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PAF Pan African Resources Plc

23.85
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.85 23.85 23.95 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 7.52 457.09M
Pan African Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker PAF. The last closing price for Pan African Resources was 23.85p. Over the last year, Pan African Resources shares have traded in a share price range of 11.92p to 25.75p.

Pan African Resources currently has 1,916,503,988 shares in issue. The market capitalisation of Pan African Resources is £457.09 million. Pan African Resources has a price to earnings ratio (PE ratio) of 7.52.

Pan African Resources Share Discussion Threads

Showing 15026 to 15038 of 15050 messages
Chat Pages: 602  601  600  599  598  597  596  595  594  593  592  591  Older
DateSubjectAuthorDiscuss
07/5/2024
18:31
Financial year-end 30 June 2024
stonedyou
07/5/2024
18:30
Pan African Resources on track to meet full-year guidance after strong first half.


781 views Feb 14, 2024 #investor #GoldPrice #GoldMining

Pan African Resources PLC CEO Cobus Loots takes Proactive's Stephen Gunnion through the company's interim results to 31 December 2023.

The mining firm experienced a significant uptick in performance, driven by increased production and a favourable gold price environment, particularly in South African rand. The impact of operational enhancements at its Barberton operations and its tailings retreatment portfolio including Elikhulu saw substantial production boosts, positioning the company to meet its full-year guidance of 180,000 to 190,000 ounces of gold.

Loots highlighted the successful management of costs despite inflationary pressures, attributing part of the efficiency to the depreciation of the rand against the dollar, higher gold output reducing unit costs, and prudent cost controls. Notably, the company's investment in renewable energy and water recycling initiatives has started to pay off, with the first solar plant saving approximately $13 per ounce in all-in-sustaining costs (AISC).

Cash generation surged by 130%, enabling further investments in projects like the Mogale Tailings Retreatment project, which is on schedule and budget to enhance Pan African's production for the next two decades.

The Evander mine also reported increased output, thanks to infrastructure upgrades.

Safety improvements were emphasized as a crucial part of the company's operations, especially significant given the proportion of production from tailings and surface operations.

stonedyou
07/5/2024
17:48
Is it me or is it too late for guidance to be upped for the year? Surely theyd know a long time ago if the second hald was going to be better than the first and so up it.
Maybe something bad has hapenned? Or the company just doesnt know? Because last year they warned really late so cant have known until late. Or theyre lazy.

johnbull1
29/4/2024
14:12
Nebraska Ends Income Taxes on Gold and Silver, Declares CBDCs Are Not Lawful Money.


With Gov. Jim Pillen’s signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.

Under LB 1317, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calculation of a Nebraska taxpayer’s adjusted gross income (AGI).

Backed by the Sound Money Defense League, Money Metals Exchange, and in-state advocates, the sound money measure passed out of the unicameral legislature’s Revenue Committee unanimously before being amended into a must-pass bill by a vote of 27-5.

Sponsor Sen. Ben Hansen, said upon news of the formal enactment of his legislation, “I was extremely pleased to see LB 1317 signed into law. Gold and silver are the only forms of currency mentioned in our Constitution and with that comes the people's ability to use it as such without penalty from the government. Saving, and using, gold and silver is our right and one of the only checks and balances to our federal government's unending devaluation of our paper currency. ”

Gold and silver ownership serves as a hedge against the devaluation of the dollar due to Federal Reserve policies. Consequently, taxpayers often realize 'gains' when converting the monetary metals back into Federal Reserve notes (i.e. selling) that do not reflect any increase in real value but rather reflect the currency’s ongoing devaluation.

Despite the lack of “real” gains, the Internal Revenue Service imposes capital gains taxes on such transactions. Nebraska has now opted out at the state level, declining to carry the IRS’s position into the definition of Nebraska income.

Jp Cortez, executive director of the Sound Money Defense League, explained during his testimony before the Revenue Committee that the ferocious wave of inflation facing Nebraskans is largely caused by harmful actions of the Federal Reserve.

“The state can take a different course and provide Nebraska citizens cleaner access to gold and silver ownership – and these metals are not only a proven inflation hedge but states all over the country are remonetizing constitutional sound money in the form of gold and silver,” Cortez said.

Eleven other states already do not charge an income tax on sales of precious metals, with Arkansas, Arizona, and Utah recently enacting such laws. Meanwhile, Iowa, Georgia, Oklahoma, Missouri, West Virginia, and Kansas are actively considering similar legislation in 2024.

