Member Info for Ivybush

Definitely positive outlook for gold.

Unwinding of paper gold derivatives [re Basle lll] continuing physical gold purchases by Russia/China
and decreasing dollar value/inflation/inability to increase interest rates we have the perfect backdrop to a
substantial increase in POG for 2022.

@ROCKETV1 Agreed, there is no way the FED can increase interest rates by anything other than
a nominal amount. Cost of servicing current borrowing would be unmanageable
with higher rates.

So there will be higher inflation [in short term at least] and further recourse to the
printing press, thus increasing money supply. Not sure where the repeat process
will end but surely the market will have to continue with dollar devaluation.
Good for gold prospects imv---watch out for quick reversal of pricing in 2022.

Also note that dual listing will mean stamp duty payable on all share purchases in UK.
Exemption on AIM is for equities listed on UK market only.

@ Jimb2 After 10.18 this morning, my total is 20 filtered posts!

Makes the BB much more palatable--and informative, which is the purpose, I assume.

The recent problem has been the amount of warrants taken up at discount to sp and sold on.
Never good for PI's but at least some more cash in the company bank.

Turn around programme in place so hold on for signs of recovery is my plan.

Revenue increased by 35% to US$ 369m and 12.4% increase in amount of gold sold.

Yet the sp falls! What does the market want?

Re Systematic Internaliser. I retired from Financial Services in 2008 so I was not familiar with
this trade identifier.
However, I understand SI's are Institutions authorised to match buy/sell client orders internally.
So the trade by-passes the MM but still has to be publicly recorded. Hope that is correct.

This was a Systematic Internaliser [check it out!] trade.

Well above the ask and with Trading Statement due any day, very positive imv.

Your DMA trades have all been described as algo trades.

Thanks for that, I have learnt something today. Hope we both continue to see a rise in sp.

@Nostra if you go on to London Stock Exchange site and search under quotes, news,
documents, by entering ticker PAF you will find company details and list of deals for the day.
Under "trade flag" algo deals are clearly identified as such.

Not being critical, just helpful, I hope.

I was referring to London Stock Exchange [LSE] trades. All clearly defined as Algo in official listing.

I am certainly not dreaming! To give one example [where I also hold] Atalaya [ATYM] a copper mine
mcap £400m+ with no algo trading whatsoever.

Result, lower turnover and more stable sp. Algo trades are computer generated to make a profit for the
operator and to influence market moves. We will have to differ on whether this assists PAF holders or not.

Well, just taking the last 50 trades as listed on LSE official site over 30 were Algo trades.

I think over 60% of trades as automated is unusual for a stock with £300m mcap.

Such Algo volume is often seen temporarily on large caps e.g VOD or GSK but not on small mining stocks.
These trades, if over 50% of total, would clearly add to volatility imv and may be against pi's interests, which
should be to have a reasonably stable and reliable market sp.

Judging by the official LSE list of trades the Algo trading programme since 10.26 has been
buying and selling to itself!
I am happy to hold here with 4%+ yield and positive gold price outlook for 2021.

Yes it does explain where a good number of share sales have come from.
It had occurred to me that if someone was selling short then they would be
risking a lot at this sp imv.

Lets hope this selling has now abated.
Algos are used to "manage" market prices, usually to the advantage of the computer programme.

@Blue_square yes, my apologies, Lekka is quite right.

I was thinking back to my own experience [as a creditor] when the liquidator sold assets to the main
creditor within 48hrs at a knock down price, only to find that this creditor shortly after sold them on for
a substantial profit. But it was the liquidator not the secured creditor selling initially.

Nevertheless in the case of Newgen they will be taking all assets RMM own as security.

As I have stated before this is a share dominated by algorithm trading.
Take a look at LSE official site to see volume of algo trades.

Unfortunately until an institution [or someone] with deep pockets wants to become involved
to resolve this situation we are at the behest of a computer trading platform imv.

@Blue_square re RNS 30th June

"The loan will be secured by first ranking security over all the assets of the Company
and its material subsidiaries"

So on default Newgen would be able to dispose of assets for whatever it could realise to repay loan.

Interestingly I have 15 consecutive filter messages on this board this afternoon.

No need to respond whoever you are as I am never going to open up any filtered messages.

Well, Basel 3 will be finally effective end Dec and LBMA paper gold derivatives no longer
able to manipulate market. Only physical gold contracts from thereon.
Keep positive and look forward to a better 2021 for POG.
PAF must surely rerate -- as long as political stability in SA is maintained.