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PAF Pan African Resources Plc

22.50
0.60 (2.74%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 2.74% 22.50 22.45 22.55 22.60 21.50 21.90 5,328,031 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 7.08 430.26M
Pan African Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker PAF. The last closing price for Pan African Resources was 21.90p. Over the last year, Pan African Resources shares have traded in a share price range of 11.92p to 22.60p.

Pan African Resources currently has 1,916,503,988 shares in issue. The market capitalisation of Pan African Resources is £430.26 million. Pan African Resources has a price to earnings ratio (PE ratio) of 7.08.

Pan African Resources Share Discussion Threads

Showing 14976 to 14990 of 15000 messages
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DateSubjectAuthorDiscuss
28/3/2024
17:15
The solar plant is reducing AISC closer to $1,300
Margin $900/ounce!
Gold price > $2,200
Production 190,000+ with another 50,000 to come

Pre-tax annual profit >$200 Million.

justiceforthemany
28/3/2024
17:13
It's possible as valuation is super low but upcoming elections end of May is a hindrance and would Cobus and the gang want to sell out with Mintails just round the corner?
justiceforthemany
27/3/2024
20:43
If we linger around these prices we will definitely attract an offer.
saint in exile
27/3/2024
16:40
Just my luck, closed out and it rises, what a bloody b------ this one is.
cinoib
27/3/2024
15:49
$2,200 - $1,325 AISC
x 190,000oz

= $166M profit PER YEAR!

justiceforthemany
26/3/2024
12:56
Gold hit record levels abit earlier - surely this will get the brakes off soon , im in for another £100k after lunch today :-)
allesandro
26/3/2024
10:21
Gold going bananas again and this just sits there. Come on Paf get a move on and follow that golden rainbow.
cinoib
25/3/2024
17:04
Crypto 'supervillain' who hoped to be reincarnated as a goddess and become a queen goes on the run after '£3billion bitcoin swindle'.

Zhimin Qian, 45, allegedly scammed more than 128,000 people in China.


A crypto 'supervillain' who hoped to be reincarnated as a goddess and become a queen has gone on the run after an alleged bitcoin swindle.

Zhimin Qian, 45, allegedly scammed more than 128,000 people in China out of a total £5billion in bitcoin - £3billion of which were seized by UK police.

She wanted to use the money to build Europe's biggest Buddhist temple in Liberland, an unrecognised micro-state on the Danube.


Qian hoped the unofficial country would then make her Queen and dreamt that the Dalai Lama would declare her to be a reincarnated goddess, the Financial Times reports.

But her dreams came crashing down when authorities discovered her alleged bitcoin swindle. Qian has been on the run since and is subject to an Interpol red notice.

Her 'carer and assistant', Jian Wen, was convicted in a money-laundering trial that concluded in London last week, during which Wen's lawyer Mark Harries KC called Qian an 'expert criminal supervillain' and 'master of deception'.

Mr Harries told Southwark Crown Court that Qian's 'spectre has haunted this trial from start to finish'.

Fugitive Qian, who was referred to in court under her stolen alias Yadi Zhang, fronted a Chinese company selling investment products that promised huge returns of up to 300 per cent and claimed to be bitcoin mining, according to court documents.

Qian - who fled Britain in 2020 and whose whereabouts are still unknown - allegedly used crypto exchange site Huobi to convert investor money into billions of pounds worth of bitcoin.

Wen allegedly helped hide the source of the money allegedly stolen from Chinese investors between 2014 and 2017, but she was not alleged to have been involved in the underlying fraud, which prosecutors said was masterminded by Qian, who was known to Wen as Yadi Zhang.

Prosecutor Gillian Jones said at the start of the trial that Qian had arrived in Britain on a false St. Kitts and Nevis passport in 2017, shortly after Chinese authorities began to investigate the fraud.

stonedyou
25/3/2024
16:08
Is it a golden era for gold?



Executive summary

The price of gold is often driven by a complex interplay of factors, including the U.S. dollar exchange rate, real yields, supply/demand dynamics and sentiment. In recent years gold has exhibited a tendency to react to real yields in an asymmetric manner, supported by strong central bank purchases.

We are constructive on gold given peaking real yields, elevated geopolitical uncertainties, robust central bank demand, and strong retail jewelry demand.
For long term investors, gold merits a position in a diversified portfolio, potentially serving as short-term protection against risk events, a reliable longer-term store of value, and most importantly as a portfolio risk diversifier.

