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I actually see 50p-60p if and when gold price moves up.

Tamesis still on 30p target which is still cheap if your prepared to hold long term. NAV is 17.9pps. If shg do become a mid tier producer, long term holding would be wise.

That seems to be theft by Barclays imo.

All blue so far with a nice £12k and a £17k buys.

Looks good. Added again first few seconds. Gone NT now.

Well I’m in the same boat as you. I’d like a top up in the 70s.

Not looking good here with the current Russia, Ukraine situation which obviously effects HYVE.
The SP failed to break out above resistance and so there's a good chance the SP will now drop to 85p and possible 72p which would be the bottom of the downward trend channel. Just need Russia to pack their bags and go home and the sp will move up again, but that could be a couple of weeks away yet if at all. Tin hat time I think.

Explains the rise this week. Just need a bit more and it will pop.

I agree kenj, you need to read it with a pinch of salt. But it does give you an idea of a valuation.

A nice write up in IC today but very sloppy being published and not edited to take into account todays news.

Well it’s hitting resistance. If it can break that then looking at 140p.

If your talking about sold too soon, I sold another share 10 months ago for £2k loss. If I held today still, it would be worth £80k.

Nicely ticking up. Here’s an extract from the last Edison report. You can read the full report by registering.

Valuation: Everything points to 30p per share
Pan African is cheap relative to both its historical trading record and its peers. Our core valuation of the company is 41.79c/share (30.42p/share) cum-div. Stated alternatively, we calculate that investors buying Pan African’s shares, cum-div, at a price of 17.50p per share, will enjoy an internal rate of return on their investment of 21.8% per year over the next 18 years, until FY39, in US dollar terms. In addition, our core valuation rises by an additional 13.5%, to 47.43c/share (34.53p/share) once next level growth projects – and in particular, the Mintails/Mogale assets – are taken into account. To this must then be added the value of c 19.2m underground Witwatersrand ounces, which we estimate could lie anywhere in the range of 0.22–5.24c to take the total to 47.65– 52.67c/share (34.69–38.34p/share). Alternatively, if PAF’s historical average price to normalised EPS ratio of 8.9x in the period FY10–21 is applied to our FY22 and FY23 forecasts, it implies a share price of 32.15p in FY22 followed by 32.99p in FY23. In the meantime, PAF remains cheaper than its South Africa- and London-listed gold mining peers on 86.1% of comparable common valuation measures (31 out of 36 individual measures) if our forecasts are applied over the next two years or 80.6% if consensus forecasts are applied (see Exhibit 13 on page 12). Thus, applying PAF’s peers’ average year 1 P/E ratio of 9.2x to our forecast normalised HEPS forecast of 4.99c/share for FY22 implies a share price for the company of 33.3p at prevailing forex rates, while applying its peers’ average year 2 P/E ratio of 8.6x to our forecast normalised headline earnings per share (HEPS) forecast of 5.12c/share implies a share price of 32.0p in FY23.

I think Tamesis were trying to say shg are in better shape fundamentally than a few years ago and the sp should be higher based on fundamentals.
But that doesn’t take into account an ii selling and poor results which dropped the sp. Technically when the sp dropped through support at 10p it was always going lower. Pi’s don’t want to hold a share for a couple of years unless it is cheap. SHG is cheap now. Whether it’s seen the bottom or not who knows.

Yep, that is what was said by RKH -"We look forward to entering into fully binding documentation in the first quarter of next year."
It was Navitas that said by end of January, which I just think was hopeful thinking. All running to plan as far as I can see.

You got in a better price than I. I got 1796. Only going for 1835 as a little concerned with the trend channels converging. So hopefully will get that and then wait and see if it goes up or down after that.
I bought back into SHG this morning at 6.9p

Langgy.....

Yeah olderandwiser lol. Luckily I sold my gold long with a limit order near the top. Then came the fed talk and it all fell away. Back in for another go now!
PAF is doing well and a safer option to be in gold for sure.

Both Tamesis and liberum have both reiterated a buy with TP of 30p and 32p.

We know the junior mining sector has had a bad start to the year but, even so, we are completely bewildered as to why the share price is at 6.75p. The last time it was at this level was in June 2019 when the gold price was $1400/oz (and inflation nowhere to be seen). There was no West Kenya or Singida i.e. no growth plans to over 200koz pa, the balance sheet was weaker and a different and much less investment friendly government was in power in Tanzania. The market was still concerned over the LoM at NLGM but here we are with even longer potential 3 yrs later. All because of one bad year in five.

Not sure if it is the bottom or not, but at this price I've bought some. Nav is about 109p so it is good value buying at 104p. I suppose a lot will depend on what gold and silver do this year. Interest rate hikes will obviously be negative for gold and silver but I don't see them being raised too much and I doubt the US will do 4 hikes in the year. Probably 3.