Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

If Shares Continue Their Tarnished Path, You Might Take a Shine to this Glittering Company.

By Malcolm Stacey

18 February 2016 01:59

More:

Hello Share Polishers. They tell me that all the gold in the world is only enough to cover a football pitch. Though nobody informed how deep the deposit should be. TW Note: It is actually "fill an Olympic sized swimming pool."

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

wildrides

18 February 2016, 02:14

You still alive in there Malc’s ? or has Thomas replaced you with a computer system like the talking assistants in those new fangled phones ………….. just checking .
James

18 February 2016, 04:01

Malcolm,

You may like to consider Pan African Resources (PAF) as a gold stock, which I am familiar with through owning some. The shares have come back from a very low valuation by some 72% over the past 5 months, yet on a forward yield, still pay just over 5% on a well covered dividend.

Further, its trading statement on 8th Feb, suggested this year is likely to see some very strong results, with the company saying,

“Pan African advises shareholders that the Group EPS and HEPS for the current interim reporting period denominated in GBP are expected to be between:

0.57 pence and 0.63 pence (being 84 percent to 104 percent) higher than the 0.31 pence HEPS for the prior interim reporting period.

0.57 pence and 0.63 pence (being 90 percent to 110 percent) higher than the 0.30 pence EPS for the prior interim reporting period.”

The shares jumped on this news, ahead of results due next week, and I should add that the above is even after currency changes reduced the local currency performance.

http://www.investegate.co.uk/pan-african-resources-plc—paf-/prn/trading-statement/20160208070000PCCAE/

There are obviously risk factors, but PAF shares look an interesting alternative/ addition to Randgold…