Pan African Resources Share Discussion Threads

[fangorn2] 23/8/2018 16:28

@Stonefold

This article is mainly about farm killings- and there have been plenty. Often of both the white farmer owners, their families, and also the black workers as well fyi.

"No. The constitution has not yet been changed and since 1994 the ANC has been following a willing-buyer willing-seller module to redistribute land."

Not yet but the state offering 10 cents in $$ for the land, with the threat of appropriation, is hardly anything to write home about - Seizures will soon occur.

Don't expect the BBC to report on it though!

[stonefold] 23/8/2018 16:06

23-08-2018

"....Have any farms been seized?

No. The constitution has not yet been changed and since 1994 the ANC has been following a willing-buyer willing-seller module to redistribute land.

Around 10% of land in white ownership has been transferred to black owners in this way.

Mr Ramaphosa told parliament on Wednesday that South Africa needed to speed up the pace of land reform to correct a historical injustice.

However, the South Africa president said it would be done in an ordered manner and there would be no land grabbing.


"As South Africans we must move away from this fear psychosis that has been going around, particularly those that have been spreading lies and rumours. Organisations like AfriForum going overseas and saying that the ANC is out for a land grab."



23-08-2018
Reality check

[justiceforthemany] 22/8/2018 22:06

Good points chipper and mikky. I don't trust Mantashe but he did attend the first gold pour at Elikhulu last week despite PAF not being a big company - certainly nothing compared to the likes of Glencore or Anglo-American. One would hope he will be supportive to management. With elections next Spring the ANC appear to be making some bolder statements (especially on land reform) to hold off and appease some of the ultra left wing EFF party - who only won 6% of the vote in 2014.

[mikkydhu] 22/8/2018 17:38

Farming versus mining:

I wonder if it's cultural/psychological? Farming the land is what Africans have done for centuries in Africa. To see "others" farming the land gets to them in a way that mining, not historically an African activity, does not.

[chipperfrd] 22/8/2018 17:17

If Zimbabwe is used as a (worst case) guide then businesses that have met the S.A. BEE criteria may well avoid further hassle.

I have held CMCL (Blanket Gold mine in Zimbabwe) for a number of years and they have relatively prospered in spite of all the property confiscations that impacted farmers in that crisis-ridden country.

Clearly there are no guarantees regarding the current political situation in S.A. but I have a degree of confidence that miners such as PAF will continue their business without obstruction. Only time will tell.
Chip

[risa5] 22/8/2018 16:11

Fangorm you have made a good description of yourself in the above post.
After you claimed "It's a great company", I thought you had some reason to back up what you claimed.

I'm also disappointed about your poor judgement.

[risa5] 22/8/2018 14:09

Fangorm You claim "It's a great company".
Can you provide any reason/s why ?

[fangorn2] 22/8/2018 13:50

.Exactly - good point risa5. I don't see you posting this stuff on other SA listed companies.

@justiceforthemany

That's because I don't follow any!!!Nor do I follow the boards!!
As I said in the above where you listed 5

So that means I dont follow Old Mutual for example either!

You guys are being ridiculous.

[fangorn2] 22/8/2018 13:48

Fangorm 10393 "Good luck all but this is uninvestable"
If you have no agenda why call this "uninvestable" ?

Because I am waiting to see if it does become investable obviously!!
It's a great company.

Unfortunately the Politics and abrogation of "property rights" makes it for widows and orphans only.

Not rocket science lads

[justiceforthemany] 22/8/2018 13:30

Exactly - good point risa5. I don't see you posting this stuff on other SA listed companies.

[risa5] 22/8/2018 12:28

Fangorm 10393 "Good luck all but this is uninvestable"


If you have no agenda why call this "uninvestable" ?

[fangorn2] 22/8/2018 10:42

"There is no need to keep posting the same things over and over again. It tells me you are shorting PAF and have an agenda against the company"

I don't short.

I have never shorted either.

Nor will I.

If you're invested in South Africa you'd be interested in politics, and many who know doubt do have investments don't keep up to date news side given they;re probably doing a 9-5 job!

Hence I am linking for their benefit in case they're interested!

[justiceforthemany] 21/8/2018 20:04

Your comments would be better suited to a political website or better still why don't you write directly to Ramaphosa and the ANC given you feel so strongly about this?

Have you written anything on the Glencore board? Mondi? Anglo American? Sylvania Platinum?
Standard Chartered?

Why are you so interested in PAF?

[justiceforthemany] 21/8/2018 19:59

Fangorn we are well aware of the political risks here and that is why this share is trading at just 3x earnings and at half the book price.

There is no need to keep posting the same things over and over again. It tells me you are shorting PAF and have an agenda against the company.

[mikkydhu] 21/8/2018 09:02

What Cobus Loots has achieved with Elikulu is extraordinary...and it will be such a profitable project.

It is just such a shame about the country risk. But I doubt if the mines would be the first target of those who would seize assets.

[stonefold] 20/8/2018 19:43

On a brighter note.

20-08-2018
Elikhulu gold pour, Cobus speaks from 1:45 onwards.

[fangorn2] 20/8/2018 18:05

South Africa Heading Toward Communist Disaster, Says Winemaker
Economy already crumbling as government begins land seizures



"who are barely propping up a populace heavily dependent on tax dollars being contributed by a precious few."

[fangorn2] 20/8/2018 18:03

South Africa Heading Toward Communist Disaster, Says Winemaker
Economy already crumbling as government begins land seizures

[fangorn2] 20/8/2018 15:31

So long property rights

"“What makes the Akkerland case unique is that they apparently were not given the opportunity to first dispute the claim in court, as the law requires.”"

Civil war and bloodshed coming to Sarf Africa now.





Local newspaper City Press reports two game farms in the northern province of Limpopo are the first to be targeted for unilateral seizure after negotiations with the owners to purchase the properties stalled.

[justiceforthemany] 17/8/2018 18:06

NUMIS target is even higher. They want 16p
17-Aug-18 numis Buy 16.00 16.00 Reiteration