Member Info for Gavster-NBC

Ummmm...
Well I've just bought at 73p thinking that was cheap as chips.

Thanks Tornadotony, but my itchy fingers already bought back at 1481 after selling at 1518 yesterday.
All good though, as long as POLY remains undervalued IMO I'd rather hold than not.

Hi Paul. If you scroll back on this forum 6 pages back to May/June, his video prompted some discussion. From my personal perspective I wasn't in full agreement as SSE remains one of my major holdings. Nevertheless he does go through main points of their presentations so becomes good watch for initial researching.

Talk about slow to react to gold price movements, on a breakout at $1860 as I type.
IMO the rises in AAZ are usually sharp and large when they happen, a leap to 140 would be in tune here.

Yes seen_it_done_it.. I also wish I had bought more than just reinvesting the dividend in the recent lull. However it's good to be back in the black and IMO the initial target must be 1600, when the gold price was $1830 in July.
No doubt some profit taking bumps on the way but the breaking of $1830 resistance in the GP is very bullish.

Gold price just poked 1850 US$, which means recent resistance of $1830 has been broken and the price and broken above the trend set by high peaks in August 2020 and May/June 2021. All good signs chart-wise IMO.
Buyback to start later this month, divi on the way in time for Xmas, Mintails progress pending and next update in Jan.
18p first, then next stop 23p which came with gold at $1900 in May/June.

Hi Porsche1946, there is much truth in what you say, but investing now in <1% yielding USA stocks propped up by buybacks and money printing when inflation is rife at 5% and climbing is a recipe for disaster.
The yield here is high above inflation, the earnings are doggedly rigid and predictable and DLG as a value share for investing is a good prospect even short term to the next dividend.
Any price around 280 is good here, as once the divi is announced, like the years before, people will find DLG attractive and the price will rise towards ex-div. Hold and Drip or trade the rise, both will bring home returns.
Yield is 7.7%, a more in tune 6% on divi announcement means an SP > 360p. At worst, an SP the same and a good dividend to DRIP. What's not to like.. All IMO.
https://www.dividenddata.co.uk/dividendyield.py?market=ftse250&sort=yield&order=1

Hi Bluemango. Thanks for your research on the witholding tax. A great help. I'll sort this next week.
Are able to do this for SIPP and ISA as well ?

Also.. Are you sure this is not the Non-South African Tax Resident Declaration form, available on the PAF website ?
http://www.panafricanresources.com/wp-content/uploads/Non-SA_Dividend_Declaration_Form.pdf

I had an email back from St James's Corporate Services Limited stating I could complete this form myself if I convert my shares to certificates (cost of around 40 quid) or I should get my nominee to send.

All my three holdings in PAF, trading A/C, SIPP and ISA have all had 20% deducted from previous dividends and all have recently confirmed this will happen again in December.

Hi EliasJones.. Are you a UK resident and which company does your ISA ?

Whats up here ?
US$/ZAR rate over 15. The higher the better (the more ZAR to the dollar. the more costs can be paid for each ounce).
Gold Price in ZAR highest for six months.
Debt lowest ever, buyback about to start, divi on the way.
Apart from possibilities of large sellers in the background, the only concern is the decision on Mintails if the old directors lawyers succeed.
https://www.mdpi.com/2075-163X/11/10/1133/htm
The conclusions in this investigation IMO show PAF would be ideal to develop the area, conclusions last paragraph pasted.
...
Finally, we recommend that the design of new mining projects should engender considerations of future post-mining landscapes in order to avoid land degradation. Project planning should take cognizance of, and formulate credible measures for, obviating any perceived resultant pollution from PHEs, their intake through consumption of food crops grown on these lands, and the consequent endangerment of human and wildlife health.

