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PGL Peninsular

6.25
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Peninsular PGL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 6.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
6.25
more quote information »

Peninsular Gold PGL Dividends History

No dividends issued between 30 Apr 2014 and 30 Apr 2024

Top Dividend Posts

Top Posts
Posted at 23/1/2014 19:25 by v1d
21trader - many thanks - that would explain why WNTS were operating in the dark pool of "PLUS". It worked to an extent, because I and others bought some, although at less than 7p overall.

The big question is - why is the seller distressed? Redemptions demanded from an illiquid fund, or do they not buy into the story of improving gold prices this year and feel that PGL is doomed?

I'm definitely letting my shareholding run and maybe add some more.
Posted at 27/8/2013 16:31 by captain_crash_and_burn
Right in that case I continue to be baffled by the prices of some of these junior goldies but unfortunately I've had my tail burnt recently so don;t want to plough in until I can take some others out :D. I am sure that PGL will end up doubling just before I get the chance to buy in, certainly can't see it dropping much further though.
Posted at 27/8/2013 13:20 by captain_crash_and_burn
Hi Eric, gold rocketing away can't be a bad thing for old PGL, do you know what the JORC resource stands at currently.

I think if gold were to settle around $1450 co's like PGL should do very well indeed over the next year or two!
Posted at 05/7/2013 19:56 by aleoap
Some interesting general stats on gold and gold shares I regularly collate. Total market cap value of all London listed gold miners reduced month on month from Oct 2012 at a then worth of £24 billion to end of June 2013 with a worth of £11 billion. Month on month consistent decline.

Gold itself outperformed stocks each month bar May 2013. Overall of course holding both you generally would have taken a hit.

July mtd is so far showing the first positive indicator with gold stocks up 0.7% and gold, yet again outperforming shares, with an increase of 0.9%.

I would wager that if gold itself were now to reverse and move back up significantly, gold stocks should outperform gold due to (with producers) their higher leverage. Of course if gold were to drop to $1000 from here, holding some miners would be disastrous. Timing as always is key.

With regards PGL, even though it may not feel like it, they have moved up in my 'league table' due to the abysmal performance of other previously higher rated peers. Companies like HUM, VGM, OMI, BGL, NYO for example.

This just needs a little bit of good news, heck they have the potential for transformational news, could do wonders for this quite illiquid share.
Posted at 30/11/2012 12:05 by superbobtaylor
I thought results were very good. Nothing concrete re. 2mtpa apart from some waffle about the front end but they do appear to be getting a grip on things operationally.

Wonder if they can go a year without borrowing even more cash! They need to be paying this debt down and then they could think about paying divi......

SBT
Posted at 25/11/2012 21:00 by aleoap
24,000oz pa is still not to be sniffed at however investors were under the belief that double this was possible. Still, its a profitable business and with au price getting ready to launch forward again they are in a good position. We need to know what is stopping the plant from running at its optimised rate, PGL if your reading this, detail in results please.
Posted at 21/11/2012 10:31 by superbobtaylor
18,100 ounces for the year to 30 June, 2012 giving a revenue figure for the year of £18.7m. (last 2 querters will give 24oz next year)

So a realised price of $1645 / oz. If PGL costs are $1000oz then we should see an operating profit of £7.35M. Not bad for a company valued at £17.20M.
Posted at 05/10/2012 15:35 by superbobtaylor
Hi aleoap still there?

Some (for PGL) really big buys this afternoon. Gold rising and we must be in for a produciton update soon. Maybe some good news next week? What did you make of the latest funding RNS.

SBT
Posted at 24/9/2012 17:55 by aleoap
FWIW, had a look at long term chart. Downtrend still intact, although divergence showing on RSI and MACD, subtle hint that a reversal is on the cards. Needs some strength and positive news to push out of this though. Come on PGL, positive update please.
Posted at 16/5/2012 08:43 by aleoap
As of yesterday I have LSE gold stocks down 12.6% against a drop in gold of 5.1%. Today it seemingly continues. PGL now looking at an all time low. All time low was in crash of 09, all time low close was 14p and all time low intraday was 13.5p.

edit - as of close of business today gold stocks now down 13.5% against physical 5.4%

Looking at all the stocks, there are a few that in my opinion stand out. PGL firstly being a growing producer looking at 50k pa end of 2012. PGL currently sitting alongside MARL (explorer with 519k JORC approx 1.0g/t), BZT, OSU, AFCR - all explorers.

Secondly I see CGH as a potential good buy at these levels, mcap £45m, had cash of £50m in June 2011. Might be worthwhile waiting for next financials to see where cash levels stand but they have a healthy 5.5moz JORC over 4g/t I believe.

Lastly PGD, although I do like it, appears to be vastly overvalued when measured against it's peers. The share price has declined much faster than those around it, and when you compare it against the others it did have a premium attached. It would look more in line with the rest of the LSE sector at around 15p however - around £100m mcap).

All the others appear to have held hands and moved down together, the opposite effect of 'a rising tide lifts all boats' I suppose.

It does make me laugh how a total of £2750 sell trade today can reduce PGL mcap by circa £1m. I can't imagine there are many more sellers here left, certainly at this share price

Next news can't be far off. Even if it is another delay..

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