Pan African Resources Share Discussion Threads

[justiceforthemany] 06/11/2018 12:01

Solid update. All on track.
Peel Hunt BUY reiterates. 16p target.

[astjgroom] 06/11/2018 07:09

RNS. All seems ok I think, bit boring, 170k annual production. Maybe boring is good.

[astjgroom] 02/11/2018 11:05

I just did too. There's a lot of disregard for fundamentals.

[topazfrenzy] 02/11/2018 10:56

Strange price action here, gold is up and miners are up big time, gonna grab some more ...

[topazfrenzy] 01/11/2018 12:06

Top up time

[topazfrenzy] 25/10/2018 13:59

Indeed, it's totally bottomed this one and the only way is UP

First target 14p

[gymratt] 25/10/2018 13:54

Anyone noticed the 'bowl' taking shape on the 3yr chart? ;@)

[justiceforthemany] 25/10/2018 11:33

Still a long way to go to the min 20p mark here and the 10x earnings

[stonefold] 23/10/2018 15:01

The gold price is remaining firm, exploratory drilling at Royal Sheba continues and the algo trader is nibbling around 9p.


From the RNS 06-09-2018

"...Phase 3 drilling of the Royal Sheba deposit has commenced to test a further 600m strike length, within the Sheba Mine’s mining right. ..."


"...Exploration

The Company has embarked on a three-phase exploration programme. Phases one and two comprise 20 drill holes, totalling 1,645m, and is 95% complete. This announcement contains the results of 80% of the completed drill holes.

A further 15 drill holes, totalling 2,280m, is planned for phase three, which will test the easterly strike and dip extension of the Royal Sheba deposit. ..."

"... We anticipate updating the market with a further MRE in November 2018 and a definitive feasibility study in February 2019....”

[topazfrenzy] 23/10/2018 12:39

Gold soaring, this will take off soon enough, gold miners are the only trade left at this stage of the cycle.

[orchestralis] 17/10/2018 09:16

Let's hope for a steady rise from here onwards

[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.