Member Info for Patryk221

Till gold finds a floor and starts to rise without the daily up and downs there’s going to be volatility in the market. Cobus knew what he was doing and CEO selling is always a bad sign (they know more than we do) PAF has a lot going for it but Gold is wobbly and I’m wondering how it will react when US comes out of shut down = Down and that’s probably the reason why everyone is offloading gold right now.

I agree fundamentals are there unfortunately on the last bull run Gold also detached itself from the Goldie’s for few months and then miners caught up… I fear the same is happening here, I will most likely jump back with a smaller holding but when this nonsense we are seeing right now stops… and there’s proper upward momentum.

Kat I have not sold a single share for last 5 years so it’s kind of feels weird and scary :) market is just all over the place not making much sense

Kat-now it makes sense, Barric down 10% fres, hoc over 15% this is simply going to be a sh..ty week I prefer being out than watch my profits being eroded, our CEO here knows more than we do, he sold a bit as well (nothing compared to what he has) but did sell and that’s not the best of signs. I do believe this will eventually come good, it’s all about timing. If I miss the boat it is what it is…

Offler I agree this in normal market conditions will go lot higher, right now there’s too much talk about what Market will do next and I been in the last crash (lost 80% of all I had in a Goldie) as the market pulls everything down with it even when the gold price is rising, the pullbacks that don’t recover at higher gold price make no sense so it has spooked me…. :( it’s a crappy feeling being out…

This is a good company but something weird is happening with the market right now …. Might be just a tree shake but it does not make much sense as Goldie’s are completely detached from any rise in Gold last few days. Like u I will reassess on Friday what to do next, but certainly won’t be all in again. (Iv made my fair share here)

Yes Mike but it’s all detached!!! I been looking at this gold Market for over 20 years and never come across a scenario where the miners are detached from the current Gold Price, it basically smells bad. And why on earth would the ceo be selling, for me currently it’s all to risky, gdx lost nearly 10% and stocks never recovered from the lost drop even when the price of Gold was higher, that’s why I made the decision to stand on the side lines, even if I have to buy at higher prices that’s fine, but right now it’s a falling knife detached from the Gold Price completely.

I made tons here as I been here since 13p so it’s a life changing amount!! Too risky to loose it, I should have sold at 99p but that’s the market for u, plus the ceo selling (not the first time) has cheezed me off a bit… I had set these stops as I had all my eggs here :) will bargain hunt later on, as who knows what this market will do.

All my stop losses triggered, after so many years I’m out !! Profit is profit and this stock market is a wild rollercoaster. Mike and all thanx for the amazing updates here

Waterloo, hoc didn’t fall 10% last Friday, results are out tomorrow (I bought some there this morning) my observations so far are that PAF takes a huge beating and does not recover as quickly as others, I’m hoping this will change when we move to main market, it’s the usual shake down before next rise, by Jan 2026 we should be way over £1 here esp if gold stays above 4K which it should considering the geopolitical issue…

So we don’t recover with gold but only dive with gold… very strange market action here lately…

Issue I see again is that gold recovered a good 60usd from the drop and we have not! Nor have the mining stocks and that does not smell good. I hope things change when US opens

As things stand I think it’s a hold here, gold after this correction will go higher with tailwinds from interest rates coming down, Newmount is releasing their results this week which will give tailwinds for miners Profits should be huge with gold price over 4K

Thank you Mike , I got similar views, risk reward here is high and we all know we are undervalued, I been in this sector nearly 16 years and been burned many times, bull runs normally last 3 years and this is a start of a bull run so at least another year to go, the rest is noise… we are way behind the gold price curve and on news, hopefully this lifts. Have a good weekend let’s see what Monday brings GDX gone up after hours so am hoping the 90p line holds.

Thanx Mike I guess I will follow similar path to Protect my wealth, if only we knew when to sell we would be Millionaires now, drop in miners on Friday was way overdone considering the price of gold which recovered to 4249! , I’m still expecting the SP here to move north once earnings are being released, Mike can I ask what is your exit price here ? £1.5-2, one always needs to know when to sell, iv changed mine twice now from 80 to £1 now to 1.5 ;) PAF is a good and solid share to be in unfortunately the news flow here is rubbish compared to others out there, hope that changes in the near future.

Mike Can I ask,have you sold any today? With the amounts I hold 10% drop hurts a lot and Im starting to fear the worst on where the market might take PAF, as previously mentioned PAF didn’t really rise as much as others with the latest 300usd rise in Gold yet it dropped the fastest which states the obvious… fundamentals are there so is the Gold Price even at 3500 we are making a huge profit, I simply don’t want to miss the rise above £1 but yet don’t want to be here if this drops below 70p which till today I thought is unlikely considering the price of Gold, unfortunately AIM is pretty much rigged and PAF is not the best at news flow . Whats ur view on timelines.

Viable this could have been a sell or a buy?

Would have been nice to have sliced half and rebought at these levels… :( I did have a feeling about this as it made no sense that PAF SP didn’t move with Gold, slight correction and we plummet like a rock here. Time to close my PC till next year see where this is Results day. I didn’t expect this to fall all the way to 90p.

Gee this is painful….

It will go back up, gold lost its one day gains and that was my main worry here that we did not move up with gold however when gold corrects we get pulled down with it…really frustrating. I don’t see huge sells today it’s more Private investors being in Panic mode.