Pan African Resources Share Discussion Threads

[justiceforthemany] 02/7/2018 17:31

Elikhulu start up next month.
55K at only $650 cash cost per oz.

[justiceforthemany] 02/7/2018 17:29

It is very bizarre how the market believes this Profitable Gold miner deserves to only trade at 4x forward earnings.

[juuunx2] 28/6/2018 00:15

I know what you mean I have shares in Amer also and think the same is true there. So frustrating...

[justiceforthemany] 27/6/2018 20:55

Current share price does seem absurd. As PI's we are the last to know.

[astjgroom] 27/6/2018 16:38

Seems to be slot of selling. Any ideas?

[justiceforthemany] 22/6/2018 18:13

Noted some trades are being reported from the NEX stock exchange?
Bid and share price all over the place here.

[justiceforthemany] 22/6/2018 16:48

The share price is being hugely controlled here.
Anyone notice how the share price ALWAYS collapses in the last 5-10 minutes wiping out any gains even going negative?!

[stonefold] 07/6/2018 14:39

Exchange rate trending in the right direction for PAF.

1 USD =12.9240ZAR

[frazboy] 31/5/2018 20:34

so, cash flow positive in September/October???

[stonefold] 31/5/2018 19:41

Interesting volume at the close, a number of trades adding up to over 37 million shares at 7.4p

Brings the total volume for the day to 44.1 million shares, the highest one day volume for five years.

Looks like firm demand for those that missed out on the placing.

[frazboy] 31/5/2018 07:32

So, £8.9m shares sold, £7.5m cash for the company. Does anyone know if that raise gets them to the finishing line on the projects currently being undertaken, bearing this wording in mind:

"Following receipt of the proceeds from the Disposal, the Company has, in conjunction with its existing debt facilities, the necessary resources to meet its operational and immediate growth objectives and fund its ongoing capital requirements. The Disposal will not impact the Group’s black economic empowerment (“BEE”) holdings due to the conclusion of a BEE restructure as previously announced on 15 December 2017."

The bit I'm not sure about, or that has raised my concern, is the "immediate growth objectives". That does not necessarily imply they're at the finishing line. From the previous RNS:

"he construction of Elikhulu remains ahead of schedule, with first gold production expected in August 2018, and full commissioning at the end of September 2018. Elikhulu’s capacity will be increased by 200,000 tonnes to 1.2-million tonnes per month with effect from December 2018,"

The finish line is, in my view, September/October. So, perhaps one more raise (dilution) between now and then?

[stonefold] 24/5/2018 10:11

RNS BTRP new regrind mill started



UPDATE ON OPERATIONS AND BTRP MILL COMMISSIONING

"...The construction of the regrind mill at the BTRP is complete and the commissioning process has commenced and will be completed in the next week. ..."

Good also to see the retrenchment agreement has now been signed with the recognised unions of Evander Mines.
I see that another company will be looking to hire mine workers for the Lilly and Barbrook Mines(Barberton Mpumalanga) which they aim to re-open later this year.

"....The construction of Elikhulu remains ahead of schedule ...."

Moving in a profitable direction and picking up speed.

[stonefold] 23/5/2018 10:36

This holdings RNS is the third RSA based investment fund buying PAF recently.

[justiceforthemany] 18/5/2018 19:20

I believe EBITDA can hit as high as £50M for 2018-19 now no Evander and addition of Elikhulu - providing the mineworkers do their jobs.

[chipperfrd] 18/5/2018 15:20

Broker forecasts:


Year 2018 2019 2020Turnover 173.8 +3.6% 179.2 +3.1% 206.6 +15.3%EBITDA 36.0 +37.8% 63.5 +76.1% 71.8 +13.1%EBIT 24.9 +77.5% 42.0 +68.8% 58.2 +38.4%Pre-tax profit 25.2 +124.8% 36.2 +43.6% 50.7 +40.1%Post-tax profit 13.0 +17.6% 22.0 +68.5% 31.5 +43.5%EPS (p) 1.3 +85.7% 1.4 +7.7% 1.6 +14.3%Dividend (p) 0.4 -10.6% 0.5 +25.0% 0.8 +60.0%CAPEX 82.2 +131.2% 36.4 -55.7% 15.2 -58.1%Free cash flow -54.9 2.1 43.7 +1981.0%Net borrowing 74.6 +1297.3% 90.3 +21.1% 82.1 -9.1%NAV 206.5 -4.7% 214.8 +4.1% -



If correct, 2020 dividend return would be c. 11% of current price.
Chip

[edjge2] 18/5/2018 08:22

Certainly value here, no recent divi details on ADVFN despite Edison

[justiceforthemany] 17/5/2018 10:44

Pan African Resources has five major precious metals assets in South Africa: Barberton (target output 95koz Au pa), the Barberton Tailings Retreatment Project (20koz), Evander (95koz), the Evander Tailings Retreatment Project (10koz) and Elikhulu (53koz).

[edjge2] 14/5/2018 10:45

May not be a spring up but likely gradually creep

[rackempackemandstackem] 14/5/2018 09:00

Bought a few. This looks coiled and ready to spring.

[edjge2] 11/5/2018 08:21

could this be the beginning of a breakout?

[edjge2] 10/5/2018 13:24

Got a bit to go for me but little by little.

[macthepak] 08/5/2018 17:24

Part of the reason for the fall was the strength of the rand v the US dollar.

Over the last few weeks the rand has fallen against the dollar.

Hopefully the rand will continue to weaken and this will be reflected in a rising PAF share price.

[edjge2] 08/5/2018 08:25

Price rising a little at last. If gold rises I suppose levander et al in different light. Hope share price rises to get air soon.

[fangorn2] 04/5/2018 23:07

"They are stupid as this behaviour will destroy their economy and drive away foreign investment. Mantashe and Ramaphosa are idiots it seems."

Bingo.

Having lived in Sarf Africa that is spot onski.

But there ya go.