Member Info for JohnLewis79

Yup, I'm with you on that score mickey.

That sell of 152,466 at 12•65
represented 66% of the total trades today so while it skewed the trading volumes it had no impact on the closing price. Attributing motives for a relatively big sell like the above is a waste of time as I can think of half a dozen that might fit the bill.
With one day to go sell vol represents 54% of the total traded this week on a 1•15:1 ratio leaving the jobbers little reason to push the stock down.

Bigest buy of the week to date a c.£9000 deal. N.I.C.E.

F*** Me and I was toying with coming back here for a couple of thou! Not bloody now. The div is about the only plus here and that could be cut or stopped on this news.

A late 34,171 Buy narrowed the gap between buys and sells yesterday to c.7000. Volumes were better than Tuesday at c.184k, shares ticked up •25 on 11 trades.

Mrkts wobbled in N.Y the Dow tumbled 681(2%) it's 3rd straight down day on inflation fears as the CPI shot up to 4•2% in April a 13 year high. Asia which takes its cue from the US is flashing red this morning.

London is called 25 lower with a rebound on the Dow of 125. The ftse100 which has lagged the soaring US mrkt for the last year has caught up and ytd is c.9% ahead to the DJIs 10%. China was the early leader but has fallen back 10% since March allowing Singapore to head the best performer table by •09% (11%).
Morning all.

At the moment an investment in PAT is based on 'hopium' albeit with a great deal of resource material which we are waiting for proof of so in effect were voting as opposed to weighing PAT's future prospects.

Given we cannot calculate with any certainty future cash flows 1,2 or 5 years out valuing PAT now will be solely based on what the next RNS provides as to the value of assets in the ground. At the moment a bird in the hand is worth more than 2 in the bush...... a few acres away.

I'm not sure what basis 100p is based on. I don't have a crystal ball so i assume the 100 is based on the work the Prof did a month or so back. Could be on the money or not
I have no idea. However most here are of a bullish bent and without optimism we would never take a bet or invest in anything.

As for myself, this is the least researched share I have ever invested in and who knows that might be a very good thing given my last disaster of which I knew a great deal about (personal experience) and landed up costing me plenty. What I didn't factor in was "there's nowt so queer as folk" (couldn't see the gift horse) which ultimately scuppered the Company.

Luckily PAT does not need to rely on the human factor to be successful outside of people continuing to buy Gold. If all goes well PAT should deliver the goods for shareholders in the next few years and transform the Co prospects. Has to be a 50:50 bet that the data will support some decent drill results and one can't ask for anything more than that however frustrating the delay.

Interest in PAT seems to be picking up along with other commodity plays in the expo sectors. Volumes yesterday were 135,000..... buys outpacing sells 3:1, shares managed a grudging •75 rise.
Gold ($1828) slipped back when you'd think the safe haven attraction would have investors queuing up to buy as equities tumbled in the UK (-176) and US (-473) yesterday. Gold lagging gains in other resources is up c.4% ytd.

It's a sea of red this morning in Asia and the Pan Pacifics, the Nikkei down 686. The ftse is called 20 lower at open the Dow off 140.

This morning trades are forming a distinct pattern of Buy, sell, buy, sell, buy...? all in the spread this morning.
Perhaps some disappointment no drill results announced but these can come at anytime from tomorrow to June, so unless your holding for at least 3 months timing your buy to hit results news is a very longshot.

Traders will be in and out on a daily basis trying to hit the announcement and hopefully a bounce out of the current range to make a quick turn. I'm not that bothered by a 2 or 3 or more rise in the short term. Net asset value and EV will and prospects thereafter.

Last Friday buyers outpaced sellers by 8000 and only 49,000 of the total weeks sells (268,000) were dumped on Friday all around the 13-13•07 price. Might indicate the selling is slowing down and a more positive view on the upcoming resource drill results.

