Pan African Resources Share Discussion Threads

[mikkydhu] 19/12/2016 14:43

Interesting to look at the cash resources of other gold miners in Africa. CEY reported cash of $417m in October. That alone, without any borrowing, would be enough to buy PAF at more than its present market cap. CEY expects to produce about 540,000 ounces this year. So at a stroke it could buy PAF and increase its gold production by about 50%. Tempting for CEY?

[mister md] 19/12/2016 12:43

added a few at 14p

[master rsi] 19/12/2016 12:42

At SA the price ealier on was +12zac

Pan African Resources plc
JSE: PAN - Dec 19, 2:24 PM GMT+2
243.00 ZAC Price increase 2.00 (0.83%)

[mister md] 19/12/2016 12:07

approaching 50% drop from the highs.... overdone ?

[garycook] 19/12/2016 11:14

Hargreaves Lansdown has just replied to my query,and because it is dual listed.PAF is not excempt from SRDT,even though it is listed on AIM.Made a mistake buying early this morning,but long term should be good,also PAF could be taken over by RRS.

[2vdm] 19/12/2016 11:03

Garycook. I am a LTH with PAF and have added recently. You shouldn't be paying stamp duty. I agree with mikkdhu above and would add that the BOD seem to know what they are doing and are also ahead of the curve with labour relations in S.A. As ever DYOR. The good news here is that it is not an explorer. It produces and profitably and mikkdhu ahs also mentioned its expansion into coal as another income source.

[pixi] 19/12/2016 09:14

Today is a low before the bounce.

[garycook] 19/12/2016 08:48

Purchased 2 Lots of PAF a 24,000 in my SIPP,and 28,000 in my Fund and Share account with Hargreaves Lansdown,both showing as sells and on ISDX.I had to pay Stamp Duty on the transactions.Surely AIM stocks are Stamp Duty free.

[garycook] 19/12/2016 02:50

Thanks srp,Also read that somewhere else that Randgold could be a bidder.I will watch and wait for a bottom or a rise up,before buying.Should find a good entry point between now and new year.There is a lot of talk around Gold outperforming again in 2017,and I believe that should be the case.We will see.Good luck to all.

[basem1] 18/12/2016 17:16

And don't forget Elikhulu. !! Certainly my top gold pick for 2017.

[garycook] 18/12/2016 14:18

mikkydhu,Thank you

[mikkydhu] 18/12/2016 10:11

GARYCOOK,

I have set out some of the positives I see in PAF in a number of posts on this thread. There are negatives (eg labour relations in South Africa, which do impact)Here are the positive points that I see:

1. Post 9200: key figures, such as huge amount of gold, low AISC, long life of mines
2. Post 9298: Barberton Mine (over half of PAF's production): very high grade, increasing life of mine.
3. Post 9335: Low overall AISC
4. Posts 9207, 9257: Uitkomst Colliery: opportunistic purchase when coal was cheap, now bringing in cash when POG is low.

Gold has to be very cheap indeed before PAF becomes unprofitable.

Good luck.

[garycook] 18/12/2016 08:50

I am a holder in HGM,but aleady have enough of them.Looking to invest in PAF.Can anyone give me an honest opinion on why I should invest in PAF ?

[coxsmn] 17/12/2016 23:53

Paf is covered in this weeks IC mag and their top gold pick for dividend and quality of assets.Have a happy Christmas and prosperous New Year.Dyor.coxsmn

[graylyn1] 16/12/2016 21:58

Whistleblower Andrew Maguire Just Exposed The Sinister Reason For The Surgical Attack In The Gold Market As Shocking Amount Of Gold Flows Into China & India



Andrew Maguire follow up....................

[yasrub] 15/12/2016 15:59

I have added at this level but also bought far higher which is painful. The divi will ease the pain a little and long term looks bright.

[pixi] 15/12/2016 15:31

I've just bought another 25,000.

srp, your strategy of buying for the long-term is spot on. Don't change anything.

[coxsmn] 15/12/2016 12:29

Srp,Good article below, "The decision of the US Federal Reserve last night to push interest rates up, and signal that it anticipates three more rate rises next year, is likely to send the dollar higher going into 2017.But Shah takes the view that gold can continue to perform well, as he feels that inflation will rise faster than interest rates.The means the 'real' interest rate in the economy, which is interest rates minus inflation, will remain low, and Shah takes the view that the gold price can continue to perform well in times when real rates are low."HTTP://www.whatinvestment.co.uk/top-analyst-asserts-us-rate-rise-wont-harm-investors-gold-2553114/Dyor.coxsmn

[dt1010] 15/12/2016 11:39

Thanks for the clarification conunmdrum.
My apologies to srp!

[2vdm] 15/12/2016 11:15

Good post Mikkydhu. In my view as posted above, with PAF it's best to take a longer view.

[conundrum] 15/12/2016 11:06

Hi DT & active

I notice the post you refer to as deleted is on the HGM thread, post number 9400 so good news, not deleted, just mis-posted to another thread, (easily done)

I hope you both continue to post your ideas

Having different views expressed is healthy, as long as we can keep it civil

Good luck to all whatever your strategy7

[mikkydhu] 15/12/2016 11:04

I know many of us are preoccupied with the current fall of the POG, but it is worth sometimes revisiting the great potential of PAF in detail. Here is an extract from the Sept 21 news release, a "detail" which has not yet been reported on and which should give us something to look forward to:

"The Evander 2010 pay channel is a potentially attractive ore body that runs parallel to the Kinross pay channel and is accessible via Evander Mines 7 Shaft. Harmony Gold historically developed towards the orebody before halting all mining operations on 7 Shaft and allowing flooding of the infrastructure to 18 level. The Evander Mines’ 2010 pay channel resources are classified in an inferred category and surface drilling is currently underway to improve confidence in the resource. The initial results of the drilling programme will also be available during November 2016. The 2010 pay channel may offer Evander Mines the possibility of establishing a new mine area without having to incur the cost of sinking a new shaft from surface."

[dt1010] 15/12/2016 11:03

buy JDST

up 18% yesterday on this rout.