RE: sp16 Oct 2018 22:44
ODONNELL, can I ask "Why NOT?". This is one of the lowest AISC gold producing miners, albeit small, in the world! Yes, there have been many problems which could have sunk them, now overcome (I think?). Yes, the jurisdiction is not great (coming from an ex South African!) but, while political focus is going to be to survive as a ruling party with so much bleeding from corruption exposure and a realisation that mining investment could provide jobs (high unemployment etc.) . My humble opinion is that if the POG goes northwards, the leverage here is going to be such that no short term investor can resist the returns! Not talking long-term - just the next 2 years +/-! Just like Doug Casey made a fortune from un-loved SA gold mines (Leslie etc..) in the dark 1980's when there was a near full blown civil war!
Look, you have to understand this is Africa - the risk /reward ratio is high! Good luck with your investments! I think PAF will soar to 20p and above over the ensuing 2 years hence I am accumulating!