A sensible spread today which despite the headline nos you can deal well inside of if a buyer. Once again better volumes this morning with total trades on the week over 500,000 though in £ s.p. terms it doesn't amount to a great sum when sells cancel out buys. Today buys outpaced sells by 1•2:1 on 11 deals today.

Total volume for the week was 568,033 split Buys 299,839 & Sells 268,194. Shares slipped •50 on the week. Gold had a good wk trading at $1832 up $65 as London closed. US mrkts and crude in the plus column.

Here's how the S&P 500 has performed over the same time frame as Gold.

1970 (92)
1980 (136)
1990 (330)
2000 (1320)
2010 (1258)

2015 (2043) / (-1%)
2016 (2239) / (+10%)
2017 (2674) / (+19%)
2018 (2507) / (-6%)
2019 (3231) / (+29%)
2020 (3757) / (+16%)
2021 (4201) / (+12%)

1970-2021

Gold UP 4822%
S&P UP 4466%

If you add in dividend income job creation, company taxes received shares have outperforned a non producing asset like Gold which is based on price appreciation only and carries storage costs and insurance. However the return on Gold over the last 20 years has outperformed Shares 10% to 4%. So it's best to have a mix of the two assets.
If you went back to the 1930s stocks blow Gold off the map (27,900% / 8570%) so its very much which time frame you use for comparison.
Rule of thumb over the long term stocks outperform Gold.
Morning all.

I looked at CHF Resources at c.10 but swerved in favour of PAT. Bad move CHF is up 22% since and PAT down on my avc by 19%. Still in a years time if all goes well I'd expect PAT to make up the diff and then some.

All lining up nicely for a change!

Volumes and bargains are up on last week on hopes of imminent drill results, not bad considering Monday was a Bank Holiday. Buys v Sells are pretty even stevens, 171k buys and 168k on 16 trades so far this week.
The demand / supply ratio seems to be satisfied as the stock trades in the 13-15 spread and with no news to effect this the stock will trade in this range. In my opinion there are no other drivers of the share price atm, not economic (Gold price) not Company fundamentals, inflation, rates or sentiment its all about the next news report.

Must say the 'Buys' were flattered by the 140k trade on Tuesday so we'll see how the trades pan out today and tomorrow if no RNS lands on our doorsteps. Either way there seems to be support at the 12 level and next resistance in the 20 range from my limited knowledge of squiggly line theory. Morning all.

Gold prices (inflation adj) since 1970.

1970 $37
1980 $589
1990 $391
2000 $273

2010 $1410 (+28%)
2011 $1574 (+12%)
2012 $1664 (+6%)
2013 $1201 (-28%)
2014 $1199 (u/c)
2015 $1060 (-12%)
2016 $1152 (+9%)
2017 $1296 (+13%)
2018 $1282 (-1%)
2019 $1523 (+19%)
2020 $1895 (+24%)

2021 $1777 (-7%)

Nice chunky £20,000 buy went in at 14•25....no problem mickey1122 LOL.

Fair comment star786 but tbh I think you have to have a ....what will be will be attitude especially when it comes to waiting for what could be game changing news. I waited 2 years for results of a med device that could have broken the company. I used to rail on the Co board about delay after delay, did me no good beating myself up over my stupidity.
Sometimes a little humour breaks up the frustration. By and large owning shares is a fraught business in my experience and why we put ourselves through the agony, well who knows?
For some it's the thrill of picking a stock that noone else has spotted, for some it's the lure of making a quick buck, others for owning a part of a successful business that will one day achieve ftse status or a dividend payer.

Whatever the reason one thing I have learnt is that unless your extraordinarily lucky it's a longterm business where you have to have the will power to stay the course. I intend to stay the course here unless the facts dictate otherwise and for sure I'd like good news tomorrow but if not Que Cera Cera.

It was a joke guys, tongue in cheek ffs!
Hasn't anyone on this board have a sense of humour?

I'll be doing some 'panhandling' if this turns out a crock of ...t!

B/Faso reported 489 deaths.