Pan African Resources Share Discussion Threads

[mikkydhu] 13/12/2016 22:30

Many thanks, coxsmn.

[gold panda] 13/12/2016 21:54

"third highest (consensus) forecast dividend yield of any dividend-paying gold company, globally."

which are the other two? the only one i can think of with higher yield of DRDgold

[coxsmn] 13/12/2016 21:22

13 Dec 2016 Edison report - Pan African Resources "The big one pounds ahead"HTTP://c3352932.r32.cf0.rackcdn.com/content/pdf764a2ad0756e927d50afb1821e368d87.pdfdyorcoxsmn

[coxsmn] 13/12/2016 16:59

They'll be putting gold rings in crackers this year instead of the expensive plastic type.

[grannyboy] 13/12/2016 14:13

wrong thread..

[srpactive] 13/12/2016 10:37

I think paf should be wrapped and given as a present
at the start of 2017.

Happy Christmas everyone.

dyor

regards

active

[gold panda] 12/12/2016 21:05

doubt it, they are way smaller than paf and they have no producing assets

[srpactive] 12/12/2016 18:57

mikkydhu

Very good post, if anyone is interested they must be rubbing
their hands, after a fantastic paf rns confirming massive
growth in income by end 2018, and we are down 30% from
recent high. You could not make it up.

dyor

[mikkydhu] 12/12/2016 17:06

I would think that if any company were interested in acquiring PAF, it might be Taung Gold International. It adjoins our Evander property; it is run by directors some of whom are South African and some Chinese. They must know our property well. On their website they state:

"The company's fundamental strategy remains to acquire gold properties that have the potential to be developed into world-class operating mines."

That is a bold and ambitious statement. It implies that they have access to funds to acquire such properties. If they put their Evander together with PAF's, at a stroke they are well on the way to achieving their objective. They would also get a useful income stream which they currently lack.

[srpactive] 12/12/2016 16:51

Nice volume.

[gold panda] 12/12/2016 16:04

more like the chinese, have't seen a russian miner buy anything lately, they have too much debt

[srpactive] 12/12/2016 15:32

The way this is going I would not be surprised to
see an approach, maybe from the Russians as they are
buying as much gold as they can get their hands on.

Especially with the last rns stating possible production
increase by 25% by end 2018.

dyor

regards

active

[srpactive] 12/12/2016 10:52

Well there is the thirty percent retrace, hopefully
a little stability before the rise back.

dyor

[dilbert dogbreadth] 10/12/2016 19:10

Yes it's so lazy to say rate rises are bad for gold. In theory only because it's real rates which count and governments are nearly always behind the curve. And in reality ho w many rate rises can there be with the debt that's out there. The dollar denominated debt in developing countries would implode.

[srpactive] 10/12/2016 19:02

GP

Agree, it was always stated that the best time to buy
gold is on the first rise in rates from the lowest interest rate.

I continue to buy.

dyor

regards

active

[gold panda] 10/12/2016 13:31

actually, gold bottomed last year just before the hike and then shot up fast after the decision. rate hikes are not bad for gold price! dyor and don't believe everything in the media, check statements people. statistically, over the past 30 years gold has rallied much stronger when fed hikes compared with no change of policy, here is a table to visualise
hxxps://www.bullionvault.com/gold-news/sites/default/files/fed-hike-gold-after-table.png

i really want them to rise interest rates - 12 months after fed hikes gold prices are even higher than when fed cuts. dyor

[dt1010] 10/12/2016 12:00

It is the report that accompanies their decision which gives forward guidance on fed policy. That will be scrutinised. I expect they will suggest multiple increases to stave off the threat of inflation.

[plasybryn] 10/12/2016 09:56

The Italian referendum, the suspended Italian Banks etc. probably gives them the excuse to keep rates on hold yet again.
But even if they go up as widely expected, that must be priced in imo.

[dt1010] 10/12/2016 08:05

this will get hammered when the fed raise unfortunately...

best buy this in jan?

[gold panda] 09/12/2016 15:15

at 17p i think it's holding nicely compared to other south african gold miners - sibanye at 1/3 of 2016 peak, anglogold ashanti is at 1/2, gold fields less than 1/2, harmony less than 1/2, drd less than 1/2

[srpactive] 08/12/2016 15:08

See what I mean, bid 17p offer 17.25p so mid 16.75p.

dyor

regards

active

[srpactive] 08/12/2016 14:36

This fall has been manufactured knowing the dividend
would be taken out of the price today, showing the
chart as it is.

I am still long here and buying, dividend due before
Christmas.

dyor

regards

active

[srpactive] 08/12/2016 09:27

They have marked it down from 24p already falsely, imo.

I am glad to the back of the xd date, paf should be well over 20p.

EDIT:
There is the dividend move, get ready for the bounce tomorrow.

dyor

regards

active

[basem1] 08/12/2016 08:48

Be nice to hold 17.5/17.75 on the bid then ? I thought they may have marked it down further ?