Member Info for Eish

POG on London Forex $1313 after a drop to as low as $1274 yesterday. I wonder who is supporting the POG as the Chinese are on holiday, except the Bank of China of course? But still expecting POG to dwindle down to $1270 range, then the up-turn, its got to come!

I agree with S4KSecurity, good news today and a great pity it took so long for the share price to creep to the mid-130's and then tumble down on a $30 drop in the POG yesterday. I'd say this is top-up time! The world is becoming more volatile, Au will be under pressure for a week or two, imho, then a Black Swan will hit us to start the next Bull Run up!!!

Never mind, there will probably be further large drops as the POG settles in the $1250 range, I guess? The next up-leg is going to be steep, imho! Cathartic process!

How far and how for how long? Was predicted as we have been bumbling along for quite some time! Maybe this is cathartic before the next dramatic up-leg but, when?

Thanks for explaining the RNS, Sambora and Grammadux. I agree with Banksman, the company is effectively owned by MNG which means us PI's have no role to effect anything. We are effectively just passengers. Glad I scurried out with a minor loss a while ago! One to watch occasionally from the side-lines, imho! Interesting situation here.

What a fabulous RNS and bodes well for Shanta in the future! Good prospects here! I can see 20 pence soon!

PAF produces gold at 900 dollar/ounce - already considered a very low cost producer. Their next project is recycling of Kinross, Winkel-hak and Leslie mine dumps adding another 50000 ounce/year for 14 YEARS! Therefore this will take its All-in-Cost even lower than 900 dollars. Plus, PAF's debt is small by comparison. It has been said that PAF is one of the best miners in the world as far as gold is concerned (quote?) . Its jurisdiction is not the the best but it has very good affirmative partners - Ramaphosa and Sanduka. So does this help?

As Brandaneman points out, Loots is an accountant and perhaps does not have "a miners cut throat instinct" , something like Bristow from Randgold - to gobble up the next potential winning resource? I note there are a few high grade new very discoveries in SA. Unfortunately one is 1 to 2km deep in the Orange Free State. So quo vadis, where to next or are they going to rest on their laurels and just tick over? It was actually Jan Nelson (now ex-Xtract) who put PAF on the map, correct? So we are relatively new.

Banksman, the reason why P/E ratio is so low is because PAF is a relatively new entity, imho. PAF needs to "convince investors" that it is the "real deal" and not some fly by night operation. So for those like me and you, who think it is a bargain because we see value long term, we buy while the market makes up its mind about PAF. This means we have hopefully got in cheaply. As the "herd" realise this is a good company the price will shoot up. Of course, you mention the jurisdiction - there has always been a controversial political situation in Southern Africa. No reason why we cannot make a buck in the mean time! At the moment they (the ANC) have enough on their plate as Universities burn and the track record of 20 years rule comes under local scrutiny. My forecast will be for the price/earnings ratio to up to 15 or 20 as price of shares go up, reflecting PAF's intrinsic value. My thinking anyway!

Agree! If POG moves up, the next dividend will be substantially more! What is your gut feeling for this share price in one year's time? Let's say the forecasts are accurate and POG reaches $1500/Oz? 25 to 30pence?

Deepsurvey1, never mind the list of Italian Banks, Spanish, Portuguese......Long list of banks in trouble and all inter-linked in one way or another? So if one domino fall?...... Glad I believe in gold.

Dotlink, the dominos are going to fall at Deutsche Bank, so who is going to save them? Have you seen the share price trend and followed news on Deutsche? Its a mess and not helped by Merckel's comments. Then Trilions up in the air, Lehman was but a drop in the ocean in comparison. How can this juggernaut be reversed? Our Black Swann is circling, imho! If anything, this could be a game changer for the POG.

Read : https://masterinvestor.co.uk/commodities/get-back-into-gold-with-caledonia-mining/ Bright future ahead and note increased production with lowered mining costs of 80,000Oz by 2020 They feel the political climate is stable, wow!

Great to see the Directors buying the company shares. Nearly 250,000 and 137,000. They must know that this company is marching forwards, surely!!!

I meant Lehmann look minute by comparison!

Excellent milestone while many other goldies are red or yellow for the day! Au looks like it will retract again and somebody whispered in my ear that the end of the month is option time! Could be that the European Banking sector is our next Black Swann event. So many, and in focus particularly Deutsche Bank are on the brink. Would make Leymann

Thought I might as well paste the 1/2 year report for CMCL - so good, I dipped in for the long term again today! Commenting on the results for the quarter and half year to June 30, 2016, Steve Curtis, Caledonia's President and Chief Executive Officer said: "The results for the second quarter represent a substantial improvement on previous quarters as we begin to see the benefits of the continued investment at Blanket and as a result of the improved gold price. Adjusted earnings per share in the second quarter were 144 per cent higher than quarter 1 of 2016 and over 300 per cent higher than in the second quarter of 2015. Caledonia remains confident of meeting market expectations for the remainder of 2016. "A new production record was largely the result of improved underground logistics and increased mine flexibility as a result of the implementation of the Revised Investment Plan at Blanket Mine. This achievement is a testament to the hard work of the management and employees at Blanket Mine and the technical team at Caledonia over the last 18 months. "Gold production in the quarter was 15.6 per cent higher than the first quarter of 2016 due to the increased tonnes mined and milled and the improved grade. The average feed grade in the quarter was 3.47 grammes per tonne compared to 3.16 grammes per tonne in quarter 1 and 3.25 grammes per tonne in 2015. The higher grade was as planned and reflects the commencement of production from the AR South and Blanket ore bodies below 750 meters. In future quarters I expect the grade will improve towards 4 grammes per tonne as production from higher grade, deeper ore bodies increases. "Our increased confidence in the future financial performance of the group is reflected in the increase in Caledonia's dividend. With effect from the end of July 2016,Caledonia's dividend has increased by 22 per cent from 1.125 cents per quarter to 1.375 cents per quarter. Caledonia's dividend remains sustainable with dividend cover for the quarter of over 4 times earnings and 10 times operating cash flow. "Higher production results in a lower average cost per ounce as fixed costs are spread over more production ounces. The All-In Sustaining cost for the quarter was $936 per ounce - 9.5 per cent lower than the comparable quarter of 2015. Costs at Blanket and Caledonia remain well-controlled and I expect to see further reductions in the average cost per ounce as production increases in terms of the production plan. "Improved profitability was also reflected in Caledonia's improved cash position. At June 30, 2016 Caledonia had cash of $10.6 million and no debt, compared to net cash of $8.8 million at March 31, 2016. In early August 2016, Blanket re-commenced dividend payments after approximately 18 months during which dividends were suspended so that it could re-invest its operating cash flows in terms of the Revised Investment Plan. The resumption of dividend payments by Blanket will further

So our mine restarts, the first US Debate is history, POG steady at $13336 and relatively no sp movement here. In the background Black Swann's are circling, chief culprit Deutsche Bank. Really no movement here, to get excited about and we are expected to reach the target of 750,000Oz for the year. What next?

Thanks and I clearly don't have my eye on coal. But, every little bit helps! I just wish the POG would double in 6/12!

Greeno, what's with this coking-coal news? Not sure what you meant with the link, my friend?