“Investments in precious metals coins and bullion in Nebraska are now rightly exempt from both sales tax and income tax,” said Stefan Gleason, CEO of Money Metals and Chairman of the Sound Money Defense League.

“Neutralizing Nebraska's income tax treatment of the monetary metals removes significant disincentives in the Cornhusker State against the ownership and use of the monetary metals,” said Gleason.

Meanwhile, LB 1317 revises the state’s formal definition of money by adding language that states: “Money does not include central bank digital currency.”

The new law defines central bank digital currency as “a digital medium of exchange, token, or monetary unit of account issued by the United States Federal Reserve System or any analogous federal agency that is made directly available to the consumer by such federal entities. Central bank digital currency (CBDC) includes a digital medium of exchange, token, or monetary unit of account so issued that is processed or validated directly by such federal entities.”

Sen. Hansen said, “I believe we have to be extra vigilant in our assessment and application of a Central bank digital currency to make sure they do not become a danger to our freedom. For this reason, we defined in LB 1317 that CBDCs are not classified as currency in Nebraska, which should help protect against unwarranted mandates for their use in the future."

Versions of this “anti-CBDC language” have advanced or signed into law in Tennessee, North Carolina, Florida, South Dakota, and Indiana. Congressman Alex Mooney has also introduced a federal measure to block the Federal Reserve’s digital currency scheme.

In his testimony, Cortez discussed the potential risks of adopting a CBDC, including creating a greater ability to track all financial transactions, disallowing certain types of purchases, or even completely “turning off” a targeted individual’s access to money.

Nebraska joins Utah, Wisconsin, Kentucky, South Dakota, and Tennessee as states to have enacted pro-sound money legislation into law so far in 2024.

Currently ranked 22nd in the 2024 Sound Money Index, Nebraska’s ranking is expected to rise.

stonedyou
29/4/2024
14:08
GoldSeek Radio's Waltzek, GATA's Murphy see U.S. losing control of gold price


Submitted by admin on Fri, 2024-04-26 20:15 Section: Daily Dispatches
8:15p ET Friday, April 26, 2024

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek and GATA Chairman Bill Murphy today discuss indications, like price volatility, that U.S. banks are losing control of monetary metals prices, as well as the possibility of a worldwide financial shock as the U.S. dollar is repudiated.

The interview is 15 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:



CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


Join GATA here:

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Marriott Tang Plaza Hotel, Singapore



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stonedyou
22/4/2024
20:53
BRICS GOLD train leaving the station - Destination Revalue Rd. - LFTV Ep 169

Kinesis Money

46,528 views Apr 19, 2024



In this week’s episode of Live from the Vault, Andrew Maguire is joined by TF Metals Report’s Craig Hemke to address the community’s pressing questions on the FED’s suppression struggles, predictions for gold and silver and insight into BRICS.

The precious metals experts explore the significance of physical gold deliverability towards the success of the BRICS currency, which is forcing Western central banks to drastically reevaluate their predictions on the gold price.

Ask your questions for Andy here:

stonedyou
19/4/2024
13:20
Gold (XAU) Daily Forecast: Price Peaks at $2417 Amid Mid-East Tensions.

By:
Arslan Ali

Key Points:

Gold XAU/USD surges to $2417 amid military strikes in Iran but later drops.

Fed's decision to maintain interest rates influences gold's non-yielding status.

China's consistent gold reserve accumulation supports higher market prices.


Gold

-0.02%

Market Overview
The Gold XAU/USD price has seen an uptick, rising to new heights $2417 on Friday amid escalating geopolitical tensions, however, gold couldn’t sustain it’s bullish trend and reversed back to trade near $2380. Reports of military engagements in Iran, coupled with Israel’s recent retaliatory strikes, have bolstered gold’s status as a safe-haven asset, driving prices upward as investors seek stability.

The XAU/USD price surge is notably influenced by these ongoing conflicts in the Middle East, which continue to stoke fears of a broader regional conflict.

Impact of Federal Reserve’s Monetary Policy on Gold Prices
Further influencing the XAU/USD forecast is the Federal Reserve’s current stance on interest rates. The consensus among Federal Reserve policymakers is to maintain current borrowing costs into the foreseeable future due to uneven progress on inflation control and a robust U.S. economy.

This decision impacts gold as higher interest rates typically raise the opportunity cost of holding non-yielding assets like gold.

China’s Role in Gold’s Market Dynamics
Adding another layer to the gold price forecast, China’s ongoing accumulation of gold reserves provides a substantial undercurrent supporting the market.

