Member Info for JohnLewis79

Yea trades & deals are kinda like "after the Lord Mayor's Ball" on Fri. Ti's only a days snapshot and the jobbers are not being very generous to buyers or sellers not that it's their business to do so....but they are certainly testing pis patience atm.

Don't forget guys every RNS confirming high grade mineralisation de-risks PAT substantially. How much I don't know but a year ago ex all the India stuff PAT as with many explorers was in the very high risk category.

Not so now, risky yes, as with every stock on the LSE..... but much less so. I sleep that bit better after every RNS!

Cora Gold coincidentally have also issued some drill results from WA this morning.

I use investigate.com where the full RNS can be read.

The good news keeps' a coming and that's the most important thing for investors here! The sp will react to the fundamentals in due course.

DJ +262 (34,870)
SP +10 (4469)
NS -6 (15,434)
R2 +10 (1337)
WTI $70•66
10ytb 1•338%

MSCI(W) +4 (3126)

The Nikkei 225 hit a 31 year high (30,796) in early trade but has slipped back.

Wall St broke 5 days of losses, (last week being the worst for the 500 since wk 24) despite nervousness in other S&P sectors energy gained 3% bouyed by higher oil prices. Brent rose 1% to $73•88 its highest since June following a bullish OPEC report on demand set reach 110•8m bopd exceeding pre pandemic levels. Big oil gained, Exxon $55 up 3%, Chevron $98 +2% and RDS(B) 1457p + 2%.

Apple users got a shock on Monday when it was disclosed Israeli spyware Co NSO had developed a way to take control over nearly any Apple computer, watch or i phone. Apple stock ticked up 58c at $149•50.

The USD climbed to a 2wk high on cont 'Taper' talk. Gold slipped despite Sept being one of the best months to buy Gold ahead of the Indian 'wedding season' and Oct festivals.

Latest:- Oil $73•82. Vix 19•37.
Gold $1792. Copper $4•372.
Palm $1220. Silver $23•710.
$1•385. €1•172. Yen 110•042.
Yuan 6•446. FF +4. DF +70.
Morning all.

You have to ask yourself do you trust their prices and is PAT significantly mis-priced? I would answer No and Yes.

Bouncing around within the spread typical jobber reaction. They know where and when likely volumes are coming from and price accordingly.
If you know better buy now!

Good to see a few more posters joining the PAT board. All views be they positive or otherwise are welcome especially if mining stocks are your forte.

Sept is regarded as the "danger" month with a negative (0•62%) return on the S&P 500. Since 1950 there have been 32 UP months and 39 Down. However since 2017 its been all UP months.

Mrkts in the Far East and Pan Pacifica (7/9) are lower this morning taking cues from a weak Wall St on Friday. HK leads the fallers off 500 as shares of Alibaba slipped 3•4% with other big tech shares & property declining. Auto stocks also fell when the Chinese Industry Minister said there were too many Auto firms. Mainland China stocks saw small advances awaiting industrial prod and retail sales nos for August. Tokyo is off 60 mid morning worried over the prolonged pandemic.

In Australia news of Sydney Airport receiving a sweetened t/o offer and gains among resource stocks boosted the ASX 21 points. Sentiment was further bouyed by news the Govt had bought another 1m doses of Moderna's Covid-19 vaccine. To date there have been c.75,500 cases and 1098 fatalities. On the global league table of covid data, Australia (pop 25•8m) stands at 115/223 countries (UK no 4).

Latest: Oil $73•21. Vix 20•95.
Gold $1794. Copper $4•437.
Palm $1225. Silver $23•780.
$1•384. €1•172. Yen 109•900.
Yuan 6•452. FF u/c. DF +72.
Morning all.

Hi mickey1122, much depends on the timing of any raise and at what price. Its a tricky business pricing an RI, lots of factors to consider. At least we're likely OK for 2022/3 if all goes well. I'd rather a raise up in 50s+ than one in the low 20s. Adding to the shares outstanding makes "making the nos" that more difficult.

I agree with Edhellas we have escaped the threat of dilution in round one. As we progress more and more money will be needed and guess where its going to come from.....you and me! Rights issues / Placings have a bad track record invariably the shares end up lower than the RI strike price. I have partaken in 3, two of which were dusters. Investors here should plan on being asked to put their hands in their pockets in the not too distant future.

