May I draw PAF shareholders attention to the latest rumour in SA re Harmony and PAF. Interesting scenario as all speculative rumour is but the more interesting as its built round some facts re Allan Gray's shareholding in both?
RE: Beginning of The End? - Gold Fa..
Hi EF Can you show ur analysis matey - post a chart or summat showing the reasons for the levels ur quoting - be interested to see ;o] atvb bn.c
Beginning of The End? - Gold Fall
Just looking at the gold price this morning (XAUUSD 1085.77 @ 07:40 BST) looks like we may hit the short term double bottom from the 24th July today/tomorrow. My original estimate was minimum 1068 for bounce although it could be wildly oversold, charts are showing it should be 1070-1072. If it is a double bottom expecting strong bounce next week but then possibly up to 2 months for the longer term double bottom on the weekly. Would expect to see PAF shares around the 6-6.5 mark today/tomorrow, before recovery next week.
24 Jul '15
Allan Gray buying Harmony & PAF
Whilst many 'in gold' are selling, that hasn't stopped clients of Allan Gray Unit Trust Management increasing their stake in Harmony to 15.38% to become its biggest shareholder. Perhaps in order to not let PAF shareholders feel unwanted the same Allan Grey UTM has increased its holding in PAF on 22 July 2015 by a piddling 96,600 shares..........a few crumbs here, a few there. Their current holding of PAF is 7.003% which is down from 9.98% on 30 June 2014. Oh to be a fly on the wall of either camp!!
24 Jul '15
..to all unbiased PAF shareholders.
Fellow Shareholders of PAF, why not register on the .....miningmx.com website where you can read what is going on not only in PAF but other SA mining stocks/companies each morning for absolutely no cost!! A trawl through past articles is very interesting and they are written by people without anyone 'grinding their own axe' about PAF and others. Now who would that be? From this mornings email post Harmony would seem to be a target for a takeover whilst being many times bigger than PAF but whose capitalisation is only about twice that of PAF. Big is sometimes not beautiful as the daddy fly said to its son climbing up the rear legs of an elephant, " there, what did I tell you son, the bigger the legs the bigger the balls" A thorough read of a number of the articles will give you a good insight into the current situation in SA and also in the problems 'gold' is having worldwide as with other minerals. Keep the faith, September cometh!!!!
23 Jul '15
I think its great you posted the article, the point I was making was it is much easier to read on the website so it would have been better to point to it. I was going to write that but had an important phone call come in as I was typing. My main concern about harmony is that it has not had good union relations in the past and it looks like it is going to be a rough ride. PAF has always had relatively good union relations and pay negotiations in comparison. There isn't any new news in the article it's just a guy saying he thinks Harmony is undervalued compared to PAF, or PAF is overvalued compared to Harmony. Guess we could have those debates all day long regarding different companies in the same sector.
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