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Surely will be passed sooner rather than later IMO
Q1 results are highly anticipated so certainly a lot of buyers will want in before.

Hi Spikey et al.
You're probably right.
We are in a world where slight rumours or even just the weather can wipe off several % off a market cap (thats 100s of millions).
In the absence of news. A flight from the relative safety of SSE to the oil/travel/hospiality sectors and their CV19 recovery is a good explanation. A sell-off which becomes exaggerated as traders follow the trends.
This being the case, then good entry points are now and near.
Hi MaryBr190.
I had a similar experience selling, top slicing at 1450, missing the jump to 1700.

"If it all works £20 a share easy. . If it fails £15 a share."
Yet here we are at £13 a share.
This is a support level, any lower then next stops are 1280 1250 1220 all the way down to 1200 territory.
What's the reason behind this ?
Failure to secure the wind farm licenses that BP bought... Perhaps, but nothing so speculative or confirmed seems to be priced during the current marketplace and certainly not whilst in peak coronavirus. poor sentiment stemming from that deal ?
I can't see anything obvious and open to all suggestions.
There is no clear sign of a reversal in trend just yet.

Some good indicative volume.
Nothing to inhibit the mine development now except funds but the means are with Galantas to sell gold to get this which should self perpetuate and increase with the development of the mine, as well as bring enough funds to deal with the environmental damage.
Market cap is insanely low for the resource let alone producing again.
Weekly chart shows the MACD about to turn positive.

Just saw the price touch 612p.
Even at this price the 21p (30cents) Dividend represents an immediate return of 3.5%
With CV19 recovery and the metal prices still so high, 650p could well be the next significant barrier, even after ex-div IMO

Vanadium is rising, Iron Ore, coal, and most importantly steel prices are very high if not touching all time highs.
https://www.vanadiumprice.com/
https://markets.businessinsider.com/commodities/iron-ore-price
https://markets.businessinsider.com/commodities/coal-price
https://www.lme.com/Metals/Ferrous/HRC-FOB-China#tabIndex=2

Technical error... Really. Someone chose the wrong currency from the drop down menu when putting in the dividend. I think we all know programs do only what they are told to do. Someone is in for a real roasting if they lose out to currency movements.

Thanks Repression. I like the Gary Savage video. I smiled at the way he examples the chart with sentiment he experiences, like goldbugs getting annoyed, people dropping their hands in disgust and the swing turning around after running out of sellers.
His idea that it could bottom (he pointed at the 1700 area) in the coming weeks/months roughly goes along with my thoughts below.

This IMO should be balanced with the next PAF update, (July 2021, when the sun is shining and we can enjoy socialising & dining out again) as this may well confirm more of the debt pile being paid off, uplift meaning that PAF should out perform the gold price chart.

So I am eyeing May / June as the time to pile back in for a rise to the end of the year, where I would again plan to top slice depending upon market/ PAF progress/dividend. It would also tie nicely in with slicing some recovery plays.
Best laid plans...

Hi Happy.

Here's an article representing that view of OPEC increasing production, to beyond pre-pandemic levels.
https://www.worldoil.com/news/2021/2/26/all-eyes-on-opec-as-global-oil-supply-imbalance-may-force-an-output-revision

If this action happened to stabilise the price. Wouldn't this end up depressing it instead ?
Like a pull back before western economies open up again.

Agree Q1 results are going to spark a frenzy, seeing how the market can refuse to be forward thinking.

"The shift to a tightening market has sparked a wave of bullish projections.

Goldman Sachs Group Inc. sees Brent hitting $75 a barrel in the third quarter as a new commodities supercycle beckons, while trading giant Trafigura Group says it’s “very bullish” on the months ahead. Socar Trading SA, a unit of Azerbaijan’s state oil company, predicts $80 could be reached this summer and triple digits within two years.

“The fear is that in 12 months there will be a shortage” even if OPEC+ revives output, said Socar Chief Trading Officer Hayal Ahmadzada. “It will drive the price very high, very fast.”"

"Prices are still far below the levels most OPEC nations need to cover government spending, and the International Energy Agency..
Even the full 1.5 million barrels isn’t sufficient to satisfy demand..... The market needs more -- but I don’t hear anybody talking about more... There’s an acute need for oil. The most obvious risk is they keep holding too much oil back.”
-

It was all going steady until 10.30am, what happened there ?
I had a limit sell for 309 yesterday that never acted on, now it's the waiting game again.
Hatches are battened.
Thinking aloud. Not sure what the next sell target will be, 320 maybe next week. Or hold along with my core holding until the next quarterly report.

If anything will make this move it will be April, when hospitalisations are are new pandemic lows, the sun is out and people see signs of recovery.

