Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Now that's the kind of thing I like to read on a Monday morning.
I wonder if someone could help me to understand what they mean when they refer to the warrants? Do I interpret it correctly when they say the dilution has been fully factored in, that just means that in terms of planning etc they assume they will be exercised? Or does it mean that the figure of 240m shares 'issued' actually includes those figures?
I seem to remember that long term holders on this board covered over 10% so 35% + is a fair estimate of tightly held shares. I certainly kept buying on dips, more than I initially intended but feeling much more secure now TT is proven.
well someone certainly is - there are still very large chunks going through today and yesterday. That's part of what makes this rise so interesting, it isnt happening because we're "done" with large sellers, they are just being swamped by greater demand.
You may not be, but I and others are. It may not affect our investment decisions, but it is still a part of the background picture and relieves basic curiosity as to what positions some people hold when they post.
It also is a message of positivity, even though the share is 4.5 times the price of his average holding know it is still worth buying more. That's just another way of saying the same thing many here say about the future of this.
Hi Wacky,
Are you suggesting/suspecting that it is Paul and the others selling out to keep the price low until its ready?
I fully understand tight lips until its ready, but surely any person who really believes this will hit the roof would be losing huge sums with these sells to keep a price artificially low. The only immediate thing that occurs is some form of shenanigans in which they need the price to spike at a particular point, but plan to sell out before the projects reach finality. Even then it doesn't make much sense. The same would be achieved with an early spike and ordinary ebbs and flows until that point.
Really, what scheme or plan would ever need the share price to stay low absent some grant or award available only to micro cap companies?
it is the large chunks that I find so odd. Small trades are easily day traders looking for small profits and moving on. But a person or some people have invested really quite significant sums that are being sold off at a very strange time. Why invest that much if not because the company has been researched thoroughly and the large potential has been seen?
I also wonder if it is nothing more than a reflection of the prudent cash preservation approach. Keeping a lid on spending, including marketing, has helped us rode out these delays.
From the perspective of large holders who do not plan to sell until the end, a steady rise towards the end would be nice but would make no tangible difference. It gives one a sense of comfort to see the value grow and may allow derisking sooner, but thats it. When there are successes we won't have to worry about word spreading, but if we did then marketing would be money well spent at that point.
I share the sense of frustration that this isn't moving but I don't see that I gain anything other than having that relieved by an early rise. On the contrary there are gains to be had from this. As mk111 has suggested, there is a potential tactical advantage. I feel that may be lessened if it was publicly acknowledged as objectors would point to it to paint prd as a disingenuous unreliable co. With the share price low I have been able to buy much more than I otherwise could have. I may be at a limit but I could dribble in still.
If the price rose on investor sentiment, I could add less, but it would also likely have periodic substantial falls pre news. That adds a different stress and may tempt people to shrink their holding for fear someone knows something when it is just foibles of investors. The small changes we see now are really pretty stable.
It is of course possible to wish someone all the best for things that have already happened but that they do not yet know about. I suppose wishing them all the best going forward may be a little mean by saying I don't hope that those unknown results are good but I hope you do well in future tests...
The 11K of purchases pushed the ask up, maybe they then read my messages. Someone seems to have sold a small amount over 3.5 and everyone's had to admit that they would give more than 3.2p really. More sensible spread on the headline figures now.
Honestly I dont have the time or inclination to try and unravel all the half truths and misleading information in that either.
One simple and obvious point which shows how questionable it all is: Why would anyone expect that they had been given assurance of funding into 2022 when the assurance was for 12 months post merger? The merger by way of share swaps has already taken place. 12 months from then is late 2021. That is well into 2021.
If Muggins is misreading or misapplying such simple statements, what else has he got wrong in that tangle?
Even though I had registered already I have had to re-enter my registration details to get through to the video screen for the webinar. It looks like that page alone won't refresh or change when 2pm hits
If I recall, deepmind was part of the inspiration for the name deepverge
That's the spirit!
https://www.bbc.co.uk/news/health-55061543
He also told MPs he would like to see the diagnostic capacity built for Covid used to test for other illnesses like flu once the pandemic had passed.
The UK now has the capacity to carry out over 500,000 tests a day, with new labs to be opened next year to double that number.
He said he wanted to see the "global-scale diagnostics capability" continued to be used.
"Afterwards we must use it, not just for coronavirus, but everything," he told MPs.