coming - I think this is the rule- said company will have to pay a 30% premium on the highest price they have paid for any share. .
We shall see Monday..
I thought this what their broker Is suppose to do, approach companies to get exposure and investments ?
Do anyone else think this seems a bit fishy, or is it because I cant believe my ears.. ??
Tiziana Life Sciences (TLSA) is a client of RedChip Companies, Inc. TLSA agreed to pay RedChip Companies, Inc. a $10,000 monthly cash fee, beginning in June 2020, increasing to $15,000 monthly in August 2020, and $20,000 monthly in October 2020, for RedChip investor awareness services.
Im shocked they have to pay that amount of money to get exposure ???
Is this so they can execute the ATM at a higher price - Are they trying to get people to ramp the SP ?
Never known of a company paying to give interviews before ..
Is this common ?
I can only imagine they drop it and fill the ATM.
The MM will be short themselves and a lower price gives them more profit.
the ATM shares... Thats what it look like to me..
Tom- Hedge your portfolio and buy shares in the online blackjack company you have been using .
*volitility would go up
Sry, the current ATM/ADS program is basically selling into this rally. I would say thats the priority, yes you are correct if they announce a cut off date etc.. That will affect the SP, volition would go up, at the moment he needs to raise cash, so kind of wants a steady SP. If it shot to 150 some PI would be getting out and the brokers need to sell X onto the market. it may crash to 100 and he didnt raise the cash wanted. So slow and steady, let them raise the cash needed. You know as soon as the cash is raised, the brokers won't sell the last block, they will keep that for themselves and will push the SP up ...
Thats a very 1 sided view only based on the SP. going up for speculative investors.
GC is running a company and wants to deliver a product to market, that will be his main focus. He needs cash and therefore needs a high SP to raise funds etc like he is doing at the moment.
The StemprintER project is still developing, the intention is a demerger with capital reduction, basically float another company and you will get shares it that. Remember the TOTAL value of your holding on demerger day should = the same as the day before .You will have shares in 2 compnaies, but the 2 companies will trade on their own and both be open to fluctuations in the future,
however I think GC has said it may well just be sold off directly, thus TILS will get lots of cash and we will see some of that.
The AGM is at the end of the week and Im sure it will be spoken about there and we will know more.
as long as its approved at the AGM on July 10.
There will be more Shares in circulation and more cash in the bank. The RNS even tells you how they will spend/allocate that money.
Prob on the phone trying to get the ATM to issue more shares, MM massively short and realise they cant hold it down :-)
There were a lot of people on here saying it was oversubscribed and they didnt get there allowed amount .
Someone said they ask for more and was surprised they got them. Someone said it was oversubscribed they didnt get their desired amounts. Someone said FINNCap shorted the book ?? Finncap advises companies of how much to raise and at what price to the market. -they take a fee for this. !!
I try to keep a balance view and post the facts, there are lot of people on here who dont seem to read RNS's
You were only allowed 1:20 - with an option for asking for more if the balance wasn't subscribed in full.
It wasn't oversubscribed the Majority (54%) didnt want them, so the leftovers went in the pot for the the others , and was gladly taken up by the minority
This could be as people cancelled their OO and bought direct yesterday at 40 or below, like me.
I think we are all on the same page, a certain few just seem to twist the info, and only look at 1 sentence. thats all I was trying to point out.
I would also like to point out yesterday I clearly stated today would be blue and we would close at 42p, so far so good. GLA
READ the RNS, no wonder so many people get disillusioned on here And the amount of twisted info.
Only 54% of the people allowed to participate in the OO did so. The remain shares where taken up by people asking for an extra amount. Thats why it couldn't be satisfied .
The Company has received valid acceptances from Qualifying Shareholders in respect of their Basic Entitlements in respect of 4,089,048 New Ordinary Shares, representing approximately 54 per cent. of the Open Offer Shares. In addition, the Company has received applications from Qualifying Shareholders under the Excess Application Facility in respect of 6,138,510 New Ordinary Shares, representing approximately 82 per cent. of the Open Offer Shares. Accordingly, Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlements.
Probably Zero Davde, as 1. PI's havent got the confirmation of the OO shares they've applied for
2. If the guess they will get them, they are tradable from July 13, so you could put a spread bet on to lock in your profit - very risky and high margin
3. You get a 1:20 ratio - Lets say average investor has 5000 shares. So they get the chance to buy 250 more shares at 40p so thats £100cost . Is it worth it ?
Well we will see tomorrow. If it doesn't, its not a major issue as it less cash/less shares in circulation . they have sort of budgeted for the OO not to be fully taken up. I read it as- its a bonus, we aren't really bothered. The fact that the larger placings were over subscribed and the directors got involved is V positive.
People need to ask : Are people buying the OO to make a quick buck ? Or are they doing it to invest in the longer term etc etc
Also Imagine if they didnt offer current holders the OO - there would be uproar. All those people that had bought above 40p just to see ODX issue shares at a 27% discount ! Its not great, so they had to do it.
They have given us a time frame of End of Aug to be producing 200K a week, until then you just have to sit still and wait this out.
I believe tomorrow, will be a blue day . closing around 42p
Block16legend
Did you not read the RNS from June 19 ? I suggest you read it. EVERYONE please read it .
I have already posted this today, The OO was so current investors could have the chance to buy at 40p as per the placing price.
UPTO 7.5mil. are available via the OO- so thats the maximum they can issue, if its not taken up.. Oh well ODX gets less cash (and less shares in circulation) . The placing of all the other shares has happened.
Directors have bought some of the placing 50, 000
Placing of 19,950,000 New Ordinary Shares at 40 pence per share,
Subscription of 50,000 New Ordinary Shares at 40 pence per share
and Open Offer of UPTO 7,531,100 New Ordinary Shares at 40 pence per share
http://www.omegadiagnostics.com/Portals/0/ODX%20Fundraising%20RNS%20%2819_06_20%29.pdf
• Open Offer of up to 7,531,100 New Ordinary Shares (“Open Offer Shares”) for Qualifying Shareholders on the basis of 1 New Ordinary Share for every 20 Existing Ordinary Shares held (with excess application facility) to raise up to £3.01 million.
:-). I hope he bought back in at 100p. as lots of people advised him...
Im not sure, I think the ATM are being done at the moment on AIM. Hence why the SP is moving up a lot slower here.
There is more to buy on AIM compared to NASDAQ
It embarrassing for the broker not being able to sell at 120 when NASDAQ shares are crossing higher..