Johandesilva
13 May 2017
Re: Just noticed.. The spread at top of iii has been broken for months. Spread between half and quarter of a pence.
Muzzletoff
12 May 2017
Just noticed.. a 5p spread on the price today between 15 sell & 20p buy.Seems vaguely ridiculous on a stock that usually has healthy volumes.
Johandesilva
12 May 2017
Re: Why funds will choose PAF on the way... Gold looks to have bottomed out. Perhaps more imminent upside in gold stocks that fell like HGM, however PAF looks better on a long term view as we require no funding for growth. Hope to take some profit around 25p mark at some point this year subject to baring in mind the high dividend here.Also good to see government funds are invested here. I can not see mines being taken private.
Johandesilva
03 May 2017
Re: Why funds will choose PAF on the way up ...sorry had to add a number 5 after comparing with some other mid-caps:1. Highest dividend yield2. 25% growth in production through Eikhulu Tailings Project3. Eikhulu Tailings Project reducing average all-in-costs4. Major downtime hopefully behind reducing cash costs again.5. Extremely long life of main projects / No large CAPAX required for 15+ years with Eikhulu funded.
Johandesilva
03 May 2017
Re: Why funds will choose PAF on the way... Also when ETF and funds sell like this the gold price is shorted in the days afterwards. Hence why gold has fallen to less than $1250. The institutions are doing really well.I am still riding this wave having reduced last week. Running a small loss. Patience required and no need to average down.
Johandesilva
03 May 2017
Re: Why funds will choose PAF on the way... "I don't fully understand why PAF is falling to these sort of lows"---From a 6 month view PAF has fallen a massive 26% (perhaps down to a mix of politics and downtime in underground operations) but on a 3 month view we have held really well as other larger miners are currently seeing losses of 20% while PAF is down 4% but paid out a dividend.You can track the junior market with these funds showing near yearly lows:[link] is not the best mining company in the world, far from it see HGM exceptional growth and low risk operations. But as a growth stock, turnaround stock and income stock this is a good risk reward bet IMHO...when will we see a rise? The price of gold is down and forecasters are unsure about this month the hot money left a few days ago. Trump to unveil proposal for slashing corporate tax rate to 15% may see the hot money already invested away (waiting to come back). PI's to gamble at a bottom or near abouts in gold miners.Hot money will back. No idea when and usually when we least expect it I am not one of these who jump on the gold will sky rocket wagon. $1200 - $1300 range would be bullish enough for me.
Muzzletoff
03 May 2017
Re: Why funds will choose PAF on the way up Hope this is true. There seems to be growing talk of a boom in Gold, and Gold prices haven't decreased by that much, so I don't fully understand why PAF is falling to these sort of lows (SA politics aside).Of course the market does not always act rationally, and throws up mispriced opportunities. Unfortunately for me every time I try to average down, it sinks a bit further
Johandesilva
03 May 2017
Why funds will choose PAF on the way up Record gold mining ETF sell-off since last Friday. Just waiting for the stragglers to sell mining stocks. On the way up I believe PAF will provide ETF, funds and private investors with growth and dividends not offered by any other miner currently:1. Highest dividend yield2. 25% growth in production through Eikhulu Tailings Project3. Eikhulu Tailings Project reducing average all-in-costs4. Major downtime hopefully behind reducing costs
Larry_the_Lock
28 Apr 2017
RNS [link]
Johandesilva
28 Apr 2017
Re: Normal production resumes Would have been nice if they had told shareholders via an RNS.
tasagil
27 Apr 2017
Normal production resumes [link]
Andy Reilly
26 Apr 2017
Re: Probably a good thing With the likes of Zuma clinging on in SA (and all the associated problems), the 'political risk' unfortunately remains very real, BUT sentiment towards gold is rather febrile anyway, so it will be a bumpy old ride! Twas ever thus, sadly - ATB
Johandesilva
26 Apr 2017
Re: Probably a good thing "Unfortunately, I don't think the Zuma effect is helping the perception of SA based stocks."--Today drop may be down to the political news today but also the sector fell a tiny bit this morning.
Johandesilva
18 Apr 2017
Re: ii buyer RNS came in. It is Allan Gray Unit Trust Management Ltd, who had held 7% now upto 8%
Johandesilva
18 Apr 2017
ii buyer I think an institutional buyer has played a hand today...15.5p 836,668£129,684...resulted in a flurry of buying upto 16p.
