Andy Reilly
19 Oct 2016
Great mention for PAF... ...in this piece on iii today:[link] hope it leads more PIs to take a closer look at PAF and consider buying. If the SP can make a higher high than the early August 24.5p high then the SP could break out very nicely. All of which would look much more likely if gold can continue its recovery, so I wont get too bullish just yet, and wait for confirmation.
Taddish
17 Oct 2016
Re: Gold price manipulation Confirms my last post ... negative real interest rates wll prevail for longer.[link]
Taddish
07 Oct 2016
Re: Gold price manipulation When viewed in £sterling the gold price chart still looks in good health.[link] miners listed on the UK stock exchange and valued in £ sterling will also benefit from recent currency weakness. I also think that in the medium term sterling will contunue to be weak, whereas gold is likely to recover. The huge sovereign debt burden can only be addressed through inflation whilst keeping interest rates below inflation. Hence currencies will loose real value in terms of purchasing power. Precious metals will soon recover. Central banks through QE have been trying to create inflation. It's their key policy. Tad
Taddish
07 Oct 2016
Re: Gold price manipulation Key factors I think that influence PAF SP:-$ gold price falling ..... Negative£/$ ratio falling .... PositiveLow prospective PE .... Positive4.5% dividend within 10 weeks .... PositiveRisks to global economy still there .... PositiveStrong hold for meTad
shugg1e
06 Oct 2016
Re: Gold price manipulation Freefall to $1210-1220 area not sure how PAF will do but if you look at last time gold was that level June 1st PAF were at 14pso there is an idea
Larry_the_Lock
06 Oct 2016
Re: Gold price manipulation PAF is holding up but concerned about gold trajectory at the moment
Taddish
06 Oct 2016
Directors buying Yesterday again
rumrunner
05 Oct 2016
Re: Gold price manipulation I was fully expecting a bigger fall in the share price following the drop in price of gold but PAF is holding up well. Always read your posts Andy Reilly with interest. Wish I had taken your advice on Alexander Mining many years ago and sold then.
Andy Reilly
04 Oct 2016
Re: Gold price manipulation T - well gold is having a big wobble, but hopefully a temporary set back. Frustrating as it will take a bit of time to recover, and lets hope it does -
Taddish
04 Oct 2016
Re: Gold price manipulation Bang - they've done it again. Timely hawking comments from the US Fed intended to expect an interest rate rise (bearish for gold). No doubt orchestrated shorting on the paper Comex market started shortly after 1pm UK time and drove the gold price down $25/oz in 90 minutes.Cool heads now - buying/adding opportunity coming up once things have settled. The rising supporting trend line has been well and truely broken, so gold could go lower again. Tad
Taddish
04 Oct 2016
Re: October/banking crisis? Hi Andy, European Banks look extremely vulnerable, Italian as well as Deutsche. Riots in Greece against austerity. Meanwhile, UK stockmarkets are getting a boost from Brexit announcements and a weakening £sterling, so anything that sells in US$ and whose company is valued in £sterling is likely to rise. PM miners are one such sector, but the $ gold price is soft and barely hanging on to it's medium term support. So the next few days action on $gold price will be important for miners.Interestingly Highland Gold have and still are rocketing up following H1 2016 results. Ex div date is 21-Oct so that should help to keep SP up. Some director buying of PAF shares on the open market is encouraging, but ex-div date is into Dec, not so close. not selling any though. For stockmarkets generally though, it seems that bad economic news is good for the markets as it means low interest rates and QE for longer. And theyre likely to disregard the golobal systemic risks ... til the day it all goes pear shaped. Tad
Andy Reilly
30 Sep 2016
October/banking crisis? I wonder if gold will get more of a boost from growing concerns that German banks may provide another nasty after shock from the banking crisis of 2007/8. Its not doing too badly at the moment and PAF is making more progress too.October has seen some of the worst market falls for some strange reason, but the fears may just evaporate on the other hand - its always hard to tell when markets get nervy. There is certainly a slightly odd feeling right now.... We shall see, but have a good weekend anyway!
shugg1e
27 Sep 2016
Re: Share price comparison Yeah I'm scratching my head at Solomon gold with its £200m market cap about half PAFs and no mine or profit for years Then you have Anglo Asian with a £17m market cap and a consistent profit stream.It's crazy it's like whatever is flavour of the month
Taddish
27 Sep 2016
Gold price manipulation I mentioned last week to watch for institutions short selling in the 2 hour period between 12:30 and 2:30 UK time. It happened today. In 6 minutes starting 13
6, the gold price fell $6 from $1336 to $1330. Anyone wishing to cause a fall in the gold price will choose the quietest time ... when the far east are asleep, Europe is at lunch and before the US traders get to work. As usual it spooks the weak holders, triggers stop losses and the fall continued til 16:50 when the price had fallen to $1325. Hopefully we'll see a stron recovery before weekend.PAF was probably due a bout of profit taking after rising 4p in as many days. A pull back from 21.38 to 19.38 would be a 50% retracement.Tad
Taddish
27 Sep 2016
Re: share price Topalof, I used your figure of £26.4m to buy Shanduka shares. Maybe that's incorrect? Interesting to have the company confirmation. It does sound remarkably cheap.On the other gold miners you list - thanks for sharing this - I held some Centamin from mid 2009 but sold after a good bounce due to political concerns in Egypt. They have huge resources, low cost etc and the only concern I can see is political.I have some Highland Gold Mining shares. Latest H1 results are excellent and SP is rising close to recent 2016 high. Again good resources, low cost. Russian mines, therefore political concern but the company appear to have excellent relationships with authorities and banks. Marginally loss-making last two years but forecast for full year 2016 is PE 7.9 with 4.2% dividend. I sold out of AAZ as the gold price soured a couple of years ago. Limited resources, deteriorating and low grade surface mined ore, no long term confidence in the company. Bank of Azerbijan is very supportive but 12% royalties become payable when profits reach a certain stage, could be years away, so watch that.I'll check out the other 3Oh, and SHG seems to have turned a corner, they were recommended by iii along with PAF in an article a short time ago if I remember right - no divi but on a climb back having sorted a lot of issues. Have held some shares for over a year and just today sold out on technical signals. Hoping to buy back into SHG at a lower price.Tad
