Pan African Resources Share Discussion Threads

[justiceforthemany] 23/2/2018 10:51

Some on here were spouting 30p just a few weeks ago.

Cobus Loots you really must start discussions with one of the big boys regarding a sale of the company. You have taken it as far as you can. 250K production is a creditable achievement but time to move on.

[edjge2] 23/2/2018 08:38

looks like market recognised that topazfriendly and justice. Not sure rise will be sustained but added early on. Copy cat spenders to support. Support at about 7 will get my adder out below 8. This could double from here with gold cooperating.

[topazfrenzy] 22/2/2018 20:29

silly price here

[justiceforthemany] 22/2/2018 19:43

Trading at a steep discount to its book price now (10p+)

[justiceforthemany] 22/2/2018 19:42

Cobus should seriously think about selling the company to Anglo-American, Glencore etc for approx 20p/share. Few hundred million is peanuts to them and gets them great assets and potential for 300,000oz production p.a.

[edjge2] 22/2/2018 09:04

Like IQE gotta guess the bounce, no doubt shorted.
That magic 61% diown from peak approximates to 6.1p juunx so yes you may have a point. One massive buy IMO and gold market set for decline with a bounce at about 1300.
See gary savage
hxxps://blog.smartmoneytrackerpremium.com/
Also covers dow jones.

[juuunx2] 21/2/2018 14:21

I think this could touch as low as 6p again short term. Great longer term prospects. Depends how low they want it to go I suppose.

[macthepak] 21/2/2018 11:43

Free market economics = economics of manipulation

Economics 101

[edjge2] 20/2/2018 13:27

nice one chip, expect it will blast upwards when potential realised. Can't really see it below 7p unspiked. Bought in higher but can double up on a special offer.

[chipperfrd] 20/2/2018 11:18

Pure fluke in timing for me.
I saw the price drop 8% or so and it had reached my next buy threshold, so I placed an order and was filled at the bid, which was a surprise!!
It must have been right in the middle of that spike down by pure chance.
Pity I had not waited a couple of minutes - it might have been even better.

[topazfrenzy] 20/2/2018 11:09

I missed that low, only had a look half an hour ago. Yes leverage can be so dangerous, they manipulate just about everything.

[chipperfrd] 20/2/2018 11:02

This morning's spike registered 6.225 at the low!!

Bit painful for margined longs. It will have caused a load of SB and CFD stop losses to have been hit.

Was it finger trouble or by design I wonder. Based on my previous experience with CFDs, I suspect the latter. Thank goodness I don't do leverage anymore!
Chip

[topazfrenzy] 20/2/2018 10:53

Decided to add a few, this price is totally ridiculous now.

[edjge2] 20/2/2018 08:32

Minor bounce today on my smallholding.

[justiceforthemany] 19/2/2018 18:49

Excellent video with CEO Cobus and very positive for the future.

[edjge2] 16/2/2018 12:15

New president may mark recovery of this beaten down org. Gold up will help to change sentiment.

[fangorn2] 16/2/2018 11:56

Strange definition of graft if you ask me.
In my day it meant hard graft, or hard work.
In RSA it's the antithesis of work - it's blatant theft and corruption.

"graft is endemic in the state, with tens of billions of rand stolen or squandered each year"

Zuma goes, Ramaphosa comes in.

Plus ca change.



The Biggest Headaches for South Africa's Incoming President
This article by Mike Cohen for Bloomberg may be of interest to subscribers. Here is a section:



Investigations by the nation’s graft ombudsman and Auditor- General found that graft is endemic in the state, with tens of billions of rand stolen or squandered each year. Zuma appointees head almost all the law-enforcement agencies, which have been slow or loathe to act against some of his closest allies who’ve been implicated in the free-for-all. The new president will need to replace several key officials, reassert confidence in the independence and integrity of the criminal prosecution system and show that the government is intent on ensuring all those found guilty of corruption are held accountable.

