Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One of the critiques by short sellers was because the dividend was not sustainable. Therefore a decrease makes it more sustainable. Didn't realise this was in question.
Anyone going ?
We could get an answer on the significance of 3750 during the Q&A.
The Short position is 5.87% now ! I would have thought the dividend decrease and consequential rise form 900 would have sparked some short closures but hardly at all. How is the company is going to deal with this. IMO the SP must get higher as the business depends on Acquisitions.
Also gauge how stupid they think we actually are. Someone came up with that ridiculous idea the dividend cash could buy shares that opted out of the dividend, when it was mathematically impossible.
Yeah, if we could all predict the market we'd all be millionaires much sooner. I bought back yesterday at 24.5, and could have got less than24 today. At least the SP bounced off the trend line on the one hour chart which I mentioned this morning. Image showing that here. https://postimg.cc/c6Ld2kLF
GDX is up and VanEck Vectors Gold Miners ETF are both higher today too. POG recovering too.
We'll see..
An improved production guidance RNS would be nice to see Mr Loots ?
Yeah, I jumped back in yesterday with my trading cash, the good news type feeling in South Africa could have a great effect on our guidance, production and so the SP too. 33 days without load-shedding so far.
The one hour chart shows an uptrend with a current low around 24p, the daily chart shows the bottom of the trend around 20p but that would mean the gold price breaking down to around $2130 on its daily chart uptrend. POG one hour chart is on a down trend, and the POG bounced right off the bottom of that trend yesterday. Down trends of course break upwards and that would be about $2350.
https://mybroadband.co.za/news/investing/534721-cautious-optimism-about-load-shedding.html
https://www.news24.com/news24/southafrica/news/33-load-shedding-free-days-crime-is-down-business-is-up-as-lights-stay-on-20240502
Thinking aloud about China's relentless gold buying as part of the speculation they are preparing for an invasion of Taiwan. Would the USA/West step in and out bid China to stop them getting it, so sending gold on a tremendous spike upwards ?
Nearly 10 pence down today. Oil price down a bit but wouldn't knock off 9 to 10p.
Without any reason other than profit taking or a June sign off means a few months delay hence another buying opportunity and DRIP days 29th May and 14th June.
So you think PAF will break rank, defy its history and behave like an American growth share...
Well I'd love to see it !!
Back in.. Now very overweight.
If there is a retrace to 23 or lower, I will be massively overweight..
Yield has loads to do with mining share market valuations, see FRES/CEY/GLEN/RIO etc. Hence why the mid 20's for PAF is a barrier. The market would only price PAF at 80p if there was seen to be a corresponding return, and that would be dividends and so a reasonable yield. Or if the POG went absolutely nuts, say $3000.
The UK based shareholders are subject to holding tax but not the SA holders.
If there is a 2c/3c dividend with the yearly results in August/September, then an SP in the late 20s/30s would be justified, which is about right if there is to be a gradual rise towards Mintails coming on line end of the year and production included in results for 2024 to 2025.
IMO To justify an SP of 80p they would have to be paying around a 5p/6p annual dividend. Not anytime soon, but perhaps in several years.
Agree about the chart, I was watching from 4pm today, unlike me as I tend to try and do anything but watch the market that closely as it tends to make me buy or sell too early. The gold price was bouncing off recent support at 2294, and PAF on about 24.25 which would be good to buyback my sale of the wow afternoon in the 25s, but IMO POG will break lower than 2294 and PAF could present opportunities in the 23s or lower. A really positive update increasing the annual guidance should strengthen the mid 20s which would also be great for my long term holdings. We'll see.
Hi Both, I'm expecting an update and dividend declaration this week, 2p is what we all expect.
Last year was a Wednesday (26th) , and 2022 was a Thursday (21st) but with much more going on. I increased my holdings greatly on Monday, hopefully not too early if there is a large FTSE retrace, but as we've noted, the low 80s is rock bottom on our chart.
Bit of a drop today.. Must be profit taking and the POG retreat.
I'm keeping a watch for my target buy prices well under 23p for my trading capital. Maybe if the POG goes down to mid 2200s or lower and stays it will present more buying opportunities for PAF shares.
A quarterly update, as I outlined before may not be as radical as the gold price suggests due to the POG movements averaged out Jan to March unless as we've speculated the guidance is corrected by 10k ounces or back up towards 200k for the year. Certainly the 6 month update in July should be nothing short of the companies best ever year IMO.
And another 3.18% Return for the quarter. Great stuff.
I've increased my holding here recently, the discount to NAV very attractive.
Cheers all ))
In order to do anything with them, he has to come up with some sort of story or event, whether it be real actual mining or a takeover rumour as examples, to get some volume and liquidity and tempt gullible investors to buy into a rise.
I can't see it happening.
If he had developed the mine in the last two years, it would be producing by now and the SP would have rocketed upwards gaining proper investment with the current POG . Being pigs with snouts in the current trough will never come close to the money they could have made by actually developing the mine.
Please call him out. Tempted to go myself.
I reinvested today after top slicing elsewhere.
Perhaps too early if this ftse rise reverses but the expected dividend next couple of weeks and then DRIP into a mid to long term hold should be fine and somewhat a level of insulation.
Have to say, I do like Mrs. Edith Onwuchekwa's signature.
Great recovery today once the market realised what was happening with the drop in revenue.
And wow
I make it 1.77%... 2.5p Dividend / 141p Share price.
Where do you get 6% ?
SeaTank8300. Thanks.
As usual always very grateful for your enlightening and researched contributions on this forum.
So if the figures today were "underlifted" then the next quarter will look awesome instead, right ?
The cash position is down due to this "being paid later" which takes the position lower than the Exxon Deal requirements.
So are we looking at another 3 months waiting to get cash back up or they will just use debt facilities.
IMO no worries either way, a lower SP is good for DRIPs and possible trading to get averages lower.
Down 6% on the day, which still takes us above the recent support of early 149.