Pan African Resources Share Discussion Threads

[macthepak] 15/10/2018 15:19

From goldprice.org at 15:18 15.10.2018

Gold price in Rand 17,710.79 down -89.64 -0.50% since London opening today.

So the gold price is up a few dollars over the last few days, no big deal I am looking for a sustained rises not spikes just because a few people have been spooked by the decline in stock market valuations.

What we need is steady rise in gold prices and a steady rise in PAF share price.

[astjgroom] 15/10/2018 13:15

This 34 pound gold jump since last Monday has added 657rand per oz sold. Based on prorata that's 9.3m rand per month, or 497k gbp a month profit, (variable), 58m gbp a year, if it holds. No wonder we're moving up. (Fag pack calcs) rand 1448 per dólar too, we're starting to get stronger gold with strongish dollar n weak rand. Imho

[macthepak] 15/10/2018 08:53

Not in terms of local South African Rand price

[topazfrenzy] 15/10/2018 08:45

Gold on fire

[herb clark] 12/10/2018 09:14

No quote to buy on HL

[justiceforthemany] 11/10/2018 21:49

Yes massively. I will have to revise my EPS upwards if this holds and lower the P/E to 3.

[stonedyou] 11/10/2018 20:22

Gold going up....!!!

[justiceforthemany] 11/10/2018 17:28

Closed a massive 16 points up on JSE. 11%. Not fully reflected here. Sylvania Platinum went from 9p to 24p in a year.

[topazfrenzy] 11/10/2018 16:06

Re-rate coming

[justiceforthemany] 11/10/2018 15:51

Assuming very conservatively a full year EPS of 1.5p then the current P/E is just 5. Most gold stocks trade at around 15x earnings; minimum 10x = 15p.
I think 2p EPS is easily achievable here given Elikhulu will achieve 1p EPS on its own.

[topazfrenzy] 11/10/2018 13:51

Major gold and silver stocks soaring today. Added some more here today, this valuation is totally nuts now, when the market wakes up to this it will go crazy I am guessing.

Buy and hold!

[justiceforthemany] 10/10/2018 22:35

Gold soaring.
P/E under 4.

[topazfrenzy] 10/10/2018 21:21

Gold stocks are the only ones to be in at this time, wait and see how this will soar suddenly.

[astjgroom] 04/10/2018 22:40

Rands at 14.85 vs $ again and going higher

[fangorn2] 02/10/2018 20:16

"ZIOC is a SCAM, don't go anywhere near it!"


Hole in the ground with a liar at the top!

[mikebolle1] 02/10/2018 15:23

3 172 601 shares traded so far on the JSE in 242 deal and most of that (98%)was on R1.45, I can not belief it.

[topazfrenzy] 02/10/2018 15:11

ZIOC is a SCAM, don't go anywhere near it!

[topazfrenzy] 02/10/2018 15:10

sooty, lol, the worst investor on the planet

[sooty snipes] 02/10/2018 10:04

Hey people listen up. Check out Zanaga Iron. Ticker symbol ZIOC Looks like it could be ready for the next big leg up.
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The next two to four weeks look like they might be very,very interesting. Could be a very good time for any waverers to get on board. See below from Zanaga's own Twitter feed.



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Below are two extracts form the last 24/48 hours

Intensive working session last week with our JV Partner and the full project team. We’ve had our heads down and we know we owe our shareholders an update on the progress that has been made. Will be announcing timing soon.
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key point from our interim results announcement is that we are now comfortable that we have 3 options under assessment (a) pellet feed project (b) conventional pellet project *NEW* or (c) cold pelletisation - update to come
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DYOR and GLAH.

Sooty

[astjgroom] 24/9/2018 22:24

Still that news came after hours and we were already at 8.79, so it may rise in the morning

[fangorn2] 24/9/2018 19:01

"RNS CEO continues to increase long position in PAF shares"

Via a CFD.

Why can't he buy the shares?

[stonefold] 24/9/2018 18:36

Proactive Investors inverview CEO and Finance Director. 4:50 minutes


24-09-2018

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RNS CEO continues to increase long position in PAF shares.


24-09-2018

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Pan African Resources Video – A New Dawn. 13:00 minutes


Sept 2018

[macthepak] 21/9/2018 13:05

I am not a great fan of technical analysis although I have dabbled with it in the past.

What I find interesting is that there is a lot more sells then buys, the market makers if they wanted to could have easily have justified dropping the price below 8p yesterday and today but they have not.

I have a large holding in PAF up until the recent announcement I could not sell at the asking price but would be offered a negotiated settlement through my electronic broker. Now when testing the waters I try to see if there are buyers and offer to sell at the asking price I get offers straight away at the asking price. This tells me someone is buying up shares and not too bothered about the price.

My bladder is telling me some institutional buyer is adding or building a stake for long term dividend income now the storm clouds have cleared.