According to Ilya Spivak, head of global macro at Tastylive, this trend is expected to continue, further enhancing the upward trajectory of gold prices in the international markets.

Economic Indicators
Key economic indicators released today also play a critical role in shaping market sentiment:

U.S. Unemployment Claims dropped to 212,000 from the previous 215,000. The Philly Fed Manufacturing Index experienced a significant jump to 15.5, far surpassing expectations.
Meanwhile, Existing Home Sales slightly declined to 4.19 million from 4.20 million, and the Conference Board’s Leading Index adjusted down to -0.3% from -0.1%.
As the International Monetary Fund (IMF) meetings continue today, further developments are expected to influence the global economic landscape and, consequently, the gold market.

Gold currently trades at $2,381, marking a modest increase of 0.10%. It hovers slightly above today’s pivot point at $2,363.79, hinting at a restrained bullish sentiment. Immediate resistance is positioned at $2,403.98, with further ceilings at $2,431.98 and $2,459.86.

On the downside, support lies at $2,323.92, extending to $2,296.85 and $2,268.55, which could come into play should the trend reverse. The technical landscape shows the 50-Day Exponential Moving Average (EMA) at $2,359.342, slightly below the current price, suggesting potential near-term support.

Conversely, the 200-Day EMA at $2,251.548 underscores a longer-term upward trend. Today’s candlestick pattern, characterized by a long shadow and small body—an inverted hammer—signals potential weakness in the ongoing bullish trend.

Conclusion: The outlook for gold remains bullish above the pivot of $2,363.79, with any breach below this level potentially catalyzing a sharp decline in prices.

stonedyou
19/4/2024
09:42
Vietnam's central bank to resume gold bar bidding after 11 years
Submitted by admin on Thu, 2024-04-18 11:46 Section: Daily Dispatches

From Vietnam News Agency, Hanoi

Tuesday, April 16, 2024



The State Bank of Vietnam will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market and promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent, and effective manner in accordance with the prime minister's direction.

stonedyou
17/4/2024
21:11
Gold Stocks: Good Times Are Here

April 17, 2024


Stewart Thomson

Graceland Updates


1 Mainstream analysts are becoming more excited about gold… even as it becomes technically overbought on the daily and weekly price charts.
2 Please click here now. Most Wall Street analysts failed to project the current rally. Are they wrong again now, or is gold set to keep rallying in its overbought state?
3 Please click here now. Click to enlarge this spectacular weekly gold price chart. 4 Both RSI and Stochastics are clearly overbought…
5 But if the fundamentals are strong gold can continue to rally for weeks, months, or even years while staying technically overbought.
6 On that note, please click here now and also here. Two of the big drivers for gold right now are the citizens of China and the 2021-2025 global war cycle.
7 While total GDP is solid, Chinese retail sales are soft, the stock market and real estate are weak, so citizens there are focused on gold and silver for safety and growth.
8 While Israeli and Iranian warmongers are unlikely to get out of control, there’s enough animosity and action between them to keep Western gold market analysts in a bullish stance.
9 The US government’s failed war in Ukraine could become a bigger quagmire if Congress borrows more fiat and uses it to prolong its proxy fight against the Russian government.
10 Gold would likely then begin a charge towards $3000.
Please click here now. Click to enlarge. The dollar is collapsing against ultimate money gold… and another leg down is at least as likely as a technical bounce.
11 On past meltdowns, the dollar hasn’t shown any technical rally after the initial collapse; it keeps falling into the abyss for months… and sometimes for years!
12 Short-term tactics? Please click here now. Click to enlarge. There are weak H&S tops appearing on the gold ETF hourly price charts, but unless the necklines break ($2320 for gold itself), gold, silver, and the miners likely continue their “upside rampage”.
13 While a pullback of size looks increasingly unlikely, if it does happen, investors can do some aggressive buying in the $2200-$2050 zone.
14 Western analysts tend to focus on silly price targets (that are mostly wrong) while 3 billion Eastern citizens are focused on getting more gold. The bottom line:
15 Western gold bugs should ignore the analysts, focus on the actions of their Eastern brethren, and compete with them to get as much gold on sale as they can!
16 A daily focus on the big picture is critical for investors as inflation, recession, the 2021-2025 war cycle, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape.
17 Please click here now. Click to enlarge. There’s no question that this long-term silver chart is one of the most spectacular charts on the planet.
18 Note the “LOI” (line of importance). It’s drawn a bit differently than the classic inverse H&S neckline…
19 But it is even more important than the neckline as it ushered in the thunderous breakout and rally from what is one of the largest base patterns in the history of markets!
19 Rather projecting price targets for “big fiat profits”, this beautiful chart beckons silver bugs to focus on the “GMS” (Get More Silver!) theme that is embraced with gusto by citizens of China and India.
20 What about the miners? Well, please click here now. Click to enlarge this interesting GDX daily chart. Note the double-bottom action in February-March in 2023 and the same action in 2024.
21 The technical action is similar, but the fundamental drivers have changed; in 2023 analysts assumed that rate hikes from the Fed would slay the US inflation dragon.
22 Now, recent reports (including the “supercoreR21; number that is close to 8%) suggest the inflation is much stickier than expected… and it’s the type of inflation that’s resistant to rate hikes.
23 Rather than swooning into October like they did in 2023, gold and silver mining stocks are more likely to have little more than a pullback that forms a right shoulder of a big inverse H&S pattern, followed by a surge to $40-$45, basis GDX. 24 Western money managers are becoming frustrated with their stock market, the crypto ETF-themed rally has fizzed, and they are impressed with action of the miners. The bottom line: Good gold stock times are here, and a lot more may be near!

