Pan African Resources Share Discussion Threads

[le mass du pap] 05/1/2017 21:13

Re 9586. Warren Buffet has been around for more than 30 years and I think he's older than 11. But still not a table of snacks and you can't take that away from him. Amazing huh?

[le mass du pap] 05/1/2017 21:06

Whose ROLF?

[dt1010] 05/1/2017 21:05

Wow, he has the prize mentality of an 11 year old...and yet he's been "investing for over 30 years"
Clearly really successful and not bitter and angry at all.
Go away little man. Keep "investing" though, in quality like KEFI....
Says a lot, not sure the last 30 years has been very fruitful for you !!
ROFL.

[le mass du pap] 05/1/2017 21:03

Here's something, Warren Buffet isn't really a "Buffet", he's a real man and not a table full of snacks.

What do you think?

[dt1010] 05/1/2017 18:02

Le Mass if you're so experienced then why are you so impatient?

Clearly you have not learnt much over the last '30 years'.

Paint doesn't dry any faster if you watch it. But no doubt you know that too ;)

[mikkydhu] 05/1/2017 17:35

Things that may help the slowcoach catch up:

PAF plan to start construction of the Elikhulu Project once they have sorted the financing, and they said they would do that this month. Let's hope they keep to this timetable and announce the start of construction soon.

In September they said they were surface drilling the Evander 2010 pay channel. The idea is to upgrade the resources there from an inferred category. They called this a "potentially attractive orebody." They said the initial results from the drilling programme would be available in November. We are still waiting to hear them.
This 2010 pay channel is attractive because the potential mineral resource there is 6.3 mt at 10.82 g/t, that is 2.2 million ounces. They may be able to establish a new mine area there without having to incur the cost of sinking a new shaft from surface. In other words, 2 million more cheap ounces.

They also say in September, "During the next year we will also investigate further medium-to-long term underground production increases from sources such as 9 Shaft and projects such as Evander South at Evander Mines."

Several possible triggers of an share price rise there.

[le mass du pap] 05/1/2017 16:42

Ok close. Just hope pog continues to rise to allow this slowcoach time to catch up.

[le mass du pap] 05/1/2017 16:05

I think people are entitled to be frustrated, 6 months to drop 30% is fairly tiresome. However it's more about pog than the company itself. The company is clearly a good company but the shareprice has tracked pog down like most gold miners. It's pog you need to watch. With pog now bouncing back I'd be surprised if this isn't also back to 18p fairly soon. However it should have bounced back more already imho.

hxxp://goldprice.org/live-gold-price.html

[le mass du pap] 05/1/2017 16:01

Taking CEY as an example, it's price has currently recovered to the equivalent of 18p for PAF, so some ground to make up here. Coincidently that's around the top of the down channel and where the 200dma sits. So almost certain PAF will head towards that before hitting any serious resistance. But will depend on pog etc as ever. Aimho, dyor, etc...


free stock charts from uk.advfn.com

[gold panda] 05/1/2017 15:58

It's not because of SA because as of time of writing DRD is up 7.7%, Harmony 5.9%, Sibanye 5.4%, Anglogold 6.7%. I think the reason is that all other major SA gold miners are traded on NYSE and have better visibility to investors and larger volume. However, I would take Panaf and DRD ahead of any gold miner in the world every day. You see, they have something that most lack and that is tailings projects, competent management, high div yield, and non-dilutive strategy. Not to mention the multiples and long LOMs. For everyone impatient I would like to point out that investing in PM stocks is very different than investing in regular stocks - they are highly volatile and unpredictable and should be bought with a long-term strategy without leverage. Leverage can be very bad for the portfolio, just ask bitcoin investors today

[le mass du pap] 05/1/2017 15:41

Well thanks for the advice DT, I've only been doing this 30 years and on ADVFN around 15, so that's very helpful ;o))

[dt1010] 05/1/2017 13:51

Le Mass, it's best to do something else, create a list of stocks to watch and comment on their BBs, buy them too. PAF will move up when its ready. Remember its a zig zag line up, not straight. Subscibe to seeking alpha and create a portfolio on there too, there's so much research to do all the time. PAF is one stock and its very cheap, so don't lose faith.

[le mass du pap] 05/1/2017 13:01

Yeah, well they were 24p, now 15p. Fairly sure they'll go back there eventually, just very boring in the meantime waiting for the seller to clear. Plus we need gold to behave.

[garycook] 05/1/2017 12:52

LMDP,You will not be saying that, when PAF are 24p !!!

[dt1010] 05/1/2017 10:16

whats the rush basem?

go for it making your broker rich lol, chasing return elsewhere...hahaha leapfrogging.... you;re a classic impatient "investor"...the City loves you.

[dt1010] 05/1/2017 09:07

bought another 40000 at 15.63

nice handle just about to complete a cup on the chart... :)))

18p on the cards very shortly :))

Keep buying!

[johnrxx99] 05/1/2017 08:22

The depressor is location. Rand perilous as is the government. If Zuma was out it would help.

[basem1] 05/1/2017 07:06

Surely Today is the day ? Gold is up over 1%