Pan African Resources Share Discussion Threads

[tom111] 29/7/2016 16:47

Yes indeed a whopper,i think gold is being held back but is about take off very soon with the deluge of bad news coming through,not forgetting the US election

[srpactive] 29/7/2016 16:38

Nice big buy at the close, to see paf finish the week at
22.5p, bodes well for Monday.

[srpactive] 29/7/2016 16:23

I bet there will be a few peeping through their fingers
in Italy when the results are released.

[tom111] 29/7/2016 16:21

European bank stress test results at 9pm tonight including Italy and Germany,watch this space

[srpactive] 29/7/2016 16:01

HGM and gold moving swiftly higher, paf will follow,
get ready. The nibbles getting bite sized buys now.

$ getting moved lower, good for gold.

dyor

[srpactive] 29/7/2016 15:43

We could get one of those pushes higher at the close, ready
for a new month on Monday. A close over 23p and we will see
fireworks next week.

Paf starting to get a few nibbles now at 21.75p, offer hopefully
rising soon.

dyor

[tom111] 29/7/2016 14:23

Very odd active no movement here and no response from my other gold shares either

[srpactive] 29/7/2016 14:17

Gold looking very good for a charge of $1400.

dyor

regards

active

[dangersimpson2] 28/7/2016 13:26

The share price here has mostly tracked the rand gold price & FX.

Recently rand gold price has dropped slightly but then the share price is lower and the rand is slightly stronger.

Net impact is that PAF is still trading, all things being equal, on a 2017 P/E of c.7.6:


2015 2016H1 2016H2E 2016E 2017EGold price ZAR/Kg 446274 485215 614749 All in sustaining costs ZAR/Kg 402221 396819 396819 Kg produced 5690 3247 3247 PBT (ZARm) 251 287 708 FX rate (ZAR/GBP) 18 20.83 18.74 PBT (£m) 13.93 13.78 37.76 PAT (£m) 10.31 10.20 27.94 shares in issue (m) 1831 1831 1831 1831 1942EPS (p) 0.56 0.56 1.53 2.08 2.88SP (p) 21.75 21.75P/E 10.4 7.6



Whether that is the right valuation depends on your view on potential operational improvements or risks and one's view on future gold price & FX. My personal opinion is that a P/E of 7.6 still undervalues the potential here.

From a fundamental point of view though at 21.5p PAF is neither cheaper not more expensive that when it was 10p or 24p.

[srpactive] 28/7/2016 12:27

I think the price target is the share price pre
bid mark up of 20% to take it to 40p, Randgold
must be very interested in paf.

dyor

regards

active

[pixi] 28/7/2016 12:08

Sometime in August we should get a production update.

[2vdm] 28/7/2016 12:04

Sylvia, it could well drift a bit imo. Brexit fears subsided for the time being and gold is hovering around 1340. However,there is an increasing shortage of gold and PAF is a gold producer. Unusually for an AIM miner,it also pays a divi. If you are looking at it for the medium/longer term, then I think it's a good little company to get into, although I'm always wary of Africa re investing, as geopolitically it's not the safest bet. Much as I would love it to be at 34p (the Numis tgt), I think that's quite a way off.I have been in PAF for over 5 years an still hold. Just my view so DYOR.

[pixi] 28/7/2016 11:35

Sylvia, the institution who bought in last, on 5 July (with 6%), doesn't think so and neither does Numis who have set a target of 34p.

[coincall] 28/7/2016 10:45

Considering the divi, POG, falling £, and political mayhem - NO!

[sylvia plat] 28/7/2016 10:21

PAF still too high?

[srpactive] 27/7/2016 21:13

Yes both, gold closing strongly, 24p again in the near term
imho.

dyor

regards

active

[pixi] 27/7/2016 14:57

Gold and Silver on the rise.

[srpactive] 27/7/2016 12:27

Taking a breather to allow the rsi to consolidate.

Consolidation will happen as I mentioned the other week,
I feel randgold will buy paf for around 40p.

Playing with itv today.

dyor

regards

active

[dilbert dogbreadth] 27/7/2016 12:21

consolidating a hundred per cent rise.

Results in September at latest should be the catalyst for resumption.

[kazz] 27/7/2016 12:10

Disappointing share price action here lately Active?
Any reason for it?

[srpactive] 27/7/2016 12:04

A shortage, a boom for gold price.

You are no fool.

[pixi] 25/7/2016 14:21

coincall, thanks, mate.

[coincall] 25/7/2016 12:16

Pixi,

Thanks for the update from Numis. I have sifted out a couple of articles from recent news which may be of interest.