Pan African Resources Share Discussion Threads

[master rsi] 17/1/2017 17:09

MANIPULATION AT THE END OF THE DAY >>>>>> DISGRACE


269.00ZAC +3.00 (1.13%)

[gold panda] 17/1/2017 15:15

yet more, I think I know where the problem lies - Lily closed and vantage is not paying salaries at Barbrook. lack of employment in the area, which leads to strikes demanding work. PAF seems to be collateral damage. they should be happy about Elikhulu me thinks. PAF, if it's economically feasable should try to buy out that mine

hxxp://www.iol.co.za/business-report/companies/union-takes-up-fight-for-unpaid-barbrook-miners-7361439

[gold panda] 17/1/2017 15:05

found a bit more about the problems with the illegals, obviously not restricted to PAF but also included other companies in the region

hxxp://mpumalanganews.co.za/297319/calm-and-unity-needed-to-benefit-the-mining-industry/

Mining is the key economic driver of this historical town and for that reason, the City of Mbombela Local Municipality (CMLM) saw fit to convene its first mining indaba to create an extensive dialogue between all role players.
Speaking during the event, which was held at the Barberton Town Hall last Thursday and Friday, CMLM executive mayor, Cllr Sibusiso Mathonsi called for calmness between the community and the mining industry.
“I request that we all remain calm. The recommendations from all the four commissions are part of our declarations and will be considered. There is no need to fight and quarrel.
“I’m calling for calm in the industry and I’m calling for people to be sober in dealing with issues. Let’s create platforms for engagement,” said Mathonsi.
There were some fears earlier that the indaba might be disrupted by community members who marched to the mines to demand jobs. Prior to the event, various organisations which claimed to represent community members, marched to Barberton Mines to demand work.

There were some fears earlier that the indaba might be disrupted by community members who marched to the mines to demand jobs. Prior to the event, various organisations which claimed to represent community members, marched to Barberton Mines to demand work.
They disrupted production by blockading roads leading to the three consortiums belonging to Barberton Mines, Fairview, New Consort and Sheba Siding.
Mr Vusi Mkhatshwa, member of the mayoral committee for public works, roads and transport at CMLM, who also serves as the leader of government businesses, said out of the three mining houses operating within the area, two accepted the invitation to participate in the indaba and one declined.
Mkhatshwa said those which participated were Barberton Mines and Vantage Goldfields (Lily Mine), which has not been operational since the collapse on February 5.
He said Galaxy Gold Reef Mine, formerly known as Agnes Mine, refused to participate. “Barberton Mines fully participated by also giving a presentation of projects they have contributed to the community.
“We must also appreciate that Vantage Goldfields also participated but they failed to make a full presentation of their projects they contributed to the community.
Read more: Mining indaba to be hosted

The other one (Galaxy) refused to participate and we will engage them to find the reason for their refusal,” said Mkhatshwa.
Mr Casper Strydom, Barberton Mines general manager, said he was glad the indaba had been a success.
“We are looking forward to creating a right environment for both the community and the mine. Obviously there will be some issues, but we are going to work together to ensure everybody benefits in the mining industry within the City of Mbombela,” he said.
Mr Mike Begg, director for operations at Vantage, said they have been faced with difficult times since the collapse and as a result they were currently not making any profit. The mining indaba will be an annual event.

[master rsi] 17/1/2017 15:00

16.50p +0.75p

Are we getting the much expected rise on the share price?

so far a bit more than the usual 0.25p rise, as "AT"s at 16.75p are being taken already after being added 1 minutes before

only 7K left at 16.75p offer

[gold panda] 17/1/2017 14:57

well 1.5 million rand per month on security is not than much, around USD 1.5 million per year. that cost collar that they have is way more damaging

[qs99] 17/1/2017 14:55

despite all this, PAF moving ahead strongly now

[gold panda] 17/1/2017 14:48

more on illegal mining in barberton

hxxp://www.sabc.co.za/news/a/83caf6004f976c29a59ba5bf0411aa0a/Illegal-mining-claims-one-life-20170105

Barberton Mines general manager, Casper Strydom says, “In the past three months we have arrested 29 people here for illegal mining. We are spending R1.5 million every month on security to try and curb illegal mining.”

