PRU reached another all time high this morning.
my average buy in price is 1.76, so well in the money.
Am going to depart from my usual take 10 to 15% profit and sell half.
In for the the medium haul haul on this one, unless it reaches ridiculous prices .
Mick
Happy for them to buy PDI or ORR, as I hold both.Gee, it's been great since Sep. MC now over $3b. Is that about right for producing 500K ozpa? I think they start running down a couple of their mines in 4-5 years and will need to start planning to replace those ounces soon. Block 14 will do half of it but might need another bolt on soon unless they have a good exploration find. They could buy PDI or ORR that they could bring on in that time frame.
Sorry, only posted the Data Entry side of the PRU Calculations......Hate to be the voice of Reason, but that’s why I’m being paid the Big Bucks…..
Here’s the Good and the Bad – in no particular order:- …….
PRU’s lack of Debt is probably a big reason they are only providing punters with a 1.26% Div, with No Franking, that really is ridiculous these days…… Remember, lets say that a small Debt is helping provide a LOW % Div Yield,…..Zero Debt they would also probably have a Zero Div Yield - so theoretically a bit more Productive Debt could increase that return substantially - This is where astute directors etc come to the fore - Good Financial Management will make a company greater - Bad Financial Management will send a company broke....
The recent Double Top or Triple Top (depending on your understanding of TA), along with the recent Benchmark Candle Formation, and the very Unhappy ST Indicators, and the fact that PRU now has at least 7 or 8 Resistance lines directly above the current SP, all suggest the ST Trend will be sideways or Down…..
There was one good trade to be had with an entry on 27/9/22 or 28/9/22, with the exit @ 5/12/22…..
PRU have magically drummed up some future DPS just to placate the punters…. The big Q is, Do you believe them ??......
Financials suggest ST Limited Upside…..
Technicals also suggest ST Limited Upside….
View attachment 153579
View attachment 153580
Remember these are just my personal Calculations - Please DYOR.
Cheers....
DrB.
You were advocating PRU should take on more debt, maybe I misunderstood what you were suggesting.PRU’s lack of Debt is probably a big reason they are only providing punters with a 1.26% Div, with No Franking, that really is ridiculous these days…… Remember, lets say that a small Debt is helping provide a LOW % Div Yield,…..Zero Debt they would also probably have a Zero Div Yield - so theoretically a bit more Productive Debt could increase that return substantially - This is where astute directors etc come to the fore - Good Financial Management will make a company greater - Bad Financial Management will send a company broke....
NP - Sorry, I'll try to explain my thoughts a bit more in depth in futueSorry Dr B, but you lost me ther.
I thought from this statement
You were advocating PRU should take on more debt, maybe I misunderstood what you were suggesting.
Mick
Hit another 52 week high today.I have taken PRU i the April comp.
I reckon gold will get a boost, and PRU is one of my happier gld stocks.
Or something like that.
Mick
Sold out, market seems to be coming back a bit.Hit another 52 week high today.
Having an internal debate as to whether to take some profits in the expectation of buying back later at a cheaper price or holding on.
Decisions decisions.
Mick
PRU quarterly out.
Makes pleasant reading.
Production same as last quarter.
Gold sale price up.
Costs down .
Actual gold sales down they sold a lot more than they produced in December quarter as prices were up after selling a lot less than they produced in September quarter.
Cash margin and cash flow both up.
Not big increases, but sure beats any decreases.
May get a kick along on the open.
Mick
The market seemed initially unimpressed, and I had a bid at 2.32 partly filled.Just keeping AISC down is a great effort.
Cash margin up quite a bit due to POG. Very nice.
Had a champion run the past couple of years compared to just about all others.
Not too sure about their Sudan adventure.
View attachment 155946
While organic growth may provide the best opportunities right now, Quartermaine said Perseus was looking squarely at Africa if it heads down the inorganic growth path.
“In terms of the question about West Africa, no, I think Perseus has shifted its orientation to pan-Africa,” Quartermaine said.
“And I think the concept of having a diversified asset portfolio … the value of that diversity is very evident for all to see. So we’re not going to restrict ourselves to West Africa.
“We are, however, restricting ourselves to the African continent. And our decision around acquisitions is going to be based simply on a risk-return basis.
“So if the prize is worthwhile having and there involves some slightly elevated risk then we’re prepared to make that judgment call to invest along those lines.
“Yes, we are considering M&A. It is not in West Africa specifically. However, if we have opportunities in West Africa we most certainly would be interested in investing there because we know the area fairly well and have operated there before, so have some competitive advantage in it.”
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?