Pan African Resources Share Discussion Threads

[pixi] 05/5/2017 10:23

I bought 100,000 PAF at 14.925 earlier today.

[coincall] 01/5/2017 14:24

Some interesting numbers on growth potential.

[srpactive] 01/5/2017 12:16

Not back in yet, but would agree coxsmn, the institution
money has entered, dyor.

[coxsmn] 28/4/2017 18:12

Evander mine all systems go. This looks a likely turning point and a very smart time to add here.dyor.coxsmn

[frazboy] 28/4/2017 13:26

Thanks coincall

[coincall] 28/4/2017 13:05

frazboy & red imp,

Resumption of mining ten days ago (now 12 days)- see first link

[red imp] 28/4/2017 12:30

I think they would have made an announcement if it was running again.

[frazboy] 28/4/2017 11:10

I wonder what the state of play of the Evander mine is. The release on the 10th April said the restart of operations was expected on or about the 15th. Are we to presume it's back up and running?

[ifthecapfits] 28/4/2017 10:57

Whats wrong with this bleeding share. Gotta be worth more than 15p......

[srpactive] 27/4/2017 09:11

GC

Interesting post.

[garycook] 19/4/2017 12:30

Global unrest sees trading hit another five-month high – with predictions of $1,300 to come

According to Mining.com, this is being driving by the weaker dollar, as fears over US President Donald Trump's bombast over Russia, Syria and North Korea rattle markets.

Some of the eventual softening related to comments from US Treasury Secretary Steven Mnuchin that tax reform remains high on the agenda.

In general, gold has been rising to levels not seen since the election of Trump last November mainly because of the upheaval in global politics, which could hit stability on markets. The metal is a traditional "safe-haven" store of value at times of stress.

Kieron Hodgson, a commodity and mining analyst at Panmure Gordon & Co, told City AM "factors are in place to push the gold spot price higher".

The paper adds: "Panmure Gordon isn't waiting, and has upgraded its gold price forecast to $1,300 per ounce (from $1,225 per ounce) for 2017.

"For 2018, they also see a rise to $1,350 per ounce (from $1,200 per ounce)."

[edjge2] 19/4/2017 08:27

Weiss have been alerting all to sell bullion and buy small miners this week over the pond. This doees look a bit cheap

[garycook] 19/4/2017 07:28

Allan Gray Unit Trust Management have increased there holding in PAF to 8.3%

[srpactive] 18/4/2017 15:10

Volume picking up in the small gold miners, interesting.

[srpactive] 18/4/2017 13:57

And glad to be.

[dt1010] 15/4/2017 12:43

Glad you're on the same page share price We're ahead of the 'smart' money in the City.
When that starts moving into gold stocks the world's PIs will follow.
For now though, we are the tiny minority.

[srpactive] 15/4/2017 08:16

Morning all

dt1010

Your last paragraph is so right, I have and others here
have been loading up with gold related for a couple of
years now. I also like the the Asian gas driller gdl,
a type of explorer, dyor.

[dt1010] 14/4/2017 19:14

The bigger market caps always move first, give this time it will perform very strongly. HOC was down a lot on the open yesterday while everything else was zooming up, but it caught up. At the start of a gold and silver bull the smaller producers take time to catch up, the last ones to go ballistic are the explorers, the minnows.
I believe we are at the start of a boom in precious metals stocks that will compare to the dot com boom. Everyone will want a piece of the action. The party hasn't even started yet.

[garycook] 14/4/2017 04:36

DT,I believe you are correct.PAF is a buy and hold at 15p.Holding 84,400 shares at these levels.Strange performance yesterday seeing that the placing was totally taken up,and ACA,and CEY were up 5%,on the day,and HGM,and PAF down 5% on the day.Also the Buy/Sell ratio was 2/1 in favour of buyers.Something amiss here with MM,s ???

[dt1010] 13/4/2017 19:32

IC is the kiss of death.....



but these are worth buying now FOR THE LONG TERM at 15p.

[thecynical1] 13/4/2017 10:07

kiss of death when the IC punters get in........and get out again at a loss...... 😎

[gersemi] 13/4/2017 05:56

IC -
Pan African Resources (PAF) has completed a fast-track 14p-a-share placing to partly fund the recently sanctioned Elikhulu project in South Africa. The $51m (£41m) fundraising, which was made at a 2p discount to yesterday’s closing price, was made alongside a new seven-year $72m debt facility from the Rand Merchant Bank, and will accelerate construction of the low-cost Elikhulu gold mine. Buy.