2. State-owned companies in chaos
The looting spree largely targeted state companies, especially power utility Eskom Holdings SOC Ltd., which is at risk of running out of cash. While Ramaphosa has already overseen the appointment of a new board at Eskom, it still needs to appoint a permanent chief executive officer, fill several other top management posts and urgently raise new funding. South African Airways and oil and gas company PetroSA Ltd. are among the other entities that have been hobbled by a lack of leadership and oversight.




Eoin Treacy's view
Governance is Everything has been a mantra at this service for decades. Zuma did everything he could while in power to line the pockets of everyone loyal to him and that system of rent seeking and bribery is going to take a long time to unwind. It could well be that the water crisis in Capetown and the near bankruptcy of Eskom were the final catalysts for Zuma’s ouster. Right now, the market is willing to give the benefit of the doubt to Ramaphosa that some of these issues can be addressed. Capetown’s situation is urgent so Ramaphosa is unlikely to have much of a honeymoon period.

[justiceforthemany] 15/2/2018 22:56

Pan African Resources PLC PAF Numis Buy 9.64 9.56 - 20.00 Retains

[coincall] 15/2/2018 12:55

Some interesting points about Cyril Ramaphosa in an interview with Phuti Mahanyele (PAF ex Deputy Chairperson) Aug 15 2017.

[master rsi] 15/2/2018 10:55

Rand rises as Ramaphosa poised to replace Zuma as president - 15th Feb 2018 10:33

(ShareCast News) - Cyril Ramaphosa is poised to be elected as President of South Africa, senior members of the African National Congress party confirmed on Thursday, sending the rand higher.

Jacob Zuma last night made a dramatic televised resignation speech that brought his nine years of rule to an end, having been recalled by his ANC party earlier in the week.

Ramaphosa will be elected as President by parliament later on Thursday, paving the way for a delayed 'State of the Nation' address.

ANC chief whip Jackson Mthembu told reporters, "caucus has accepted that the election of the president of the republic will come into plenary today. As the ANC, we agreed we will nominate the president of the ANC to be president of the republic, comrade Cyril Ramaphosa."

The nation's currency, the rand, was adding to its recent gains on Thursday morning, climbing 0.8% on the dollar to $0.0860 and 0.2% on the pound to £0.0611

"The recent strength of the ZAR has been built around the expectation that a new era led by Ramaphosa will usher in economic reform in South Africa," said analysts at Rabobank. "However, given the backdrop of weak growth and with both the budget and the current account in deficit, there is a lot of work to be done."

Ramaphosa is former anti-apartheid activist turned businessman and as "standard bearer for the moderate, reformist faction" of the ANC, according to the Guardian.

[master rsi] 15/2/2018 10:39

9.71p +0.15p

Broker Forecast - Numis issues a broker note on Pan African Resources PLC

Numis today reaffirms its buy investment rating on Pan African Resources PLC and set its price target at 20p.

[ntv] 15/2/2018 09:59

ZAR surging against dollar

[edjge2] 13/2/2018 09:54

astjg yes looks good. Out since 15p, sub 10p looks good with recent revelations

[astjgroom] 13/2/2018 09:27

There's a bit of engineering works in their though, lower production of 6k units will increase the Aisc, mainly because of the strikes. With the new grinder from April, access to higher yielding sites at Fairview and ekihulu within 10 months that has a very low aisc and high of 50koz per annum, plus Barberton increase over 12-15 months with new shaft, there are some strong prospects in a very short time period of time. Unfortunately we'll be at September before we know it and I expect a better set of results then. Let's hope gold stays where we are or better and mr Zumas tenure ends as well as can be expected. It's jam tomorrow but it looks credible. I would add later in the year if there are not problems.

[ntv] 13/2/2018 09:20

terrible figures and now with the surging ZAR they have real problems
must be currently loss making so debt will be piling up
workers pay rises only just kicked in
financials will be awful next time around and any delay in tailings or mines will only compound the severe problems they have got