Pan African Resources Share Discussion Threads

[mikkydhu] 23/12/2016 12:23

A couple of small positives:

1. In July PAF acquired (at Barberton) tailings containing 40,000 ounces of gold from nearby Vantage Gold, which had suffered a major underground disaster with loss of three lives. If the operation to retrieve this gold is anything like as good as the existing BTRP, it will mean more cheap gold for PAF.

2. South African export coal prices rose almost 7% in November, from US$ 83.51 /ton in October to 89.35.

[nofool] 23/12/2016 11:41

I just keep loading up here.

I'm no fool.

..and it's Christmas!

[gold panda] 23/12/2016 09:42

div received and reinvested, price is now slightly above my average for paf. i was scouting goldplat and jubilee, however i decided to skip jubilee since i don't like juniors and goldplat is unavailable on my platform. i love tailings retreatment cos

[master rsi] 22/12/2016 16:12

Slowly but surely the movement up continues as bid went to 14.50p at one time, since yesterday despite the lower price and hardly any movement the order book has been very strong on the bid side

order book DEPTH 33 v 15

[master rsi] 22/12/2016 16:11

just hope were not your granny's ones ( lol )

[srpactive] 22/12/2016 14:47

Excellent, mr md.

Welcome, nf, your no fool as you keep telling me.

dyor

[mister md] 22/12/2016 13:50

dividend received

[nofool] 22/12/2016 10:37

I'm a Buyer again, around this 14p level.

Hope it helps.

[yasrub] 22/12/2016 09:57

Divi received via Youinvest.

[garycook] 22/12/2016 09:56

Ok,I believe next year.We will see a nice lift in the share price back to highs.Did anyone note the £77,000,s worth purchased this morning.Now that is a confident buyer.

[mister md] 22/12/2016 09:33

well dividends don't always hit my account first thing in the morning so I wouldnt be concerned about it

[parsons4] 22/12/2016 09:28

Every time it looks like the shares have bottomed it then reverses again, also there seems to be lots of small lot selling why ? is it just stops being hit, I doubt it. In my long experience there is always a reason not just a mis-pricing !! I am a long term shareholder here by the way.

[garycook] 22/12/2016 09:14

parsons4,Explain yourself !!!

[parsons4] 22/12/2016 08:53

Not yet, there is definitely something going on or wrong here !!!!

[dilbert dogbreadth] 22/12/2016 08:21

Anyone got their divi yet?

[gold panda] 21/12/2016 22:38

i see paf is below the price at which i entered, if it keeps this level for a bit more i'm thinking of using my dividend for some more purchases. management is great, new project is awesome, colliery is doing well. only bad news is the lower output over the past months and the stupid mining charter in sa

[master rsi] 21/12/2016 16:22

the first move up after a week of going nowhere and staying at lows, some large size buys. Only 15k left at offer 14.25p

[mister md] 21/12/2016 15:40

things looking a bit brighter here this afternoon

[mikkydhu] 20/12/2016 09:42

In the recent RNS about Elikhulu, the company updated on production guidance for the year. They revised it downwards from about 200,000 ounces to 195,000. They said:

" Community unrest in the Barberton area and DMR safety stoppages severely affected gold production in the current reporting period."

This was in addition to the operational difficulties which they described.

What struck me was the word "severely". Is the loss of 5000 ounces so severe? So what is the explanation? I suspect....pure speculation on my part....that the interruptions caused more than 5000 ounces to be lost, but that this loss was partly made up for by greater production than forecast elsewhere in the company's operations. It will be interesting when they next report quarterly production to see if this is the case. If so, it would be quite encouraging for future production.

[parsons4] 20/12/2016 08:18

This has not stopped falling yet and I don't know why !! maybe a placing to fund the new mine ? what other reason could there be ?

[coxsmn] 19/12/2016 20:40

Mister,

Agreed, share price being driven by sentiment rather than fundamentals, paf now with forecast 2017 p/e 5.4, divi 6.9%.

Looks like an opportunity to me.

Regards,
coxsmn

[mister md] 19/12/2016 15:09

The drop in shareprice since Oct-Nov has been approx 33% versus a decline in goldprice of 10% ..