Pan African Resources Share Discussion Threads

[srpactive] 01/12/2016 12:06

This has nothing to do with gold, look at hgm.

[dt1010] 01/12/2016 12:04

Gold takes the lead

[srpactive] 01/12/2016 12:00

One way to get sellers, say one thing do another.

[pixi] 01/12/2016 10:42

Buy the dips.

[dt1010] 30/11/2016 19:16

Good luck tomortow srp. For your dedication alone you deserve to profit here.

No doubting this will rise substantially tomorrow.

[srpactive] 30/11/2016 08:12

Maybe any update will be after xd date.

regards

active

[mikkydhu] 29/11/2016 13:58

Thanks, gp.
That August figure looks particularly good. Hope they can maintain it.

[gold panda] 29/11/2016 12:49

regarding Phoenix, progress can actually be seen at slide 45 of the annual results presentation


following installation of scrubber and high energy agitation cells, output is up to 1,218 ounces for august 2016 compared to 572 ounces in april 2016 before the upgrades

also, samancor completed the purchase of ifm's assets in august

[srpactive] 29/11/2016 07:16

Yes thank you mikkydhu, very informative, lets hope
the company talks soon.

Please keep your posts coming, I also think with all
this potential positive news from a small operator compared to some,
we must be on someone's radar to buy.

dyor

regards

active

[dilbert dogbreadth] 28/11/2016 22:44

Another great post mikky

[mikkydhu] 28/11/2016 22:39

There's a lot that we might hear about from PAF shortly, maybe not all at once.

The big one is the proposed new Elikhulu Tailings Retreatment Plant at Evander. It is planned to process about five times as much as the existing tailings retreatment plant, a million tons of tailings a month. This, assuming it goes ahead, will add 50,000 ounces a year to PAF's gold production.

But Evander is big and there are other projects there under consideration. These ones are mentioned in a Mining Weekly article of 21st Sept 2016:

1. "Seven shaft" is an area where work has begun in some of the old areas and mining of shaft pillars will begin next month (that is, October). This should add to gold production. So we may hear about this at any time.

2. "9 shaft" has a resource of more than 300,000 ounces and a review is under way to assess if it will be profitable to mine.

3. The "2010 Payshoot" was being drilled in Sept. Harmony Gold, previous owners, drilled high grades here. Cobus Loots said of this area: "From a mining perspective, you're looking at probably about 13g/t to 14g/t, depending on how we mine it." If go-ahead is given for 2010 Payshoot, existing 7 Shaft infrastructure is in place and no completely new shaft will have to be sunk from surface.

So these are potentially four new sources of gold at Evander for PAF.

But it is possible that PAF may take the opportunity of the expected RNS to give us a broader company update. For example, they may say more about plans to more than double output from the colliery. They may also say what progress is being made to restore Phoenix to its previous pgm production levels.

[gold panda] 25/11/2016 20:58

Always nice to get a dividend a few days early