Thanks!

Cheers

ST

stonedyou
16/4/2024
16:56
GOLD / USD
$ 2384.75$ 2384.98 2.85 0.12%

GOLD / GBP
£ 1917.79£ 1917.98 4.11 0.21%

GOLD / EUR
€ 2244.57€ 2244.74 2.76 0.12%

stonedyou
16/4/2024
16:11
Yep not sure why hanging sub 30
juuunx2
15/4/2024
09:38
Gold rate today: Israel-Iran war continues to fuel gold prices despite US dollar rate touching 34-year high against Yen.

15 Apr 2024, 10:51 AM IST

Asit Manohar


Gold rate today, 15th April 2024: Despite the rally in the US dollar index, gold prices continue to trade with positive bias during early morning deals on Monday. On the Multi Commodity Exchange or MCX, gold rates today opened higher at ₹72,214 per 10 gm and went on to touch an intraday high of ₹72,362 per 10 gm within a few minutes of the commodity market's opening bell. In the international market, spot gold price is trading around $2,360 per troy ounce, which is around 0.70 percent higher from its Friday close.

Iran-Israel war in focus
Speaking on the reason for the rise in the gold prices, Royce Vargheese Joseph, Bullion & Energy Research at Kotak Securities said, "Gold prices are largely driven by escalating tensions between Iran and Israel amidst the ongoing Middle East crisis. This geopolitical uncertainty has fueled a rush into safe-haven assets, propelling gold prices up by 1.60 percent. Despite this sharp increase, the overall trend in gold remains bullish, with strong support seen at ₹70,000 per 10 gm mark."


“Gold and silver prices are rising despite the continuous rally in the US dollar index. The US dollar index touched 106 level and the US dollar rate has hit a 34-year high against the Japanese Yen, but the escalating tension in the Middle East has pushed demand for the safe haven," said Anuj Gupta, Head of Commodity & Currency at HDFC Securities.

After Israel's counterattack on Iran, the geopolitical tension in the Middle East has further escalated. Iran fired more than 300 drones and missiles at Israel, which Tehran said was in response to the April 1 strike on its consulate in Syria. Almost all Iranian drones and missiles were shot down by Israeli, US, and allied forces before they reached their targets.

To stop further escalation of the Middle East crisis, US Secretary of State Antony Blinken on Sunday reached out over the phone to the foreign ministers of Jordan, Saudi Arabia, Turkey, and Egypt, while Defense Secretary Lloyd Austin had calls with his Saudi and Israeli counterparts, amid signs of an escalating crisis in the Middle East following Iran's strikes on Israel.

Gold rate today: Important levels
On important levels regarding gold price today, Shiju Koothupalakkal, Technical Research Analyst at Prabhudas Lilladher said, "The precious metal has been skyrocketing in the last one and a half month from ₹62,200 zone to touch ₹72,800 per 10 gm levels, gaining almost 17% in a very short period. Currently, with the geo-political tensions looming around, the yellow metal is anticipated to gain further in the coming days with near-term targets of ₹73,700 and ₹75,200 levels. The near-term support would be maintained near the ₹70,200 zone as of now."

stonedyou
13/4/2024
11:35
Yep, agreed....
stonedyou
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