Pan African Resources Share Discussion Threads

[garycook] 05/4/2017 12:01

The SA political situation is not helping atm.Look at the share price of Old Mutual,Investec etc all with SA connections,and suffering badly.Paf has held up well.It could create a good buying opportunity.

[ifthecapfits] 05/4/2017 11:43

Come on PAF - you're letting my folio down ;(

[2vdm] 05/4/2017 08:19

A bit surprised that the share price has hardly moved on such a good deal. The profit made in 12 months on this one deal represents about 3% of the market capitalisation of PAF.Clearly the mkt is underwhelmed or is it just 5th April effect?

[mikkydhu] 05/4/2017 08:04

I thought this a possibility. See my post 9609.

[2vdm] 05/4/2017 07:45

RNS out...."The Pan African board of directors is pleased to announce that Pan African has concluded an agreement with CoAL, whereby Pan African will dispose of all its shares and loan accounts in its wholly-owned subsidiary, PAR Coal, the holding
company of Uitkomst, to CoAL for a total consideration of R275 million (two
hundred and seventy five million rand)" R157m profit in 12 months (£9m approx) and R125m in cash which is £7.4m,to fund ongoing ops/diversification. Well done to Cobus Loots and the BOD.

[coincall] 04/4/2017 11:25

Ifthecapfits,

I noticed that late last night and looked at the Rand/US$ exchange rate which has fallen back, with gold priced in US$, it will lead to lower extraction/wage cost.

[srpactive] 31/3/2017 13:43

MasterRSI

You mentioned here yesterday that a single share trade can be a sign
of something positive, we have just had one at hgm, fingers crossed
for one at both.


dyor

[fangorn2] 31/3/2017 08:22

South African President Jacob Zuma sacked his popular Finance Minister Pravin Gordhan late Thursday, local media reported. Gordhan, who was regarded by many investors as an emblem of stability in Africa’s most industrialized economy, is to be replaced by Malusi Gigaba, previously the minister of home affairs, according to the broadcaster eNCA. The move came as part of a wider cabinet reshuffle that saw nine ministers and six deputies sacked.

"It's carnage in the Sarf African cabinet! The person that NEEDS to go, wont. Too hung up on trough snuffling & abusing power. Same old Africa."

[srpactive] 31/3/2017 08:13

H26 / GC

But basing nicely.

[garycook] 31/3/2017 03:53

Fangorn,Yes I hold HGM also.PAF stuck in the 15-16.50 range for now.

[haywards26] 30/3/2017 22:36

Still here, it feels like the share price is stuck in a rut...

[fangorn2] 30/3/2017 18:35

Serious South African political problems.......

Zuma is just anotehr waste of space ANC charlatan.

Tempted.But prefer HGM, CEY, and anywhere away from Sarf Africa at the moment.

[ifthecapfits] 30/3/2017 15:48

No still here holding. Disappointed that the share price is not performing better though. Back in the 20's would be nice.

[garycook] 30/3/2017 15:42

Has everybody sold out of PAF,and I am the only one left,or what ?

[master rsi] 30/3/2017 11:34

Holding well into a new high lately 16p bid

strange trade earlier on of 1 share, most people thing is a sign of a RNS on the way, many times is true, lets wait and see

08:18:52
16.00p
1

[garycook] 29/3/2017 14:15

Good call re 9866.Nice 3.23% rise so far today.

[srpactive] 29/3/2017 08:03

Yes really trying hard to form a base.

[master rsi] 28/3/2017 15:14

spread 15.75 v 16p
very strong on the bid side DEPTH 30 v 16
only a few ( 628 shares) left at offer, for many at bid 73K

[master rsi] 27/3/2017 23:30

This morning sharp Gold price rise did wonders for the share price this afternoon, so an UT of 16p at close

----------------------
Gold Sparkles On Risk Aversion

Gold futures continued to rise Monday, posting the highest settlement price in a month as traders expressed risk aversion.

April gold rose USD7.20, or 0.6%, to settle at USD1,255.70 an ounce. The advance has gold on the verge of its highest since last November.

Falling stocks and geopolitical tensions have lifted gold's safe haven appeal.

There was little reaction to nebulous statements on interest rates from Chicago Fed President Charles Evans.

Evans said that only two rate hikes this year "might be right" if uncertainty grows, but that there could be four interest rate hikes if "things take off."

[garycook] 24/3/2017 08:44

Time to buy then !

[srpactive] 24/3/2017 08:29

Testing the support.

[garycook] 20/3/2017 07:41

Gold up 0.5% to $1,234 from Friday,s close.