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Make it 2346
the only one in red out of 20 UK quoted gold miners in my watch portfolio
and to think that I valued PAF the best out of those 20, I have no words.
Mind you I noticed PAF tend to go up on negative POG days...
still patience required here, production increasing soon, maybe next announcement also
coming with upward revision of current guidance. Paf tend to move in burst up or down
not gradually...
Anyhow POG up with NFP beating expectation and USD up, at this rate could be $3000/oz this year.
That would be interesting times...me just dreaming.
Buy the dips I did today again at 22.03 but Endeavour the place to be got a feeling AAZ will fly soon with its Q1 soon
WTF!
..and again today markets suddenly turn negative and POG rise to new high....
If this is the underlining trend beside rate cuts, with market hovering at the top
POG could go ballistic.
Https://www.miningreview.com/gold/tailings-retreatment-mogale-heads-for-year-end-start-up/
"The life of the Mogale plant will very likely be extended from 13 years to 21 years once Pan African starts to mine the Soweto Cluster TSFs. The total resource they contain is estimated at 133.5 Mt at 0.31 g/t for 1.35 Moz of gold and the reserve at 108.3 Mt at 0.26 g/t for 982 koz of gold."
"Once the MTR is commissioned, Pan African’s annual gold production will be increased by around 25%. The company is expecting to produce between 180 and 190 koz in FY-2024 (to 30 June 2024) with this increasing to as much as 220-250 koz in FY-2025 and FY-2026 on the back of the MTR project’s output.'
"The attractive economics of the Mogale Gold TSFs were highlighted by an independent DFS, completed by DRA Global, the results of which were announced in June 2022. According to the DFS, the project delivers a pre-tax NPV (9.5%) of US$65 million and a real ungeared IRR of 20.1% at a gold price of US$1 750/oz, with these figures rising respectively to US$88 million and 23.0% at a gold price of US$1 906/oz."
"He adds that the project will also contribute to bringing down the company’s overall AISC. “Tailings retreatment is a low-cost process compared with the underground mining that we undertake at Evander and Barberton, so a higher proportion of production coming from tailings obviously drives down our average cost of production,” he explains."
..a steady rise from 1pm low at 2290 and keep going 2318.60 new all time high every day...wow
I am looking at POG $2317/oz on the futures
Think that's two 5M buys at 23p from this morning. POG also still looking good...$2,294 at time of writing...
Let's hope that's it then. 22.3 became a problem again, but at least the new barrier is 23p, which is higher.
So even more reason to contact the FCA.
5M shares traded at a price of 23p when the SP has not been anywhere near that level all day!
Yes at 23 definitely a buy but also there was a recurrent sell trade going on.
Anyhow buy or sells I am looking at POG new record high, one every day now, this is unprecedented
even Forbes article today was recommending loading up on gold and miners..
And yet PAF close in red today, 2 £1mil buys is not a small amount.lets see what happens next few days,
all my other goldies are motoring up, come on Paf
I guess that’s the gap Filled :)
Two one mil buys!! Someone is accumulating!!!
ALL of you need to complete this. It takes 2 minutes!
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
Have to say retracement has been minimal.
I read few in the sector expecting a correction with support around 2150ish,
but the way is going up and staying up is remarkable.
It doesn't matter what the USD is doing POG keeps rising. Some saying that POG will go up also when there will be a correction in the market, I wonder if yesterday push higher was such case...with indexes coming down.
Interesting times but at this rate 25000 is definitely on the card.
AIMO
GP $2285...
24p surely sooner than later
Some large trades around 22.15 /22.5p yesterday. Mulder will be instigating more complaints if the market makers keep wandering the price down to do scoop all these lower price trades.
Wil PAF close higher tomorrow with Gold currently at 2297? lol
Have to say on my chart day candle it opened with a gap today, and retrace was inevitable, better fill the gaps now than later.
Price should carry on rising from here.
IMO
I know its nuts!!
The MM's may have walked the price around to acommodate my limit buy order. (15.59 at 22.1345)
I've seen this kind of thing a few times with all kinds of different shares over the years when I've put in a large (for me) limit orders.
? ? ?
Wow gold at 2280, mind you it must be with very low volumes, RSI is overbought and a small correction/consolidation may be due.
Still mid long terms by the time they cut rates we could be way past 2500.
aimo
Get ready to break 24 tomorrow!! Re elections ANC wins every year no change there for years…
Just wondering what your take will be with the election looming? Effect in the short term on the sp? I'd say quite critical one!
I'd value your opinions?
Of the 75 buys and sells by directors they have been all purchases except for 3 sells in June 2021, and one other in November 2010. So a good vote of confidence from them.
55% of shares are held by the top holders.