Pan African Resources Share Discussion Threads

[srpactive] 09/8/2016 09:55

Looking better here, bid 23.25p, offer 23.5p and gold firming.

dyor

regards

active

[srpactive] 09/8/2016 08:04

Hgm operating figures look good, hopefully the whole
gold mining sector will be upgraded to the upside.

dyor

regards

active

[srpactive] 08/8/2016 09:56

Yes, they will be altered next month, when they release next set,
they always are. Not worth bothering with, I buy if they are good
or buy if they are bad.

Just a little of topic but based around safety, keep your eyes on
gfs, chart pattern looking better and are announcing Wednesday, I
obviously hold and buying.

dyor

regards

active

[dilbert dogbreadth] 08/8/2016 09:49

Unexpected or unbelievable? John Williams of shadowstats thinks they were more like 55k and those were poorly paid

[pixi] 08/8/2016 09:12

I don't believe any figures published by governments, the only thing I believe is in gold and silver. I ain't selling anything.

[tom111] 06/8/2016 10:38

Unexpected good job figures in US has put a damper on gold for a few days.Gold always does well in Sept and Oct and with the elections in the US looming and elections in Italy soon gold should hopefully pick up soon

[coincall] 04/8/2016 17:15

Last trade a buy at 23p so should start up tomorrow. Over 6m traded.

[srpactive] 04/8/2016 13:13

Behave and do not be so sarcastic.

Edit: Gold moving higher still.


Edit 2: Gold getting stronger, hopefully break $1365.4 soon.

dyor

[nofool] 04/8/2016 13:10

I think you're brill srpactive.

[srpactive] 04/8/2016 12:03

Interest rate cut to 0.25, gold up, should be good for paf and hgm.

Edit: Gold , hgm and more importantly here, paf up. Boom into the close,
target 24.25p.

dyor

[srpactive] 04/8/2016 11:49

Thank you, very good posters here at the moment, myself
excluded.

Keep posting.

regards

active

[pecker1] 04/8/2016 11:18

srpactive,

As an early shareholder in Randgold, I remember it spent many years trying to get across to investors that, despite its name, it had nothing to do with gold mining in South Africa and everything to do with gold mining in the rest of Africa. So I would be very surprised if Bristow changed their strategy.

That said, I hold PAF because it pays out dividends, has good management and quality assets: Evander has a deep 28 million oz high grade resource that is a terrific option on a $2,000 POG. If this happens I can see a JV with perhaps a large Chinese company and a far higher share price for PAF. The negative is of course the political risk factor.

[coincall] 04/8/2016 11:08

Consumer Eagle have price target for PAF @ 55.66p

Could Pan African Resources plc Rise Even More? The Stock Had Another Big Increase Today

[srpactive] 04/8/2016 09:42

Thank you, more future positives keep the momentum going,
this should break into the 30's soon, BOE might help later
today. Do you think like me, rrs could be interested in buying paf?

regards

active

[jjhbev] 04/8/2016 09:40

And another little something - in respect of the exchange rate:-

“Pan African is incorporated in England and Wales under the Companies Act 1985 and accordingly, its presentation currency is Pounds Sterling ("GBP"). The average ZAR:GBP exchange rate affect the reporting of results in GBP. For the reporting period ended 30 June 2016 ("current reporting period"), the average prevailing ZAR:GBP exchange rate will be used to translate earnings per share ("EPS") and headline earnings per share...... For the current reporting period, the ZAR depreciated against the GBP, with an average exchange rate of ZAR21.45:1.”

The current exchange rate (pre BoE actions later today) is ZAR 18.42:1

So, results in £ would be 15% higher if the current exchange rate was used.

This is definitely a real positive!

[jjhbev] 04/8/2016 09:38

Hi srpactive

In a sense it is a positive. In cash terms it doesn’t affect anything – it is “just” an accounting adjustment. But it does mean that this year’s figures are “understated” by taking the full accounting hit. Next year’s figures will not be hit.

[srpactive] 04/8/2016 09:22

Another positive JJHBev?

