I suppose I could have done much better if I had sold at about ZAR 2.00 plus minus. But in my case as a retired person I look at my R.O.I and can't complain. PAF is part of a diversified portfolio and I think the " barbarous relict " is here to stay !
25 Sep '15
Good luck to you. Was invested from 2010 so did ok. Very easy, sold at 12p in March. Not a gold bug and think gold will go lower. Alot has changed over last few years as to gold and safe haven investing. Will look to get into commodities in a couple of years once deflation is out of the way. If I had not sold at 12p then PAF would have to rise near on 100%. It did not move on newsday so next wait is March for interims. Been out of market for a while so good to watch the markets drop and see what opportunities arise.
24 Sep '15
RE: ProactiveInvestors Interview
I am surprised our resident bear has not yet come up with a host of reasons why one should not touch PAF ! As for me I have been invested since 2008 and done very well thank you !
24 Sep '15
There is an interview/video today with Cobus Loots of Pan African Resources if you search for 'Pan African CEO sees silver lining in South Africa' you will find it. Key point responses from Cobus Loots I picked up when questioned on the following topics; Evander Production - "Guidance for the year ahead is 100,000oz, which is a significant improvement compared to the last year'. Note y/e 2015 was 63,558oz and y/e 2014 was 76,556. Debt - "In terms of our forecast we pretty much expect to be out of debt by the time we pay the dividend". This should mean that basically they should be out of debt by the end of Dec 2015. Gold Price ($ price) - "All our revenues are Rand revenues if you look at the gold price in Rand terms it is quite attractive" It goes on to mention that we are now at all time Rand gold prices.
24 Sep '15
BUY - Very Bullish
I just increased my total holding for the following reasons; XAUZAR (Gold in Rand) just hit all time high of over 16,000. XAUUSD (Gold in US$) just broke the 1142 resistance. FTSE100 sitting at 50% fib retracement and coiling up. (May be big swing either way). Dax has broken past its previous retraction level on 24th Sep and coiling. I personally think this is a market retraction from the start of the highs in early 2009, if that is the case we have a way to go as yet. I'm sure our resident bear would like to pass comment.
18 Sep '15
RE: Missing Trade?
My trade seems to have vanished, still not shown/reported. But there is a nice trade of 2M at 15:56 that was only reported after hours. Guess we will have to see what Monday brings. Have a good weekend all.
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