Member Info for Selpec

Which hedges available for PAF?

Sterling, if Gavster's calculations are correct, I would expect PAF board splits 40% profit on dividends what should give us around 2.4 p per share, or 9% from current price. Too high % for the industry. More likely the market will equalize yield to 5-6% - average for gold operators by rising SP to around 40p. Personally, I prefer buy-backs instead of divi. Biannual or quarterly payment is necessity already.

922941, don't be so greedy. If it's cheaper tomorrow, I will buy more.

Thank you MaLata, now sliding SP makes sense. Occasionally thought i3E price linked to oil.

What is AECO?

I wonder why AGM on 10th June did not move the SP? Nether up nor down. Will be surprised if formation of coalition has more effect than AGM.

Gavster, it’s quite normal behaviour of parties trading out as much as possible from the situation. Unity agreement will be signed exactly on the deadline, - from memory on 14th day. However I think it will have the same effect on PAF price as improvement with Eskom. Nobody noticed lack of load shedding in H1. Seems investors read only financial report which needs update.

Difficult to build a position here. Order just of 23800 shares at best price took 28 mins.

Healthy correction of POG. At least now it’s not in parabolic move which makes many investors nervous.

Stuck between 24 and 25.5. Waiting for 10th June, or any significant move in gold.

Short players again spoiled SP. Damage is not really deep. Now they need to buy shares back what eventually will boost the price.

Hi Gavster, there was video last year when Cobus mentioned 30% dividend as optimum for business. Not sure about this year. I just considered pessimistic scenario. 40% eventually might be a booster for SP.

Progress at Edison should be converted to some figures,. I would expect higher PAF production rate without load shedding, - but no real change reported up to now. At least no official statement. We likely see it as surprise.

Considering production 185kOz in 2024, POG= 2350$, AISC=1327$, Debt =$56M

In pessimistic scenario Earning should rise up to $107M, or EPS=4.8GBx

Usually Cobus insists on 30% dividend, so expected dividend will 1.44 GBx this year.

Applying PAF typical P/E ratio 6.2 the selling price will be in the range 29 - 30 GBx.

So in my analysis 12% rise from current price is guaranteed. Optimistic scenario gives SP = 51, but PAF has never developed in the most positive way. Average SP target might be around 40 this year.

Market capitalization gets over £500M. Milestone!

Nice run!

Seems 26 is unbreakable

Also 9% pullback of palm oil price was deeper than expected. It needs flip to positive first.

Not really. Still accumulating. Need 3-4 weeks more

It looks nice today, but comparing with March performance is awful - drop is 50%. To recover the same level, SP should rise 100%.

BlindLeadBlind, sorry don’t catch your trick. How could you rise prise by selling? Looking at your transactions, every sell pushed price down, lower than before. Seams price was driven up by following orders. What is the science behind?