The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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The thing is with miners not Truely following the gold share price is that the miners are an unloved sector that have struggled for a number of years. Wages and energy cost are high etc. But when updates come in with higher profits because of the high gold price investors should start to notice.
For me this is a long term hold off 5 years or more. I only see gold getting higher in time but with a small pull back and consolidation. I’ve loaded up in the last year to take advantage of the high dividend which has already returned 10% of my holdings. If people think the current gold price is good, wait 5 years and wonder what profits Paf will be making when gold is above 3000. And in the mean time, as long as gold stays above 2000 paf’s profits will still be good and the dividend will rise with the profits.
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Hold..I just got an instant quote to sell £100,000 worth ! An extreme amount for me.
These shares are in demand.
At these levels, with Mintails and post tax.
P/E still only THREE!
Its amazing to see POG going so high and the producers lagging behind but that's the way it was the last time there was pm bull run
Just looking back at passed comments, well done all those who held n added from the darker days of 12p , Mulder ( 7th Aug) PatryK ( Cheap ) and Elias Jones ( golden cross), for me I will have to be content with pittance of a freeride n dividends...atb
PAF profits at current gold price should be huge! This will take off pretty quickly after quarter news!
Have to admit didn't expect POG to make this push higher after CPI....This is going to take everyone by surprise, and what about if at this rate we go past $2500 psychological levels?????
Then the sky is the limit, and lost of FOMO taking place.
Not saying will happen but at this rate....
Resistance broken at last. Great end to the week!
Sector due a rerate or is it happening?
“ According to Business Insider, gold miners experienced their best performance in a year in March 2024. During that month, the gold mining sector outperformed all other U.S. industries, surpassing even the performance of semiconductor stocks.
Still, physical gold has outperformed shares of gold-mining companies over the past three years by one of the largest margins in decades.”
https://elements.visualcapitalist.com/gold-price-vs-gold-mining-stocks/?utm_source=VC+Elements&utm_campaign=e67df38863-VCE_Email_APRIL_09_2024&utm_medium=email&utm_term=0_f3fdb4328c-e67df38863-47046010
Trek
Bang on BlueD The East is driving this
Forward P/E down to 3 now?
The gold/silver manipulators have lost control. Prices now set in the east....
The flood gates will open soon.They cant hold PM stocks back any longer
Done, 24p broken, resistance is weak all the way to 28p !!
Surely this will mean the gold miners can properly catch up and gain some momentum.
The gold price must be headline news now.
This should be over 24p!! Today should but paf has been behaving rather strangely lately…
Wow, let's hope PAF are banking some sales this evening.
When will Miners follow the gold price and break upwards properly.
Interesting technical analysis on this video from 5.35 about gold miners, showing the difference between the gold price and the gold miners, when could it follow. https://www.youtube.com/watch?v=UYpMb3JF0Qo
News flow could be starting to help on this.
https://www.linkedin.com/pulse/gold-miners-poised-golden-run-barclay-pearce-capital-evuac
All time high.
Gold just broke its last all time high tonight, hopefully a lift in the SP tomorrow.....
The news was just yesterday. Cobus reported latest details about PAF at Zurich gold conference. Next event will be 11 September.
Seems there’s a huge buy order being worked through, another 1.9mil of shares gone through, Market makers are doing their best with these swings to fill it . Anyone know when we can expect any news here ?
Another few pence and FTSE 250 tracker funds will have to start buying this. Automatic entry.
Hopefully attract some new money in to PAF.
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.
For more information about the conference, please visit: Gold Forum Europe 2024
Awesome stuff... Got the over 23p target for the tranche I need to sell to pay the builders, and right on time.
Next time I need some cash will be June... 28p by then ? A proper break upwards and then just blue sky.
Mulder if PAF gets to 100p, I cam literally retire !!