Pan African Resources Share Discussion Threads

[ntv] 19/8/2019 09:22

Predictable cashflows make for sensible dividends

[ntv] 19/8/2019 09:21

Don't for get add on the cost the of paying down the debt early
That will make a big saving on interest charges and effectively increase the value of the hedge

[astjgroom] 19/8/2019 08:35

In hindsight the 20k gold ounces at $1414 wasn't a great price, but we would all be rich with hindsight. At the time when we dropped back to $1370 I was pleased with the deal, i still am, mainly because we could be still be at $1250 and 7p, I'm looking at the big picture. One more thing, gold could still drop below $1414 and stay there for months, in which case we would be back in black on that deal.Whichever way you look at it, we are on for strong results n a high chance of divi reinstatement, something I emailed the company about and endorsed.

[stonedyou] 16/8/2019 17:08

£682 fund manager: 'We bought into gold – and it's up 50pc so far this year'



To say "absolute return” funds have not been flavour of the month is an

understatement. These funds are meant to provide stable gains no matter what the

market conditions, but many have not lived up to that promise in recent years.

Yet some absolute return funds, such as the £682m Brooks Macdonald Defensive

Capital, are bucking this trend. Its manager, Jonathan Gumpel, tells Telegraph

Money why bad funds deserve what they get, why music is a good investment and how

he persuades banks to create dream assets from scratch.

Who is the fund for?

It should fit most types of investing. If you have a defensive portfolio, we might

be one of the better picks in there. If you’re aggressive, we’re quite...

[cinoib] 16/8/2019 11:26

Looks like the computer has been fixed as gold now moving steadily upwards.

[ntv] 16/8/2019 11:12

decided to pick up a few more today
those numbers for the current look ok if gold stays in 1450/1525

[atino] 15/8/2019 06:43

Good mornings 😃

- Wednesday’s plunge in the stock market, was the biggest one-day drop of the year 😱 But many analysts were more alarmed by the inverted yield curve.

- Yields on the 10-year Treasury bonds fell briefly below the yields on the two-year notes on Wednesday, an “inversionR21; that is often an indicator of a looming recession 🥺

Why does it matter? 🙇
The 2-year/10-year version of the yield curve has called it right, each of the past seven recessions, including the most recent slowdown between 2007 and 2009.

[atino] 14/8/2019 21:46

- Current gold price is approx. $1,514

- locked in Merchant Bank gold price for 20,000 ounces is $1,414/oz






$100 margin out 😕 ! and perhaps (in hindsight!)...not your directors “FINEST hour” for negotiations? 🤷🏻‍♂️ LOL 😉

[atino] 14/8/2019 20:27

[Snippet] The company reiterates its previously announced 2020 production guidance of “approximately 185,000oz” implying around a further 7% production growth during the current financial year 🧐


[CORRECTION] “7% production growth” to be OFFSET AGAINST “11% of annual production” (to be allocated towards Merchant Bank)
= leaving (in real terms) a -4% defect of production, for shareholders to soak up 😳 !


“DIG” HARDER 😉🙇 (...a little bit here...and a little bit there LOL...I should call you “almost”:-)

[stonedyou] 14/8/2019 19:59

The successful commissioning of the Elikhulu tailings retreatment plant resulted

in production of 46,201oz of gold from the processing of 10.85mt of material and

the company comments that “The production figures include the 200,000 tonnes per

month throughput from the Evander tailings retreatment plant (“ETRP”), which was

incorporated into Elikhulu with effect from January 2019, which increased

Elikhulu’s processing capacity to 1.2-million tonnes per month”.

Remnant mining and other surface sources at Evander Mines contributed a further

26,878oz of production. The company expects that extraction of the shaft-pillar at

the Evander No.8 shaft will “contribute an additional 20,000oz to 30,000oz per

annum for the next three years.”

The company reiterates its previously announced 2020 production guidance

of “approximately 185,000oz” implying around a further 7% production growth during

the current financial year.

[stonedyou] 14/8/2019 19:43

Investment summary


Earnings and output in H1 were consistent with our full year expectations, with a

54% increase in gold produced from continuing operations and a 23% decline in AISC

combining to result in a 117% increase in EPS in GBP. A subsequent operational

update has confirmed production of 172,442oz in FY19 cf guidance of 170koz in FY19

and 185koz in FY20 (implying near 2p/share EPS).

[stonedyou] 14/8/2019 19:35

"We look forward to updating the market on this project in the months ahead."

Pan African said it was confident that it remained on track to meet its gold production guidance of 170,000 ounces for the full financial year ending 30 June.

"With Elikhulu producing at a steady state for a full year and the incremental contribution from Evander's Pillar operation, we expect to produce approximately 185,000 ounces of gold for the 2020 financial year, which is a sizeable increase in our gold production profile," Loots said.