|Pan African Resources
||EPS - Basic
||Market Cap (m)
Pan African Share Discussion Threads
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|Global unrest sees trading hit another five-month high – with predictions of $1,300 to come
According to Mining.com, this is being driving by the weaker dollar, as fears over US President Donald Trump's bombast over Russia, Syria and North Korea rattle markets.
Some of the eventual softening related to comments from US Treasury Secretary Steven Mnuchin that tax reform remains high on the agenda.
In general, gold has been rising to levels not seen since the election of Trump last November mainly because of the upheaval in global politics, which could hit stability on markets. The metal is a traditional "safe-haven" store of value at times of stress.
Kieron Hodgson, a commodity and mining analyst at Panmure Gordon & Co, told City AM "factors are in place to push the gold spot price higher".
The paper adds: "Panmure Gordon isn't waiting, and has upgraded its gold price forecast to $1,300 per ounce (from $1,225 per ounce) for 2017.
"For 2018, they also see a rise to $1,350 per ounce (from $1,200 per ounce)."|
|Weiss have been alerting all to sell bullion and buy small miners this week over the pond. This doees look a bit cheap|
|Allan Gray Unit Trust Management have increased there holding in PAF to 8.3%|
|Volume picking up in the small gold miners, interesting.|
|And glad to be.|
|Glad you're on the same page share price We're ahead of the 'smart' money in the City.
When that starts moving into gold stocks the world's PIs will follow.
For now though, we are the tiny minority.|
Your last paragraph is so right, I have and others here
have been loading up with gold related for a couple of
years now. I also like the the Asian gas driller gdl,
a type of explorer, dyor.|
|The bigger market caps always move first, give this time it will perform very strongly. HOC was down a lot on the open yesterday while everything else was zooming up, but it caught up. At the start of a gold and silver bull the smaller producers take time to catch up, the last ones to go ballistic are the explorers, the minnows.
I believe we are at the start of a boom in precious metals stocks that will compare to the dot com boom. Everyone will want a piece of the action. The party hasn't even started yet.|
|DT,I believe you are correct.PAF is a buy and hold at 15p.Holding 84,400 shares at these levels.Strange performance yesterday seeing that the placing was totally taken up,and ACA,and CEY were up 5%,on the day,and HGM,and PAF down 5% on the day.Also the Buy/Sell ratio was 2/1 in favour of buyers.Something amiss here with MM,s ???|
|IC is the kiss of death.....
but these are worth buying now FOR THE LONG TERM at 15p.|
|kiss of death when the IC punters get in........and get out again at a loss...... 😎|
Pan African Resources (PAF) has completed a fast-track 14p-a-share placing to partly fund the recently sanctioned Elikhulu project in South Africa. The $51m (£41m) fundraising, which was made at a 2p discount to yesterday’s closing price, was made alongside a new seven-year $72m debt facility from the Rand Merchant Bank, and will accelerate construction of the low-cost Elikhulu gold mine. Buy.|
|I have gold exposure but feel paf is about to get itself back together
which I hope it does for existing holders.|
|Tempted to buy back in now srpactive? Recently closed mine due to reopen, nice profit on sale of coal asset disposal, funding sorted for development. Gold focused etc...|
|Fully subscribed which is very good news for PAF. It should open blue tomorrow.
See the latest RNS|
|Big volume from insti buying more and good placing,
should see a little support around here, dyor.|
|Some decent volume, the 12pm bookbuild close and the 5pm update will be interesting, dyor.
Edit: Based on the share price reaction into the close, I would presume the take
up by the institutions has been good.|
|Will come back to 14p imo so can get them then.|
|Today's share price movement will depend on the take up of the placing by the institutions. It is a shame we private investors can not participate in this share placing. Imo,the share price will drift lower by about 0.75p but will pick up after the book build and take up announcement at 12pm and 5pm today.|
|nevertheless, I guess the price will gravitate south as the price normally does when a discounted fundraising is announced. Will be interesting to see what happens here today.|
|Large placing at discount but for the right reason so should be viewed by the market as a positive|
|astgroom,Think you could be right there !|
|Personally I think golds only going one way, and the rest of the markets going the other, but I appreciate we all have different views, normally I would always hold a rounded portfolio, but not at the moment, and now less than ever. We'll see, GLA, I think we will need it.|
|PAF up nicely with the price of Gold Re USA bombing Syria.|