Pan African Resources Share Discussion Threads

[donald trumpton] 25/2/2016 14:27

I can I can!

£££;££££££££££££££££££££;££££££££££££££££££££;££££££

[srpactive] 25/2/2016 12:51

I think the share price will do very well this year, the results
released earlier this week were very good indeed. They were based
on a very low gold price, if the price of gold gets to 1400 this year
for a decent amount of time the interim results this and year end next
should give very happy reading. Imagine if it reclaims 2000.

dyor

regards

active

[donald trumpton] 25/2/2016 12:30

From early December to early February, PAF rose approximately 100%.

It would be strange if it rose another 100% in two months, say March/April, unless POG travels north to around 1500 dollars. As I think it will, later this year.

PAF 26p?

[pixi] 25/2/2016 09:31

Excellent results.

[pixi] 24/2/2016 18:11

I'm completely loaded and the springs are resting on the axle.

[srpactive] 24/2/2016 16:36

I have been buying since 7p and continue to, bought more today.

[donald trumpton] 24/2/2016 16:29

If and when Gold surpasses recent highs, so will PAF.


Mind you, it's making a new closing high tonight, all being well.

As PAF needs to consolidate, I need to accumulate.

And so do you!

[srpactive] 24/2/2016 15:22

Look again, here is to 1400.

[donald trumpton] 24/2/2016 14:57

I'm looking I'm looking!


Piling in here for yet more again me.

Rude not to.

[srpactive] 24/2/2016 14:33

Look at gold.

[srpactive] 24/2/2016 11:43

Buys coming in now, this should be higher, look at other
gold miners, probably a buy order getting filled.

[srpactive] 24/2/2016 11:38

I also think once the newspapers and magazines see
and wake up to the supper results we could easily move
alot higher. Still buying.

dyor

regards

active

[srpactive] 24/2/2016 10:55

As I have just mentioned on hgm thread, gold through 1230
which is forming a double bottom, which is very positive
for gold and gold miners, hopefully a challenge of 1300
very soon, paf should be touching 15p now.

I continue to buy whilst the mm's give the stock away for
a 15% discount.

dyor

regards

active

[dangersimpson2] 23/2/2016 11:05

They actually define their cost types in their results RNS, but basically:

cash cost = operating cost excl. sustaining capex,

all in sustaining cost = cash cost + sustaining capex,

all in cost = all in sustaining cost + expansionary capex

[srpactive] 23/2/2016 10:51

thec1

I would have thought they reference it to enforce that there
intention is to continue with the attractive final year dividend.

Yes I agree this looks very good indeed, especially if the gold
price continues to show such support, we could be heading for new highs.

Citywire today: FT
AngloGold Ashanti reduced its net debt by 30% last year and improved cash generation, highlighting how cost-cutting measures by the world’s largest gold miners have helped them respond to a long decline in prices.

dyor

regards

active

[thecynical1] 23/2/2016 10:41

When they talk about "all in costs", I assume they are referring to C3 costs? If so, this looks very seriously interesting imo. Am holding so no ramp intended.

Why do they refer to a "final dividend"? I thought they only paid a dividend once a year so there is no interim dividend? Or have I been missing something?

[dangersimpson2] 23/2/2016 09:27

Good results.

0.6p EPS for H1 2016. At current gold prices, FX & production rates they should do roughly twice that in H2:


2016H2 Gold price ZAR/Kg 593442 today's price All in sustaining costs ZAR/Kg 396819 H1 productionKg produced 3247 H1 production PBT (ZARm) 638 FX rate (ZAR/GBP) 21.49 today's rate PBT (£m) 29.71 PAT (£m) 21.98 26% Taxshares in issue (m) 1831 EPS (p) 1.2



Giving a 2016 P/E of 7.6 and a 2017 P/E (assuming no changes in gold price etc.) of 5.7.

[kazz] 23/2/2016 08:14

Excellent
Regards... Kazz

[srpactive] 23/2/2016 07:28

Results seem very good, gold production costs down, gold
price increasing, debt falling and talk of continued
attractive final dividend. Hopefully a good investor reaction
and a move towards 15p very soon.

Happy to increase.

dyor

regards

active

[srpactive] 22/2/2016 15:27

Hopefully decent figures in the morning.

[archie and adam] 20/2/2016 13:17

..could easily pull back into the 10p area here, over coming weeks.

[pixi] 19/2/2016 12:31

So is a falling US$ dollar.

The bigger miners are up: FRES +2.12%, CEY +4.38% and Acacia +2.90%