London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Seems to be following gold back up a bit better and so it should!
Set up for a 10% rebound 21p even down my shares
Yes, but remember that with each week there is added value to PAF due to the debt pile going down significantly, around 2 million a week.
Even if the gold price stays within it's current range, or goes down a 100$ then PAF is still heading for a 2p or more dividend next year. Applying a yield of 5% means an SP of 40p.. Hold or add under 20p IMO
The recent down trend, although to be expected after such a rise this year I suggest is also down to profit taking. Some of my current portfolio is wretched and it's been tempting to use PAF profits to ease the losses.
Lockdown two, the election, QE and more QE, world troubles and tensions, surely the gold price will go for another shift upwards.
Cheers and GL
I love this share its done really well for me but as a gold play it goes down with Gold right enough but just doesnt go up with it as well so annoying. Still Im happy to buy at sub 20p as long as gold starts back up soon!
Thanks Lenin , and I am also scratching for funds as I think we are very, very close to a PM take-off. Not a Black Swann ( we've had too many of these with Zilch Effect!) but, just a very dark night. By this I mean, investors and banks wake up and are all spooked by the potential bad news = combined Covid, weakened economies, mountains of debt, USA elect Biden (ha, ha!) etc.....
Hi chaps, I am not a holder of PAF but it is on my very short list if/when funds allow. I currently hold HUM which seems very similar to PAF in that it is a solid PM miner in unloved jurisdiction, short term debt to be repaid and high AISCs. IMHO both are therefore highly leveraged to an improving gold/silver price as the market is currently marking them down as high risk & low reward compared to other peer group miners. Admittedly HUM is exploring to build out its LOM and reserves whilst PAF just has huge resources it can access albeit subject to having the free cashflow to develop it and from a potential investors point of view upscaling PAFs tailings operation was a master stroke as low risk & Capex plus can be upscaled if needed!
If as a number of us suspect Gold/Silver ascent is only just beginning then both these miners situations change for the better very quickly and with relatively low MCaps that is good for us PIs.
APR
Eish .. apologies for a very late reply...( I have only just been reading the messages ...As I only have one tranch off money at this stage I have temporarily pulled out off Pan African for now as I am aware off an A I M gas and oil company which I am hoping will have a big jump in their share price value by middle to late November ( I don't know how many chances people get at in life but if I don't go for it I may regret not taking the chance for the rest off my life) ....I cannot promote other companies here but if you have time to search either West Newton or Wressle that will give you a hint of while I am not here temporarily ... However I should soon be receiving a second tranch off money ( though sadly I have had a small delay to receive it ) ...so if fthe Pan African Share Price stays around where it is now then I will place the second tranch off money in here ..It's a good solid company and always plenty of friendly post to read here ....Good Wishes Regards Lenin
Not sure on the current valuation but certainly one of the most prolific gold miners around, should still see further rises here once a US stimulus package goes through likely before the November elections IMHO.
Hi Eish.
I looked this up and read through this article, one of many. https://financialpost.com/pmn/business-pmn/barrick-ceo-calls-for-consolidation-and-warns-of-reserve-crisis. Considering his position, what would be his motives for such a statement. Thinking of re-opening Mpneng, boost reserve values or make smaller reserve miners cheaper. Hard to say.
Definitely good for PAF with the core mines having reserves that can last "centuries", as I think Cobus or Jan Nelson put it once. It also bodes well for any moth-balled mines with large reserves which could become viable with higher and higher prices.
Apart from Pure Gold, which I have on watch and before I research, which other UK listed gold miners are professing to have reserves that can last lifetimes ?
Anyone considering taking over PAF, would surely have to pay well over the current market cap.
Anybody follow the recent Mining Indaba inJHB? Mark Bristow of Barrick about Reserves, shortages, M & A's? I wonder if Barrick with a very strong balance sheet is not considering southern africa again? Perhaps PAF, but the political side is a turn-off? Caledonia & mines in disrepair in central Zim ?
Mr Lenin, are you SMILING now? Good rise end of this week, agree! I is interesting that the Mining shares always act as the Canary in the Cage, LOL! I guess it means they think Au has acted sideways enough and will shoot higher. Not the end -game for Gold yet as we are still on the edge of the steep trajectory - I am told! Your thoughts?
Loved this bit in Motley fool today
“Solgold has plenty of scope to soar in the weeks ahead. Gold prices have retreated in September from recent record highs above $2,000 per ounce. But with profits now booked I reckon bullion’s in great shape to charge again given the uncertain economic and political environment. Healthy gold price gains have already pushed Solgold’s share price 30% higher in 2020.“
OK, I stole this from Solg website but applies here as well! Sorry, not trying to ramp another share here, just wanting to make a point.
Eish just interested to read you borrowed money to invest in Gold and Silver ...I have as well to a smaller extent as.. well as my own money.. on a thing called an interest free money transfer but for a one off fee of 3 and 1/2 % ...If this does not work out I can afford to pay back but one good day with Pan African would pay for the fee on its own ...Let's hope we quite literally strike Gold !!!..
Gold down to $1860 and maybe THE low point? One can never tell in this volatile market but, having re-listened to Kobus's recent interview and knowing gold may suddenly go UP by a $100 (one hopes from keeping an eye on longs and short), the next phase of the rise in POG is going to be explosive imho. I am borrowing money to buy good gold and silver shares. I cannot see this as a losing strategy? Tell me if you think that's wrong, LOL!