George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Before*
With current gold price above 2100 this should be near the 30s and it’s on the way there (we are being re rated ) 26p is pivot point and up to the 30s…
Moving up now though.Just a matter of time below this shoots up
Who bothered to contact the FCA?
https://www.fca.org.uk/market-abuse-reporting-form
With such price of gold, the Consort mine in PAF portfolio might contribute a lot to annual production. Now clear why Loots left it
Well I guess all the companies listed promise lots of sunshine in the future, but SRB stands out (if to be believed) as they reckon on doubling production by end of 2025.
Equinox Gold reckon on a production in 2024 of 660,000 to 750,000oz which if taking the average would be 705,000oz compared to 2023 figure would indicate a rise in production of 24.9%. The others are a bit mixed.
Hi nimrod22. Will any of these be incrementing their potential production by 25% like PAF in 2024 ?
The Mintails project is set to start in a few months and expected to deliver 50k oz per annum.
HOC produced 186,744oz of gold and 9.5 million oz of silver in 2023, a P/E rolling 1yr of 7.5.
WPM produced 374,00oz Gold and has a P/E rolling 1 yr of 29.6.
EQX (Equinox) produced 564,458oz Gold, P/E rolling 21.7.
SRB produced 33,000oz gold P/E 5.1.
MTL produced 85,744oz Gold P/E 3.6
SHG produced 100,571oz Gold P/E 11.6.
I doubt any of those you list have production topping 200K nor a forward P/E as low as 4.
Is it likely the company will increase divi with increased profits or will they pay off debt?
At adding to my various Gold mining shares; PAF, SRB, MTL, SHG, HOC, WPM, EQX etc and wanted one that has a low spread which would be easier to exit when wanted. PAF fits the bill for easy trading as does HOC. Some of the holdings such as SRB and MTL have greater upward momentum, but may prove more awkward to unload in any large quantities. In the last month Gold Bullion up 7.7% in dollar terms. PAF up 23%, SRB 20%, MTL 49%, HOC 16%, WPM -2.8% (though up 15% over last 2 weeks), and EQX 9% up. So the smaller Gold miners are increasing in multiples of the bullion price and the legs to run much higher in my view.
It's got to come.Like you say Mulder theres no intrinsic value in BTC.Its a ponzi scheme.
Yeah, it's odd that people haven't piled into miners (yet).
Gold up 8% since Valentines which should mean PAF up by about 18%, which actually it is (as each percentage point means a bit more than double the percentage as an increase in profits).
That said, it's the nature of the gold price consistently averaging above 2000 since December that like others I would think makes miners still a bargain.
IMO It means none of Mintails is yet priced in, so surely another big boost late this year.
.
closed below where it should have vs jse price - again.
islandgirl - because a lot of them are in ****(bit)coin which has no intrinsic value and no history. gold has been around for thousands of years.
Amazing how theres little reaction in the miners given the gold prices.I guess production costs are higher but even so!
Upwards hike in EPS for H2 coming.
PAF need to take advantage of these prices ++
The breakout is now confirmed on the 5 year chart too. There was a long downward trend line that joined the three previous highs and today's price is now well above that trend line.
Very tight spread.Looks like it's ready to go soon
All primed for 22-23 Finish this week
SP is 21.4p as I write with gold at an eye watering $2157 (£1,691) !!
Mulder you were right about that 20p sticking point. That's no past it seems.
Amazing gold price currently, the bulls are out in force, everything from $2200 to $20000 predicted.
Some classics from our old friend Peter Schiff https://www.youtube.com/watch?v=cNXLgczF8UQ
Mulder As you know I've also been invested in PAF since 2010. That PE of 10 you're referring must be the spike in August 2020, the SP got to 28p and gold 2070. If gold get's momentum in a similar fashion then the SP here would spike to well over 40p !
The dam will burst at some point,the pressure sure is building
Gold 2146 SP should be flying as our PAF profits :)
Cha-ching!
Have you bothered to contact IR and Hethen Hira with your opinions and thoughts?