Pan African Resources Share Discussion Threads

[srpactive] 12/4/2017 21:28

I have gold exposure but feel paf is about to get itself back together
which I hope it does for existing holders.

[haywards26] 12/4/2017 20:39

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...

[hjs] 12/4/2017 17:36

Fully subscribed which is very good news for PAF. It should open blue tomorrow.
See the latest RNS

[srpactive] 12/4/2017 17:02

Big volume from insti buying more and good placing,
should see a little support around here, dyor.

[srpactive] 12/4/2017 11:46

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.

[johnrxx99] 12/4/2017 08:54

Will come back to 14p imo so can get them then.

[hjs] 12/4/2017 07:46

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.

[thecynical1] 12/4/2017 07:24

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.

[gersemi] 12/4/2017 07:09

Large placing at discount but for the right reason so should be viewed by the market as a positive

[srpactive] 10/4/2017 12:40

Positive rns.

[garycook] 08/4/2017 05:10

astgroom,Think you could be right there !

[astjgroom] 07/4/2017 12:55

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.

[garycook] 07/4/2017 12:26

PAF up nicely with the price of Gold Re USA bombing Syria.

[fangorn2] 07/4/2017 12:17

Agreed on all you say.

I've become overly concerned with political situ, and the insurmountable Nat Debts many countries seem to piling up. Unsustainable imo.

It's default/restructure(a la Greece)

or Inflate away.

I know which I'd choose! And it's what Governments will choose having screwed the prudent,the savers, with risible 0% interest rates for so long. Profligate done well out of it though.

[garycook] 07/4/2017 12:11

It,s Ok being top heavy on Gold miners,but when it does drop,your portfolio gets hit big time.Better to be diversified,but you know your own business best.

[astjgroom] 07/4/2017 09:44

Why only 10% Garycook? I know we're reliant on gold price but it would only tank if world economy and all was in good condition, which it's far from, I think 10% is a bit low :-)

[garycook] 07/4/2017 09:35

Fangorn,Sounds good,but do not have more than 10% of your portfolio in Gold miners.

[fangorn2] 07/4/2017 08:53

@Gary,

Added to my Randgold, and Polymetal.

Not in PAF at the moment. Tempted but very wary of political situation.

Was thinking about Barrick Gold as a possibility as aware have a lot of Russian Gold exposure now

[garycook] 06/4/2017 01:18

Fangorn,No,But topped up my holding in PAF.

[haywards26] 05/4/2017 21:48

hxxps://www.investing.com/analysis/pan-african-resources---tails-wagging-200181252

[fangorn2] 05/4/2017 15:20

@Garycook.

Given the South African political situ are you looking at bottom fishing the likes of Investec,OML and other Sarf African cos listed in London?

[valueman6] 05/4/2017 13:08

I've also topped up on reading the rns - 100% profit in a year, what's not to like. The shares took a hit when they entered into this deal... why is a gold miner buying a coal mine? I also got a bit nervous that management had lost focus. Management did say they saw an opportunity and took it and with hindsight they've been proven right.
Agreed that SA being downgraded to junk status will not help S African operators' share prices...only hope is its temporary

[2vdm] 05/4/2017 12:33

Yes, it's very sad that SA is being run so badly unlike PAF. I topped up again this a.m. as I'm sure it will bounce back.