Pan African Resources Share Discussion Threads

[madun2000] 25/1/2020 07:20

Also great news is the fact the PIC in SA continues to buy the stock. The PIC is extremely well informed. They took their holdings above 8% last week.

[sky86] 25/1/2020 00:19

More here:
[...]

[sky86] 24/1/2020 21:43

Great news. It seems that we are on track. Let's wait for the full interim reporting though.

[astjgroom] 24/1/2020 07:45

Very good update. Egoli looks promising very fast at 90k Oz per annum. Debt down, promise of higher dividends, minimum disruption from community action and no more ongoing, also from electricity supply minimum. Very good, but then again we passed 12p yesterday so it's obvios it's a leaky ship with people in the know before results.

[18bt] 24/1/2020 07:19

Long and complex update, but it appears positive. They are making much more noise about de-gearing and increasing dividends e.g. "The group is exploring
several non-dilutive funding options, which will enable Pan African to continue
its strategy of de-gearing its balance sheet and increasing dividends." The market appears to be cottoning on to the prospective yield here which is now 3.3% for 2020 rising to closer to over 5.8% for 2021.

[risa5] 23/1/2020 15:50

20p or £20 ?

[sky86] 23/1/2020 01:27

With the gold prices holding up at these levels, and the promising interim results being release within few weeks, I believe that PAF will be trading at £20 by next September, as long as they keep on paying dividends and the June y/e results will meet the targets for both increased profits and decrease level of debt.

[spaceavenger] 18/1/2020 18:20

EPS are currently 2p (1.97 to be exact) so that's a P/E of less than six.But those results were before the £200 rise in the gold price and these shares are highly geared to a rise in the gold price!So why such an incredibly low P/E?It must be the dividend policy.If they don't pay out then it doesn't matter how much they are earning.So my suggestion to the directors is:PAY OUT!!

[stonedyou] 18/1/2020 13:20

David Rosenberg, Chief Economist & Strategist of Rosenberg Research

What do you think?


"That might come in the next 18 to 24 months, and gold is going to

skyrocket."




This debt morass has been the principal reason why - notwithstanding how wonderful

the stock market has done - this has been the weakest global expansion on record.

What happens in the next recession is that the cash flows to service that debt are

going to become significantly impaired and we’re going to get a destabilizing

default and delinquency cycle. I know, that sounds absolutely horrible, but we’ve

hit the end of the road on negative interest rates, and we’ve really hit the end

of the road on quantitative easing. So the Central Banks are going to go into a

new, non-conventional toolkit called debt monetization. They will lose control of

the monetary base and then we will go into a situation where, even with technology

and with aging demographics in the industrialized world, we will be talking about

inflation again. That might come in the next 18 to 24 months, and gold is going to

skyrocket.

[stonedyou] 18/1/2020 13:00

Got Gold? - David Rosenberg Warns "We're Going To Have Helicopter Money"



by Tyler Durden

Fri, 01/17/2020 - 19:45


Authored by Christoph Gisiger via TheMarket.ch,

David Rosenberg, Chief Economist & Strategist of Rosenberg Research, doesn’t

believe in the sustainability of the stock market rally, and warns that investors

may be disappointed at the end of the year. He is bullish on energy stocks - and

predicts that the gold price will surge to $3000.



At this level, many things have to go optimally so that the prices are higher at

the end of the year," comments David Rosenberg on the growing complacency among

investors.

The renowned economist and strategist is one of the most profound experts on the

U.S. economy and one of the last remaining skeptics to warn of a correction.

His bearish view is based on exorbitantly high equity valuations and over-

optimistic earnings expectations. He also thinks that the US consumer sector is in

worse shape than the consensus believes.

Rosenberg, who recently launched his own economic consulting firm, explains in

this extensive interview with The Market/NZZ why he is pleasantly surprised by the

phase one agreement between the United States and China, why the Federal Reserve's

balance sheet is currently the most important determinant for the financial

markets, and why he is betting on gold, Treasuries, energy stocks and emerging

markets.

Mr. Rosenberg, after a strong start to the year, equity markets seem to be

somewhat more hesitant recently. What’s your outlook for the coming months?


This is a liquidity and momentum driven market. It’s been that way for the past

four months where the correlation between the S&P 500 and the Fed’s balance sheet

has expanded to a 95% relationship. This is a case of a very accommodative Fed

policy. The double-digit growth in the money supply is bypassing the real economy

and has entered into asset markets broadly, and specifically into equities. So as

long as the Fed is in the game priming the monetary pump, shorting stocks is going

to be a very dangerous game to play.

[juuunx2] 16/1/2020 13:03

You never know I'm surprised we haven't got back to 14p level yet with price of gold holding

[spaceavenger] 15/1/2020 20:13

Considering the imminent massive rise in interim profits I believe an interim dividend is in order.Ultimately the whole point of shares is that they should pay dividends.

[stonedyou] 15/1/2020 08:32

Gold Futures: further signs of consolidation.

According to CME Group’s estimates, open interest in Gold futures markets increased fir yet another session on Tuesday, now by around 23.K contracts. On the other hand, volume resumed the downside and dropped by nearly 9.7K contracts.

Gold met support near $1,530

Gold appears to have met some decent contention near $1,530 per ounce troy on Tuesday. This area of support is reinforced by the proximity of a Fibo retracement of the December rally around $1,532. The uptick in open interest allows for the continuation of the recovery, although declining volume could point to some rangebound in the near-term at least.

[ntv] 13/1/2020 18:06

buyer in auction was bidding for 340k or 370k @ 11.42p

[davr0s] 13/1/2020 18:03

Ok point taken. But all this obsession with the UT price is futile as it normally trades next day where it left off the previous day. Unless you are trying to day trade it doesn't matter

[ntv] 13/1/2020 17:50

yes you can if you place an order in auction
DMA platform allows you to it

[davr0s] 13/1/2020 17:07

It doesn't matter - you can't trade the UT price

[justiceforthemany] 13/1/2020 16:59

Same again.
11.4p FTSE vs 11.7p JSE

[justiceforthemany] 10/1/2020 16:42

The person to contact about this is: -

[e-mail]
Email

Or
[e-mail]