Pan African Resources Share Discussion Threads

[atino] 14/8/2019 20:27

[Snippet] The company reiterates its previously announced 2020 production guidance of “approximately 185,000oz” implying around a further 7% production growth during the current financial year 🧐


[CORRECTION] “7% production growth” to be OFFSET AGAINST “11% of annual production” (to be allocated towards Merchant Bank)
= leaving (in real terms) a -4% defect of production, for shareholders to soak up 😳 !


“DIG” HARDER 😉🙇 (...a little bit here...and a little bit there LOL...I should call you “almost”:-)

[stonedyou] 14/8/2019 19:59

The successful commissioning of the Elikhulu tailings retreatment plant resulted

in production of 46,201oz of gold from the processing of 10.85mt of material and

the company comments that “The production figures include the 200,000 tonnes per

month throughput from the Evander tailings retreatment plant (“ETRP”), which was

incorporated into Elikhulu with effect from January 2019, which increased

Elikhulu’s processing capacity to 1.2-million tonnes per month”.

Remnant mining and other surface sources at Evander Mines contributed a further

26,878oz of production. The company expects that extraction of the shaft-pillar at

the Evander No.8 shaft will “contribute an additional 20,000oz to 30,000oz per

annum for the next three years.”

The company reiterates its previously announced 2020 production guidance

of “approximately 185,000oz” implying around a further 7% production growth during

the current financial year.

[stonedyou] 14/8/2019 19:43

Investment summary


Earnings and output in H1 were consistent with our full year expectations, with a

54% increase in gold produced from continuing operations and a 23% decline in AISC

combining to result in a 117% increase in EPS in GBP. A subsequent operational

update has confirmed production of 172,442oz in FY19 cf guidance of 170koz in FY19

and 185koz in FY20 (implying near 2p/share EPS).

[stonedyou] 14/8/2019 19:35

"We look forward to updating the market on this project in the months ahead."

Pan African said it was confident that it remained on track to meet its gold production guidance of 170,000 ounces for the full financial year ending 30 June.

"With Elikhulu producing at a steady state for a full year and the incremental contribution from Evander's Pillar operation, we expect to produce approximately 185,000 ounces of gold for the 2020 financial year, which is a sizeable increase in our gold production profile," Loots said.

[stonedyou] 14/8/2019 11:39

Stocks Face A Dead Cat Bounce; Gold and Bitcoin Are Likely To Move Higher


Naeem Aslam


The strongest economy of the Eurozone is sick



European markets are under the influence of feeble German GDP data. The strongest

economy of the Eurozone is sick . Its GDP shrunk to - 0.1 percent while the

previous reading was 0.4 percent. The euro-dollar pair bounced back on the back of

this data because the number was in line with expectations.



Speculators aren’t convinced that the current upward move will last for long

because it is highly likely that France, Italy and Spain may follow the same route

very soon. Moreover, the European Central Bank is going to look at the overall

picture in Eurozone and that only tells one story; the sick man needs its

medicine. Hence, the German Chancellor, Angela Merkel, will have to unleash a new

fiscal stimulus package for her country to combat the effects of U.S.-China trade

war. This may just do some of the tricks for Eurozone’s economy.



Don't Buy The Old Film



As for the US markets, if you are thinking that the dead cat bounce is going to

last for some time, then perhaps you may be wrong. Traders should not be betting

on the long side when it comes to equities and this is because we have seen these

lifeless promises several times before. President Trump decided to delay the new

tariffs on China by another 3 months and traders reacted way over the top

yesterday.

Yes, I concur that it is a step in the right direction, but I am not convinced it

is going to yield anything again. Yesterday’s bounce in the equity markets was

purely due to way too oversold levels. A corrective move was long due. But this

doesn’t mean that the current downtrend is going to change. The downtrend is

likely to continue







MIT To Award $1.6 Million To Most Innovative Future Of Work Organizations In The World

Chinese Economic Data - Centre of Attention

Moreover, I do not think that traders have paid much attention to the important

economic numbers out of China. The Chinese industrial number was much softer, it

printed the reading of 4.8% missing the forecast of 6% and the retail sales data also echoed the same message. It came in at 7.6% while the forecast was 8.6%.

