Member Info for charles432

Agreed Patryk221 this is a very strange share , with gold above $3200/oz and PAF printing money , (Eddison estimated costs about $1300/oz) the share price falls even when volume traded is low. I give up == Charles.

Today, from my limited records, there was a large buy of 870000 recorded just after the market closed. Also today much more blue than red, hence I feel with gold price holding above $3000 /oz , that PAF is moving into an uptrend.

Well the gold price appears to be steady and trending up. Thus PAF has to be printing money at current gold prices , so I expect the share price to slowly but with time to rise. Share prices are always slow to rise and fast to fall, thus patience is the name of the game. And I personally hope that now are short seller gets badly burnt.

More Brexit

Starmer just does not understand Democracy , the UK voted to leave the EU and his task as current UK Prime Minister is to make Brexit work for the UK. But no because he does not like Brexit he continually tries to return the UK to the EU. Well I did not like the result of the UK 2024 General Election, but I accept the vote and that the UK electorate gave the Labour Party their votes in order to experience a change in Government. But the Labour Party Manifesto did not state that their Government would start to seek to return to the EU.

Sarmer needs to look after the elderly in the UK and stop UK resources (housing, health, education, employment etc) being constantly drained by unwanted Migrants.

The Puffins have had it

I usually only comment on Lloyds Bank on this page , an excellent Bank with a progressive Dividend policy , Share buy back scheme and Management taking Bank along definite future road.

But I am certain Stammer is about to give away UK fishing rights to the EU. The EU fishes all the sand eels out of the sea , the Major source of food for our Iconic Puffin ; get ready to say goodbye to the Puffin.

The USA is the world's largest trading nation, but D.Trump's tariff levies have and are causing large uncertainties in world trade. The US stated no tariffs on precious metals. But precious metal demand is strong for electronics. Large tariffs imposed on China's export of electronics to the US is already distorting demand for gold from China. Prior to the US imposing tariffs on electronic goods, China had imported increased volumes of gold in anticipation of US tariffs on electronics. Thus a major fluctuation in demand for gold from China takes place as uncertainty predominates trade.

The financial problems of the USA are vast , as a country it imports vastly more than it exports. National debt is now some 125% GDP , with $8.6 Tr owed to foreign countries. Some 15 years ago Central Banks stopped regarding the dollar as a store of value , and annually started to purchase gold to add to their reserves. For the last three years Central Bank purchases of gold have vastly increased. Thus demand exceeds supply and the gold price rises. Now the big problem for the gold investor is how much of the current gold price rise is due to demand, and how much due to trade uncertainty.

As regards China the US biggest trading partner, it has to export to keep its factories in operation and its population employed. Thus China has used its trade surplus to purchase US debt, and currently owns some $2 Tr of US debt. D.Trump and his administrators seem to have thought that tariffs were a means to solve US financial problems. But as tariffs start to effect D.Trump's voter base so his administration starts to tone down their tariff actions (30 or 90 day stop/start motions).

As long as China is prepared to purchase US debt with its trade surplus all is well. But we are viewing a Democratic regime dealing with an Autocratic regime and vice versa.

PAF share holders only have to exercise patience, currently the company is printing money. Sure as hell gold is not going back to a price of $1500/oz , so be patient and enjoy the share price ride to higher zones.

The Palestinian human rights group (Al-Haq) and allies has brought a case against the UK Government for supplying F-35 parts to Israel.

Now with the current Russian threat to Europe , the UK must remain a positive participant in the F-35 programme . No doubt the Palestinian Al-Haq group are funded by Iran , a major ally of Russia. The UK needs to wake up to World Politics and support its Arms Industry.

The Major Problem of Human Rights is that they can be used drip/drip to attack the fabric of our country. Just as Martin Lewis and his Ilk continually attack the fabric of British Banks. Nobody pretends that all banks are perfect , but this continual drip/drip attack does have consequences and can cause more problems than it resolves.

A Great Future.

With the Gold Price appearing to be consolidating around $3250 per oz. , and PAF with its low cost Gold recovery developments looking at an average cost of $1500 per oz. ; share holders with patience will smile all the way to the Bank.

By Dec. 2025 PAF projects to recover some 275000 ozs. Gold annually at a recovery cost of $1500 per oz. With a CEO who believes share holders need to be rewarded for their investment in the company, the future is bright.

JLP Problem

The number one duty of a CEO and B.O.D. is to reward shareholders for their investment in their company. Shareholders are rewarded by the company paying a dividend, and or operating a share buy back schemer, and or showing steady share price appreciation. JLP fails to achieve any of the above.

