Member Info for Gavster-NBC

carcegyber.
Nonsense. It's not up to the Biden or the USA if the Ukraine want to join Nato, or if they want to join the EU or anything else they want to do, neither is it up to Putin, nor should he have a say. Putin invaded and proceeded to decimate civilians and flatten cities and so deserves to be isolated for the evils he's forcing upon his neighbours and now for the propaganda and doctrine he's forcing onto his own people. Putin's aggression has lost him all respect on the international political stage and galvanised the west to unify our defences so that his aggression doesn't cross anymore borders and his threats of expansion become worse. Very sad indeed what Putin has done. He is literally destroying the hopes of millions of families for the sake of his power hunger and continuing to do so.

Sold as well yesterday. I agree that the market could take this down a lot further without any good results or news looming. I was at a loss but glad as JUP is already 6% down so far today and the share I moved to is 2.5% up.

They bought 2,184,413 shares yesterday, at 21.15p the most so far.
https://thevault.exchange/?get_group_doc=293/1650956851-PARSENSTransactioninownshares26April2022.pdf

6 weeks delay is fine since already waiting 10 years !!

https://www.ii.co.uk/news/corporate-update-rnsLSE20220427070011_4349821

The Company has delayed completion of the secondary egress and installation of the manway, which is a prerequisite for the start of production, to mid-May 2022 to enable safe rehabilitation of the ramp access and ore headings at the 1048 level. The Company has now resolved these geotechnical matters and hired an experienced contract driller to assist with the start-up of production, and expects to recommence development drilling and blasting in the first half of May. The Company now expects to begin production stoping mid to late June.



Mario Stifano, CEO of Galantas, commented: "Our team has made significant progress to recommence production at Galantas. The decision to delay the completion of the secondary egress prior to commencement of production by approximately six weeks is part of our commitment to best mining and operational practices for the long-term success of the Omagh Project and mining in Northern Ireland. Initial production is expected at 4,500 to 5,500 ounces for the balance of the year from mine sequencing and production commencement during the month of June. The Company is working with experienced mining contractor QME to develop engineering plans to accelerate development to the Joshua Vein by 12 months, which will enable Galantas to mine from multiple headings and veins to provide greater operational flexibility with an expected positive impact on 2023 production while also providing drilling platforms to drill both Joshua and Kearney veins from underground."

Outlook for 2022 remains unchanged. Any shocks and lower gold production already priced in. Normal day's trading IMO.
2022 guidance remains unchanged. Attributable silver production is expected to be in the range of 50.5 to 56.5 moz (including Silverstream) while attributable gold production is expected to be in the range of 600 to 650 koz.

Still can't fine anything to justify the drop fundamentally.
Of the total shares volume traded 20th, 21st, 22nd April PAF being 13.08m, the buyback is responsible for 2.66m or 20%.
So if we estimate 40% were sales then PAF bought half of all those share sales themselves (I'm not a fan of the way buybacks reward sellers.)
https://www.panafricanresources.com/investors/news-sens-rns/
Kinross selling an African Asset may have nudged sentiment down.
https://www.miningmx.com/top-story/49354-kinross-gold-to-exit-ghana-after-agreeing-225m-cash-and-share-deal-sale-of-chirano/
All that's left is the market wide sell off of goldminers yesterday.
PAF currently has a P/E less than 4.

I actually took the opportunity to add this week and am overweight. IMO fundamental value will again be reached after any order book shenanigans, just a question of patience, or a few weeks to the update.
Big move today though. Brings into question their wisdom of listing on the US exchange. Miners are getting bashed. The Vaneck vectors Gold Miners ETF is down well over 3% today.

Hi Repression. Not a great day but IMO not to worry..
Gold Price in GBP is still at super high levels at £1,507.07, the GBP/ZAR and the USD/ZAR are both going back up in PAF's favour.
From what I've seen over the years being a holder here, it's looks like some orders are being filled, now including the companies own buyback.
PAF is making cash hand over fist and the next operational update is just a few weeks away around end of May (Last years was 21st May) and progress is also due on the new projects, debt decrease and the environmental and power projects.
There are more holders on the ADVFN chat who discuss PAF well which is always worth a read.