Hi LK505
Doubt it. That documentary tried to dish as much dirt as they could but ultimately failed. I watched it open minded but ended up on the side of the miners. There are mining projects a plenty that don't get off the ground and the kids in my local neighbourhood litter more empty gas canisters over a weekend than what was left by some untidy contractors in Brazil.
They also gave absolutely no scientific reasoning as to how exploration mining managed to change the zinc and toxicity content in the water, other than the possibility of piling a few rocks outside, and some sinister music to accompany answering of some some unjustified and conjectured questions.
Galantas mines have been going on for well over a decade without any big problems with the NIEA.
It would be incredibly short sighted of the locals to want the mine to close leaving a calamity rather than let gold bring wealth to the area and generate the money to clean up the surface site post mining.

Hi All.
I remember a discussion on here recently where I and others observed that the dividend wasn't covered by the funds earnings, which has now been confirmed in the report. The SP remains lower than all of us want but is all the negativity on outlook priced in already? The worry is that reserves will last if this carries on. Continuing to pursue the high yielding holdings is good IMO, and what's expected TBH. I'll hold and DRIP the dividends. Any thoughts ?

"'For the first time since the Company launched in 2007 the dividend distributed has not been covered by the revenue generated. The shortfall has resulted in a small drawdown of the reserves which will stand at just under a half years' worth of dividends following payment of the 4th interim dividend for the year."

"Outlook: Although we are positive on the medium to long term outlook for the Asia Pacific region, we are a little nervous on the outlook for equity markets in general for 2022. The earnings momentum, which has been so strong off a low base in 2021, will be difficult to improve upon in 2022 while inflationary pressures, from rising input prices, and the potential for economic support measures to be withdrawn, doesn't bode well for equity markets trading at relatively rich multiples.

We expect that yield stocks will perform relatively well in this environment of higher volatility and we remain focused on adding the most attractive stocks that fit our process as and when opportunities arise."

There was some speculation that an extra div was on the cards, because they paid an extra one earlier in the year.

Well that counts out any interim div.
Sales do not look good with a 10% drop in products, but those products gained more than 10% in cash received.
Russia has a delta variant problem, measures coming in and schools have just closed there.
SP wise the gains are in the right place, the USA, being the worlds financial engine.
I'll be holding, as surely this will reward next dividend announcement. All IMO.

Hi all.
Just wondered if shareholders are going to agree to the buyback ?
https://www.investopedia.com/articles/stocks/10/share-buybacks.asp
Buybacks are trendy at the moment but split opinion. I've experienced three buybacks from a holders perspective.
TSG, Trans-Siberian Gold. Their buyback more than doubled the share price. There were very few shares in liquidity, most holders were large institutions and held through.
DLG Direct Line's buyback is so small with such a small effect it's hardly worth doing.
BP, IMO is a self serving way the BOD grease themselves with issuing shares and then buying them and canceling them, benefit to holders is minimal despite them spending over 25 billion on buybacks since the naughties.

PAF's monthly volume averages around 50m since 2020, so that may mean around 25m shares sold which PAF could buy and cancel. Meaning around $6m spend a month at 18p would take around 100m shares off the market in 4 months for $24m.
A 5% reduction in shares and around 5% increase in share price.
Alternatively, for $24m we could get another dividend of 0.9p, or a large funding help for Mintails etc.
Personally, I'd rather the dividend if this is the kind of level, so such a buyback I'd vote against.
If they're just going to spend a few million dollars, then it really will not make much of a difference except the buzzword "Buyback" could attract shareholders, so I would approve of that.

Any thoughts ?

