Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
https://simplywall.st/news/do-institutions-own-premier-oil-plc-lonpmo-shares/
From July but interesting. PIs own just 24% of PMO. IIs own 75%, and PMO staff 1%. I am sure the IIs will take up their RI allotment so it's unlikely that the RI will fail, imo.
Motley are as their title suggests, but I wouldn't put Malcy in the same basket.
Did anyone read Malcy's blog yesterday on PMO? He was actually quite optimistic for Premier's future, and reiterated what a well-run company it is compared to many of its peers.
https://www.malcysblog.com/2020/08/oil-price-union-jack-reabold-premier-block-and-finally/
TCF, maybe, but I really hope you're wrong this time!
There's one thing we can all be sure of, that any RI will not be above the current sp! Surely it is getting to the stage where it will be impossible for them to do. Asking hammered PIs to cough up more cash having lost shedloads already seems a bit naive to me.
I don't think most of the oil sector dropped 25% today though!
Awww.....don't be too hard on him! He lost nearly £150k today!! Poor chap.....
Don't forget that TD has 1.75m shares, so he's not going to be impressed with the current sp! Poor chap.......
She's far more likely to tempt me SK.
Looks like Olivia has been on the Red Bull before lunch. Looking to visit $46 soon..........hopefully PMO will respond accordingly, but you never know. Still, unlikely to go down eh?
Does it matter? His ramblings won't influence either one iota.
....seems to have at last noted the large draws recently. Onwards and upwards. Currently $45.09 as I type.
If that were the case ARCM would have bought them, and given them back to whomever they borrowed them from, not sold them.
Decent draw.
Mucho in agreement SK.
Me too Potty. Having vowed never to invest in AIM again after SOLO, Aminex, Avanti, I inexplicably got hooked up into 88e, and lost £9.6k. Never again.
Oh, I'm sure some will SMW!
I keep seeing posts suggesting that any upcoming RI will mean dilution and a drop in the sp, but why? This equity raise is for assets, not exploration or to pay the salaries of directors as in some AIM company. Those assets have a value, and also an immediate income. That value will at least keep the sp the same, if not increase it, since the cash flow from those assets will enable a more rapid pay-down of debt. I, for one, am not particularly worried about any RI.
US debt : Foreign: $6.78 trillion (in Febuary 2020, Japan owned $1.27 trillion and China owned $1.09 trillion of U.S. debt, which is more than a third of foreign holdings)4? Federal Reserve: $8 trillion. Mutual funds: $2.17 trillion.
Don't think China will be writing that off any time soon!!
"smug"