Member Info for Gavster-NBC

Hi Trek.
One could also argue we're about on a sort of 'Minimal market value' to the palcing price :
DEC runs on US$ so the placing price was essentially 105p x 1.195 (exchange rate at the time) = 1.255 US$
An SP of 94p = 1.156 US% but include the last Divi and next divi (2 x 4.375c) and makes a 94p share price also worth around 1.2435 US$
Add in the next two quarter dividends and today's low 90's SP reflects a few cents, if that, above the $1.255 placing price.
All in all, we're on the lowest rung of the value ladder compared to the placing price.
IMO This shows the market is reflecting on the biggest question "What happens in 2024 ?"

Getting electricity back would be a huge boost for SA, including our mines.
https://energycentral.com/news/africa-minister-confident-load-shedding-will-be-resolved
Africa: Minister confident load shedding will be resolved
Minister in the Presidency responsible for Electricity, Kgosientsho Ramokgopa, says he is confident that the country’s problems with load shedding will be resolved.
“We are in this together, the problems with load shedding will be resolved,” Ramokgopa said.
Speaking at the Kusile power station in Mpumalanga during his visit earlier today, Ramokgopa said his ultimate aim is to end load shedding.
“The problem of load shedding will be resolved. Ultimately, the problem of electricity in this country will also be resolved,” Ramokgopa said.
Ramokgopa told Kusile power station senior management that government will assist where possible to end load shedding.
“We are all in this together, the problem of load shedding must end,” he said.

Cheers Andy, thought it was to do with hedges as overall the profit is excellent again.

Agree, May Dividend in place and no discount despite the dilution for Tanos.
Presentation looks good.
https://ir.div.energy/presentations
I'm scratching my head with my morning cuppa, can anyone explain in a simple way "Net loss of $620 million, inclusive of $668 million tax-effected, non-cash unsettled derivative fair value adjustments" ?

Even Barberton with that AISC, a factor why the SP hit ow teens, would be back in profit.
Banks in crisis and a flight to gold.... Should be an interesting week ahead.

Ugh... And down it goes further.
Wall St is set to start over 500pts down later today, maybe they'll pull the markets up.

Back in today. Chartwise there is support around 93p going back to 2018 (excluding the pandemic dip).
The RSI even shows the same oversold level as the CV19 dip too. Next supports down are 88.87,84 but the FTSE would have to show a market wide seriously spank down (7000) to reach those supports IMO.
Next dividend should be around June. I've noticed with some divi investments they remain low until the payments for DRIPs, which would mean the SP rising back again after 28th March.
At the end of the day, a vast amount of shares have just been sold at 105p so even taking into consideration the dividend, there is little chance these will be sold into the market at such a loss.

I fully predicted this decline to the mid 90s after ex-div (a few pages back on here)
but obviously, and annoyingly didn't act on it with a bigger portion of my holding, overall average is still above 100 which includes my free holding from trading.

Cheers all.

No dilution. Onwards and we all hope, definitely upwards !!

COMPLETION OF MINTAILS PROJECT FUNDING
Pan African is pleased to announce the completion of a ZAR400 million (US$21.6 million*) transaction (the Transaction) with Rand Merchant Bank a division of FirstRand Bank Limited (RMB), as the final component to the funding package for the Mintails Project’s construction.
Following the successful issue of the Group’s inaugural Domestic Medium Term Note programme of ZAR800m (US$43.2 million*) in December 2022 (announced on SENS on 9 December 2022), and receipt of a ZAR1.3bn (US$70.3 million*) credit approved and underwritten term sheet from RMB for the senior debt tranche of Mintails Project’s funding, the full upfront capital of ZAR2.5bn (US$135.1 million*) has been secured with the Transaction.
Under the terms of the Transaction, the Company will sell 4,846 ounces of gold per month, for 24 months commencing March 2023, at a fixed price of ZAR 1,025,000/kg (US$1,723/oz*), and receive an upfront premium of US$21.6 million* (ZAR400 million). The effective price at which the Group sold the 3,617kg of gold, representing approximately 30%# of annual group production, over the 24 months, is ZAR1,135,604/kg (US$1,909/oz*).
The Mintails Project senior debt facility, which is subject to the fulfilment of conditions typical for transactions of this nature, is at drafting stage and the intent is for it to become effective by April 2023.

https://businessday.ng/news/article/roger-brown-seplat-ceos-work-permit-visa-revoked-over-racism-others/

Last three messages on here read ""This message has been filtered, please adjust your filters to view":"
I advise all to use their filter if the last three posts are somehow NYMBY-ism or anti-Galantas. It has been the case on this board in many times.
Anyway.. Dilution at 36 cents (20.3p). 5.5m shares. Not great but very affordable given our Market Cap.
The good thing about this compared to those many more dodgy AIM miners is that there has not been a high volume spike. One of those pumped investment traps to attract the liquidity needed for those with issued shares to exit at a profit.

https://www.morningstar.co.uk/uk/news/AN_1677705311860455100/trading-updates-galantas-to-raise-gbp12-million-in-private-placement.aspx

Great update and special dividend too !!
Kicking myself I didn't properly load up during the dip to the 90s, but that's balancing a portfolio.
As you say Temple, there will be another opportunity, that's unless the acquisition goes through.
Cheers and GL.

