I recently ran some numbers on PAF, and they broadly agree with Digital Look. Namely - Expected numbers from PAF for full year (assuming POG, production etc etc) will leave PAF trading at about P/E 8. Which is about right. Check out the figures, compare to the Trading Update - you'll see what I mean. Obviously if POG shoots up ($1380 as I type) then you must revise these numbers up. And what is most pertinent is that this will be a major boost to PROFIT and only a minor boost to TURNOVER. Every $1 POG goes up is pure pre-tax profit for PAF. POG up by $1 = $200,000+ Pre Tax profit. (obviously opposite applies). POG up by $100 = $20,000,000+ Pre Tax profit. So - Edison may be right, if POG shoots up!! But i disagree with them at yesterdays numbers
13 Mar '14
Totally agree with you Affe re. Edison, however after filtering the hype, there is still some useful info in the report. With the increasing gold price having little effect on SP, I am finding it difficult to get a perspective on PAF.
13 Mar '14
RE: Target Price
Edison are snake oil salesmen. Paid for by the company. I have seen them print so much bull**** over the years that i immediately discount anything they say. Sorry, but it's the truth.
11 Mar '14
Edison rates PAF at 24.25p . 10 page report available on Share Profit site , interesting read ,although paid for by PAF. Comparison with other African miners makes this look rediculously cheap.
3 Mar '14
RE: O/T Observingmen/Salz
Lol, you were spot on about POG! I think today shows that if gold is flying, risk perception is soon forgotten. PAF is up and ABG is nearly the top riser today - despite their all-in costs being in the asteroid mining bracket. AAZ have no gold, PGD have no gold, PAF have a good mine in Barberton & Evander will become viable if gold continues upwards. Personally, the dark continent is no longer for me. My good friend Salz would doubtless agree were he not busy with the new spring collection.
2 Mar '14
I feel Ukraine situation will send gold on a short term bull run - any thoughts on gold miners sans geo-political risk? PGD/POG/AAZ/PAF all off limits for me in this context.
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