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How great is this ! Gold is going stellar, and PAF finally got some inertia. just been away for a few days.

The profit potential has gone up by more than 25% with this move so the SP should follow suit.

I have a feeling my next selling target of 23p will be much sooner than I thought, so I will deliberate at that time.

If we're 26p by late April, then apart from being still undervalued for Mintails, I'd have paid for my extension just on PAF shares and still have 100s of 1000s left.

Late 20s....

Exactly Davidcharles. The maths doesn't add up.

Dec must have money above the $42m set aside for dividends to pay for shares. So either its a nonsense, and there will be almost none in the tender, or they'll be a bunch and Dec have a larger amount of cash to buy them than the market realises. There's no chance any II's would take this up. This is entirely to spook shorters, share lenders and get rid of some retail holders, that's IMO.

Hi HarrisM

Agree totally, results for Bluefield and UKW, also both showing great discounts to NAV. Bluefield just announced a buyback and UKW's is ongoing. I would not be surprised to see NESF announce a buyback whilst this discount is ongoing.

The problem then is that M&A action might well come from abroad, but BP and SSE could be interested. We'll see, but I'm not counting on it. Buy weakness and DRIP dividends. Rates coming down in 2024 will be great for the sector too. Interesting comments by tichtich about the NAV calculations on the Bluefield board, here https://www.lse.co.uk/ShareChat.html?ShareTicker=BSIF&share=Bluefield-Solar

Hi damofarl, and today was also ex-dividend day, and a 2% drop back to NAV, 57.25 cents.

Yep, missed out on a shopping trip or two selling a tranche yesterday, but hey, I needed the cash for a building project.

The next time I'll need some cash from investments will be mid to late April. 23p would be nice !!

Well it all looks hunky dory to me. 6 cents total dividend, and no doubt a few questions about the Exxon deal at lunchtime. They have the cash at the ready so good to go, maybe some shares deals in the background still ongoing by powers that be. They've proved beyond doubt, if they ever had to prove it, to be the right company to take those assets forward. Seplat has been and is such a good investment in my portfolio,

Yep.. I sold some at 18.6 today. If it goes up so be it, I'll use the cash for the builders.

The Short Sellers are mainly LSE based so the daily pattern has recently been sell in London, buy in New York.

Also London has constant outflows since Brexit so if the pattern stays the the morning will be a sell off to under 1000p then a rise in the afternoon.

However, ex-div being on Thursday could mean, and we all hope it does, extra strength in both exchanges and a finish above 1100.

Hi Selpec et al, just looked at that trade with the price late 18s but I'm holding off. I can get an immediate quote for £50k worth of shares which is a chunky trade for PAF and very large trade for me. It means shares are in demand.

Also POG has just broken above a decreasing trend line on the 4 hour chart.

The next resistance looks like 19.2/19.3 so I'll wait until that or if the POG continues that recent down trend.

We'll see. GL

Well the maths doesn't even add up IMO. The offer is to buy shares up to a maximum spend of the dividend, which even if they did would be less than 10% of the shares held and still mean they have to spend over $35m on divs anyway.

Apart from being an offer aimed directly at lenders of shares, then what is it, confusion to shorters, or profit for anyone who bought recently under 935, which is a price they reserve the right to change anyway, or just that, a way to get any numbers of shares canceled, which I agree is a good thing.

The next reporting we can pretty well take as being a boring steady ship with another dividend announced.

The gas price seems to be the only blip, but that's the point of those long term hedges, so the effect for us is not that bad, unlike at Chesapeake Energy for example.

Yet again the main concerns become the declination rate of the operating wells to keep servicing debts and divs, and potential future fines/litigation for leaking wells.

IMO with all these hedges in place, they could announce the next 3 or 4 dividends and dates. That would put a rocket up these short sellers and bring the SP back to some sort of reasonable level.

Well, I do not understand the point of this tender unless it's to confuse shorters.

On the basis that DEC do not have several hundred million dollars at their disposal, which is the amount required to purchase a significant percentage of their shares from their institutional holders, then this offer must surely be aimed at people who wish to sell their shares this week. Buyers from 900p for example.

Short positions are increasing daily.

If anything I might be tempted to sell then trade before the ex-div gap down, if there is a run up to ex-div, but not to take up this offer.

Are they buying any or what then ?

USD/ZAR rate went up by 2% yesterday, yet the SP went down with it.

The more rand to the dollar, surely the better.

Mulder if your manipulation theory has got traction then the low SP must only have months or even weeks left for these mysterious buyers to fill their positions.

Hi Sharehunter, that maybe the case but it is clearly not reflected in the shareprice.

32p. Not exactly what we would expect if there was any sort of increase in any type of order.

Just pipped over 18.3 this morning. Good sign the SP can break through that recent resistance especially if the POG holds up or even better, gets another few 10s of $ added to the price.

What's the betting his cousin is Scottish and now owns a few impact drivers, so he's registered as a drilling company.

Agree. It's just a rinse and repeat exploration company now, except there is no herd or liquidity. Even if Stifano just paid a load of rampers and set the rumour mill going about a takeover / JV or some other unlikely rubbish, at least that would be some sort of actual strategy. Better than his cousins and his mates with a van load of black&decker drills and spades doing "drilling" to up the resources by a few ounces for 200 grand a month.

One of the most annoying things whilst we wait for some kind of news that might cause a trading spike is the pathetic way they are making sure the the SP movement is always blue by buying tiny amounts of shares regularly at the top end of the price. Just look at todays trades. 180 shares at 9.5p valued at £17.50, and that was one of the larger trades !!

Edison reports with much higher valuations than the SP have come and gone many times here without any share price movements. Is there something else afoot ? Like a takeover sniff....

Is this just a market reactions to the gold price or better, finally the start of a more upwards mid 20's valuation we've all expected. Chart still looking strong.

Might be tempted try a trade on some of my holding, sell then buy cheaper, if the SP gets quick momentum to the late 18's. We'll see.

Even a dead Joe Biden operated by strings is better for the USA and the world than Trump.

Jeez. The USA has really gone down the facshistic conspiracy rabbit hole. All sense and reason flushed away with it.

Just looking at AEWU

From 28th Feb 2023 : NAV of £166.24 million or 104.93 pence per share as at 31 December 2022

SP was several % discount to NAV and then sold down to 92p by March 31st 2023.

From 25th Jan 2024 : NAV of £164.02 million or 103.53 pence per share as at 31 December 2023

Feb 2024, SP has already sold down to 90p so now at around the historical lower band of SP movements before CV19.

2p Dividend looks secure enough, so IMO this looks like a March buying opportunity especially if the SP dips into the mid 80s with sentiment likely lower due to the Portsmouth sale, Wilko and the cinema asset.

https://youtu.be/V-u1Tqmt6HU