Good update IMO. No BS. A mining plan by Q2 then we can assume that they'll be recruiting from to start production by year end.
A bit less than some of the previous levels of production under Phelps, however a definitive plan to get up to 20k a year should mean a prospective Market Cap above £50m compared to current £23m. lets hope the all important AISC is at a decent level.

IMO Looking decidedly cheap at the moment. Increased 3 holdings today into ISA's/trading. Can't imagine anything is particularly up compared to last week or last month, unless there is default/problem somewhere within the labyrinth, the factsheet not exactly full of clues.
Cheers and GL

https://www.edisongroup.com/research/forecast-upgrade/31983/
Exhibit 12
Potential dividends of over 6 cents are in place for 2026. Thats over 35% of today's SP.
However, this will not impress holders due to these high potential dividends being in place for 2024 and 2025 in their report less than a year ago. See Exhibit 10.
https://www.edisongroup.com/research/quietly-getting-the-job-done-in-south-africa/30770/
Moving the goal posts so much whilst nothing much has really changed in that time TBH doesn't sit well with me, also the recent SP slide which was news related but those same markets were not officially told the news about the Barberton employee negotiations and high AISC until weeks after the event. We the retail always the last to know.
Sentiment is poor, but the production guidance is still in place and the next update promises a well needed uplift.
Meanwhile IMO the main mover here will be the price of gold and the wider market sentiment.
Cheers and GL

Surprisingly, my last buy order kicked in at 104 with a price of 103.793.
That's 3 times with DEC I've put overly hopeful orders in that have executed.
Dare I say but It's like the price gets walked around to accommodate..
I had expected the FTSE to come back down to Earth and take the market with it, but instead the placing happened and like so many occasions over the years, the SP falls to below placing price.
IMO we could well go below 100p to the supports in the 90s after ex-div if markets turn or the effect of a "Placing hangover".
The quarterly dividends are safe as can be, provide periodical uplift, so a matter of patience and/or opportunity to average down and go back above 120 if it happens.
Cheers and GL.

Hi Damofarl and Archy.
Firstly, I expected a dividend announcement in recent days and imminently ..?
Damo, I also read your post in Jan with great interest and have to thank you for posting it on the FAIR discussion, which has become a quiet but good respite in the past year.
I also hold Seplat, DEC and of course TORO in your list.
A few dividend payers not in your list where I hold, and also attempt to trade my positions higher, are the lower yielding (Than FAIR ,TORO and company) AEWU, NESF, UKW which is also a way of spreading sectors and I have a good size position in SMIF, which also pays a healthy yield monthly.
STCM is now on my watchlist as is Topps Tiles TPT, where I recently missed the opportunity to buy low after the dividend announcement, then missed the rise. The ex-div drop was practically non-existent too, which is unusual as we all know. Still on my watchlist with a hopeful marker.
One of my largest holdings is PAF, a gold miner which is currently good value at 15p due to a dip in production for restructuring and reorganising, also a new loan to increase productivity with a new operation, but they still have plans to keep production aims by year end. One of the more honest (dare I say it) CEO's I have come across. New presentation due tomorrow. With this new operation Mintails online. Edison predict a rather outlandish 30% yield on todays price in 2026. See Exhibit 14.
https://www.edisongroup.com/research/setting-the-scene-for-fy23-and-beyond/31596/
A P/E of 5. PAF also have large solar panel fields, a farming operation, water treatment facility to bring the used land back to life, have large Black Ownsership and a fave of the SA government. It's drawback is also being in SA.
Cheers and GL.

Lower 15s.. Worse than I thought. Their presentation then Q&A on Wednesday needs to stem the outward flow here.

Hi sd81.. probably. This is all I see :
"This message has been filtered, please adjust your filters to view"

Stifano. the company should not be borrowing money !
The capacity before was for 12000 Oz per year. That's what the company should be producing now, and be putting each ounce through the the reports. Running out of investor good will if this keeps up.

105p is pretty good IMO.
My estimate only a few % out regards new number of shares.
I'll leave that 104p limit buy in place..