Member Info for Gavster-NBC

Well it takes all sorts.. I'll be rounding up all my holdings to be divisible by 20 in the coming days.

Also..

@TheTrotsky Why kind of SIPP do you have that is free from th US dividend tax ? I pay the 15% on DEC dividends in my SIPP.

@Everyone ... The Lawsuit ?

Good solid update. PAF are keeping production to the new lower annual estimates of 185k oz plus, even up to 190k.

Come on Eksom, sort your problems and production can get back above 200k !

No specific mention of the AISC for Barberton which I take as going lower but not out of the woods yet.

The most important questions for the AGM for me would be to ask if all the Eksom power problems could be countered by more solar panel fields and is the power from these fields stored so that it can be used during the power cuts ?

Https://climatecasechart.com/case/mcevoy-v-diversified-energy-co/

Is this a worry ?

The latest filing date was the 16th, and despite the business going "well" (excuse the pun), and despite the rise we all expected going into ex-dividend, all and any business fears being cast away and good recommendations, the SP has since disconnected a bit from it's parallel recovery with treasury bonds and again we sit around 70p.

Is this class-action lawsuit weighing on the SP ? Is the market just dismissing it ?

How are the other companies in the lawsuit getting along. ? No affect on NYSE: EQ, Alliance Petroleum Corporation isn't publicly listed.

An Erin Brockovich type resulting fine would be scary and vast as we all know how corporate fines can go.

McEvoy v. Diversified Energy Co. Filing Date: 2022

Case Categories: Common Law Claims

Principal Laws: State Law—Nuisance, State Law—Negligence, State Law—Trespass, West Virginia Fraudulent Transfer Laws

Description: Class action lawsuit brought by West Virginia landowners against companies who allegedly failed to promptly plug abandoned gas wells.

The more ZAR to the US$ the better for PAF, whose costs are in Rand and sales in Dollars.

Doesn't seem to be much reason for this mark down, unless they are keeping something from us, again.

Not much happening on the SA stock exchange, SA general there's the Netanyahu’s arrest news, and of course the wild speculation of an attack on the SP by a hedge fund to prepare for an offer..

Otherwise low 15's or lower is a buying opportunity.

Wow. That is so late ! I got it on the 3rd November but I complained to ii that they made SMIF illegible from dividend investment the previous month however.

Looking pretty stable last few months, even with a rise in SP. Would still like the late 70's to keep the value of my capital.

Cheers and GL.

not sure if this has been shared yet.

https://www.***************************/diversified-energy-company-impresses-with-another-strong-quarter-video/4121133367

https://vimeo.com/886083003

diversified energy company impresses with another strong quarter (video)

ethan davis

november 20, 2023

Cobus would want 40p

The problem for buyers would be Barberton (In the same way we would focus on a few imperfections when buying a second hand car), due to the high costs per ounce, but no doubt they would be very impressed with the sea of solar panels and of course the blueberries.

Ahhh OK. I misread page 6 of the pdf. Funding by Equity of $300m to $400m in this pdf on their website.

Isn't that odd language to use IMO, funding by equity usually means one thing in my book, then next to it they talk about buying the equity of the acquisition using their cash. Anyway... Either way I'll be holding and reinvesting the DIVs, have a really low average now.

https://www.seplatenergy.com/media/wojc2c5e/seplat-acquisition-of-mpnu-presentation.pdf

No dilution ! When did he say that ? Wow. I'll believe it when only when it happens. I've heard the same kind of thing over the years but admittedly from companies with seemingly less integrity.

Tom11, probably quite a few holders just waiting in the wings. That said, I don't the the herd will arrive anytime soon.

I wonder how much different the estimate of $300-400m Equity raising will be now.

At 120p, are we settling around the pivotal SP where the dilution drop is compensated by the added value, taking into consideration the new large debt pile too, who knows. Need to pen and paper this.

I only skimmed over reading this deal. Now the more I look at it the more promising it gets for prospect of big mining multi-national giants to go at least window shopping in South Africa.

https://finance.yahoo.com/quote/WPM?p=WPM

Wheaton Precious Metals International is worth 20 Billion Dollars and owns mineral streams mostly in the Americas, but it does not own the mining operations. For PAF, a Wheaton type deal wouldn't happen IMO, but a takeover might, especially as the prospect of being a debt free producer is on the mid term horizon. The good thing is that an approach to another SA mining company would give our SP a well needed boost.

We'll see.

Hi Trek and all.

IMO The BB money is well spent right now. Getting the SP back up is important, as will be tapping the the US market for retail and fund buyers who want the high yield, and also doing everything else they can to keep up good sentiment.

There is no chance of tapping the 105p issue holders unless the SP is clearly north of 105p (or the corresponding US$ Equivalent Share prices for those issues).

