Pan African Resources Share Discussion Threads

[conundrum] 15/12/2016 11:06

Hi DT & active

I notice the post you refer to as deleted is on the HGM thread, post number 9400 so good news, not deleted, just mis-posted to another thread, (easily done)

I hope you both continue to post your ideas

Having different views expressed is healthy, as long as we can keep it civil

Good luck to all whatever your strategy7

[mikkydhu] 15/12/2016 11:04

I know many of us are preoccupied with the current fall of the POG, but it is worth sometimes revisiting the great potential of PAF in detail. Here is an extract from the Sept 21 news release, a "detail" which has not yet been reported on and which should give us something to look forward to:

"The Evander 2010 pay channel is a potentially attractive ore body that runs parallel to the Kinross pay channel and is accessible via Evander Mines 7 Shaft. Harmony Gold historically developed towards the orebody before halting all mining operations on 7 Shaft and allowing flooding of the infrastructure to 18 level. The Evander Mines’ 2010 pay channel resources are classified in an inferred category and surface drilling is currently underway to improve confidence in the resource. The initial results of the drilling programme will also be available during November 2016. The 2010 pay channel may offer Evander Mines the possibility of establishing a new mine area without having to incur the cost of sinking a new shaft from surface."

[dt1010] 15/12/2016 11:03

buy JDST

up 18% yesterday on this rout.

[pixi] 15/12/2016 11:00

I think PAF is a bargain, at these prices, in anyone's language.

[srpactive] 15/12/2016 10:35

Have a nice Christmas and New Year all.

dyor as always.

regards

active

[srpactive] 15/12/2016 10:13

I will refrain from posting, I thought it quite
nice communicating about shares and thoughts
with other investors.

regards

active

[pixi] 15/12/2016 10:08

In for a bunch at 15.0, 14.93 and 14.90 p = 200,000.

[mister md] 15/12/2016 10:05

Surely it is not possible to delete posts on advfn ? I know its common on the l s e boards which is why they are very unreliable but not here where you are free to express your views ?

[srpactive] 15/12/2016 10:04

I always say dyor, I only post what I do,
yes been buying steadily as I have said.

Each investor does exactly what they want
as do I.

Bulletin boards should never be taken as a reason
to buy, sell or hold.

dyor

regards

active

[dt1010] 15/12/2016 09:26

hmmm my post was deleted....

was that becuase I mentioned on here that spr has been buying and topping up in paf since 24p?

and telling others it was the best thing to do too?

srp...you can't hide all your posts in the past.

But if you have TRUTHFULLY been buying all the way down from 24p like your posts say...

then you must be seriously hurting now. Why delete my post though?

All I posted was the truth.

[dt1010] 15/12/2016 08:25

what are we looking at here before a bounce? 12p? ... even 10p??

Massive buying opportunity now even if we don't get there.

[parsons4] 15/12/2016 07:31

No doubt a great buying opportunity here as long as it is the price of gold that is affecting the price and not a placing !!!!

[srpactive] 14/12/2016 22:01

gp

Agree, best time to buy is when interest rates are at all time lows
and start to rise.

I continue to buy.

dyor

[4spiel] 14/12/2016 22:00

Problem with rate hikes is they are constrained in making them because of the effect it can have on markets and on general economy when borrowing costs rise and the dollar rises making exports more expensive. This constraint opens the safety valve that is gold that is bought as insurance. It could be some months before the uncertainty sets in where the Fed wants to raise rates but is inhibited in doing so. At this point the gold bear market rally would turn bull.

[gold panda] 14/12/2016 21:48

very cheap gold miners now for my paf dividend. btw don't believe the "rate hikes are bad for gold" narrative. historically, gold went up the last 3 fed hike cycles

dyor

hxxp://www.goldcore.com/ie/wp-content/uploads/sites/19/2015/12/18-12-2015_4.png?25e860

[fangorn2] 14/12/2016 20:58

Whoa, what happened here? Last time I looked it was in 20's.

What did I miss?

[coxsmn] 14/12/2016 19:37

Gold could shine in 2017



I've also added here today. Valuation is low even with the dip in POG. Paf having some of the lowest gold production costs and paying a handsome dividend.

dyor,
coxsmn

[master rsi] 14/12/2016 16:27

Moving up alright now as the order book got stronger on the bid side

not many shares left at 15.50p offer at the moment so expected to move up soon and finished UP for the day
but they keep adding some at the offer price was 9K left now 36K ( they added 33K at the last minute when was only 3K left

[pixi] 14/12/2016 15:14

Bought 35K. Small beer for me, I know, but reflects the immediate outlook.

[ifthecapfits] 14/12/2016 14:58

Taken a few having sat on the sidelines for a little while.

[srpactive] 14/12/2016 10:00

Agree, the mm's have to take it down to here to
ensure when we break 24.25p, it can get to 34p.
The depth of the fall is what it will move higher
when the cup at 24.25p is formed, hence down 9.5p.

Awaiting the bounce too, when delivered it will be sharp and fierce.
Especially if it is accompanied with a bid from rrs.

Rewarding the patient,

dyor

regards

active

[master rsi] 14/12/2016 09:53

TIME TO BOUNCE

Has bottom at 14.625p this morning with a 6 month double bottom on the chart