|Pan African Resources
||EPS - Basic
||Market Cap (m)
Pan African Share Discussion Threads
Showing 9476 to 9499 of 9500 messages
|I am expecting that improvement in 6 - 9 days.
Look at hgm.
|Ditto but I expect a 40% upside in that time on capital.
I will be monitoring it though.|
|I've bought for the yield today and will hold for 6-9 months at least. 4.9% yield inc costs and stamp duty. Very nice, I'm going to remove it from the monitor so I'm not tempted to trade it.|
|It has at 11.00, 1.4m.|
|Nice. I just bought mine here. Not yet showing ;)|
|a 1 400 000 trade at 18p timed 11.00.
£252000 is a lot of money.
|And it will be up as priced in, you do not have to be
a genius to realise the out going administration will
do as much as possible to make it difficult for the
|The U.S. jobs data will determine the Feds decision on U.S. interest rates.|
|Rise priced in, more about Sunday in Italy.
|Mid month we shall see what the Feds does with interest rates.|
|Look at hgm a gold miner moving higher along with gold.
What is paf doing?
|Message to board.
treating all rivals or disputants equally.
"the minister cannot be impartial in the way that a judge would be"
synonyms: unbiased, unprejudiced, neutral, non-partisan, non-discriminatory, disinterested, uninvolved, uncommitted, detached, dispassionate, objective, open-minded, equitable, even-handed, fair, fair-minded, just; More
without favouritism, free from discrimination, with no axe to grind, without fear or favour;
informalon the fence
"the referee is obliged to be impartial"
antonyms: biased, partisan
Translate impartial to
Use over time for: impartial|
|hgm rising nicely along with gold.
|Thanks for the video clip gold panda. I like the cut of Niel Pretorius - but I don't have any of their stock!|
|That is my assumption.
It is one thing to order a few sovereigns online. Quite another to find a few TONNES of the stuff with a ready seller.
So far in 2016, by my calculations, the comex has had to re-stock c. 156 tonnes gold and 2,018 tonnes silver - and there is still the rest of December to go. And likely the same (or more) needed for the LBMA to meet withdrawals.
I bet someone had to pay a good premium on the prevailing paper prices to get that stock from a stretched market. So stretched that the move on cash in India may well have been aimed at shrinking their gold market for a while. Very coincidental that Mondi launched his own 'war on cash' on the US election day!
|Many thanks Chip. Out of interest, if players have to buy physical to satisfy withdrawals is it fair to assume they will have to pay more than their paper price?|
|chip, what we really need is a physical shortage. When prices go down and I feel the urge to sell, I always play this genius interview with DRDGold CEO Niel Pretorius
from 1:40 "The gold that's being carried on a central bank balance sheet is dangling from the ears of a lady in India... and you know it's being turned into little gold elephants in China"
I feel better each time I hear it. The key reason I like PANAF is because of the long LOM. It's incredible to have a LOM of over 20 years, most new projects I see are for 7-8 years. So this company can withstand a storm in prices and the management seem to really known what they are doing. Remember all the fire they took from analysts and shareholders for the Uitkomst Colliery acquisition? That mine brought a profit of 11 million rand in the June quarter alone and that is before the recovery of coal prices. Not bad for a ZAR 150 million purchase, on track for payback of less than 3 years
Not all of them yet. But the nearest ones of import are:
For gold Feb17 at 844 tonnes
For silver Mar17 at 19,667 tonnes
But this is a never-ending cycle - at least until we get some sort of physical price discovery - which is reasonable to expect one day, however far ahead that might actually be!
So contract levels will vary as the year progresses.
But there is a bit of light at the end of the tunnel as actual physical withdrawals are increasing and have to be replaced from the world market at physical prices.
Based on the recent growing importation levels of PMs to the UK and the USA, it does look like there may be a degree of desperation creeping into these paper markets. But we will see if they can keep the 'wheels spinning' for yet another year!
|Good post, such a shame, although after such a mark down,
I am sure it will have its turn again.
|Chip, now the December contract is closed, do you have figures for the future months?|
Well since you are asking about the big drop in PMs:
As it is the paper-traded markets (LBMA & COMEX) that set the prices by controlling the paper selling of PMs, you only have to look at the forthcoming open interest on near term contracts to see the downside risk.
You can only work this with the comex as the lbma is totally opaque.
Exactly 2 months ago the naked short levels on comex were 1,371 tonnes of gold and 26,604 tonnes silver for just the single contract month of December. Clearly this would have been totally impossible to deliver - so the price had to be smashed by selling later month contracts.
This is exactly what has happened. Both the silver & gold contract exposures have been drastically reduced by forcing out Long holders with perpetual selling pressure. So mission accomplished for these crooked markets!
Manipulated markets cannot be rationalised in any logical way. Price discovery is all about control - not value.
|I want you to be right srp.
I hold plenty of both. (G&S)|
|160 553 trade at 18.5866p / 13.04pm.