Pan African Resources Share Discussion Threads

[btfd] 29/11/2017 09:46

It will be fine.

[fangorn2] 28/11/2017 22:43

Wouldnt wait that long with South African political situation looking worrying.

[btfd] 28/11/2017 14:17

just tuck them away and look in again next year

[topazfrenzy] 22/11/2017 16:43

yes it's one that suddenly just keeps creeping up, a great play on gold

[btfd] 22/11/2017 14:41

looking good for further gains imo

[srpactive] 22/11/2017 08:28

Not holding here at the moment, but I am always drawn to it.

[btfd] 17/11/2017 22:40

Worth a read.. long but do it!

[btfd] 17/11/2017 13:19

pssst.. it's time to start accumulating these and tucking them away safely.

[macthepak] 10/11/2017 10:19

"Pan African Resources PLC engages in the exploration of precious metals in South Africa. Established in 2000, and now led by CEO Jacobus Loots, the company currently employs 3,932 people and with the company’s market cap sitting at GBP £251.77M, it falls under the small-cap group.

PAF’s stock is currently floating at around -64% less than its true level of £0.38, at the market price of £0.14, based on my discounted cash flow model. This mismatch indicates a potential opportunity to buy low. Additionally, PAF’s PE ratio stands at around 9.4x relative to its metals and mining peer level of 13.9x, indicating that relative to its comparable set of companies, we can buy PAF’s stock at a cheaper price today. PAF is also in good financial health, with current assets covering liabilities in the near term and over the long run. The stock’s debt-to equity ratio of 6% has over time, indicating its capacity"

[topazfrenzy] 03/11/2017 10:50

This should motor on from now, with the production ramp up next year ...

HSBC issued a BUY rating a couple of days ago!

[macthepak] 22/10/2017 11:54

I think the reason for the fall on friday were due to a couple of late large sells at the end of the day. The price will pick up on Monday.

[justiceforthemany] 20/10/2017 21:39

12.75p good price to top up IMO. Markets at all time highs. No reason for 7% fall today. Brokers targeting 24p and EPS 2.4p next year.

[thecynical1] 20/10/2017 19:53

So the wage agreement and the surging gold price didn't do so much for the price after all......

[justiceforthemany] 19/10/2017 12:02

Gold is surging today

[master rsi] 18/10/2017 09:01

Good RNS - wage agreement as sharee price is rising......

PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINES
WAGE NEGOTIATIONS

Pan African Resources is pleased to announce that Barberton Mines Proprietary
Limited has successfully concluded a one year wage
agreement with the National Union of Mineworkers this
Agreement follows on from the previous two year wage agreement which concluded
on 30 June 2017. The Agreement is in addition to the three year wage agreement
(1 July 2015 - 30 June 2018) with the United Association of South Africa
("UASA"). NUM and UASA currently represent the employees of Barberton Mines. In
terms of the Agreement, the average wage increase for all Barberton Mines
employees will amount to approximately 8% per annum, effective from 1 July
2017.

Barberton Mines experienced a 2.5 day stoppage during the negotiation period.
The stoppage is not expected to affect the Group's production guidance of
190,000oz for the financial year ending 30 June 2018.

[topazfrenzy] 16/10/2017 11:37

Surely the time is nearing where a big move up is due here?

[topazfrenzy] 13/10/2017 16:46

Time to LOAD UP big time here, GOLD has been totally underestimated!

[master rsi] 13/10/2017 09:55

All is ripe for the bounce but they are holding the stock back at this lows prices
there is some nipping at the moment @ 13p but the "AT"s need some time to warm up and take stock from the offer side
Order book did managed 2 trades of "AT"s (10K and 65K ) at 13.25p at the start of the day

[justiceforthemany] 12/10/2017 16:53

This seems undervalued to me. Directors buying. Trading at 52 week lows and a P/E of 11 but with extra production in the New Year and goes ex-div (4%) in December. Markets also at all time highs so probably a good time to get in to gold. This should be trading at 15p+ minimum IMO

[master rsi] 12/10/2017 08:58

Another director buys while they are cheap, late reporting rns........

DIRECTOR DEALINGS
Name: Thabo Mosololi
Acquisition of ordinary shares 6 October 2017
20,000 @ ZAR2.30

[thecynical1] 06/10/2017 16:19

Which probably why is has broken downwards today........

[thecynical1] 05/10/2017 18:28

Ah....... Funny that...... Well bid..... Hilarious.....

[master rsi] 05/10/2017 12:53

Looks like the bottom has hold for a few days and now ready to move forward. Strong order book on the bid side and only 30K left at 13.50p offer v 337K at bid side 13.25p
DEPTH 37 v 21
All Indicators moving higher with momentum
SA quote ...

15 minutes delay on chart with Indicators

[risa5] 03/10/2017 16:57

That is a good sign he will also benefit from dividend.

[topazfrenzy] 03/10/2017 08:13

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