Pan African Resources Share Discussion Threads

[srpactive] 24/2/2016 11:43

Buys coming in now, this should be higher, look at other
gold miners, probably a buy order getting filled.

[srpactive] 24/2/2016 11:38

I also think once the newspapers and magazines see
and wake up to the supper results we could easily move
alot higher. Still buying.

dyor

regards

active

[srpactive] 24/2/2016 10:55

As I have just mentioned on hgm thread, gold through 1230
which is forming a double bottom, which is very positive
for gold and gold miners, hopefully a challenge of 1300
very soon, paf should be touching 15p now.

I continue to buy whilst the mm's give the stock away for
a 15% discount.

dyor

regards

active

[dangersimpson2] 23/2/2016 11:05

They actually define their cost types in their results RNS, but basically:

cash cost = operating cost excl. sustaining capex,

all in sustaining cost = cash cost + sustaining capex,

all in cost = all in sustaining cost + expansionary capex

[srpactive] 23/2/2016 10:51

thec1

I would have thought they reference it to enforce that there
intention is to continue with the attractive final year dividend.

Yes I agree this looks very good indeed, especially if the gold
price continues to show such support, we could be heading for new highs.

Citywire today: FT
AngloGold Ashanti reduced its net debt by 30% last year and improved cash generation, highlighting how cost-cutting measures by the world’s largest gold miners have helped them respond to a long decline in prices.

dyor

regards

active

[thecynical1] 23/2/2016 10:41

When they talk about "all in costs", I assume they are referring to C3 costs? If so, this looks very seriously interesting imo. Am holding so no ramp intended.

Why do they refer to a "final dividend"? I thought they only paid a dividend once a year so there is no interim dividend? Or have I been missing something?

[dangersimpson2] 23/2/2016 09:27

Good results.

0.6p EPS for H1 2016. At current gold prices, FX & production rates they should do roughly twice that in H2:


2016H2 Gold price ZAR/Kg 593442 today's price All in sustaining costs ZAR/Kg 396819 H1 productionKg produced 3247 H1 production PBT (ZARm) 638 FX rate (ZAR/GBP) 21.49 today's rate PBT (£m) 29.71 PAT (£m) 21.98 26% Taxshares in issue (m) 1831 EPS (p) 1.2



Giving a 2016 P/E of 7.6 and a 2017 P/E (assuming no changes in gold price etc.) of 5.7.

[kazz] 23/2/2016 08:14

Excellent
Regards... Kazz

[srpactive] 23/2/2016 07:28

Results seem very good, gold production costs down, gold
price increasing, debt falling and talk of continued
attractive final dividend. Hopefully a good investor reaction
and a move towards 15p very soon.

Happy to increase.

dyor

regards

active

[srpactive] 22/2/2016 15:27

Hopefully decent figures in the morning.

[archie and adam] 20/2/2016 13:17

..could easily pull back into the 10p area here, over coming weeks.

[pixi] 19/2/2016 12:31

So is a falling US$ dollar.

The bigger miners are up: FRES +2.12%, CEY +4.38% and Acacia +2.90%

[aishah] 19/2/2016 11:51

Fed's jumped the gun too soon on rates! Gold yielding 0% when interest rates could be turning negative is really good for gold!

[srpactive] 19/2/2016 11:32

Yes, they know it is going to 20p.

Article in the IC today cementing what I have been talking about
here and hgm recently, they also include randgold, who I actually
think will buy paf for growth.

dyor

regards

active

[pixi] 19/2/2016 09:58

Gold touched 1240 yesterday:



Yes, 5% changed hands from the small guys to the big guys. That probably accounts for the huge volume on the 16th Feb. So the big guys must know something the little guys don't to buy around the 13p level.

[srpactive] 19/2/2016 07:54

Prudential has increased here, it looks like they were the one million
purchasers.

I continue to buy.

dyor

regards

active

[pixi] 18/2/2016 23:34

hazl, FQM has played a blinder - up 30%. Quality operation with excellent prospects. Brokers rate it very highly. BlackRock has an interest.

[srpactive] 18/2/2016 22:16

kazz

Yes I think we will surge to 15p very soon.

dyor

regards
active

[kazz] 18/2/2016 21:34

Gold off again

[pixi] 18/2/2016 15:53

Trumpers are you still loading your truck?

[donald trumpton] 18/2/2016 13:23

..or 1160.

[pixi] 18/2/2016 10:56

I wouldn't be too surprised in the short-term if they pushed gold to 1300.

[donald trumpton] 18/2/2016 10:53

I second that astute comment.

[srpactive] 18/2/2016 10:34

Yes gold miners are the place to be.