Member Info for charles432

Peel Hunt last purchased PAF shares under the Buy Back scheme on 10/07/2025 at 49p. Now I thought the buy back scheme was initiated by the B.O.D. because they thought the share price was well below its true value, the company could well afford £10m towards buy backs, and share buy backs are a means of rewarding share holders for their investment in the company. But now with no further buy backs since 49p and a current share price around 61p, I refuse to believe the share price is now over valued. I think the share buy back scheme may have been poorly structured.

I continue to believe PAF is printing money, just look at the recent results of Greatland Resources (GGP) and the fact that Gold Fields doubled profits at half year. I just think PAF is not on the same curve as afore two companies , but will catch up rapidly with vast returns in 2026.

Harmonica I could be wrong but I believe Shell is debt free.

BP pays a decent slowly increasing dividend and has an ongoing positive share buy back scheme. I believe the problem for BP is debt, and debt is what destroys decent ongoing returns for share holders. Now if the new Chairman can reduce debt, such that the company is debt free by 2027, then I believe share holders can look forward to great returns.

PAF share price moves as if the company had hiccups, Peel Hunts buy back activities appear to not operate under such conditions. Thus the buy back scheme does not appear to be of much value to share holders, initially I expected share backs to level off the hiccups. Now it appears as if the wild veriations of the AIM market will persist.

Perhaps once PAF pays a decent dividend and joins the FTSE 250 index , share price fluctuations will decrease. But IMHO the company continues to print money at current Gold Price.

With Food inflation showing little sign of falling , the B O E will have to stop reducing bank rate thus ensuring inflation does not get out of control. The continuance of relative high interest rates is to Lloyds Bank's advantage. With the car finance scandle now reduced to realistic proportions I think, Lloyds Bank share price could reach £1 by Christmas.

Asperger 1 please stop filling up this board with endless repeats.

Lloyds Bank shares remain one of the bright events in my outlook on the UK.

With the looney left and nut zero, plus a continuous invasion of young 18 - 24 males illegally into the UK ======== I despair.

The illegals have no interest in historic UK culture and over large parts of the UK have created their own culture, where women are second class citizens.

Nut Zero refuse to allow the large gas field under Lincolnshire to be exploited by fracking , to give thew UK cheap gas for the next decade. The L.L. claim fracking is dangerous , result the UK imports expensive fracked gas from the USA . And this gas has to be liquified for transport emitting ever more CO2 into the atmosphere.

UK industry needs cheap gas to enable the economy to grow and at the same time, to end the cost of living crisis within the UK. But Starmmer continues to go on junket trips around the world rather than dealing with UK problems, he is Trump's Pet Poodle, and has but one ambition that is to raise UK taxes.

Now that PAF are making money I hope that they are able to terminate illegal Gold mining at Barbetton. This activity is totally destructive of the environment, the equipment used in illegal gold mining to recover Gold is very poor and allows mercury etc to wash into river courses etc. Thus local water supplies are poisoned for the local population.

Mike thanks for info on share dealing.,

I can find no recent details for shear buy backs by Peel Hunt, like Bustard I was hoping they would be rather more active. My limited system shows regularly large trades settled just after end of play, which I do not understand. I suppose with so many shares in issue the Mr/Ma adjust the prices to help themselves.

But as a long term holder the share price variations at time I find unnerving, especially because at the current gold price I am convinced PAF has a licence to print money. I suppose some expect disaster which I do not believe will happen. But anyway Sept 10th is not far off when more will be revealed.

Well Starmer claimed he had negotiated a great trade pact with the USA. Result UK trade with the USA has fallen to very low levels, with UK importing much more from USA than it exports. The sole ethanol from wheat plant in the UK is shutting with a loss of some 120 jobs, with all future ethanol imported from the USA as agreed with Trump. The USA ethanol will some seem to believe be exported to the UK without any additional CO2 emissions. (Some have never heard of crossing the Atlantic ocean).

As usual the UK sticks to its side of the negotiated trade agreement, but Trump and his mates go happily on their own way. When will the loony left , closing prematurely North Sea oil and gas fields before they are worked out thanks to Nut Zero etc , understand if ever the realities of our recent World.