One possible drawback to PAT gaining a wider acceptance apart from being a risky junior explorer, is it's traded on AIM which has a 'Wild West' reputation where management are not of the highest quality.

Less regulated than the main market, AIM stocks are more risky but also have advantages of being able to move quickly and not be hamstrung by burdensome EU & other MIFID red tape. It's also the case that pis have suffered more than their fare share of shocks so tend to bad mouth all companies on Aim. But its not fair to tarnish all AIM stocks as dogs as there have been some standouts. Boohoo, Carclo, French Connection & Nanoco to name some and other big names like ASOS, Feevertree, Abcam & Highland Gold. Aim is a mrkt of over 800 companies where the mrkt value varies from £4bn (Boohoo) at the top to £100,000 down on the bottom
rung.

Many iis are not permitted to buy Aim stocks so given the opportunity PAT might consider a move if becoming big enough and staying independent. From where we are now that's a very long way away and tbh maybe no big deal anyway if we can mirror 1/10th of Highland Gold (£891m) we'll do more than well' enough.
Morning all.

Hi Nobull, concur with all your thoughts on REA but.....tbh I don't think enough is going to change for me to revisit. Add to the negatives you have a predatory Govt hell bent on using Palmers as there own piggy bank.
Add in estate running costs, the bottom line as a % of sales are abysmal. Oh well, I lost money here despite being well aware of the pit falls, how stupid was that! Gluck to those holding and praying for a t/o or merger.

Morning devonplay your first para completely went by me as I'm only at the changing the light bulb stage!
I never had any Prefs but the 1p return?.....a start I guess. No doubt i'll cont to watch events here but the bloody debt is a killer for me and if the Fed pull a fast one on the mrkt by raising rates, what then for the Ords?
My Gold stock keeps coming up with the 'resource' goods but as per is ignored by the mrkt.....at least they are debt free, unusual for a junior expo miner! Be lucky.

Morning mickey1122....exactly the Co doing the right thing, on the right track.....the mrkt not!

As much as we all want to see PAT's sp well north of here remember Allenby have a 28p target price and they are the NOMAD & Broker to the company.
I'm not saying they are talking their own book as 28 seems conservative but I remember many pis saying Finn Cap put out over-egged research with unrealistic sp targets.

I guess as the Co Broker that's their job though I personally believe its the CEO's job to promote the sp and the Broker to find the buyers. You must judge who's doing the better job.

PAT
Wk 36 close

Trades 119
Vol 2•149m
Buy 1•151m
Sell 0•998m
Buy 1•52:1
Buy 54%
Avg deal 18,059
Avg cost c.£2490

The RNS provided a spike in deals and volumes (980,000 today / buys 1•67:1) though the news failed to boost the shares ending up 0•25 at 14. The 12% rise was from a wks low of 12•25 so we essentially stood still. The 2 bigest trades were 100,000 sells at 13•65 & 14•05 the highest sp (15).

Yet another RNS fails to provide even a paltry penny rise. Not sure how 50 is to be achieved this year, it might be a hill to far. No doubt investor sentiment is positive it just needs the sp to reflect the changed mood and excellent resource data. One day Rodders?....

Nevertheless the assay results are significant and I prefer to rely on them than any daily jobbers evaluation of PAT. Have to say my patience is being tested but I've made my bed and will reassess at years end.

Gold fell $42 on the week to close at $1788. A big sell off in US equities could be the catalyst to boost Gold. The ftse slipped 109 (1•5%) to 7029. The Dow had a poor week falling 761(2%). Tokyo was the best performer rising 1254 (4%) with HK adding 304 (1%) and Shanghai 123 (3%). The ASX tumbled 116 (1•5%) the worst of the Pan Pacifics laid low by covid and mixed resource prices.

Close:- Oil $72•95. Vix 20•95.
Gold $1788. Copper $4•429.
Palm $1225. Silver $23•760.
$1•383. €1•171. Yen 109•846.
Yuan 6•443.
Morning all.

Some sellers were getting 13•70 yesterday, you ain't getting much more now!

Blimey, didn't know you were invested here Hasiba! Cripes I expect H to appear any minute now....