Gold has been a sought-after commodity for centuries, and a popular component in investment portfolios in modern times. The metal has historically delivered attractive long-term returns, appreciating ~8% on an annual basis over the past 20 years. That said, its price has exhibited significant volatility – with prices tumbling around 40% from 2011 to 2015, before it fully recovered in 2020. At the time of writing, the metal is making new all-time highs, breaking $2,180/oz on Mar 11, 2024.

The price of gold is influenced by a complex interplay of macro factors as well as supply/demand dynamics. Understanding its unique characteristics and benefits is crucial for investors who look to establish portfolios that endure through cycles. This article aims to identify and analyze the key drivers of gold prices, how they evolved in recent years, and how an appropriately sized gold investment can add value to a portfolio from an asset allocation perspective.


What drives gold prices?

1. The level of the U.S. dollar

Historically, it would be fair to say that the value of the U.S. dollar is often negatively correlated with gold prices, as the metal is priced in dollars. When the USD weakens, gold becomes relatively cheaper for holders of other currencies, leading to increased demand. And the opposite is often true, with gold weakening as the dollar strengthens. However, there can be extended periods when this relationship breaks down. In 2012-13, for example, gold lost -18% of its value when the USD was fairly stable – rising less than 1%.

Looking ahead, we think the dollar environment should be relatively supportive for gold prices. After a significant rally in 2022 and a flattish 2023, the dollar is currently trading 10-15% higher than its fair value, implied by interest rate differentials and its own long-term average. Over the medium term, we think the dollar will likely revert to mean, and its overvaluation should be ultimately unwound. This process could take some time, as the dollar could be supported over the near term by cyclical growth outperformance in the U.S. relative to other major economies. That said, further strength from current levels should be limited. We expect U.S. economic growth and interest rates to gradually “catch down” to the rest of the world as the labor market wage increases cool down and the Federal reserve begins cutting rates, likely starting in the 2H.

U.S. DOLLAR STILL SCREENS ~10% OVERVALUED AGAINST INTEREST RATE DIFFERENTIALS

stonedyou
25/3/2024
16:03
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation
Rate.


According to February 2024’s latest inflation data, Turkey faces an inflation rate
exceeding 67%, amid ongoing currency devaluation and a declining lira against the
U.S.dollar. Recent findings suggest that in an effort to safeguard their wealth,
Turks area ssets, particularly those stablecoins tied to the greenback.


Record Gold Smuggling in Turkey Reflects Deepening Currency Crisis; Lira
Tightens Bonds With Stablecoin Assets
This week unveiled a report highlighting that gold smuggling in Turkey has hit new highs, with authorities confiscating 350 kilograms of gold this year. Due to quotas set by the Turkish government on gold imports, there’s a soaring demand for this valuable metal as the nation’s currency, the lira, continues its steep decline.
This heightened quest for gold and secure assets, aimed at preserving the diminishing wealth of Turks, has catapulted gold prices to a 7% premium over the global weighted average, according to the report.
Amidst a substantial economic shortfall, Turkey grapples with escalating import expenses,leading to inflated prices for commodities and services. Furthermore, an exceptionally lax monetary strategy coupled with alleged interest rate suppression has further diminished the value of the Turkish lira.
“These days there are almost no [gold] sellers,” Mehmet Ali Yildirimturk, the vice-president of Istanbul Jewelers, Goldsmiths and Moneychangers Association remarked
in the report published Thursday.

The Jewelry executive added


When there’s lots of these small-scale buyers it creates demand and the price explodes.


In a trend mirroring bitcoin (BTC), gold prices have approached their peak levels earlier this month. As of March 24, 2024, the going rate for an ounce of gold
hovers around $2,165. In search of financial stability, Turkish citizens are increasingly turning to cryptocurrencies, especially stable coins.

stonedyou
20/3/2024
21:03
Hope you ve all seen the gold price lately, has shot up to 2,185 just now. If that holds we might get past 22 p at last and stay there
cinoib
20/3/2024
16:42
Which mine - Evander?
justiceforthemany
19/3/2024
14:11
A cheeky offer of 32p a share might tempt shareholders here and the ii,s

Lets see what transpires :-)

allesandro
19/3/2024
13:28
We are being prepared for a major breakout here IMO check those very very large late reported buys from yesterday.In terms of a T/O we are probably the tastiest option out there at the moment with our low P/E and pending production increases alongside the booming Gold price.It will happen IMVHO
allesandro
19/3/2024
11:43
1_dma

Good point - i have a hunch there is a BID INCOMING here soon too going by some of the activity in the sector.There is no such other proven producer that is trading at such a low P/E ratio as this in this sector.....which means one thing ( tuck em away at these lows and sit tight ) .

dantee
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