I believe with the New Chairman in place from 1/09/2025, the company will move further back to its roots in oil and gas. It is all a matter of patience for shareholders.

As regards the recent find of oil in Brazil, and some negative comments about CO2. I also believe BP would never have identified this find as its greatest in the last 25 years, if there was any doubt about the find being exploited.

Well Bailey cut bank rate to 4% but he will have to keep it at this level for some time in order to get inflation down to 2%. But for Lloyds Bank the cut is probably about neutral. Also the hang over from the car finance scandal has now been dissipated.

Lloyds remains a number one UK bank with its progressive dividend policy , share buy back scheme and management on a clear path for the future. The number one threat to the Bank is now the Labour party, as they seek more tax revenue available for expenditure (some just wasteful), I regret but I now think a Bank levy will be reintroduced by Labour.

Mike thanks for explanation about share buy backs , Charles.

I may have missed some thing, but after the Share Buy Back scheme started at the beginning of July , it appears to have died at Dawn when the share price reached 50p. But maybe I have missed the latest RNS.

But not to worry the share price is going on upward, maybe in some hiccups. But I have great faith in the management team now clearing up the old polluting waste gold mine dumps of South Africa, very beneficial.

Also in passing the Tennant gold field in OZ is also a source of copper, well done management.

Well the House Builders have been naughty boys and have agreed to a £100m fine to avoid prosecution.

Martin Lewis and his mates missed going after the House Builders unlike Lloyds Bank car finance loan scandal. One can only conclude that the Lawyer

tail-gaters did not believe £100m was worth their efforts, not a big enough sum. Yet they will all tell you they only take action when it is required, never for their own financial gain.

What I have never been able to understand is if the "Black Horse Car Loan finance" scheme was so very profitable, why were so few financial institutions involved in providing cash for car loans? Of course Martin Lewis and his ilk could well kill off Lloyds Bank car finance scheme , but they might at the same time terminate the British Car Industry. But then these people are all for self and sod the Country.

As a LTH I agree totally with other posters on this board. The road will be bumpy but upward.

I do not believe the Gold Price will fall back to any significant degree. D.Trump wants the dollar to loose value and make US exports more competitive with the rest of the world. But the global world is loosing faith in the value of the US dollar, hence the demand for gold will if anything continue to rise.

I wish all on here a Happy Future Journey and I hope our short seller gets burnt.

I do not believe the Gold price will ever go to rock bottom again. Trump's Big Beautiful Bill will ensure the USA drowns in debt , thus nobody will want Dollars and Gold will be the only safe financial haven. Thus the future for PAF is bright.

I used to think the only thing certain in life was death and taxes. Not true if you are a PAF share holder, ups and downs are wild and unpredictable , we are on a wild horse that knows no logic.

Equally Trump knows no logic, hence opponents of his Big Beautiful Bill will have to vote it ultimately into power. Their alternative situation is that they will find themselves locked up in Alligator Alcatraz

I woke up this morning to find the Looneey Labour Left have taken over the UK Parliament. For these people Profit is a Dirty Word.

All Lloyds Bank, an excellent well run bank, can now expect is more Taxes, reduce returns to all evil Lloyds Bank share holders.

Pt and Pd are both industrial/precious metals. Thus they tend to go up and down with the Gold Price at present. But the Inyoni PGM recovery plant is established and a highly efficient plant. Thus PGM profits tend to be steady. Rh an industrial metal is the PGM money maker when its price rises to about $6500/oz.

paf remains for myself a mystery share. for fy 2026 cost of recovery for gold listed at $1500/oz , production estimated to reach at least 275000 ozs :

hence revenue above $400m , deduct

1) tax at 25% will be $100m

2) debt $155m

3) mtr expansion committed $6.5m

4) soweto hub possible expansion allow $40m

5) share buy back scheme $11m

total deductions will be : $312.5m

possible profit for distribution is $87.5m.

but most will consider my figures as all garbage and of course like "nigel farage", i do my calculations on the back of a *** packet. however the share price of paf remains a total mystery to myself.