Pan African Resources Share Discussion Threads

[pazzuzu] 01/2/2018 14:23

What's cracks in the market are you refering too? There is. Lot of doom monger out there but doesn't look to bad to me, would be interesting to hear some opinions. Thanks

[topazfrenzy] 01/2/2018 13:48

At the same time you can now get in cheap, and seeing the cracks already appearing in the markets this could roar back fast, gold miners is one of the few places to hide in a real downturn

[andyj] 01/2/2018 13:19

They have missed out on the global mining rally through incompetence. Sure they could recover if a market crash pushes up gold, but that's a big if. And I would rather have my money, or what's left of it, back until then. SGLD will be a much safer way to play gold than this oddly run company.

[juuunx2] 01/2/2018 12:18

I will add if goes sub 10p good long term value here.

[topazfrenzy] 01/2/2018 11:53

Grabbed a few more, still very good value

[topazfrenzy] 01/2/2018 11:36

well no point selling now, my average is roughly 13.5 anyway so not too bad, may add if it dips more over the coming days/weeks

I still think that in 2019 Gold will soar, as a stock market crash will be on the cards

[astjgroom] 01/2/2018 11:34

Recovery in 12 months - if no more mess ups. Short term who knows. What I think is expletives. They better be careful with this Zim purchases n not overpay, rather they walk away n focus on running current operations better. £&@*#%€?!$¥

[topazfrenzy] 01/2/2018 11:27

looking forward, what do people think?

[topazfrenzy] 01/2/2018 11:27

someone knew and they were selling ... Africa innit

[justiceforthemany] 01/2/2018 11:05

Yes NTV clearly a leak beforehand. Reflects very poorly on the market yet again.

[frazboy] 01/2/2018 10:47

i assume the cautionary RNS is an SA listing requirement?

[justiceforthemany] 01/2/2018 10:31

Elikhulu is ahead of schedule. No update on the ASA deal. The bizarre cautionary RNS seems even more so now.

[astjgroom] 01/2/2018 10:28

Poor. Problem seems to be with lots of mining companies is they promise but then don't deliver. Won't be buying anymore.

[pazzuzu] 01/2/2018 09:39

Well we know why the share price was not responding now! That's my love affair over for Paf. Best of luck all

[frazboy] 01/2/2018 09:28

firstly, why release the update at 8.22AM? and secondly, i'm not tempted to buy on the back of that. best of luck all holders

[ntv] 01/2/2018 09:21

took a bit of a hit but better than a total beating

[ntv] 01/2/2018 09:20

sold out today for a loss
INSIDERS KNEW IN ADVANCE AS PER USUAL

[topazfrenzy] 31/1/2018 17:46

Ignore the moves, this will soar at some point, well managed and gold will embark on a strong bull market soon, to reach $5000 by the end of the next crisis, which is round the corner ... when they are trumpeting the world economy is the time to take cover.

I see this at 50p plus next year and £1 if there is a crisis. People have forgotten how fast panic sets in.

[justiceforthemany] 31/1/2018 16:46

pazzuzu I have found over the past decade that the market is irrational to a huge extent. Fundamentals like P/E and dividend yield and cover do not matter to the hedge funds/institutions. This is why you can have shares like Abcam, BTG, Hutchison on P/E's up to 100. Foodies like Just Eat, Dominos, SSPG trade on P/E's up to 40. Again the market does not care that they are way over-valued. Merlin and Reckitt traded on P/E's of 30+ for years but the market is only now waking up to this. In all honesty the stock market is hugely corrupt and manipulated towards the big city boys but every now and then PI's will get lucky.

Quality utilities like SSE, Centrica, National Grid are trading on P/E's closer to 10 yet the market thinks they are not cheap enough. Saga a P/E of just 8. Shire a P/E of just 8.5.

Highlights my point.

Sylvania Platinum was stuck at 9p a few months ago. Hit 15p a few days ago.
PAF sold their platinum operations to them recently.

[justiceforthemany] 31/1/2018 15:57

I believe the placing was at 14p last year also.
Elikhulu + ASA Gold = at least a 50% increase in production so nearer 300,000oz

That puts this on a P/E of about 6 so no bizarre why share price not responding.

[pazzuzu] 31/1/2018 15:29

I just don't know what to make of it. Personally I think reading more about cautionary announcements the implications is a fund raise if they go ahead. But then I'm torn because they say any deal will have a significant impact on the sp, so what dies that mean, Surely up wouldn't it? I mean why would what would be a savy acquisition of parts of aca not add value to the sp? What would be the point on the whole thing if it was at a detriment to the company's valuation. Anyway in rambling, dont know what to do with this, I want add but that rns just won't let me for now.

[valuehunter1] 31/1/2018 15:22

Bought a decent chunk here, near 52 week lows with 2018 expected to be a much better year operationally. ASA deal at the prices being touted would be a game changer.

[thecynical1] 31/1/2018 13:47

does anyone on here know how serious this talk of taking out ASA is? I have had PAF in the past - got out a while I ago and have been watching on the sidelines ever since. I am also ( unfortunately an ASA holder ). When I saw the RNS, I thought...hmmm.....somebody who knows how to run a company is looking at buying a company that has been ( do not quote me on this ) run into the ground by a bunch of..............

Is this ( a possible buy-out of ASA ) potentially the reason for the recent decline in the share price?

[justiceforthemany] 31/1/2018 10:40

Yes a vague and strange RNS. Caution not to sell or not to buy? ASA assets worth $200M+ but market cap at close only $35M. PAF could DOUBLE in size.