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Can we assume the SP is suffering due to the problems at Boeing ?

Specifically the 737. Anyone close to the industry know if the problems are being address, so the sentiment can return.

https://www.wsj.com/business/airlines/disarray-boeing-factory-door-plug-blowout-f063e27e

https://www.sharecast.com/news/aim-bulletin/boeing-approves-velocity-composites-to-supply-737-max-programme--7249124.html

The MM's may have walked the price around to acommodate my limit buy order. (15.59 at 22.1345)

I've seen this kind of thing a few times with all kinds of different shares over the years when I've put in a large (for me) limit orders.

Closed today and Monday. We'll see on Tuesday))

Gold price is astounding.

Berenberg raises Pan African Resources price target to 28 (25) pence - 'buy'

Hi Mulder. Are you sure PAF will be releasing a Q! update ? Is there a link you can share about this. They usually do an update every six months.

https://www.panafricanresources.com/investors/

They have an investors event on the 10th, so hopefully an update or new presentation to go with it. Events Diary :

Gold Forum Europe Conference 9-10 April 2024

Zurich, Switzerland, Cobus Loots, CEO of Pan African Resources will be presenting on Wednesday, April 10 at 13:50 CET.

Anyone looked up the US LAW involved ?

I can't help wondering if it was the impossibility of that tender offer in the first place.

Replacing a dividend with an offer of buying your share using that same dividend money never made any sense.

Gold on fire again ! $2192. Surprised the SP here hasn't leaped up again.

The 20's feel low when considering the company is making money hand over fist right now.

Probably best to consult the Edison Research on PAF.

https://www.edisongroup.com/research/a-happy-valentine/33260/

Is the most recent update which lists their various operations and expected production ounces.

More on their main page going back with all their updates.

https://www.edisongroup.com/equity/pan-african-resources/

I understand your point on concentration on a main mine, however with a resources in the millions of ounces, its considered a cash cow for all the foreseeable future. I actually see it as attractive for the company.

Cheers and GL.

Hi Selpec.

How long is a piece of string? Paf has a new tailings plant, Mintails, for 50k ounces a year starting to produce in a few months which doesn't seem to priced in at all. The P/E is very low as it is, so any weakness under 20p if the POG pulls back is a buy, as the new mine should take care of a rise back to the 20s anyway. This first quarter of the year has been very profitable for PAF, in fact their most profitable quarter ever imo.

I am surprised Adage Capital haven't closed their short position and taken the profit. The positions have increased instead of started to close after "Record average net daily production".

I know gas Natural Gas is volatile and low at the moment. Does anyone know if this an industry wide position as far as shorting is concerned, and generally goes along with low gas prices ?

Not good to see such a weighty name like JP Morgan on the list. Also not exactly inspiring for holders sitting on massive capital losses to see shares being awarded instead of bought by directors.

Jpmorgan Asset Management (Uk) Ltd 0.65% 0.00% 20 Mar 2024

Voleon Capital Management Lp 1.20% 0.10% 20 Mar 2024

Walleye Capital Llc 0.98% -0.02% 14 Mar 2024

Millennium Capital Partners Llp 0.51% 0.00% 14 Feb 2024

Connor, Clark & Lunn Investment Management Ltd 0.51% 0.00% 19 Jan 2024

Adage Capital Management L.p. 0.66% 0.00% 1 Mar 2023

For a deal that's 99% done, the last percentage is taking forever .

Or is this just a "Nigerian Percentage" ?

I had to double then triple take looking at this to believe it.

£1,724.6 or 41,198.76 ZAR !

Can we get past 22.3p ?

Surely this will be a record quarter if guidance production has kept up.

Hi 88v8

Complete sympathy, at over 100p in old money the company narrative was "maintaining the dividend level is the highest importance' etc. SP trashed in a year and shows how much Rusty and the company BOD can ultimately be trusted. The writing was on the wall for months and none of us are really surprised. I do think this will cause the short positions to close however because they bet on the company to go bust and that is not happening. The yield is attractive enough for new investors, so I actually think the SP will settle well above 1000p, in the weeks ahead.

If one is sitting on a 50% or more capital loss, is it really worth selling ? Or sticking to collect a lower divi for the next 3 years with the short closures, buybacks and lowering debt fundamentals providing the SP lift instead. I'll be sticking and DRIP the dividends. Buying more DEC shares from now to lower averages will not be considered "Watering the weeds" IMO.

And the tender offer terminated (no surprise there for me as it was nonsense imo), the SP will not be recovering to levels a year ago any time soon, but debt will be lower and the business will not be going down. Shorts could well have close.

Hi Mulder.

I can't see much in the news either. the usual caution about US rate decision / SA economy etc.

Trade-wise, I can only think this must be just profit taking after the recent rise. There is strong resistance at 22.2/22.3 and touching it again seems to have caused a sell off.

Hi nimrod22. Will any of these be incrementing their potential production by 25% like PAF in 2024 ?

The Mintails project is set to start in a few months and expected to deliver 50k oz per annum.

Yeah, it's odd that people haven't piled into miners (yet).

Gold up 8% since Valentines which should mean PAF up by about 18%, which actually it is (as each percentage point means a bit more than double the percentage as an increase in profits).

That said, it's the nature of the gold price consistently averaging above 2000 since December that like others I would think makes miners still a bargain.

IMO It means none of Mintails is yet priced in, so surely another big boost late this year.

The breakout is now confirmed on the 5 year chart too. There was a long downward trend line that joined the three previous highs and today's price is now well above that trend line.

Andy. Obviously not.

But clearly your maths is inept for you to ask such a stupid question.

If only 1% of share holdings opt the tender.

It doesn't ever work out.

The only way dec can tender any shares at all is by spending more than $42m.

Even if only 1% are tendered, the number of shares they can buy can never cover the number that will still require the dividend.

The spend required will ALWAYS be more than the 42m.