Member Info for BPat890

Just getting in here early. Heading back up now along with Serabi and Altyn after their wobbles.

Note for younger readers ‘wobble’ is the politically correct term for irrational breakdown, although highly sensitive still when used in the context of being a supportive husband

Increased internet for faster connectivity 😆

Must be global market fears pushing people to take their massive 2024 profits. Every analyst panicking over tariff wars and what Trump will do next. Rebalancing towards defence, minerals, industrials, resources will hopefully bear fruit. Already seeing increased internet in commodities like copper, chrome and the pgms

It’s a stark contrast how commodity prices have increased 25% while sector heavyweights have fallen in the same period.

“Within the commodity space, the key performers during the year were the gold and silver prices which enjoyed strong returns, up by 27.2% and 21.5%, respectively. Yet the gold mining companies were unable to convert this into meaningful returns. Copper, a key exposure within the Company, was up approximately 8% when looking at year-on-year average price levels.

As highlighted above, the huge frustration during the year has been a breakdown in the relationship between commodity prices and the share prices of the companies that produce them. Historically, mining equities have been a very efficient way to capture returns from commodity markets.

However large mining companies simply did not perform as they have historically. In the copper sector the “go to” company, Freeport-McMoRan, generated a -9.4% total return during the year whilst the average price of copper was up by approximately 8%. Across the gold sector, the two largest producers, Newmont Corporation and Barrick Gold, generated -7.9% and -12.3% returns respectively, compared to the average gold price which was up by 23.0%. Examples like this can be found across the mining sector.”

Revenue per share fell as a result of lower dividend payments as “mining companies chose to invest in future growth opportunities”.

During the year, three quarterly interim dividends of 5.50p per share were paid. The Board is proposing a final dividend payment of 6.50p per share for the year ended 31 December 2024. This, together with the quarterly interim dividends, makes a total of 23.00p per share (2023: 33.50p per share).

All dividends are fully covered by income. In accordance with the Board’s stated policy, the total dividends represent substantially all of the year’s available income.

Shares go ex-dividend on 20 March 2025.

Final dividend to be paid on 27 May 2025 to shareholders on the Company’s register on 21 March 2025.

Holding up well, NAV above 54p

Yep. They’ve sold into the rise again.

Buy

Pump

Scalp

Fair play to em. Ten Bag cut their losses waiting for this to bottom. Probably new lows when the company announce next placing

Nigel wouldn’t respond to TenBagTag. He is a troll like trybuy, only posting here because of a spat with a THX holder. They are engaged in a tit for tat campaign of daily nonsense posts. Most holders have them filtered for good reason

Savvy investors are silently buying in anticipation of impressive gold production numbers.

It will be close Mike, PGM prices overall stuck in the doldrums but at least chrome has recovered well from $200 lows. Reading the discussion on Karo with interest

Nice little pump today! Can always count on the latecomers to push up your trade, volume decent too. Holding overnight for a little more squeeze I think. Well done newcomers!

Thor Explor could breakout at anytime but it doesn’t have the momentum Serabi has. I’ve seen the forward projections and suspect the share price will rise strongly but there are more apparent risks to investing in THX than there are in SRB which may be part of the reason for such the increasing valuation disconnect.

Chancers hoping for 120p while gold has been trading at around $2800 in first quarter will probably be jumping shortly as this is only going higher. Serabi quarter on quarter profit gains are the envy of its peers, cash pile growing, production growth year on year and valued at a huge discount to peers trading on the Canadian index. Considering dumping MTL and a couple others to build a larger stake here at 150 level. Crazy P/E less than 2

Ooh in fact on the 12 month chart Serabi (+257%) has closed the gap and within a couple percent of outpacing Altyn (+259%)

My broker seemed confident buyers would pay £2 per share by end of the tax year as retail investors make last minute adjustments to their portfolios in the lead up.

Serabi is one of the top risers in the past 12 months and still boasts a low P/E with growing cash pile that makes up a sizeable portion of value. Factoring I’m even higher production this year, lower costs and the incredible margin with zero hedging it’s just a matter of holding and adding on the dips.

Must be expecting price of gold to trade lower in the next week or two. These shorts tend to close quick enough. What would be nice is if Pan African were to release some unexpected positive updates and catch them out!

Ah on the 12 months ALTN is leading, incredible momentum at the moment. Hadn’t realised its 12 month gain was the highest, just shows how quickly it has moved! I’m expecting similar moves with THX in the coming months

Pretty sure it’s Serabi number 1

600% from 2023 lows of 23p!

Strikes me as sheer lunacy jumping ship from the top performing UK listed gold stock of the past 12-18 months. Deleverage by all means but dumping all stock? Crazy!!?

Strikes me as sheer lunacy jumping ship from the top performing UK listed gold stock of the past 12-18 months