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I predict both GGP and PAF ( my only 2 goldies ) will have a great week next week and in terms of PAF the market will understand the significance of the news out today that Wheaton International have just bought for equiv of PAF around 45p a share for a pre-producing asset in same jurisdiction - and will go ex div on 30th november on a 6% yield :)
Get your tickets early for the ride there it could go mental IMO
Yes i just seen that shalmar :-) further evidence if needed why current profitable operations like PAF are in the sights of bidders right now and we just seen today that Wheaton International have already bought Gold assets in SA at a tidy price. PAF are in play now bigtime IMO
"Rick Bensignor, president of Bensignor Investment Strategies speaks to IGTV financial analyst Angeline Ong to explain why technical signals suggest that if certain levels are achieved, the next level for gold prices is around $2,400 per ounce.
The latest on gold :
Lastly, Bensignor talks about gold and its recent price movements. While there has been some volatility, the medium-term outlook for gold has improved. He thinks that if interest rates drop below 4% on the US 10-year Treasury yield, it could cause gold to rise to new all-time highs. Bensignor even gives a target price of $2,450.00 if this happens. So, he believes that lower interest rates could be a win for gold investors. "
We could well be in the press over the weekend after that news from Wheaton deal - as i said before i doubt you will find a better takeover candidate out there at the moment for Gold Assets in South Africa. If Wheaton International are prepared to pay huge sums for a pre production gold asset in our backyard we should take notice.
Wait till the market realizes the significance of this deal :-)
Rebster, i have been in GGP since the 0.50p days and still hold a chunk from that price, which should tell you i think more is to come here :-) 2024 could be the year much of our hopes come to fruition and especially if the Gold prices continues its bull run.
I now only hold two Gold shares in my entire portfolio , Greatland and PAF ( who incidentally could be subject to bid interest soon after seeing the news just out that Wheaton International have just bought South African Gold assets ) and they due to pay a nice dividend on the 30th november too :-) big money to be made there IMO
This should light the afterburners on this share , surely PAF is being eyed for a Takeover now given its huge under-valuation by the market currently and its super ROI figures. Im adding !
https://www.barrons.com/articles/wheaton-precious-metals-announces-the-acquisition-of-existing-streams-from-orion-mine-finance-including-the-platreef-and-kudz-ze-kayah-projects-and-enters-into-a-new-stream-on-the-curraghinalt-project-b004f556?mod=news_archive
Gavster, absolutely this is a prime takeover target IMO , like i said if one of the regional big boys offered something like 25p a share and a 3 for 10 in new shares i suspect holders here would accept it . We are being valued at just 3 x PE with low debt and healthy dividend cover :-) and what is key for TO is a simple share structure which means the "corporate and legals" can be concluded swiftly.
I doubt there is a better opportunity out there at the moment in terms of Undervalued Gold Mines that could be aquired at bargain levels yet still net its shareholders a tasty windfall.
Yes and it could go way higher still IMO , worth noting that PAF have an AGM next thursday and are likely to give a market update beforehand or on the day. We know lots of positive things going on with production levels and the targets they have in place so might be a very good read that RNS.
We go ex-div on the 30th november too, current yield is near 6% so i expect this to move up notably into those timelines on both fronts.
Gavster, i truly think that PAF are in a great place right now and will benefit from those other things i mentioned ( re - higher gold price , favourable currency gains, and added production from Mintails etc ) and we should see rapid progress over the next year or two on the SP. Remember there are very few profitable Gold Mines available at reasonable prices in established Mining jurisdictions,thats why the likes of Barrick and Harmony to name a few are actively looking for easy takeovers compared with trying to start from scratch developing new mines which entails many headaches and years of hard work just to get a "resource developed and ready to mine " and huge sums of money involved on the Capex side of things.
Like i said earlier if one of the very big boys came in with an all share offer of say 25p plus something like a 3 for 10 in terms of new shares in their outfit i am sure that would tempt the shareholders here and also management / directors, of course they might also be offered jobs in the new venture too with tasty share packages.