So, do you still think that there is a valid reason to celebrate?

As long as we do not see any serious progress on the trade war front, any rebound

in the equity market could be an opportunity to slam it down.

Gold Price Still Likely To Move Higher

So, overall, we could see a little bit of risk on today. The gold price may

struggle to touch its highest level of the year which sits at $1,535. But I am

convinced the path of least resistance for the gold price is skewed to the upside.

it is only a matter of time before bulls push the price back above the 1500 mark

and start targeting the level of $1,550 again.

[atino] 14/8/2019 10:17

And oh...this is a great lead:


Coronation Asset Management (Pty) Ltd - from holding 7.95%...they have now de-risked and SOLD (over the past few months!), leaving approx HALF of there holding at now, only 5.86%

[atino] 14/8/2019 09:56

God damn, it feels good to be back in the mining sector 😀 (...I forgot how long & cumbersome it can be in a project development life cycle 🤦‍a94;️!) 😉🙇 LOL (...but you’s are already producing:-)

[atino] 14/8/2019 09:49

Be careful 😑

Any annual production targets or financial forecasts given...now going forward...will have to be considered, NET of 20,000 ounces per year (...or minus 20,000 ounces from the total stated/indicated)

[atino] 14/8/2019 09:28

I TOLD YOU’S....


...BRING FORWARD YOUR “FINEST” AVATARS/POSTERS...THAT YOU HAVE AVAILABLE (...or on OFFER!) 😤

[atino] 14/8/2019 09:24

Dude - what trade war - it been delayed !


(Quote 14/8/19) “Gold prices slip as investors take heart from Trump tariff move”

Having hit a six-year high in early morning trading on Tuesday, gold fell two percent after the United States said it would delay tariffs on some Chinese products.




These posters....ain’t even in...”My Atinos”...time-zone 😉🙇😤

[atino] 14/8/2019 08:26

(Sick 🙌 )...nearly got me self....that “G-note” 🏄‍a94;️🏄‍♂ᥧ9;🤑🤑🤑 (£980) Toot Toot

[atino] 14/8/2019 08:15

...what’s your shares in circulation? 🤷🏻‍♂️💭💭

...and has this...PAF share...had a share consolidation yet in its history ? 🤷🏻‍♂️

[atino] 14/8/2019 08:14

The restructured RCF facility referred to in the operational update announced on 17 May 2019, became effective on 3 June 2019. The Group’s senior debt will amortise in terms of the following repayment profile:


The repayment profile of the Elikhulu project’s term debt facility, comprising quarterly, equal principal instalments of R50 million, commencing in September 2019, is unaffected by the restructuring of the RCF.

In light of the strong prevailing rand gold price and the opportunity it presents to lock in an attractive cash margin and reduce interest costs, the Group entered into a gold loan for 20,000oz with Rand Merchant Bank (“RMB”) a division of First Rand Bank Limited, in July 2019. In exchange for an upfront cash receipt of R394 million, the Group will deliver 12 monthly instalments of 1666.67oz to RMB, commencing on 31 July 2019, in settlement of the gold loan.

The gold loan effectively locks in a gold price of approximately R633,000/kg or US$1,414/oz on 622kg of gold, representing approximately 11% of the Group’s guided gold production for the 2020 financial year. The proceeds of this gold loan will be used to reduce the balance of the RCF debt, resulting in a material interest saving for the Group over the next 12 months.

🧐 effective from June ?...so minus 20,000 ounces...from your annual production targets ??? 🤷🏻‍♂️ So last time you produce 172,000 ounces (...had delays & tailing plant troubles)...so now going forward you have to pay 20,000 ounces per year (gold loan?) or 1,666 ounces per month ?

So if this loan was in effect upon your last set results...you actually would have sold, on the open market...only 152,000 😉🙇

...you NOW need to dig...and dig at a fast rate, to make the 20,000 shortfall (...which will now be TAKEN into consideration) 😉🙇