...is that all commodity type business are valued according to the price of that commodity. The oil companies are valued according to the price of oil, such as RDSB, the major miners are valued according to the price of probably iron ore etc, such as RIO. So its normal for PAF to be valued according to the price of gold and so its normal that their eps and therefore the sp has been hit during the last couple of years because they have been in the low grade cycle longer than expected. My view is that now the mine is in high grade cycle this will boost earnings next year and the sp shoutd be back at around 12p ish.
at 12p bit belated wasn't it??? lol
Pot calling the kettle ,enough said lol
Ignore the facts. As an ex holder it is enjoyable watching PAF and their move into coal.
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