Pan African Resources Share Discussion Threads

[justiceforthemany] 02/3/2018 09:38

fangorn surprised to see you are still holding shares here.

[fangorn2] 02/3/2018 09:11

Decent RNS, superb rise in Grade at Barbeton
Plenty to be positive about in that news update has to be said.

[astjgroom] 02/3/2018 07:21

Nice rns update...

[justiceforthemany] 01/3/2018 22:26

All the other SA listed miners and banks are up strongly in the past month so this is not the issue it is PAF specific. The market is seeing the proposed suspension at Evander and subsequent production cut as negative but no it would be a positive and will maximise profits as the Evander mine is loss making at current gold prices.

[grannyboy] 01/3/2018 16:48

Ivan Glasenberg might have expressed confidence in the newly appointed S.A president simply because they haven't mentioned the confiscation of white owned mines and the death of white owners...YET!! He would soon be squealing if they did..but to claim that the new leader is a decent chap is just obscene..and the plans for white farmers are disgusting and rascist!!!

[justiceforthemany] 01/3/2018 16:24

IVAN Glasenberg, CEO of Glencore, expressed confidence in the newly appointed South African president, and former business partner, Cyril Ramaphosa, saying he would be “… a very good president for the country”.

[chipperfrd] 01/3/2018 15:19

The BEE legislation was brought in for S.A. miners in order to empower non-whites within the economy. It has been around for years now and has worked out well for one of my holdings in Zimbabwe (CMCL) so I don't see why all this talk about the farmers is necessarily a feed-across to the miners.

[justiceforthemany] 01/3/2018 14:54

Volume is a lot lower today

[pazzuzu] 01/3/2018 13:08

How do they think this route is going to be good for SA in the long run. There will be unforseen consequences. What I'm reading leads me to believe they are wanting to sieze the land they belive was originally stolen, well will it stop there! If so paf should be OK.

[juuunx2] 01/3/2018 12:42

Beware the false bounce. Still think this is going 6p. Will jump in for more then.

[justiceforthemany] 01/3/2018 10:42

fangorn - 'Put the black man in charge anywhere , it's the same result every time.'
Why don't you post these comments on some of the bigger SA companies boards like Investec, Standard Chartered, Anglo American (UP 10% in the past month alone) instead of a small miner like PAF or better should we forward your comments to their CEO's?

[edjge2] 01/3/2018 09:21

well I cancelled a trade at 6.73p first thing as thought lower going.
Someone did a biggy soon after as by 8:25 was 7.32p.
Suspect magic fibonacci decline % may be bounce point, low 6s.
Steep dip should give that maybe monday next.

[justiceforthemany] 01/3/2018 08:11

Opened up 10% at 7.7p

[fangorn2] 28/2/2018 23:44

"ANC rural affairs minister Gugile Nkwinti added, “The ANC unequivocally supports the principle of land expropriation without compensation. There is no doubt about it, land shall be expropriated without compensation.”"

Game over.

Once farmland goes, the economy implodes and the state looks elsewhere for revenue!

Gold miners/Copper/Platinum - all easy targets.

More money, more tax. Rinse n repeat. Don't pay, can't pay, well we will nationalise you as well. #Venezuela #Zimbabwe

Broken record people. Put the black man in charge anywhere , it's the same result every time.

Corruption, extortion, confiscation, nepotism, and economic implosion. Without Western/Asian assistance they're toast. They simply aren't up to on their todd

[pecker1] 28/2/2018 19:32

justiceftm,

yes you are correct - I should have said a bigger profit on far less production. Duh!

[justiceforthemany] 28/2/2018 19:03

It is common sense. The market should be seeing the suspension of Evander as GOOD NEWS not bad! Evander is loss making and cost PAF millions of pounds of profit in H1. Do the maths. They still churned out a gross profit of approx £6M but without Evander it would have been at least double this.

[pecker1] 28/2/2018 18:51

FWIW, I think the share price should be rising not falling.The key aim is surely profitable ozs rather than volume.

If they cut out unprofitable production they can still make the same amount of profit on far less production. Leave the gold in the ground until its value appreciates sufficiently to make it worth mining. Not rocket science, just common sense and avoids wasting a finite asset. Fortunately more of the big miners have embraced this policy which has been followed by Randgold since it was founded and they have not done too badly!

Would have liked Jan to have stayed and for PAF to have kept the coal business but this has to be a bargain now.

[justiceforthemany] 28/2/2018 15:26

13:43 7.00p 1,000,000 £70,000
2nd big buy of the day - another million shares acquired.
Looks like funds and institutions are buying back in at these rock bottom prices

[uen_investor2] 28/2/2018 14:47

Serabi does look crazy cheap (SRB)

Buys coming in strongly. 1 MM left of offer... Currently 2 v 1

-Net assets $64million and most of that made up of plant equipment.
-Strong gold production.
-Big increase in cash pile last results
-Turn to profit
-No value added for the gold rise
-Big scope for growth, new drilling to lead to 100k a year production

[edjge2] 28/2/2018 13:31

Rise happened in SRB so agree with justice, uen-investor stop promoting. Let uis know by all means but one squark is enough! That helps fertilise our ideas.

Maybe worm has turned here, cottoniong on to value though divi may well not be maintained.

Does not look like a bottom to me. Maybe has be down 62% from peak before market has a real go at changing direction. Plenty of shorters likely to buy back at about that level.