Pan African Resources Share Discussion Threads

[topazfrenzy] 03/10/2017 08:13

Cobus went Long CFDs, 200,000 in total, he must be super optimistic that this will pop higher.

[topazfrenzy] 02/10/2017 11:16

Time to load up on these well run gold producers before the herd does, nasty things round the corner for markets and PAF looks like a great hedge at this price, it could double quite easily from here, and fairly quickly.

[coxsmn] 30/9/2017 08:51

I've bought a few here this week. p/e of 7, dividend paying and with gold production set to rise over the next 12 months.

[master rsi] 27/9/2017 22:24

Does anybody know how to make money? ...
...no cynic, the fool like to talk to cynic 1 minute later. You are not good enough to shine my shoes

Trade the share ( one can even buy at sell price and sell at buy price as is on the order book.)

BUY low sell HIGH

Master RSI - 19 Sep '17 - 12:02 - 9999 of 10010
Time for the bounce on the up and down cycle

[thecynical1] 27/9/2017 11:50

Anybody else recognize the poster name from a very long time ago?

[thecynical1] 27/9/2017 11:49

Good old Master RSi... An old hand at ramping, eh?!?

[master rsi] 26/9/2017 22:16

13.75p +0.75p

A large BUY late trade and delayed by 1 hour had change the trend and the UT at the end with 13.75p

16:27:21
13.50p
356,500

[master rsi] 25/9/2017 23:39

Gold Rallies As North Korea Rattles Sabre

Gold futures rebounded Monday, taking back last week's losses amid geopolitical tensions and weak stock markets.

Bolstered by safe haven demand, December gold added USD14 to USD1311.50 an ounce, the highest since last Monday.

North Korean Foreign Minister Ri Yong Ho claimed recent comments by President Donald Trump represent a "declaration of war."

"Last weekend, Trump claimed that our leadership wouldn't be around much longer, and hence, at last, he declared war on our country," Ri said.

Euro area economic recovery is now firm and broad-based, and the latest data suggest that the momentum is set to continue in the period ahead and policymakers are more confident that inflation will converge at the target eventually, European Central Bank President Mario Draghi said Monday.

"The ongoing recovery is, crucially, driven by domestic forces, and the labor market has notably improved," Draghi said at a hearing at the European Parliament in Brussels.

Meanwhile, German Chancellor Angela Merkel won a fourth term in office

[master rsi] 24/9/2017 22:24

Pan African rolling out vibrant internal growth projects
Pan African Resources CEO Cobus Loots outlines gold growth projects to Mining Weekly Online’s Martin Creamer. - 21ST SEPTEMBER 2017 -

JOHANNESBURG (miningweekly.com) – Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the highest-grade underground orebody in the world.
At Evander, 7 Shaft revival will involve the dewatering to open the way for subsequent additional vamping and pillar mining on available panels. (Also watch attached Creamer Media video).

Part of the same Evander 7 Shaft revival is the 2010 Pay Channel project, on which a feasibility study will be completed in early 2018.
The Pay Channel, which adjoins 7 Shaft, will not require a new vertical shaft or plant infrastructure, with access gained from the No 3 decline, which is already developed from 15 to 21 level.

Dewatering and refurbishing of the No 3 decline will be required from 18 level downwards,
“The focus will be to rejuvenate 7 Shaft and within the next four years significantly increase underground production at Evander,” Pan African Resources CEO Cobus Loots explained to Mining Weekly Online.
At Barberton Mines, the key focus is the putting down of the sub-vertical shaft between 42 Level and 64 Level at the company’s Fairview operation, with the potential to eventually extend that shaft down to 68 Level.
“That’s going to give us massive flexibility in what is one of the highest-grade, if not the highest-grade orebody, of any scale underground in the world,” Loots commented. Fairview’s 11 block Main Reef complex orebody section is graded at 35 g/t.

Up to now, Pan African has achieved a balance of reinvesting in its operations while simultaneously providing cash dividend returns to its shareholders.
The London- and Johannesburg-listed company has also established a track record of turning growth projects into free cash at high speed.
This was done sensationally at the Barberton tailings retreatment project, where payback was achieved after a mere 18 months and at an amazingly low all-in cost of $392/oz and now a repeat performance is expected at the higher volume Elikhulu tailings retreatment project, which is poised to deliver at all-in cost of below $550/oz from the last quarter of next year.
What the London- and Johannesburg-listed company is also now working on intensely is a reversal of the declining underground production trends being recorded at Evander and Barberton.

Evander Mines’ 40-year-old 7 Shaft, which is currently being used for rock hoisting, will in future provide the infrastructure for pillar mining and vamping while a feasibility study is undertaken into the mining of the 2010 Pay Channel orebody.
A vertical borehole sunk into the 2010 Pay Channel in the last year has confirmed all the expectations of this orebody.
It, too, can be accessed from existing infrastructure and an added plus is its distance from 7 Shaft.

To put it into context, ore is currently trammed 13 km from 8 Shaft for hoisting up 7 Shaft whereas the ore from the 2010 Pay Channel orebody will only have to travel 3 km to 4 km to get to the hoist at 7 Shaft.

Loots, who visited the underground area two months ago, was impressed by the upkeep of the infrastructure and the state of the ore.
“The ore’s in very good nick, infrastructure is well maintained, so that’s exciting,” he told Mining Weekly Online.
The Africa-focused precious metals mining company, which has a resource base of 34-million ounces of gold, in the 12 months to June 30 invested capital totalling R613-million on sustaining and expanding its underground and surface operations at Evander and Barberton.

In the 12 months to June 30, its tailings businesses contributed 56 218 oz of gold at an all-in sustaining cost (AISC) of $477/oz, with the company reminding stakeholders of the “game-changing” efficacy of the upcoming R1.7-billion Elikhulu gold tailings project now under construction.
Funding is in place from the R1-billion seven-year debt facility from RMB and the R705-million raised in a share placing.

“The payback on that project is quite exceptional. We’re forecasting payback of about four years,” Loots told Mining Weekly Online.
After the commissioning of Elikhulu, more than a third of total gold production will be from its low-cost and low-risk tailings businesses.
Pan African is guiding output of 190 000 oz-plus in the 12 months to June 30 next year, which is seen as a conservative number.

Once Elikhulu reaches steady state at the end of 2018, the forecast is that output will increase to 250 000 oz-plus, with the revival of 7 Shaft at Evander and the addition of the sub-vertical shaft at Barberton contributing ounces at moderate cost.
The indications are that Elikhulu will lower the AISC of the group to below $900/oz.
Ongoing capital expenditure in the current 2018 financial year is expected to total R300-million with the sub-vertical shaft at Barberton Mines requiring an additional R100-million that will be spent over two years.

“We’re quite happy with our robust statement of financial position or balance sheet. At the end of the year we had some R70-million worth of debt and with the sale of Phoenix, once we get that done and concluded, that’ll bring in an extra R90-million. So we’re quite positive and comfortable from a debt perspective,” he added.
Pan African concluded a conditional agreement in July for the disposal of all of its shares and loan accounts in its wholly-owned noncore subsidiary Phoenix Platinum to Sylvania Platinum for cash.

Options are also being evaluated to access the fantastic Rolspruit orebody, which is effectively an extension of what is being mined currently at Evander 8 Shaft.
Being studied are ways to access portions of Rolspruit orebody in the quickest possible way and using minimal capital.
Bringing Elikhulu in below budget and ahead of schedule is also an intense current aspiration.

[master rsi] 24/9/2017 22:08

Pan African poised for growth - 22ND SEPTEMBER 2017

More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, it was revealed at the company’s results presentation this week.

[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...