LC appears to believe his first duty to the company is to purchase assets by issuing ever more shares. This results in share holding dilution and share price collapse.

Now for the vast majority of companies; the CEO and the BOD have their service rewards tied to some form of share price performance. But for LC and his immediate team their annual rewards are determined by how much cash is spent (?invested), annually in the company. Until there is a direct link of some type between LC and his immediate team to share price performance; I can just see more share holder misery.

Car Finance

Well Bailey got it right with the B.O.E. slowly reducing interest rates , but keeping a handle on Inflation. Now if the Labour Government wants growth, they will have to ensure that the institutions providing car finance are not hammered by the likes of Martin Lewes and his lawyer mates. These persons do no work but live off the efforts of others.

Thousands of motor vehicles are involved in minor/major road accidents yearly in the UK. Providing finance to persons purchasing a new/fresh car involves assessing costs arising from this yearly for example risk. Providing Car finance is not a low risk activity.

The Government needs to help the British car industry; this means stopping Lewes and his Ilk from destroying the UK Car Finance Industry.

Gold is a great store of value but offers no returns. To obtain gearing with an increasing gold price one needs to invest in a well run, top managed Gold mining share paying a dividend. PAF meets all of the above requirements.

Currently PAF cost of production is some $1500 per oz , with Gold above $3000 per oz ; PAF is printing money. It also has the advantage of expansion coming from key pipeline projects. Furthermore the company has given up its Sudan Project and in reverse has entered the Australian Mining Jurisdiction at just the right moment. This move has occurred because Management was prepared to grasp the nettle at just the correct moment; also betting on their current expertise for success.

I believe the car finance issue will prove to be a non event.

The vast majority of cars purchased in the UK are purchased with finance from UK banks. No member of the UK public believes that car salesmen, or persons providing finance to help purchase a car works for free. Joe public shops around for the best deal to help he/she purchase a car with finance.

The above system appears to myself totally fair, and anyway with D. Trump going totally mad , the UK Government does not want the UK car industry totally destroyed. Ready finance for the purchase of cars in the UK needs to continue, and not be destroyed for the benefit of the likes of Martin Lewes.

I am waiting for a copper update from Zambia , but in the meantime an ever growing exponential volume of shares are traded. This makes myself nervous is the company about to be brought out. We need management to tell share holders what is happening.

Trump has proved to be the best thing for Gold since sliced bread arrived for the UK public.

PAF will be producing 300,000 ozs by the end of 2025 , and now that the company is moving away from expensive dangerous recovery of gold at depth , it is all to play for in the future.

With Gold averaging above $3000 per ozs for the last two months, and PAF having a recovery cost of about $1500 per ozs long may it all last. Although I do not expect gold price to rise much further this calendar year, with now a period of consolidation.

But PAF has the prospect of falling recovery costs as more surface type recovery schemes come on line.

Chester Green totally agree with you about Capital Expenditure, $17.8m and $25.4m are very different figures both recorded in report. If as you suggest the $17.8m is capital spent on plant, and the $25.4m represents capital spent on plant plus capital spent on services etc required to use , access and have means to operate plant. Then share holders must be told the true divisions of capital costs.

Thank you for observation.

My board is full of Asperger 1 fantasy portfolios. Please may we have comments on Lloyds Bank, thank you.

Now the company has a FD who knows what is happening and tells share holders the truth, matters are picking up. With regard to the excess PGM enhanced tails arising from increased Chrome recovery , currently these tails are totally a byproduct of increased chrome concentrate production. My understanding of this source coming from freshly mined material is if left in a dump , these tails will oxidise over time and recovery of PGMs will be lowered . I am very relieved that LC is using these tails as a source of cash for the benefit of share holders with a JV.

Starmer needs to understand "Time and Tide wait for no man". This applies equally to his Government, as it does to the Plastic Boat Loads of Migrants crossing the channel whenever weather permitting.

My system which is very basic, showed some 19 m shares traded today, mostly at the close of play. Thus I wonder what is happening and whether info is leaking out. I long for the day when JLP becomes a more predictable share, although the journey up to now has been interesting and at times exciting.

But although company reporting has improved with time, from diabolical to now poor, and we are all here basically to make money.

PLEASE can we have an RNS on Roan thus removing misdirected ideas of share holders, as I am certain I am not the only share holder looking at market trades and wondering what the hell was happening today.

Please do not turn this BB into a football history etc. I know waiting for definite news on Roan is a big bore. But frankly I find football and politics equally boring, so whilst I wait for news on Roan I try to create butterfly habitat in the garden. As a boy I remember the UK had vast numbers of butterflies and not much football or politics , it was idyllic.