Pan African Resources Share Discussion Threads

[dt1010] 20/2/2017 10:23

Don't know but I believe we will see $1350 in 2017 for gold.
Loading up now on a pullback his not imprudent IMO.

[sleveen] 20/2/2017 09:49

How much will spent fixing the shafts?

[highly geared] 20/2/2017 09:48

If pog average is $100 higher for the year this will offset the temporary reduction + the mine is made safer for the longer term.
The assets here are world class.

[dt1010] 20/2/2017 09:21

This isnt dividend driven. It's driven by the gold price. When that starts moving up again so will the whole sector.
Punters do t buy this for the income. They buy it for cap growth.
This set back is a blip in the long run, albeit a tragic one.

[thecynical1] 20/2/2017 09:00

They announced that their expected production will be down by about 14,000 ounces and that is assuming everything is completed within the timeframe they mentioned. I am not so sure that it is overdone given that the dividend will also presumably suffer to some extent but jmo.

[dt1010] 20/2/2017 08:48

In again at 16.
Despite a tragedy, the fall is over done.

[thecynical1] 20/2/2017 08:39

The news about the expected decline in the production numbers is not good, the news about the fatality is worse imo.

The question in relation to the shutdown is whether they really only take the 55 days they refer to. In the real world, this is probably going to be a longer stop which will impact even more on the production figures. jmo.

[dt1010] 20/2/2017 08:35

My moving stop hit.

My sincerest condolences to the Mr Kapa's family.

[flyposter] 20/2/2017 08:11

Stopped out small profit. Condolences.

[srpactive] 20/2/2017 08:08

Yes, I am out.

Edit: My condolences too.

dyor

[tightfist] 20/2/2017 08:01

Condolences to the family of the victim of the accident, (underlines the dangers of mining activities).More information in the Interims this Wednesday; meanwhile 14,000 Oz removed from the production guidance whilst Evander shaft shutdown for 55 days maintenance. The issues seem to be worse than described on 5th December?

[plasybryn] 19/2/2017 17:55

Are results due this week?

[garycook] 18/2/2017 02:42

srp,No I would except 30p for sure.When you can double your money in a few months,and put in into CEY with a 7% yield,then why not,but CEY looking toppy.Gold taking a breather atm,also HGM,and PAF with it.I believe Gold has further to go.Hopefully next stop $1,300.

[haywards26] 17/2/2017 20:36

I would prefer no takeover, and value to come out with the performance of PAF, growing their production and resource base, whilst increasing their divi payout in line with increased profitability :)

[srpactive] 17/2/2017 13:10

GC

Exactly my point, yes possibly 30p, but if we were
correctly priced at 24 / 26p, you might not accept
30p. Am I correct?

regards

active

[garycook] 17/2/2017 12:57

srp,I would take 36p all day long for mine,maybe a bit less.

[srpactive] 17/2/2017 12:53

Yes , but then RRS would have to bid 50p to get it,
but as the price is only 18p, 36p would get it.

I would sell mine at 36p, would you?

dyor

regards

active

[haywards26] 17/2/2017 12:34

Gentle increases tend to be more sustainable :)

PAF should be sat at mid 20's minimum currently.

[srpactive] 17/2/2017 12:20

Interims being announced on Wednesday 22 February,
and gold through $1242.

I am expecting an approach from RRS, George Soros
buying Randgold and Cramer has them as a buy tip.

I do think we will be back into the late 20's very soon.

dyor

regards

active

[qs99] 17/2/2017 08:59

really liking the consistency of this rise...gla

[mrbridgeruk] 17/2/2017 08:57

L2 looks primed to move today!

[coincall] 16/2/2017 12:01

Looking better today. This story could be interesting if the SA Rand gains more strength against other currencies.



One year ZAR chart has been gaining ground against Sterling so this should all add nicely to the next dividend.

[srpactive] 15/2/2017 12:55

Kitco.

Interesting holdings I thought,

dyor

regards

active

======================================

The filings show Paulson was also exposed to gold through stakes in producers Agnico Eagle Mines Ltd., AngloGold Ashanti Ltd., Iamgold Corp., Randgold Resources Ltd. and NovaGold Resources Inc.

By Allen Sykora of Kitco News; [e-mail]

[srpactive] 15/2/2017 12:11

Part of the article.

Could Barrick Gold be interested in buying PAF, to
put in Acacia.

dyor

regards

active

================================

Acacia Mining set out its stall to be a pan-African gold producer as it more than doubled its full-year dividend and returned to profit.

The London-quoted goldminer operates three big mines in Tanzania but has an advanced exploration programme in Kenya and tentative plans in West Africa. It is also in talks about combining with Endeavour Mining, a Canadian rival with mines in Mali, Ghana and Ivory Coast, a move that would create a £3.5 billion enterprise.

Shares in Acacia leapt after it announced a better dividend than expected. It posted a pre-tax profit of £242 million, against a writedown-driven £124 million loss in 2015.

Acacia, which is majority owned by Barrick Gold of Canada, announced a final