Member Info for Waterloo04

I have been in and out several times, Patryk (usually - but not always - successfully)! Right now, I plan to spend some of my winnings, as age (78) is a factor for me.

I got out at 165p. Probably premature - but overall a very nice profit in the bank. I am very grateful for the knowledgeable people who post so helpfully on this board and the spirit of camaraderie (so unlike, for example, the GGP board). There is no right or wrong decision - we each do what is right for us at the time. I may be back. Good luck indeed to all who still hold.

RayCr

Noted - thanks.

I googled "Edison Pan African Resources".

Rather surprised by the following statement from Edison regarding PAF - "You should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant". Seems rather strong. Wonder what's behind it? Don't know if any particular significance should be attached to it?

Hi Tigger. I originally got into PAF in July 24 at 28p. I bought some more in March 25 at 41p. In May 25, I bought some more at 49p, which maxed out my Stocks and Shares ISA. My purchase yesterday at 171p is outside my ISA, so I look at the two holdings separately. I am not one of the high rollers here, but very happy indeed with PAF.

Bought some more yesterday at 171p. Still hoping for £2 - happy to wait for that to happen in the fullness of time (September at the latest in my view).

GGP is down by a similar percentage. However, exactly one month ago, we were below 140p here. So most of us are still looking at sizable paper profits. Gold has fallen back slightly, so we can expect a modest retrace.

My reading of the situation in SA is that Cyril Ramaphosa has brought stability to the Government. He has close links to Cobus Loots who is a pretty shrewd and canny operator. I don't have any concerns about the political situation at the present time. I am hoping for £2 here this month.

Not all miners are down. GGP up 4% today. Very happy with PAF though, and expect the magical £2 will be reached before long.

Yes, this one was a winner, alright, cracksniper!

I plan to take some off the table (probably 50% of my holding) once £2 is reached. My rationale is probably a bit different from most, as age is a factor for me. I'm 78, so need to spend some of my savings and enjoy myself whilst I still have health and strength and most of my marbles! Rolls-Royce was the biggest share profit for me (I bought in at 90p), but PAF is running a close second.

Greathand CEO Shaun Day describes gold and copper as "the ultimate tariff hedge". Greatland moving up very nicely this morning (got back in last week). Also had a small punt on Tharisa. Through 170p here and not unreasonable to hope for 180p this week. The "Holy Grail" of £2 is getting closer!

Looking at Steppe Gold, and may give that a speculative try.

Good point about the dividends, Mike. I'm not planning to jump ship just yet! But I am looking for new opportunities.

Many thanks, guys. I hadn't appreciated the extent to which future production is likely to level off. At some point in the not-too-distant future, the share price is also likely to level off (unless the POG continues on an upward trajectory). Anyway, let's get to £2 first (which I am fairly sure will happen later on this year). In the meantime, I am hunting for another share that will give me the same spectacular percentage rise that PAF has (they are few and far between!).

Remember the days when the sp was struggling to beat 40p? Not that long ago.

Have the fundamentals changed? I don't think so. POG is still on an upward trajectory - the POG on 01/01/26 was $4,321. I'm taking a long-term view and am not too bothered by short-term fluctuations. Slight concern over AISC, perhaps, but the company is expanding production and the future looks ...er...golden to me.

With the possibility of an announcement next Friday and the slow recovery in the gold price, I also have positive vibes about the week ahead.

I had a PAF stop loss in place for PAF around the time the SP fell from 100p to 80p because I had concerns (unfounded) about some of the messages coming from the company (half-year production figures a little below the expected figures, etc.). In my case, I got lucky in that I was able to buy back in at a lower price. But that was luck, not judgment. Some years ago, I lost a lot of money (for me) when I became emotionally wedded to a company where the SP started to fall. I had no stop loss in place, and the shares were almost worthless when I finally bailed out. Since then, I have tended to have stop losses in place. However, I tend to agree with others that a stop loss on a company like PAF can be counter-productive.

But, as Mike points out, we are always learning. It pays to keep an open mind.