Peninsular Gold Share Discussion Threads

[superbobtaylor] 06/2/2013 10:59

I agree there has to be to this than a broker report. They have a habbit of issuing RNS's at any time so of the day so my advice is to keep 'em peeled!

SBT

[jewellsrimet] 06/2/2013 10:56

Sorry aleoap...I didn't notice you'd already mentioned the Faraday report! Hopefully today's share price rise will help to raise the profile of the company.

[timgw] 06/2/2013 10:51

Seems quite a big rise (!) purely on a broker's recommendation. The company does look undervalued but there were placings at much higher prices than this so quite a few people are still well out of pocket.

[superbobtaylor] 06/2/2013 10:38

Yes the infrastructure is nowgetting there and it looks like they have got over the teething problems / have recruited some decent people to sort it out. I would assume they will get to 2mtpa at some point this year. If the exploraiton hits a decent strike then everything is now in place to deliver significant amounts of gold to market quickly.

SBT

[aleoap] 06/2/2013 10:24

Thanks jewells, my valuation would be much higher, but that is subject to the company hitting it's targets with production at 50k oz pa, successful drill results and Raub resource update being better than expected. The legal case is no longer hampering investment and they do need to start promoting the company through research notes/interviews etc..

[jewellsrimet] 06/2/2013 10:16

Recommended by Faraday Research today. Excellent value in this company. I can't post the write up because it is a subscribed service but they did say that "a valuation of 40p wouldn't look stretched".

[aleoap] 06/2/2013 09:56

A few things to look forward to this quarter in last results:

'Additional improvements currently being implemented are expected to give a further improvement during CYQ1 2013'

'At Raub a number of new drilling targets below the oxide zone have been identified and these will be drilled in Calendar Year ("CY") Q1 2013.'

[aleoap] 06/2/2013 09:53

Just reviewing my post last year..maybe Faraday have had a look at more recent production results?

25 Nov'12 - 20:56 - 892 of 898 0 0 edit

Jan 2010 954oz from 90,000t = 0.33g/t
Feb 2010 954oz from 90,000t = 0.33g/t
Mar 2010 954oz from 90,000t = 0.33g/t
Apr 2010 954oz from 90,000t = 0.33g/t
May 2010 1438oz from 90,000t = 0.49g/t
Jun 2010 1618oz from 90,000t = 0.56g/t
Jul 2010 1880oz from 105,000t = 0.56g/t
Aug 2010 1287oz from 82,504t = 0.48g/t
Sep 2010 1043oz from 83,420t = 0.39g/t
Oct 2010 1629oz from 113,580t = 0.45g/t
Nov 2010 1447oz from 112,681t = 0.40g/t
Dec 2010 1447oz from 112,681t = 0.40g/t
Jan 2011 1187oz from 93,075t = 0.40g/t
Feb 2011 1187oz from 93,075t = 0.40g/t
Mar 2011 1187oz from 93,075t = 0.40g/t
Apr 2011 1390oz from 114,339t = 0.38g/t
May 2011 1390oz from 114,339t = 0.38g/t
Jun 2011 1390oz from 114,339t = 0.38g/t
Jul 2011 1231oz from 116,248t = 0.33g/t
Aug 2011 1232oz from 116,248t = 0.33g/t
Sep 2011 1232oz from 116,248t = 0.33g/t
Oct 2011 975oz from 81,112t = 0.37g/t
Nov 2011 975oz from 81,112t = 0.37g/t
Dec 2011 976oz from 81,112t = 0.37g/t
Jan 2012 1621oz from 50,776t = 0.99g/t
Feb 2012 1787oz from 57,133t = 0.97g/t
Mar 2012 1913oz from 66,023t = 0.90g/t
Apr 2012 2550oz from 93,390t = 0.85g/t

May 2012 1804oz from 80,805t = 0.69g/t
Jun 2012 1804oz from 80,805t = 0.69g/t
Jul 2012 2002oz from 99,000t = 0.63g/t
Aug 2012 2003oz from 99,000t = 0.63g/t
Sep 2012 2003oz from 99,000t = 0.63g/t

As SBT states, the plant is currently running at 1.2mtpa, yet Time Mining upgraded the plant to 2mtpa. No explanation. Maybe more detail in results next week.

[superbobtaylor] 06/2/2013 09:48

Well this is a welcome surprise. Couple more days like this and I may get my money back!

[aleoap] 06/2/2013 09:22

Taken from another site

'Faraday Research have just posted a buy recommendation citing many positives with huge upside potential and undervalued price being the main two. You were certainly right on cheapness! There are many followers of Faraday so I don't think you will be lonely anymore!'

[aleoap] 06/2/2013 09:09

Insiders getting in..news due?

[superbobtaylor] 30/11/2012 12:05

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

[timgw] 30/11/2012 11:42

aleoap - I have had a good look at the annual report and accounts but can't see an answer to your question! Results look generally quite OK though with a significantly improved profit. Pity about the share price.

