George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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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.
Meets the Josef Lakonishok Momentum Screen(Momentum Investing) criteria.
Trading volume 10 day vs three months has increased 47.8%.
Since the 150dma line crossed the 200 dma on the 6th Feb the share price has gone up 28%. Lets hope that there's not a general market correction in the near future as it will dampen the SP moving forward.
Looking good for next week
https://www.tradingview.com/news/tradingview:fd7350412094b:0-xau-usd-gold-prices-blast-off-to-new-record-above-2-235-on-safe-haven-buying/
By the way PAF just close at new high for the year.
Next day close is 24p of 13/04/22 with 27.10 day been all time high.
As from lates interim result PAF was trading at forward PE of 6. Recent POG rise have reduced PE to 4 implying a 50%
sp appreciation in near terms with more upside coming from POG and production increases...
Definitely a new all time high sp coming IMO.
Have a feeling Gold will skyrocket the way price is moving.
Mind you there can be lots of volatility in the way but trend is very much upwards..
Conversely if/when the Fed will actually start to lower rates it could be when Gold has topped (buy the rumour sell the news) but this is very much months away and at this rate who knows POG may settle easily above $2500 with Gold miners doubling in price this year.
All my conjecture theories...but POG is telling the story.
Have position in PAF, CBX and GAU. For me the best miners out there offering fully funded growing production with good balance sheet and decent geographical risk.
Closed today and Monday. We'll see on Tuesday))
Gold price is astounding.
Tomorrow we break the 23 barrier :)
Of course it's a big 'if' but if gold remained around these levels we are looking at a large net cash position next year and annual profits of >$200 million.
Forward P/E just three (with Mintails), based on 240K production.
All we need is a sweet RNS this week and we are flying…
Plenty of big ones too.Things looking very healthy with the every increasing price of gold.Cha ching!!
Go much higher, with P/E rolling 5.7 and plenty of upward momentum.
& if you still haven't contacted the FCAs market abuse team that is truly unacceptable and lazy.
As I keep saying contact Hethen at IR.
Berenberg raises Pan African Resources price target to 28 (25) pence - 'buy'
Hi Mulder. Are you sure PAF will be releasing a Q! update ? Is there a link you can share about this. They usually do an update every six months.
https://www.panafricanresources.com/investors/
They have an investors event on the 10th, so hopefully an update or new presentation to go with it. Events Diary :
Gold Forum Europe Conference 9-10 April 2024
Zurich, Switzerland, Cobus Loots, CEO of Pan African Resources will be presenting on Wednesday, April 10 at 13:50 CET.
Q1 update April.
They are in a closed period...
As much as I like the share, I got to say the news flow here is pretty rubbish, surely there’s something the company can report on!
Mulder, yes the valuation dis-connect here now is unbelievable,we are either going to see some very tasty dividends and possible special divi or we going to be subject to a T/O at a tasty premium IMVHO
$210M Pre tax annual profit with Mintails (2025) at the current gold price and AISC of $1325
Net cash position not far off.
The volume on the buy side here now is the largest it has been for quite some time, it feels like a big buyer is being aided to grab a good slice of PAF at bargain levels ahead of a major re-rating.
Could have a very nice bounce up into the close today IMVHO
Gavster, yes gold is really flying today and may go way higher when the dow opens later,it would not suprise me if we climb back to 22p levels by close today. We are so undervalued it is getting near joke levels now.
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