Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The CFO, Mark Fautley, has bought £10k's worth at 115.83p today.
A show of great confidence by senior management that this is heavily undervalued after today's drop.
I appreciate the communication of SA. The concern in the short term is that the share price will drift further, with no immediate news on the horizon. SA has stated in the past that he doesn't want SBTX to be a new-driven company, however that is usually how AIM companies increase their share price.
An RNS with AxisBiotix sales updates and/or progress with Croda, which the Full Year Results (30 November) about which SA stated "Sederma has progressed the scale-up of lysate manufacture .. in anticipation of sales in 2022."
As for "I am forbidden from commenting on forecasts and indeed am unable to provide them to the market.". The simple question: why "unable"? Is there an NDA? If so which company would the NDA be signed about AxisBiotix sale details?
"Newfoundland and Labrador is reducing the isolation period for fully vaccinated residents who test positive for COVID-19 to seven days from 10 days."
The contractors who have been self isolating should now be able to work at the Ming mine site, as early as yesterday (Saturday).
https://atlantic.ctvnews.ca/newfoundland-and-labrador-reduces-covid-19-isolation-time-to-seven-days-1.5731946
It's interesting to see that West Face's CEO, Gregory Boland, has purchased Rambler shares giving him 3.3% total voting rights. This, after West Face sold shares, and their 6.95% voting rights. This handover of voting rights occurred on 15th December, when the share price was around 32p.
Adding to the puzzlement is that Tyndall Investment Management increased their holding Friday 10th December, from 6.1% to 7.9% (14th December RNS). And yet, the share price has fallen from 42.5p on the 10th to 36p today.
All the while, the share price is up 11.75% to 35.2p. Let's hope this is the start of a prolonged, steady rise back to the 50/60p region lifted by news of clearing the hedge and the 4 stopes scheduled to be opened this month. My guess is that Rambler are already producing 1,350 tonnes of 2% copper per day, with the 2 producing stopes. We're still awaiting gold assay results, too.
After the pull back from the recent 44p share price, and with the conservative calculations done by others of £1.50 per share in 12 months, I believe there will be a sustained move back to mid 50s in the next week or two with 60+ going into the start of January. We are over the hill. Day traders are in for the 10% +/-. Investors in this Rambler story who got in below 60p are in for a life changing share price rise.
Since closing the finance last week, two further jobs have been posted:
https://ramblermines.com/careers.php
I assume this coincides with the imminent production from the 2nd stope later this month.
The 2nd RNS has a great line:
"We look forward to crystallising our improving performance into positive cashflow at the end of 2021 from which all of our stakeholders will benefit."
Rambler are continuing to scale up job recruitment. Four adverts currently, all with just a 1 week application deadline:
https://ramblermines.com/careers.php
The protracted process of closing finance isn't hindering their recruitment focus to continue the underground development of Ming Mine, which is encouraging.
This is just the warrants they were issued about 14th July. See the RNS on 9th July. 8,131,810 shares issued to West Face, with 117,021,588 now in issue (hence today's holding of 6.95%).
It may have been West Face who have been selling these shares between 15th July and 20th, hence the drop.
From Longboat's RNS today:
The Company also announces that it has executed farm-in agreements with Equinor Energy AS ("Equinor") and Spirit Energy Norway AS ("Spirit") with a third transaction anticipated to be executed imminently (collectively the "Farm-Ins" or the "Transactions").
As Longboat are focused on the North Sea, Is the serenity farm out their "transaction 3" in the RNS? Longboat's working interest would be 10%, 36MMboe prospective reserves, 55% chance of success, expected drill date Q4 2021.
https://www.lse.co.uk/rns/LBE/fundraising-and-admission-9i2hk1soi9hmvq9.html
With the 0.1p per share ex-dividend date of 24th December, and a payment date of 12th January, might this stock attract day traders between now and 24th December who want to take advantage of the dividend payout?
"Resolution 1: Cancellation of admission of the Ordinary Shares to trading on AIM - Under the AIM Rules, it is requirement that the Cancellation must be approved by not less than 75 per cent. of votes cast by Shareholders at a General Meeting of the Company."
However...
"The Company has received irrevocable undertakings from, Samantha Esqulant, John Gunn and Nilesh Jagatia to vote or procure votes in favour of the Resolutions in respect of, in aggregate, 302,994,931 Ordinary Shares, representing approximately 53 per cent. of the entire issued share capital of the Company as at the Last Practicable Date. Accordingly, given the irrevocable undertakings to vote in favour of the Resolutions received, the Directors believe that it is likely that the Resolutions will be passed at the Annual General Meeting."
53% is some way from 75%. How likely is it that AIM cancellation will be approved with the required 75% majority?