Hil Olderandwiser, have a look through the presentation
https://www.panafricanresources.com/wp-content/uploads/Pan-African-Resources-Annual-Results-Presentation-FY2021-14-Sept-2021.pdf
Basically... LOM is >10 and there is plenty left in the tank and LOM can be extended as more methods found to reach the reserves.
ELIKHULU 60k oz/yr, 12 year LOM to be maintained by Feasibility Studies for total reserves of 3m ounces
BTRP 20k oz/yr, LOM 3 years,
ROYAL SHEBA to take over from BTRP LOM 20 years, reserves of 1m oz
BARBERTON ALL 85k oz/yr, Reserves of 5m oz
EVANDER 8 SHAFT Pillar, LOM 5 years and estimated production of ~39k oz/yr, Evander reserves 40m oz
EVANDER UNDERGROUND, Will increase 8 Shaft LOM to ca. 5 years (from current ~2yrs) at ~34k oz/yr
• Has the potential to extend 8 Shaft’s production profile, post 24 Level mining, by an additional 8 years at ~100,000oz/yr
MINTAILS - News on confirmation of this project expected. Production 40-50k oz/yr, 11-year LOM, Reserves 2.36M oz.

Hi all. He comes across well in the interview and he's always quick to respond to investor emails too.
The game remains the same, get the resource higher and the production to fund as much as possible. the minimum being to the previous tpd and cover the running costs I'd expect.
Even after averaging down I'm still in the red here after buying at the old 5p level on expectancy of Phelp's similar plan happening before it all went sour.

What made him think this would do anything substantial in sentiment to compensate for the drop ?

So many more eyes than previously will be on the proceedings of the COP, #26 in Glasgow. SSE.
As a sponsor SSE should get some exposure to international potential deals, as they've expressed is a mission.
https://www.energylivenews.com/2021/10/20/cop26-manifesto-urges-governments-to-pour-more-money-into-wind-industry/
"A group of 90 wind energy companies has made today a fresh call on governments to “get serious” on energy transition and accelerate their investment decisions in the run-up to COP26. In their so-called COP26 manifesto the companies say that annual global wind installations need to scale up by four times current levels to help countries reach net zero by 2050.
The consortium claims with the current projections wind energy projects will provide less than half what is needed.
Signatories include wind sector giants such as Vestas, Siemens Gamesa, Equinor, Iberdrola, Ørsted, SSE and industry associations from the UK, Asia, Europe and the US. The group calls for urgent actions including the implementation of sensible permitting schemes, voluntary cooperation on carbon pricing and increased wind power ambition reflected on updated Nationally Determined Contributions."

New statement on the website.
https://www.sse.com/news-and-views/2021/10/responding-to-the-publication-of-uk-government-s-net-zero-strategy/

"Delivering net zero will require huge investment in low-carbon technologies, and the way to bring that forward is to set a clear, long-term policy framework. So it is extremely helpful to see government today building out the key pillars of its approach as this gives low-carbon investors and developers like SSE confidence to keep investing on the required scale.

“The recent situation with energy markets underlines the need to invest in more indigenous clean energy sources, and critically the flexible solutions to back them up. The ambition has always been there and now we have a more detailed roadmap as we approach COP26. Next we need to get on and deliver; and we are looking forward to working with government to make the ambitions of net zero a reality."

News Pieces about the Solar Powered plant.
Definitely something to brag about at COP26, Glasgow.

https://www.youtube.com/watch?v=cK9dlaQOklA
https://www.youtube.com/watch?v=e81rrwtamaM
https://www.ft.com/content/f6693948-2c3d-4508-96cf-c374ef0fa6ad

Never thought I would see BP and Evraz, two companies I'm invested in, be part of a joint venture. The more steel production away from coal the better and doing away with the coal side shows positive intention to address emissions, as well as the smart move to do this sooner than later, and lead the way.

"The global iron and steel industry accounts for approximately 5% of total global CO2 emissions."

"The electricity will power almost 90 per cent of the energy needed by the mill, including the electric arc furnace that pulsates at its heart, melting more than 1m tonnes of scrap metal a year.
“It was a solution for Evraz to stay in the state, for us to continue to drive and lead the energy transition, for us to be a really good community partner with Pueblo, long term,” said Alice Jackson, president of Xcel’s Colorado business, referring to the deal."

by Mr Market, only a few weeks after the oil price started to go radio rentals.