Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I never really understand how prices are arrived at for capital raisings, however, could the recent strength in price be IIs positioning themselves ahead of the raise - either we an eye to participating or having knowledge of the likely price. I have no idea myself but know that the company would not have undertaken any equity offering in the recent 2-3 p range.
HZM are not known for being overly bullish - they tend to take a more pragmatic approach. With this in mind, they mentioned that there is a possibility that financing might be delayed - i think that is them hedging their bets - i still think they expect to complete financing within the original timeframe - end of q2 into q3.