Member Info for Waterloo04

Thanks Offler. I will check out the South Africa Revenue Service website. I hold 88304 shares in PAF. The gross dividend is therefore £844.28. What was credited to my account yesterday was £677.78. The SA withholding tax which was deducted at source is £166.50.

Gross dividend is .95611p per share. What has been credited to my account is 80% of that.

20% SA withholding tax is automatically deducted from all dividends BEFORE the dividend hits UK bank accounts. That is exactly what has happened this year. I am having discussions with Hargreaves Lansdown as to the mechanism to reclaim this tax for UK residents.

Another Gnu?

I would like to think that 31p was the low. The last set of results was based on POG, circa $2,000 per oz. So even if POG falls a bit further, I'm sitting tight. I wonder if the AGM next week will give PAF a bit of a boost ...

"Berenberg"!

Yes, $2,600 gone. Interestingly, Berenbery today raises PAF price target to 45p with a "buy" recommendation.

Drop in sp may have been influenced by Resolute Mining where the shares tumbled this afternoon as their Chief Executive was detained in Mali. There is a dispute between the company and the authorities in Mali. No such conflict exists in South Africa.

8.5% drop in sp is surprising. Fundamentals are still good assuming POG doesn't collapse. Maybe the AGM on 21/11 will provide some upward impetus.

Well, it explains why the sp is not currently circa 45p (which I would otherwise have expected). I have this one in my ISA so I am planning to hold long-term. I am very bullish about the long-term prospects.

Significant share dilution will keep sp pegged back in the short term, I think ...

I am also surprised that the sp is not 40p plus by now. At some point, there will be an upward correction. I'm not sure if the AGM on 21/11 will generate some interest. Anyway, I am sitting tight for the time being!

Frank Watson, market analyst at Kinesis Money, said that the price of gold "should continue to push higher" but warned "it may encounter resistance at around $2,750 an ounce".

Chris Beauchamp, chief market analyst at IG, the online trading platform, said [18/10] the price of gold is set to continue its upward trend "driven by continued geopolitical worries, central bank buying, and falling interest rates. It continues to be a banner year for gold bugs, with no sign of the gains being reversed yet".

Yes - can't see any clouds on the horizon just yet. I got into these at 28p - but jolly glad I did!

An all-time high.

Possibility of positive press comment over the weekend???

PAF online presentation "Mining for a Future" - 10.00 BST on Wednesday. I would hope that this will have a positive impact.

Production for the year was 186.039 ounces - this was at the bottom end of the company's revised guidance (186k to 190k ounces) - hence the slight pull-back in the share price. Hoping that the company presentation on 11/09 will move things forward again.

AIM and the main market operate independently of each other. PAF is an AIM company. It is incorrect to suggest that PAF will imminently join the FTSE 250 - it won't.