[gold panda] 17/1/2017 14:48

yet Cobus was buying shares in September and October. any idea why?

[master rsi] 17/1/2017 14:44

OFFER GONE TO 16.50p and they have added a few trades but not much volume 41K, the 16.75p trades are gone ( withdrawn ) so next price is 17p

order book DEPTH 37 v 16

[master rsi] 17/1/2017 14:24

A large buy trade earlier on has make a big difference at the order book as there is not many shares left at the offer side till 17p

13:08:27
16.00p
588,370

[qs99] 17/1/2017 11:58

Thanks useful but hopefully they can find a way around these issues

[mikkydhu] 17/1/2017 11:04

Thank you, LMDP, I hadn't seen that piece. Cobus Loots certainly doesn't pull his punches. Very tricky for PAF.

[le mass du pap] 17/1/2017 10:46

It's sick. The fact it hasn't made any headway, despite gold on a roll and all it's peers shooting ahead, says it all! The article above is bound to weigh heavily on trading both in terms of the upcoming update and the shares. Aimho, etc..

[le mass du pap] 17/1/2017 10:42

hxxps://www.businesslive.co.za/bd/companies/mining/2016-12-07-serious-unrest-at-barberton-warns-pan-african-resources/

Serious unrest at Barberton, warns Pan African Resources
The producer says local groups fighting for dominance are disrupting production and destroying property

"We lost a lot of days to community issues and safety stoppages," he said. "There’s infighting in the communities and there are political issues between parties in the area.

"We are stuck in the middle when one party comes to us, saying ‘we insist you do recruitment via us because we represent these communities’, and the next day the road will be closed by the other party," he said. "It’s the worst we’ve ever seen."

[dangersimpson2] 17/1/2017 10:33

You are right they have guided 195koz this year vs 200koz last year due mainly to industrial action. If that remains the production guidance and costs can be controlled with slightly lower production then they should do 2.3-2.4p EPS at current gold prices & fx. If they had been able to maintain production it would have been 2.4-2.5p EPS. The effect isn't massive, since PAF tends to trade on a P/E of 7 the reduction should only be 0.7p in valuation. The difference is that the presence of labour relations issues increases the risk that their could be further disruptions and the 195koz guidance could be missed and the market prices the rsik in as well as the direct effect. The higher risk of SA miners is priced to some extent already though by the low P/E. Too low IMO for a company with long LOM, low AISCC that seems to be executing well (labour relations being a rare area that needs improvement IMO) but that is where the market has priced it for several years now.

[qs99] 17/1/2017 09:48

Can't understand why this is sub 20p but therein lies the opportunity IMO!

[qs99] 17/1/2017 08:26

strong GP should keep benefiting PAF IMo,,looking forward to next update to get some momentum behind this one

[le mass du pap] 13/1/2017 12:00

Now down. Familiar story.

[garycook] 13/1/2017 08:31

LMDP,You need to stay calm.PAF will get back to the 20,s just be patience.PAF marked up 1.5% this morning on a few small buys.

[le mass du pap] 12/1/2017 22:29

Only hope is they run out if shares soon. Because if they can hold out until gold turns back down then everyone else throws in the towel and it's 10p. Such is the wonder of shorts, how many more can they borrow?

[dt1010] 12/1/2017 16:40

Gold and silver are set to motor now for a good few months IMO

Trump's economic plans will take ages to be implemented.

Sell in May and go away for the PM sector?

[master rsi] 12/1/2017 15:33

a $14.2 rise on the gold price now to $1205.5 that is close to the best of the day after some profit taking after lunch