They'll need to buy assets in the next couple of years and to do that they'll need to issue shares, and save up some cash. As we know it's best to issue shares at as high a share price as possible.

Nice to be right about the 73p. Let's hope the trend is reversing

Come on Wheaton, put an offer in for Galantas. 40p a share would be in your capabilities..

At least get some shares, if we really are such a prospect, then of course you would..

https://www.miningweekly.com/article/wheaton-adds-south-african-pgms-stream-to-its-portfolio-2023-11-16

Wheaton to add South African PGMs, gold streams to its portfolio...

Wheaton International has also entered into a new precious metals purchase agreement for a gold stream in respect of Dalradian Gold’s Curraghinalt project, in Northern Ireland.

The SP is really struggling past the 16's. Third time lucky maybe...

Not a lot of good news coming from SA yesterday which might have contributed to the 16p struggle.

Most of which backs up my feelings that any sort of takeover is miles away, then a company called Wheaton does do a takeover of an SA gold company. Seems to be a funding agreement to finish a mine then an off-take at a ridiculously low gold price, which backs up your argument that SA miners are takeover targets Fivecandles, so let's see. Would be surely a huge boost to the SP, that's for sure. Interesting thing about Wheaton for me is the Northern Ireland connections, which would be great for another gold miner I have shares in, Galantas (which I do NOT recommend as the dog of my portfolio!) .

Anyway... Gold price soaring. Onwards to 17p (again)

https://financialpost.com/pmn/business-pmn/south-africa-defined-by-stagnation-and-exclusion-harvard-says

Three decades into democracy the poor performance of South Africa’s economy can be attributed to the collapse of state capacity and the vast distances many citizens live from job opportunities,

https://www.theafricareport.com/328197/anc-endorsing-zimbabwes-flawed-election-fuels-south-africas-xenophobia/

ANC endorsing Zimbabwe’s flawed election fuels South Africa’s xenophobia

https://www.bbc.co.uk/news/world-africa-67405394

With xenophobia rising in South Africa,

https://www.miningweekly.com/article/wheaton-adds-south-african-pgms-stream-to-its-portfolio-2023-11-16

Wheaton to add South African PGMs, gold streams to its portfolio

Treasury Bonds kicked up after London Close yesterday to the same level as midday yesterday.

I'm expecting the SP to go back to 73 this morning.... We'll See.

The US Listing will be great for getting the share price back up to 100p plus.

Chart-wise the Daily is showing positive divergence.

Will be a long road though as more speculatively the 20 day MA might not even cross the 50 day MA until Jan/Feb, but that ties in with a rises into the ex-div in Feb.

If not already then it's time to average down and load up at these levels.

All IMO. Cheers and GL.

I don't think the 20 to 1 will make any difference to the UK market, it has no effect on high priced shares like SSE, but for the US market, it has to be high enough. Anything under a dollar a share is considered a penny stock on likely not taken seriously.

Do US Residents pay tax on their dividends currently ?

With a US listing. They'll get the full 20% yield on their investment unlike UK retail, most of us pay a 15% (or even 30%) dividend tax. (Haven't googled it).

On the face of it this would surely be hugely positive on the market value.

London listings are in the quagmire with market valuations compared to US listings.

Sure we might lose DEC to the US, in which case we can just hold the US shares or cash in and invest elsewhere.

HI Mulder, Fivecandles and all.

Yes. I keep looking at the load shedding and wondering why the SP isn't recovering to it's previous heights, for example that trading range 18p to 21p (aside the current struggle to get past the 16's in the SP).

Last year we could all see the power problems but the company kept tight lipped, so the SP looked like the market assumed production was in it's previous 200k+ ounces per year guidance, and the power problems were not affecting PAF, and so the SP was always holding up.

Until of course, they announced it wasn't and the company lost a third of it's value in a short space of time.

So..

Are we going to experience something similar but this time with a positive sentiment result on the value ?

PAF once again are keeping tight lipped on production, but we can see load shedding improving, but the SP is not to the previous levels. So can the next guidance be back up to 200k before Mintails starts to deliver, to add hopefully another 50k?

It would certainly make the SP rocket north in a short space of time, perhaps a 30% increase to the mid 20s.

Much like that rise a few years ago which saw prices go from 6p to 28p, 15p to 35p is surely within our two year Mintails expectations.

Cheers all and GL

I don't want to rain on the takeover parade, but I doubt a large gold company would want to takeover a mining company based in South Africa. They have been pulling out for a number of years since the words "Nationalisation of the mining industry" first got uttered in SA politics. Also fundamental changes would probably need to be made to the running of the country, Eksom for a start.

Since the calm has restored on rising interest rates, so it has here for now.

I especially like the fact we are over 1% up at 89p today, today being our ex-dividend day.

Not sure the we'll get back to the 90s just yet unless the next interest rates decision is also flat or even better, a cut.