Seems like free money, but this rising wedge is the sign of an incoming crash.
Nonetheless we can trade the bounces.
Not very afraid of a crash, in fact I plan to buy it, because METEX is great for inflation and for the future, given they use bacteria to make food, oil and plastic and it's undervalued by a factor 10.
PAF released their annual report today.
Positive
Yearly earnings up 63% , now PER is at about 4. This is incredible !!!
Insiders (CEO and financial executive) bought a lot of shares recently
Dividend will increase 28.5% (vote in November)
Stock buy-back announced (to be precised later)
Awaiting a lot of infrastructure developments and prospection results...
This is a long term play, this South African gold mine will double in 1 or 2 years. I know gold is in turmoil with yields forecast to increase, but this is priced in, it's the reason for the 35% drop. Stock market is euphoric, it is time to invest in value and hedge against inflation with gold mines.
CEO and Financial director already bought £1,2 million in...
- Gold mine operating in South Africa. Good leverage on gold.
- PAF is a penny stock with only 380 million of market cap, but planned to grow due to recent operations started in 2018 and coming to term. There is also a rumor they found a gold vein with extraordinary gold content a few month ago.
- Dividend is 3,5% and forcast to grow as they recently paid their...