PAF with average AISC of $1200, average GP of $1900 mining 208,000 Ounces means earnings of $145m
or GBP £113.7m, so even at 24p the Market Cap is £462m not including treasury shares with a P/E of only 4 !
A 40% Dividend distribution of those earnings would be £45.48m or 2.3p per share and a yield after with holding tax to UK holders of 7.7% at 24p a share. Even with a transition to debt free factored and a more accurate estimate, the next dividend must surely be well over what's currently predicted.
IMO With the next operational update, we'll see a new updated Edison Report with some extremely attractive numbers.
Cheers and GL.

Hi Tricky and all. Hope all good !
So finally Pure looks like a buy for me but I have a couple of questions I hope can be answered/discussed.
I'm attracted by the NI 43-101 and the traditional route to a BFS and proper funding.
Tricky. I think I remember you posting a link citing some reasons as to why the previous mining company encountered problems. Was there a link and do you still have it. ?
Also. The idea of the low hanging fruit providing the development funding caused a huge spike but recently backfired which for me leads to the question; Have the original shareholders and BOD all made enough cash already so are all happily in profit and covered if the feasibility study proves the mine unfeasible, after all why exactly would they need so much cash if the AISC was supposed to be OK ?

Ex-Div this week. Increased my holding today at 118, moving from an investment where my target price was just reached.
Are the Nigerian Gov in a position to clamp down on illegal refineries or do they turn a blind eye ?

The premium to Nav is now explained and 78% dividend cover is now not a problem.
Might we get a higher distribution as a special dividend / return of capital with this or will the company sit on the cash and increase some assets ? A bit of both would suit me.

Haha. I repeat my 'Oh well"..
IMO Overall debt is growing. Lists of RNS show more new debts than those to replace the maturing ones.
Anyway.. Missed out on 6% growth selling when my target price was reached.
Cheers and GL.

This is a big movement for AEWUK in just a few days, though we're now 8p above NAV.. but.. "The Company's EPRA EPS was 1.55 pence for the quarter, providing a dividend cover of 78% (31 December 2021: 1.80 pence and 90%).
Is that a concern or will it be more than covered during the year ?
The night club deal has clearly gone down well now we're post pandemic.
Ex-Div Next week.
Tempted to trade with a sell before Ex-div and look to buy in again once we're back to Nav or drop between divs.

Great day we're having. On Many occasions I'd be tempted to take the profit but my aim is to build a longer term holding here. Chart-wise we could be back to the 300 to 325 trading range, so I may look to trade my position larger but as we all know doing that can all too easily go wrong and miss a break out.
We'll see. Cheers and GL.

Hi Jhaylock
I've had a few similar situations with Seplat during the last year. Just have to keep trying or send a limit order.

Sticking my oar into the debt debate. The ability to pay of their debt was definitely a problem during pandemic oil prices in 2020, and reflected in the share price, sentiment and online articles / mentions at the time. Now it's not a problem and also reflected in the SP. Great amount of income flowing in which should be reflected in the next accounts.
See past messages on here even including a fag pack by SeaTank8300:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=SEPL&share=Seplat-Energy&page=14
https://www.lse.co.uk/ShareChat.asp?ShareTicker=SEPL&share=Seplat-Energy&page=15

Nice to see the ex-div drop today less than the dividend so far.
AGM on 6th of May where I assume they'll approve a possible buyback.
I am not a fan of rewarding sellers with buybacks, I much prefer rewarding holders with dividends.
We'll see.

The price is being walked around 21 to 23 like a dog in the park. May do this until their buyback is over as these prices are sure on the very limit of what we as shareholders would want bought in the buyback. I'm sure PAF would start getting angry emails if they used our cash to buyback shares above 23p !

Blue sky again !!
Oh well for me.
GL all.

Cheers Trek. I seized the moment to lower my average and glad I did. IMO 275 should be a strong support unless there is a large market wide drop, whereby that 245/250 will be.

Good idea, I'm also on the sidelines awaiting to re-invest and add to my holdings. IMO the stagnation after ex-div, drag on the SP from the buyback and considering the FTSE is so high, we could easily see the 240s or lower during May/June, certainly a drop next time markets have a jitter.