Pan African Resources Share Discussion Threads

[justiceforthemany] 28/2/2018 10:50

pazzuzu - In 2015 this went from 6.3p to 14p in 4 months; had hit 24p within a year

[pazzuzu] 28/2/2018 10:45

I think the company is great, itching to buy in, just need to see a glimmer of light re the current situation. It's gonna be one hell of bounce when stability arrives

[justiceforthemany] 28/2/2018 10:45

1.5M buy just went through

[justiceforthemany] 28/2/2018 10:33

edjge2 - the company is not 'screwed' as you put it. It has a great balance sheet and virtually no debt. Its book price/NAV is closer to 10p so to be trading below 7p is a disgrace. As Edison note the forward P/E is well below 10 and shutting the loss making Evander could put the shares on a P/E as low as 3.

[uen_investor2] 28/2/2018 09:34

SRB Serabi

Currently producing 38,000 ounces, at cost of circa 700 USD an ounce...

Just aquired another mine to add 32,000 ounces and help to lower costs...

Almost 10 million USD in the bank

Highly profitable

Mkt cap 25M

Flying under the radar, 12.5k of buys yesterday pushed it up 17%.

[justiceforthemany] 27/2/2018 22:24

EDISON
2019E Revenue 207.9 EBITDA 68.2 PBT 46.8 EPS 1.72 P/E4.5 2.1
We value PAF at 21.69p/share

[edjge2] 27/2/2018 21:51

need a final plunge before this changes direction but may move below 6p support as co seems screwed.

[orchestralis] 27/2/2018 17:17

Google 'evander num' and all we be clear

[thecynical1] 27/2/2018 17:15

what was that RNS about? Could they have made it any less clear to the average shareholder?

[justiceforthemany] 27/2/2018 16:19

That was actually a buy but marked as a sell by the computer.
RSI and share price both rose

[le mass du pap] 27/2/2018 16:01

Someone dumped 200k at 6.9.

Looks like most are selling from the RNS's, except the token effort from the BoD and one fund who've increased by 0.3%. With over 40% they've got a long way to go, Allan Gray alone has 10% left, down from 22% according to website. How far will they reduce?

Aimho, dyor, etc...

[le mass du pap] 27/2/2018 15:54

Will test lows of 6's tomorrow imho

[stonefold] 27/2/2018 15:22

There are some good gold companies out there.

ALTN - Which will next month issue bonds to buy equipment which should push up production volumes from modestly profitable to very profitable.

PAF - Which has many in/near/production projects of varying profitability.
Unfortunately the operation of one mine has become too costly and talks are on-going to reach the best or least worst solution.

Plenty of risk, plenty of growth potential, I wouldn't be surprised if the share price of both had trebled within 18 months.

====
By grade of gold talked about do you mean the weight of gold in grams per tonne of gold bearing material.
So the weight of gold held in rock ore from the target seam should have a high figure per tonne.
The weight of gold held in rock ore removed to construct the mine and gain access to the target will have a lower figure per tonne.
The weight of gold held in waste material from previous processing (tailings mud) will also be a low figure per tonne.

But the processing of any of the above produces effectively the same thing - either a sack of gold dust or a lump / ingot of gold called dore.
The purity of the dust / dore is established when it is sent to a refinery.
Once the gold is refined, ownership is then transferred to the buyer - possibly a gold bullion bank.
When ownership is transferred the price is that which is quoted on the spot market at that time.

[justiceforthemany] 27/2/2018 15:13

ZAR gold price back above $15,500/oz

[justiceforthemany] 27/2/2018 15:12

Yes so 56K from Elikhulu at $550/oz or Evander 70K at $1679/oz
No brainer.

No point producing gold at a loss.

[ukgeorge] 27/2/2018 14:55

bring back Zuma!!!!

[pazzuzu] 27/2/2018 14:54

Christ, it just keeps going, how low can it go.

[chipperfrd] 27/2/2018 14:45

Gold is gold wherever it comes from. Once it has been refined it commands the market price.

[justiceforthemany] 27/2/2018 13:16

Question for those with more knowledge about the gold industry. PAF with Elikhulu will be producing >100,000 oz from tailings projects. These require a lot less man power and hence have very low cash costs. They are lower grade though so what sort of gold price is received in comparison?

[justiceforthemany] 27/2/2018 13:02

30% production cut actually and Elikhulu would make up the loss from Evander come the summer.

[edjge2] 27/2/2018 11:29

Shorterts having a go on 'news' like IQE.

[topazfrenzy] 27/2/2018 11:18

Le Mass, time you stopped going on and on, this is what happens with AIM, the results were not great and there is a big seller, cannot see the point of your posts, we can see what is happening. To keep saying it hurts is pathetic, go get some government bonds or something and stop moaning.

Looking forward, entering now seems like a bargain but each to his own.