Member Info for Mulder

About time SP got back to a more sensible 10x earnings = 280p

.

The nasty seller/MM at the close continues wiping out any gains.

The UT is very bizarre here, sometimes more than one in a day.

Needs investigating.

To finish down when buys>sells for the past 2 days by a large amount is highly rogue.

No reason for this to be trading at less than 9x earnings.

Forgot his Lithium this morning.

You desperately need an SSRI.

Almost impossible - especially when the hedge funds have an unfair advantage.

Definitely not a level playing field.

Elikhulu compensates for EGM
In the longer term, the development of Elikhulu should increase output to a steady-state level of c 181koz and, as such, it will largely replace production lost from Evander underground – albeit at a much higher margin.

Valuation: On a rising trend again
Updating our long-term forecasts, our headline absolute valuation of PAF has risen by 0.42p to 13.01p. Including new projects and other assets, however, our all-in valuation has risen by 0.96p to 17.53p plus the value of c 20.1m underground Witwatersrand ounces, which could lie anywhere in the range 0.17-4.15p per share, depending on market conditions.

At the same time, if PAF’s average price to normalised current year EPS ratio of 9.7x in the period FY10-17 is applied to our forecasts, then its share price should be 15.1p in FY19 and 18.7p in FY20. In addition, it remains cheaper than its South African- and London-listed gold mining peers on at least 41% of valuation measures on the basis of our forecasts, or 58% on the basis of consensus forecasts.

Based on our assumptions, its FY19 dividend yield is also the third-highest of the 65 ostensibly precious metals’ companies paying dividends (see Exhibit 11).

**It is also trading below its interim book value of 11.8p per share (H118).

https://www.edisoninvestmentresearch.com/research/report/pan-african-resources438045/preview/

Market makers.

Better buying day today so far with 350K bought and 160K sold
I expect the usual seller to dump some right on the bell which always collapses the closing SP.

It is a similar situation at Debenhams but only 9 days to cover shorts. Scarcely believable 12p but again shorts are certain Ashley or anyone else for that matter will not make a bid. Unless they have a direct feed with the board and CEO how could they possibly know that? Insider trading is rife.

That is a very long time! Sorry but this tells me that they have been given INSIDE and privileged information regarding the company that is clearly not good! 69 days means they know for certain no takeover is imminent nor even a rumour. Now how could they know that with such certainty? As usual this market stinks I'm afraid.

Are you privy to some inside information on Vodafone?

Looks like BlackRock have also reduced/closed to <0.5%

Yet SP closed down! #roguemarket

Usual shite here though.

On hopes of an imminent VOD-Idea approval.

Couple of decent buys this morning.

160K shares
97K

Not sure why but I'm afraid some quite hefty sells these past two days folks. Just two weeks to Elikhulu start up also. Trading at almost half the book price!

Price to book is less than 1 here. BT is closer to 2 due to 22Bn in pension/long term liabilities.

Convert to GBP from Euros remember...