There are more waited costs in BP's first quarter so RDS may well notch up their dividend before us leading the way.
So even if BP plays it cautious the that will surely be forgotten by Q2 where a divi rise even to just 6p will shift the SP to 400p on a yield of 6%.

What is it they say...

"Patience can produce uncommon profits." Philip L Carret

“Buy good companies. Don’t overpay. Do nothing." Terry Smith

“Inaction and patience are almost always the wisest options for investors in the stock market.” Guy Spier

“The stock market is designed to transfer money from the active to the patient.” Warren Buffett

But not much price movement.

Feels like we, the retail investors are just passengers on a bus, driven by market makers, on roads built by fund managers.

Good Gold Analysis by Capital.com
https://www.youtube.com/watch?v=p8Js-M5isJg

I'm fully top sliced here but it's still not nice to see great sums wiped off my PAF holdings value as this slide continues.

Looking to start a discussion of when to buy and the year ahead.

IMO The CV19 recovery is spiking up some commodities but not gold and silver yet which are being sacrificed by the market in favour of companies that haven't faired well during the pandemic such as the oil giants.
Looking at the gold price, and knowing we'll be back in the pubs with at least one jab in our arms by the summer, gold could well continue a sell off as the normal safe haven perceived will not be needed. At least not until the money printing and inflation starts to pay for the recovery, where gold, as always is predicted to reach the same great highs.

The main resistance levels in the gold price seem to be 1750-1760, 1700, 1580, 1460.
The PAF sell off doesn't look like reversing just yet.
Weekly, daily MACD is very much in the red but to counter this the debt pile is constantly going down, new projects are going well and the public image is of a very high regard.
Pan African Resources is going to be fine and profitable even with a $1500 gold price, paying a dividend this Christmas.

When and at what share price will be the right time to buy again ? Now, 18p, 17p 16p, 13p ? Or is it marked by the the actual gold price ?

Looking at the chart of PAF and golf price relationship, anything lower than 18p is to be considered and less than 16p must be a buy. The previous trading range around 13p is surely history due to the debt lowering.

https://www.fxstreet.com/news/gold-price-analysis-xau-usd-under-pressure-as-real-yields-rocket-higher-202102252130

Cheers all.

It is then ))))

Decent watch. Capital.com trading analysis on youtube for the price of crude oil.
https://www.youtube.com/watch?v=vtAIAapZzH0&t=642s
Roll on to the next resistance stepping stone at 320.

Might well be a sell off, usually is after results but 21p represents an immediate return of 3.7%, plus the fact that unlike some other big players in the FTSE, Evraz made money, a bigger profit than in 2019 despite the worldwide CV19 pandemic.
Steel prices are going crazy, coal prices are high, iron ore up and the end of pandemic lockdowns is in our worldwide sights.
IMO Evraz could be heading for a very very good year ahead. Got to be significantly higher SP.
Not sure where or if there will be a bottom in the coming months, but I'll be re-investing my dividend, and buying any weakness through til August.

https://www.evraz.com/en/investors/reports-and-results/annual-reports/
Lots to read through.
On 24 February 2021, the Board of Directors voted to disburse a total US$437.1 million or US$0.30 per share, with a record date of 12 March 2021 and payment date of 7th April

Not bad.

"Close just under £3.00 so we can all say our farewells to Tacet tonight !!!'.. lol.

I thought the recommendation was to buy once the SP reaches 308...

Record copper prices and all the company has done is destroy shareholder value with the same story told for decade and the same funding share issues that have ripped off retail investors over the same time.
Paid rampers and a herd of posters persuading investors to "Fill Your Boots" bla bla, only providing the liquidity for those same buyers to sell out making their profits.
This is AIM investing showing its worst colours.
It was not rocket science to know copper was going to shoot north. Instead of knuckling through and allowing revenues to sort out their problems, or even a workable BFS in a copper hungry market, which might have seen a share price of 2p to 3p, all value has been destroyed.
I repeat. 0.5p and a possible spike to 1p is the max this can now hope to achieve, and definitely not to be held after that.

Well, the anchoring at around 240 I got completely wrong, after ex-div day.
Kicking myself I could of bought back at 223 instead of 239.
Sitting tight and re-investing the divs is not so bad though.
Will there will be a lot of trading and taking out stops still to come before a billion gets re-invested.
Got no idea anymore.. It's a casino.

Last time Brent oil prices were this level in GBP was 23rd Jan 2020, BP's share price was 480p

Yesterday's late rocket should continue.

Brent may be up, but the FTSE is will open 47 points down currently, so expect a gap down.
Could well be another day to look away and do something else.