Pan African Resources Share Discussion Threads

[master rsi] 24/9/2017 20:56

It will be interesting to see when >>>> "That cynic " stops the rubbish posting

Gold over $6 and close to $1300

[thecynical1] 20/9/2017 07:25

I guess that little announcement will finally push it through the 13 mark.....will be interesting to see where it stops....jmo.

[thecynical1] 20/9/2017 07:24

good grief.....Master RSI is still around..........

[master rsi] 19/9/2017 12:41

everything is improving at the moment as more good size buying "0" are showing on the ticker

strong order book on the bid side 264K v 55K at offer price

DEPTH 36 v 24
was earlier 20 v 30

[master rsi] 19/9/2017 12:02

Time for the bounce on the up and down cycle
Looks ready for the turn as it reaches a support point after the marked down this morning, good size buys are showing on the ticker now and the order book is improving all the time.

Very well bid at the moment on the bid side 13 v 13.25p

[fangorn2] 14/9/2017 17:23

More concerned about the Sarf African political situation I suspect
RSA likely to go the same way as Zimbabwe I fear although not quite yet...

[thecynical1] 13/9/2017 15:27

Looks like punters have just remembered there was a trading update not so long ago..... Anybody reckon this will go sub 12?

[happyholder123] 09/9/2017 10:10

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[mathewawood] 23/8/2017 16:36

mikkydhu - Excellent post. Thanks very much

[mikkydhu] 22/8/2017 20:14

Reflecting. Sometimes it's good to revisit past decisions. Setting out thoughts on these boards helps to clarify one's own mind.

[coxsmn] 22/8/2017 19:03

Good for you Mikkydhu,So what are you still doing here?

[mikkydhu] 21/8/2017 20:22

At one time I had high hopes for PAF, but sold a few months ago for three main reasons:

1. The problems with the two mine shafts at Evander(necessitating temporary shut down and some expense) probably happened because of the age of the infrastructure. This is a widespread problem in ancient South African mines. Witness the collapse and loss of life at Vantage Gold's Lilly Mine near PAF's Barberton. It occurred to me that further underground failures could happen.

2. There was loss of production for a period of time at Barberton because of community rivalry. Obviously this was overcome, but it revealed an underlying issue that could erupt again.

3. I think there is an element of uncertainty about company ownership. I haven't been following closely, but is it possible that a greater degree of African ownership might be required without adequate compensation?

When the colliery was sold, this to me was forced upon the company. It needed funds for the very profitable Elikulu retreatment project. Why sell a very profitable asset if you could have got funds elsewhere? The sale was partly cash and partly in shares in African Coal. It was cash that the company needed, yet they had to settle for a part cash, part share sale. I found this disappointing.

If the above are not seen as serious problems, then PAF is a great gold mining company: it has huge reserves and resouces of gold. At Barberton it has some very high grade sections of the mine. Elikulu will be an extremely profitable enterprise. Also, I think the CEO is a very competent manager.

The question for me was "where does the balance lie"? And I decided there was less risk in some other companies.

[coxsmn] 21/8/2017 19:06

2018 will be the year for paf.Dyor.

[killary cunton] 21/8/2017 18:51

I dont hold but this might interest you.

[haywards26] 18/8/2017 20:53

RNS announcements whether good or bad news are a sign of the quality of the company and management...

[thecynical1] 18/8/2017 18:15

Hayward...... Do you not reckon that they are designed to be awful? The details make for ugly reading so why not make it a bit ambiguous and hope that nobody reads it....? : )

[thecynical1] 18/8/2017 18:12

Miti 100.....you got it..... This is their way of saying "don't count on a dividend likeast year" in my opinion. May be wrong but I guess the dividend will also be lower than in the past two years.

This may explain the recent weakness.......just a hit funny that the weakness was visible before the market was told about this..... Any bets on where this drops to? It was below 13 a couple of days ago.... Does anyone reckon it'll go lower than that on this news?

[haywards26] 18/8/2017 13:22

I do really dislike the format and style of writing used in the PAF RNS announcements they are awful, unclear and poorly presented.

[miti 1000] 18/8/2017 11:37

weird rns...is that not a warning ?

[kazz] 12/8/2017 20:21

Ok, good luck Gary

[garycook] 12/8/2017 05:26

Kazz,Still here but only in HGM,sold out of PAF at 15.25p.srpactive seems to have disappeared maybe holiday.All the best,and good luck with your PAF.Something seems to be simmering.

[kazz] 11/8/2017 22:47

Where is that Spractive and that Gary bloke, who were ramping daily. Have to admit that I thoughts they were genuine posters, but you never really know, do you??
Regards... Kazz

[coxsmn] 11/8/2017 21:06

Its no suprise, price of gold is moving up, paf profits increasing and share price has been hammered since Q4 2016.

[phil1969] 11/8/2017 16:25

L2 looks like it's set to burst if this continues on Monday!!!Massive buy orders. And if a few get taken, they are immediately replaced. Something is coming and I want in.

[master rsi] 11/8/2017 16:09

Since yesterday is moving higher and today is with large volume, now getting close to 6M

Yesterday the closing "UT" was negative but the spread at close was up for the day.