Pan African Resources Share Discussion Threads

[edjge2] 03/11/2016 10:17

hyperinflation coming in SA again I think.
Added today ahead of jobs after AVM ripper.
20p looks like support

[scottishfield] 03/11/2016 09:28

Maybe the SA Corruption Report having a tempoary impact here? (holder)

[srpactive] 03/11/2016 09:14

Still buying it so will when finished.

[coxsmn] 03/11/2016 09:08

Spractive, you haven't mentioned the name of your Chinese gas company?

[coxsmn] 03/11/2016 09:03

paf is significantly undervalued so any buyout would need to be at a huge premium to current share price

[srpactive] 03/11/2016 08:29

PAF market cap £394m.

This from the RRS statement this morning, now I wonder who
they could buy with that.

dyor

regards

active

============================

"If the gold price stays above $1 250 per ounce, and we deliver on our forecasts, we should get close to a $500 million net cash position at the year end."

===================================

[srpactive] 03/11/2016 08:24

MM's shaking out weak holders before the November news.

dyor

regards

active

[scottishfield] 02/11/2016 23:03

Yes, it does it's own thing as regards moving; i.e. it's hard to predict as you might other shares. imo

[srpactive] 02/11/2016 21:43

I think when it goes up it will surge, I am
expecting a challenge of 30p when it does.

dyor

regards

active

[coxsmn] 02/11/2016 19:50

I'm staggered paf hasn't firmed above 24p yet.Dyor.coxsmn

[pixi] 02/11/2016 17:05

Don't worry things are moving in the right direction: gold is up $17 today on election uncertainty and Trump is up too.

[panic investor] 02/11/2016 14:52

Funny old stock this one - gold up too !

[panic investor] 01/11/2016 15:14

ast, I had that problem yesterday, had to buy in small amounts - I'm with Barclays.

What's really irritating with Barclays is that if you buy in small amounts say you get 3000 then try and buy another 4000 their daft system comes up with DUPLICATE ORDER.

Whoever programmed that needs their head testing - and it's bloody infuriating.

Anyway nice day today.

[astjgroom] 01/11/2016 14:51

Azalea, bought 250k in total, maybe a few more, but it would only let me buy on £2000 at first, for a while, then it got better. 20.18 which is ok entry(I hope)

[tightfist] 01/11/2016 13:53

Coincall, thanks for the MF link, useful to keep our perspective!

[azalea] 01/11/2016 11:15

astjgroom-9167
How many do you want to buy?

[astjgroom] 01/11/2016 09:32

Thanks, I added, I think iWeb was having a moment

[srpactive] 01/11/2016 09:16

Nobody wants to sell, awaiting news possibly.

Gold chart looking very good also, maybe traders expecting a
challenge of $1300 very soon.

dyor

regards

active

[astjgroom] 01/11/2016 08:56

These are really hard to buy, any reason??

[kazz] 31/10/2016 16:11

Cheers Active

Looks good for an share price rise when it gets announced.

Regards....Kazz

[coincall] 31/10/2016 16:02

Motley Fool article on PAF

[srpactive] 31/10/2016 16:00

Hopefully this, it is due from November 2016.

dyor

regards

active

============================================

From the 21 Sept RNS (summarised):

1. A Definitive Feasibility Study on Elikhulu tailings retreatment project at Evander Mines will be available in November, and we will be told. The resource here is 1.7 million oz, giving a life of 14 years, producing 50,000 oz pa for the first 8 years, then 38,000 thereafter.

2. The Evander 2010 pay channel resources are currently in the inferred category. Current surface drilling is ongoing to improve confidence in the resource. Initial results in November, possibly leading to a new mining area without the cost of sinking a new shaft.

[kazz] 31/10/2016 15:03

What news are we expecting tomorrow srpactive?
Regards...Kazz

[srpactive] 31/10/2016 14:50

Hopefully report news tomorrow, to send
us to new high.

dyor

regards

active

[srpactive] 27/10/2016 15:33

More good news; I do like the last paragraph, dyor/

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The Gold Market Is A Wildfire Waiting To Happen – GAM
By Neils Christensen of Kitco News
Thursday October 27, 2016 09:13

(Kitco News) - One major international global asset management firm says conditions are perfect for gold prices, comparing the market to a potential wildfire that is just waiting for the right spark.
John Lambert, director of investment at GAM is bullish on gold, saying the market is a wildfire waiting for one spark
John Lambert, invesment director at asset management firm GAM

In an exclusive interview with Kitco News, John Lambert, investment director at GAM -- an investment firm with more than $119 billion in assets under management -- said that he sees a number of catalysts that will re-ignite gold’s uptrend.

“It doesn’t really matter what the specific catalyst will be. Gold has the potential to move higher,” he said.

One significant spark that Lambert said he sees in the near term could be potential U.S. dollar weakness, adding that the greenback’s current strength is based on “fiction.̶1;

Although the U.S. dollar has lost some ground, prices remain near seven-month highs. The greenback has remained fairly resilient because of Federal Reserve posturing, but Lambert said that it could soon change as it becomes clear that interest rates will remain lower for longer.

“It’s impossible for interest rates to go up substantially,”; he said. “Like it or not, we are in a world of trending lower economic growth.”

Not only will the U.S. dollar suffer because of low interest rates, Lambert said that global central bank monetary policy has gone as far as it can go and now governments are trying to boost economic growth through fiscal policies. However, he said that this will only result in higher debt levels.

The response to stagnant growth and higher debt levels could eventually lead to higher inflation, which will ultimately be positive for gold.

Another factor that could drive gold prices higher next year is geopolitical uncertainty as Europe faces a number of contentious issues like Italy’s constitutional referendum, elections in France and Germany and continued fallout from the Brexit referendum.

Brexit, Lambert said, was the first domino to fall, highlighting rising discontent for globalization. He added that it is still unclear what impact that will have on the European economy and the political landscape.

“The point of Brexit is that it proves that populism is here and it is real,” he said. “It highlights that there are growing risks to the very fabric of the euro zone. The next 15 months is going to be extremely volatile geopolitically and gold could be seen as a political hedge.”

Although Lambert is bullish on gold, he doesn’t have a price target for the yellow metal. He also said that he prefers exposure to gold through the mining sector. He explained that the GAM Global Diversified Fund has a 5.5% position in the gold sector, which is currently being evaluated following the correction since start of the month.



By Neils Christensen of Kitco News; [e-mail]
Follow @Neils_C