[jjhbev] 04/8/2016 09:17

A “little” something that is almost lost in the update is the following wording on the Cost Collar:-

“During the current reporting period, the Group recorded a post-tax unrealised mark-to-market fair value loss of ZAR82million on the Cost Collar (2015: post-tax realised Cost Collar derivative income of ZAR32.3 million). The economic consequence of the mark-to-market fair value adjustment is to lock in revenue on 25,000oz of gold production from Barberton Mines at ZAR625,000/kg (the closing ZAR gold price at 30 June 2016) for the twelve month period commencing 1 October 2016.”

So, PAF has taken an after tax hit of almost £4.5m in this year’s figures – which equates to just over 0.22p per share. Guidance for “Normalised221; HEPS is 2p to 2.13p. Without this charge it would have been 2.22p to 2.35p.

For next year’s figures 25k oz of sales are now effectively hedged at ZAR 625k per kilo or approx $1265 per ounce.

[srpactive] 03/8/2016 21:42

Very good and informative post, thank you.
Paf really is a stock that could appreciate greatly in the
next twelve months.

regards

active

[dangersimpson2] 03/8/2016 17:27

Just done some quick maths of changes 16H2 to 17H1 for a post elsewhere so thought I'd share on here

- Higher rand gold price today of ZAR609k/kg vs 543k/kg H2 Average = +12.2% EPS

- FX is better today at 18.62 vs H2 Average of 21.45 = +15.2% sterling EPS

- lower number of shares in issue (I got the outcome of the Shanduka transaction wrong originally and modelled an increase in shares.) = +21.5% EPS

- Barberton cost collar expiring Oct 2016 25koz = 777kg @ spot ZAR vs ZAR440k/kg = +ZAR131m = +£7m = +0.5p total EPS cost over lifetime of collar.

So at today's gold price & FX we are likely to see a 57% growth in whatever EPS measure you prefer from 16H2 to 17H1 plus whatever positive contribution from uitkomst colliery & IFM returning to normal give. Then 17H1 to 17H2 could have a further positive boost of up to 0.5p EPS from Barberton Collar expiring.

Broker consensus is only for +54% EPS growth for 2017 so there is scope for these to be increased during the year if gold prices and fx stay at current levels.

[srpactive] 03/8/2016 14:23

Trying to shake out weak holders before the news feeds through.

MM's trying mask with move down, bid up to 23p, they want your stock,
news feeding through, the IC will be very positive indeed on paf as they
do like the stock and talk of 50% increase in paf gold production and a booming
gold price who can blame them. Forward 2017 pe of 5.

dyor

regards

active

[coincall] 03/8/2016 14:07

More good news to come later this year!



[...]

Very good year for gold, says Pan African Resources plc CEO
10:23 03 Aug 2016

Pan African Resources plc (LON:PAF) chief executive Cobus Loots says he is looking forward to the results from a definitive feasibility study that is currently underway. If successful, it could add 50% to the current production rate.
“It was a very good year for Pan African, certainly from a gold perspective, production increased at both the Barberton operation which is our flagship for the group and Evander,” says Loots.
The Evander operation was struggling last year but is now up 31%.
He says the improvement is due in part to the increase in the price of gold which rose by 21.6% in rand terms over the year.
“The Shanduka Gold transaction was also fantastic for our shareholders,” says Loots, referring to the black economic empowerment partnership deal earlier this year.
“If we had done this transaction at start of the financial year that would have meant a 17% increase in earnings for share so I think that’s very attractive,” he adds.

[srpactive] 03/8/2016 11:02

And the buying continues, paying full ask 23p, now offer has risen to
23.25p. This will be one of the last chances of buying in the 20's once
yesterday's rns becomes common knowledge.

Edit: full ask 23.25p being paid, looking very strong today, gold rising a little.

dyor

regards

active

[scottishfield] 03/8/2016 10:12

Peel Hunt upgrades today fm 17p to 26p I believe.

[srpactive] 03/8/2016 08:48

Yes, formation looking very powerful now, if 23.75p
breaks to the upside it will move quickly sharply higher.

Bid and offer rising, full ask at 23p being paid now. Gold rising.

dyor