Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
i'd say it will go down to 0.01. Can't see why anyone thinks this is a long term hold. It's one of those get in low and sell on the next mini-spike shares.
Fair enough there is some upside but just to give a balanced view, at the end of June PREM had $1.2M in the bank and admin expenses alone are close to $3M a year. Factor in further exploration costs and there will be a need for further dilution soon. The sp could multibag in the near future but it is just as likely if not more that it will fall back to previous lows and GR will have no hesitation in issuing another billion or two in shares to raise further funds.
The main danger of investing in this share for the long term is that the company could eventually be worth £50M plus, but whats the use if by then you need the value to be closer to £500M just to breakeven as many longterm holders (pre-consolidation) will confirm.
" I would say another 3-600%+ at least from current levels"
Just out of curiosity, what makes this company worth £30-60M, especially given the level of dilution that has occurred in the last 12 months and the dilution that most likely will occur given the BOD past track record.
Jamesfinlay26- good luck with getting out of this. Just wait for the spike, it will come but predicting when it will occur and calling the bottom is the tricky part lol. Personally think the sp will fall to around 0.5p and will spike to just over 2.5p. After that it will be 0.2 to 1p, then 0.1 to 0.5p then another share consolidation. Would add lol at the end but this is my honest opinion. Basically can see the mcap falling to the £1M mark then spiking to £5M. Can't see why anyone would invest at a mcap of £5M considering there is little to no value in the company at present. And whatever value that can be argued is negated by the never ending dilution. Can't wait for the rampers to post now. I'll probably be accused of being paid to post, or trying to get myself a low price to buy in lol.
Lab testing was supposed to be done in Q1 2017 but was released in Q2. That's not too bad but ACP have also stated that they intend to increase the resource and commence pre-feasibility study in H1 2017. Doubt this will be done until late 2017 but will give benefit of the doubt. What I'm more interested in is the previous comment that once European testing comes back as positive, which according to today's RNS has happened, then they will make it a priority to start securing MOU's with potential European customers. The sp will not move on testing the samples. The market, by which I mean the average small investor, has wised up now and will not fall for the same shenanigans again. What's needed is clear progress and and a serious attempt at showing that the bod intend to create value from this latest play. This will only be possible by showing that they are working hard at getting a third party to buy the graphite that they will eventually produce. Anything else is just codswalllop.
When the sp can't even spike on a so called excellent RNS. Can see the sp drifting towards sub 1p in the next few weeks as there will be further updates for a while and most small investors are not prepared to buy in now when there is so little upside but there is certainly a lot of downside left. Firstly there is the constant danger of another significant dilution looming. ACP have stated they are fully funded until H2 2017. You can naively think that this could mean that they have the cash to last until December but most know this means there will be another placing coming up in June/July. Secondly the pace of progress is extremely slow. They are still in the testing small sample phase despite having started this project about 9 months ago. This wouldn't be much of a concern if the bod deferred their wages or setltled wages in shares but when they still want their 5 figure wage in cash at the end of each month then you would expect them to maybe pick up the pace a little unless their motive is to ride the gravy train for as long as possible. And thirdly the combination of the above 2 means that even if they do manage to prove up a massive resource and get the mcap into the tens of millions that doesn't necessarily mean a sp of 10p+. The sp will depend ultimately on how many shares are in circulation. If someone had invested at 0.1p pre-consolidation, they would need the sp at 15p now to break even or a mcap of around £75M. So even if the company had done everything that they said they would over the last 3 years, due to the severe dilution it would not generate any financial return to a lth. As it stands ACP have not created any value at all over the last 3 years, they have done the exact opposite of destroying 90-99% of any long term investment that any poor sod has put in
Is that there is no significant reward for stgr. Its basically £8M no matter how well bass do with graphite production or if graphite prices go through the roof over the next couple of days. Stgr gets $8m of shares in bass once production hits 1500tonnes over 3 consecutive months and then 2500 tonnes over the next 3 months. But the shares issued will be the average over the previous 20 days. If and when this does happen then it is most likely that bass' s sp will be significantly higher and will reflect the current production rate of about 800-900 tonnes per month or 12k tonnes a year. For stgr to make a significant return they would need bass to increase production further so the sp goes further. would have been better for stgr to have agreed a fixed prices for the shares that they are going to get in the future at least this way they would benefit from any upturn in the future graphite market. This is a risky share though. At current sp it is obviously undervalued if you take a long term view but on the other hand if you take a long term view then you also have to factor in the constant dilution that will also occur. In 3 years the shares in issue have tripled so would be fair to assume in the next 3 years it will at least double
Touch wood this is a premonition of whats going to happen once we take AMI's criminal bod to court.....
Bottomed out at 0.22p a few min ago and is now steadily rising. If this clears 0.3p then this could go far.
Paid 0.265p. Hope i dont get spiked, but got a feel this will fly today....
Have just sent proof of my shares, was a painfull experience looking at it but done and dusted. Am also happy with £150 contribution. If you havent already done so please send proof of holdings and lets take the theiving no good scums to court.
http://applebys-law.co.uk/professional-negligence/index.html?gclid=CJ3wmdjEj8QCFfQatAodRBsACw Maybe worth a go, just to see if they will take us. Would prefer if someone who is a bit more articulate and can put a strong case forward for us to give them a ring, but if not I'll give them a call. Even if they say no, theres plenty more firms out there. We all know whats going to happen, why wait for the final nail in the coffin...lets start the fight now!
got to say some of the rampers are so blatantly biased its not even funny. when theyre in it will be a ten bagger. when they have sold by some miraculous reason the sp has reached its peak lol. have seen a certain poster do it on a number of occasions. warning people of a spike can lose people profit but what i cant stand is the shameless ramping.
"Money has nothing to do with anyone liking anyone." Not getting involved in this but come on. We all know that's not true lol.
this is going back to under 1p. No reason for toadys rise under then its got china in its name