Pan African Resources Share Discussion Threads

[justiceforthemany] 28/2/2018 15:26

13:43 7.00p 1,000,000 £70,000
2nd big buy of the day - another million shares acquired.
Looks like funds and institutions are buying back in at these rock bottom prices

[uen_investor2] 28/2/2018 14:47

Serabi does look crazy cheap (SRB)

Buys coming in strongly. 1 MM left of offer... Currently 2 v 1

-Net assets $64million and most of that made up of plant equipment.
-Strong gold production.
-Big increase in cash pile last results
-Turn to profit
-No value added for the gold rise
-Big scope for growth, new drilling to lead to 100k a year production

[edjge2] 28/2/2018 13:31

Rise happened in SRB so agree with justice, uen-investor stop promoting. Let uis know by all means but one squark is enough! That helps fertilise our ideas.

Maybe worm has turned here, cottoniong on to value though divi may well not be maintained.

Does not look like a bottom to me. Maybe has be down 62% from peak before market has a real go at changing direction. Plenty of shorters likely to buy back at about that level.

[justiceforthemany] 28/2/2018 12:37

Buys flooding in now
Back even for the day and above 7p

[justiceforthemany] 28/2/2018 12:12

ueninvestor - STOP advertising here.

[uen_investor2] 28/2/2018 12:06

Serabi does look crazy cheap (SRB)

Buys coming in strongly. 1 MM left of offer...

-Net assets $64million and most of that made up of plant equipment.
-Strong gold production.
-Big increase in cash pile last results
-Turn to profit
-No value added for the gold rise
-Big scope for growth, new drilling to lead to 100k a year production

[thecynical1] 28/2/2018 11:51

This is not looking too clever imo. Anybody care to hazard a guess as to where it will stabilise? If the dividend stays anything like where it was, this is imo a no-brainer but there is obviously something going on that we are not aware of?

[justiceforthemany] 28/2/2018 11:01

10:43 6.87p 1,500,000 £103,050 Buy

[pazzuzu] 28/2/2018 10:52

I don't follow, that's a good bounce to me.

[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.