While I continue to respect and commend the company operation and social success in Africa , I slowly exited over the past few months as I believe their are better opportunities elsewhere. The market was likely hoping for 500k+ p.a. for next 5-10 years, yet the reality is, Sissingue is going to end in FY30, Edikan requires huge non-sustaining capex to keep it chugging away and Yauore has had it's best years. AISC has increased substantially (though the POG is more than offsetting that, but... PRU has been leading the way as a low cost producer, now it's more middle of the pack).
Perhaps if it continues to retreat, I might look to re-enter, but for now, I wish all PRU holders good fortunes.
PRU Price at posting:
$3.62 Sentiment: Hold Disclosure: Not Held
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