Member Info for Selpec

Downtrend looks exhausted. I expect shorts might be looking to close positions before interim statement.

Nice chart, Gavster. Looks positive in long terms. The only concern is surge this week. Too strong momentum downwards at flat gold. Somebody needed money or burned £0.5M up to drop the price. Oversold drastically today. I guess the play has not finished yet. I will keep cash for two weeks when the trend exhausted.

Gavster, thanks! Good information about Eskom. Almost insiding. Unfortunately algos don't make any link between production and load shedding. Too complex for most of investors. I don't think take off will happen before RNS or directors deal. Still waiting for lower price to jump in. What is embarrassing that I can't predict SP at all. Yesterday it grew on falling gold, today it's falling although POG higher than yesterday.

Looking at prior SP behavior, today's rise is rather unusual. Low volume anyway. I am waiting for 23 ish to get in back.

I am targeting SP = 40 by end of next year. Seems enormous. But look at capitalisation, - only 12.5M. With permits and completed construction, mining companies with similar production capitalise in the range +100M.

I bought first stock for 23.6 when gold was 1920$/oz and PAF produced only 175koz. Now I think it was stupid investment as price could not reach even 30p at POG=2300$ and production 190koz. However enjoying with really good dividends for several years.

Eventually politicians created a way to grey market and corruption.

Figures are rather cautious considering market reaction last year. With POG = 2350$, Consort mine in PAF portfolio can be reactivated as profitable again. However it might have implication on average AISC. Actually I don’t know Cobus plans, but there are options to produce 190 - 200k this year if no major issues.

Question to investors on the forum. What is the portion of your portfolio in PAF? I try to keep it in the range 25 - 35%.

The news was just yesterday. Cobus reported latest details about PAF at Zurich gold conference. Next event will be 11 September.

Why price plunging?

If gold drops down to 2000$, what will be the PAF price?

PAF is too big for takeover. And mining business is too complex and probably dirty in South Africa. I hardly believe in takeover that somebody else can manage this company.

As for me, 20 -23 is not high enough to skim the profit. Especially before 5th April. I prefer shares at lower price than 50% tax.

Nearly 5% drop at flat gold looks very very suspicious. If nothing happens at plant, it should be manipulation. Or is anything happened?

With such price of gold, the Consort mine in PAF portfolio might contribute a lot to annual production. Now clear why Loots left it

I sold a little bit today. Mainly to arrange for funds at my account to return incorrectly processed dividends. HSBC messaged me about. So now I also pay 20%.

“Might be tempted try a trade on some of my holding, sell then buy cheaper, if the SP gets quick momentum to the late 18's. We'll see.” - it was good forecast, Gavster.

Not really huge rise on gold to cause such SP reaction. More likely FCA got Mudler’s complaint.

Between 15:00 and 17:00, the trade volume is over 6M. It’s a lot. How it’s possible to accumulate such volumes keeping SP low?