Its game on IMVHO
Actually the situation over there now has changed somewhat of late,leading figures have recognised the importance of the industry and its importance to the economy.If anything they are more likely to introduce more miner friendly regulations to encourage Foreign Investment in the sector. Anyway in terms of PAF i would not be suprised to see a stark uplift next year in the EPS here - many things are coming into alignment like the vastly increased Gold price, the level of the SA Rand, and the ongoing additional production from Mintails to name but a few. I still say watch out for a potential TAKEOVER here as there are not many solid companies like this trading at such a discount in this sector.
We are due a dividend of around a 6% yield on the 30th November shortly, and i for one will re-invest that here as i think the company is set for a couple of very good years ahead for reasons stated previously :-)
Have been running the slide-rule over PAF,s numbers and forecasts for next few years, and i can only come to the conclusion that Pan African is now a PRIME takeover target for one of the regional big boys. Currently trading at just a PE of 3 and yielding near 6% dividend ( going ex - div on 30th November ) with greatly improved production figures and the additional hefty Mintails production coming on stream soon. And of course GOLD is now on a solid bull run heading towards $2k troy and above.
I doubt there is a better opportunity out there for someone looking at a solid well run company operating in that region with scope for massive upgrades, for example a bid of say 25p a share ( and shares in new entity ) would likely be accepted by shareholders here,but the buyer would be getting one heck of a prize to build on. I fully expect this to be subject to a takeover bid in the near future and an impending re-rate.
Giovs, its all there in the RNS :-) incredible this has been hammered this morning but the savvy buyers will be licking their lips and if it goes sub 1p i suspect it will attract record volume on the buy side ( despite kibo antics ) .
The flexible power market is going to be huge over the next 20 years especially in the UK so MAST have a unique opportunity to bank some amazing deals and profits.
Giovs, i think we should start to get excited here ,all the signs are that we are in play now and have some very exciting new partners and projects. Imagine once we have 2 or 3 up and running :-)
Well some large delayed buys are likely IMO i think someone bought big this morning on the tree shake, we have £6m coming into the coffers shortly ( twice current Mcap ) .
We are in for a lively close / open tomorrow as news is digested, big moves are afoot IMO
I think tomorrow this is going to get noticed big time , should start a tasy re-rate with those large funds just a matter of days away :-)
(Alliance News) - Mast Energy Developments PLC said on Monday it had signed a "replacement first definitive and binding joint venture agreement" with Proventure Holdings (UK) Ltd.Back in July, Mast Energy finalised a joint venture agreement with an institutional investor-led consortium led by Seira Capital Ltd. But the principal of Seira Capital was involved in a tragic road accident early in August, prompting a revision of the long-stop date of the agreement.
Mast Energy said in August it had received the full co-operation of the investor consortium and had already agreed on how the revised completion long-stop date can be met. In terms of this agreement, Mast Energy said on Monday Proventure is required to make an initial interim payment of GBP2.0 million to the joint venture special purpose vehicle to be received no later than November 10.
The London-based developer of reserve power generations plants expects the completion long-stop date for the joint venture agreement, as well as the payment of the balance of the investment amounting to GBP3.9 million, by no later than November 30.
I had two easy day trades on this today but still hold a medium term core holding orbeit under £7k ,is nice to see the progress though i must say is very welcome indeed.
Have been abit distracted by the huge RNS at MAST today though, would be nice to see that mirroring the big move here today tomorrow,has every chance given how close they about to get the cash windfall - easy 200% there IMO
Is looking like we could be on for a lively afternoon and open tomorrow , todays news not widely seen yet too, am also considering putting this in a tax free wrapper as i just see solid and rapid increase in market cap here. This first JV now concluded today should support us around the 3p level for starters,then the second JV may bring us a doubling or trebling again ( with investors knowing near term value assured ).
Could we soon be a star on the smallcap market ? has every chance IMO
Take a look at who is backing Pro Venture Holdings,these are savvy moneymakers with connections in very high places, have to say its quite an achievement to have landed deals with these guys. The market will go mental on this share once the news is understood and digested....twice the current market cap is coming shortly in cash on just this first deal so imagine a little down the road when deal 2 and 3 up and running. Think we will see 3p+ on this first JV though which is near 300% increase on todays SP ....that first tranche could land anytime from tomorrow IMO
Im adding more :-)