BINGO that .55 trade gave PAZ a M C of $120,328,639-00 !!!!
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Percy must be at the pub celebrating :)
Or busy buying that small parcel of PAZ at 55c to make his truckload look even better :-)
What a ride this is and like you, I thank Percy for bringing this to my attention. Wish I had taken more notice the first time he told me about it over dinner at my house in Nelson several years ago, when he was buying at 7c.
Right and fitting that the lead husky gets the biggest feed http://underdognz.co.nz/ Something new to try seeing as we can't travel overseas.
My second post on this thread.My third post on 23-04-2011 I stated I brought 80,000 PAZ at 3.5 cents.
Reflecting back on the years,I think I kept doing the right things.ie.
1] Buy a few shares to get to know the business.
2] Make sure the balance sheet is strong,mainly cashflow positive, and current assets far exceed current liabilities.
3]Watch the company to see if they do as they say they will do.
Then I just kept adding to my/our holding on each positive announcement.
A good lesson to me that we all know;And KW always told us:Sell your losers and add to your winners.That usually means buying your winners at higher and higher prices.
Our last purchase of PAZ was 50,000 at 25 cents, for the wife, on 15th April.At lot higher than the original 3.5 cents I paid.So added to our big winner,and have sold other shares in other companies over the years,some at a profit and a few at a loss.Whenever the story, or the reason you brought a share changes,SELL.
Thank you to all of you who have thanked me, and joined the fun.I guess we are all "well positioned."..lol.
I think most Sharetraders will realise our PAZ holding far exceeds what I expected our total share portfolio would be.
Can we rename the thread ?
Percy
Appreciation
Zone
https://vimeo.com/413407463/c743c41a11 Market clearly liked the strong growth clearly articulated in the AGM presentation, for which PAZ have now provided a link which I have included here.
Now bid at 50 cents in reasonable volume and I am pretty sure there's more support not shown on the screen at that level. I can't say I am surprised by that. I took some big guesses yesterday and arrived at an estimated fair value just under 50 cents based on this years estimated earnings but I think the market is quite rightly getting very excited about FY21 and beyond.
Off to a flyer early in the week . 15,000 just traded @ .54, no offers left in the market .(Edit 10k @ .60 now)