[aleoap] 25/11/2012 21:00

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.

[aleoap] 25/11/2012 20:56

Jan 2010 954oz from 90,000t = 0.33g/t
Feb 2010 954oz from 90,000t = 0.33g/t
Mar 2010 954oz from 90,000t = 0.33g/t
Apr 2010 954oz from 90,000t = 0.33g/t
May 2010 1438oz from 90,000t = 0.49g/t
Jun 2010 1618oz from 90,000t = 0.56g/t
Jul 2010 1880oz from 105,000t = 0.56g/t
Aug 2010 1287oz from 82,504t = 0.48g/t
Sep 2010 1043oz from 83,420t = 0.39g/t
Oct 2010 1629oz from 113,580t = 0.45g/t
Nov 2010 1447oz from 112,681t = 0.40g/t
Dec 2010 1447oz from 112,681t = 0.40g/t
Jan 2011 1187oz from 93,075t = 0.40g/t
Feb 2011 1187oz from 93,075t = 0.40g/t
Mar 2011 1187oz from 93,075t = 0.40g/t
Apr 2011 1390oz from 114,339t = 0.38g/t
May 2011 1390oz from 114,339t = 0.38g/t
Jun 2011 1390oz from 114,339t = 0.38g/t
Jul 2011 1231oz from 116,248t = 0.33g/t
Aug 2011 1232oz from 116,248t = 0.33g/t
Sep 2011 1232oz from 116,248t = 0.33g/t
Oct 2011 975oz from 81,112t = 0.37g/t
Nov 2011 975oz from 81,112t = 0.37g/t
Dec 2011 976oz from 81,112t = 0.37g/t
Jan 2012 1621oz from 50,776t = 0.99g/t
Feb 2012 1787oz from 57,133t = 0.97g/t
Mar 2012 1913oz from 66,023t = 0.90g/t
Apr 2012 2550oz from 93,390t = 0.85g/t

May 2012 1804oz from 80,805t = 0.69g/t
Jun 2012 1804oz from 80,805t = 0.69g/t
Jul 2012 2002oz from 99,000t = 0.63g/t
Aug 2012 2003oz from 99,000t = 0.63g/t
Sep 2012 2003oz from 99,000t = 0.63g/t

As SBT states, the plant is currently running at 1.2mtpa, yet Time Mining upgraded the plant to 2mtpa. No explanation. Maybe more detail in results next week.

[superbobtaylor] 23/11/2012 12:33

fmot55 ha ha ha, cheered me up that little rib tickler.

Perhaps the fact that they have missed every target ever set by miles. Even now no explanation as to why the plant is running at 1.1mtpa and not the upgrade value of 2mtpa.

I only hold as my investment has lost so much no point in selling and they do, finally, appear to be making some progress.

SBT

[fmot55] 22/11/2012 18:41

sporazene2 what evidence do you have?Personally I know you are wide of the the mark and I have invested again today.

[sporazene2] 22/11/2012 10:55

wouldnt touch this with a bargepole management useless

[timgw] 22/11/2012 10:53

Hello, I'm new here. I have just a few thousand shares in this outfit curently at a 50% loss! The fundamentals look rather better than the share price which is perhaps a good sign. I must do some arithmetic and see what percentage of the shares are actually available for regular trading. (edit: shareholders with more than 3% account for 60% of share capital according to companies website) With companies this size volume seems to be a stronger driver of a share price.

I'm more worried about dodgy deals with HMB this week!!

[superbobtaylor] 21/11/2012 10:31

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.

[aleoap] 05/10/2012 16:56

Last post today, just going back to your production update question, yes we should have one very soon.

We are missing data for May, June, July, August & September. May and June we have been told will not be great due to maintenance/improvement, so hopefully the fruits of any optimisation will be seen from Jul/August onwards.

[aleoap] 05/10/2012 16:53

Regarding the debt Andrew Kam has put forward some of his own property I believe as a charge or something along those lines, basically he is personally guaranteeing the loan. Please correct me if I'm wrong on that.

I've worked out in the past that 52,500 oz pa is very achievable once the plant is optimised, giving approx $90 million in revenues pa at $1700 per oz. Cash costs previously were around $600 per oz I believe although I expect this to be significantly higher now maybe around $900.

Obviously I expect higher gold prices to come which is why I am here and the future profit potential looks very good for a company with a mcap of around £16m. And it's not in Kazachstan or some other dodgy place, the legal system and tax system are very attractive in Malaysia. Andrew Kam rightly made the decision not to hedge and is sticking with that as far as I know.

I've watched this go all the way down to 13/14p odd, and I now intend to watch it go back up. Am hoping for three figures share price at some point in the future. I have built up a substantial position over the last 18 months or so and am comfortable holding long term.

[scientologyweirdo] 05/10/2012 15:45

Surprised at the amount of debt but the stock seems to be back above 50 day MA