Pan African Resources Share Discussion Threads

[thecynical1] 27/2/2018 17:15

what was that RNS about? Could they have made it any less clear to the average shareholder?

[justiceforthemany] 27/2/2018 16:19

That was actually a buy but marked as a sell by the computer.
RSI and share price both rose

[le mass du pap] 27/2/2018 16:01

Someone dumped 200k at 6.9.

Looks like most are selling from the RNS's, except the token effort from the BoD and one fund who've increased by 0.3%. With over 40% they've got a long way to go, Allan Gray alone has 10% left, down from 22% according to website. How far will they reduce?

Aimho, dyor, etc...

[le mass du pap] 27/2/2018 15:54

Will test lows of 6's tomorrow imho

[stonefold] 27/2/2018 15:22

There are some good gold companies out there.

ALTN - Which will next month issue bonds to buy equipment which should push up production volumes from modestly profitable to very profitable.

PAF - Which has many in/near/production projects of varying profitability.
Unfortunately the operation of one mine has become too costly and talks are on-going to reach the best or least worst solution.

Plenty of risk, plenty of growth potential, I wouldn't be surprised if the share price of both had trebled within 18 months.

====
By grade of gold talked about do you mean the weight of gold in grams per tonne of gold bearing material.
So the weight of gold held in rock ore from the target seam should have a high figure per tonne.
The weight of gold held in rock ore removed to construct the mine and gain access to the target will have a lower figure per tonne.
The weight of gold held in waste material from previous processing (tailings mud) will also be a low figure per tonne.

But the processing of any of the above produces effectively the same thing - either a sack of gold dust or a lump / ingot of gold called dore.
The purity of the dust / dore is established when it is sent to a refinery.
Once the gold is refined, ownership is then transferred to the buyer - possibly a gold bullion bank.
When ownership is transferred the price is that which is quoted on the spot market at that time.

[justiceforthemany] 27/2/2018 15:13

ZAR gold price back above $15,500/oz

[justiceforthemany] 27/2/2018 15:12

Yes so 56K from Elikhulu at $550/oz or Evander 70K at $1679/oz
No brainer.

No point producing gold at a loss.

[ukgeorge] 27/2/2018 14:55

bring back Zuma!!!!

[pazzuzu] 27/2/2018 14:54

Christ, it just keeps going, how low can it go.

[chipperfrd] 27/2/2018 14:45

Gold is gold wherever it comes from. Once it has been refined it commands the market price.

[justiceforthemany] 27/2/2018 13:16

Question for those with more knowledge about the gold industry. PAF with Elikhulu will be producing >100,000 oz from tailings projects. These require a lot less man power and hence have very low cash costs. They are lower grade though so what sort of gold price is received in comparison?

[justiceforthemany] 27/2/2018 13:02

30% production cut actually and Elikhulu would make up the loss from Evander come the summer.

[edjge2] 27/2/2018 11:29

Shorterts having a go on 'news' like IQE.

[topazfrenzy] 27/2/2018 11:18

Le Mass, time you stopped going on and on, this is what happens with AIM, the results were not great and there is a big seller, cannot see the point of your posts, we can see what is happening. To keep saying it hurts is pathetic, go get some government bonds or something and stop moaning.

Looking forward, entering now seems like a bargain but each to his own.

[astjgroom] 27/2/2018 10:52

N that's to everyone!

[astjgroom] 27/2/2018 10:52

Let's try n keep it friendly, nothing worse than a board that disintegrates into acrimony. We're all in the same boat, reason not slanging matches

[le mass du pap] 27/2/2018 10:39

lol, what a genius

been going down for 18months

[topazfrenzy] 27/2/2018 10:31

oh be quiet, stop screaming like little girls, someone is selling and it's going down, it'll go up again when they are out

[le mass du pap] 27/2/2018 10:23

2015 low of 6.3p and nothing stopping it going there by looks of it. Horrid share.

[keith95] 27/2/2018 10:21

The share is going down on paltry volumes ....

[astjgroom] 27/2/2018 10:15

Yes, I know, but gold is currently firmly around 1330 so that will mitigate some against a lower price in 2017. Of course we're still lower but with fabulous production and a consistently strong gold price it may be ok. The mine hasn't closed yet, it may be negotiations cap salaries

[ntv] 27/2/2018 10:14

maybe currency traders are trying to push for a rand devaluation