Pan African Resources Share Discussion Threads

[ih_228024] 02/3/2021 14:51

buying by low Price

[ih_228024] 01/3/2021 15:46

Is Pan African Resources (LON:PAF) A Risky Investment?

By
Simply Wall St

Published
February 25, 2021

hxxps://simplywall.st/stocks/gb/materials/aim-paf/pan-african-resources-shares/news/is-pan-african-resources-lonpaf-a-risky-investment

then another year of debt-free

[ih_228024] 01/3/2021 12:13

Goldprice is higher

[ih_228024] 01/3/2021 12:11

why is nobody here interested in a medium-sized producer that has almost reduced its debts and is showing steady increases

[jimbomorry] 01/3/2021 11:57

PAF fundamentals very good IMHO. Just waiting for this to turn now.

[ih_228024] 01/3/2021 11:19

The company paid its full-year dividend of $ 17.8 million in December - a record level in rand - up from $ 2.9 million in 2019. / gold / 45250-pan-african-reports

[ih_228024] 01/3/2021 11:06

This is great

The group remains on track to produce its led 190,000 ounces of gold for the fiscal year ending June 30, 2021. This is a significant increase from actual production of 179,457 ounces for fiscal 2020. We aim to continue creating value for our stakeholders by positioning Pan African as a sustainable, safe, high-margin and long-lived gold producer. “Cobus Loots CEO

[stonedyou] 27/2/2021 12:48

Central-banks-don`t-have-gold


He says that “in the old days,” gold was lent by central banks to bullion banks
and kept in London while still belonging to central banks. Since then, everything has changed. “So, in my view, all of this massive trading activity is to basically disguise this fact that there isn’t enough physical gold around.”

[stonedyou] 26/2/2021 22:25

Japan warned not to provoke China as media hypes up possibility of conflict in Diaoyu Islands after Galwan Valley clash.


While Chinese people mourn the four martyrs killed in the June 2020 border conflict with Indian troops at Galwan Valley, Japanese media made a "wild and groundless" guess that a similar conflict is very likely to be provoked in the sea with Japan next time, referring to China's Diaoyu Islands, where the two countries have had a long sovereignty dispute.

A Chinese military expert criticized the right-wingers' voices as deliberately creating trouble and exaggerating the disputes between China and Japan, to intensify the atmosphere in an attempt to provoke China and potentially create new conflict.

The expert said that China wants no trouble with its neighbors, but if Japan makes a provocation, China will take necessary measures to retaliate. The Chinese military and law enforcement forces will continue to firmly safeguard national sovereignty, security and development, he noted.

[stonedyou] 26/2/2021 22:16

Djibouti is a flashpoint in the US-China cold war

The only nation to host both American and Chinese military bases is the bellwether of superpower rivalry in Africa.


Some states have a pivotal role in the U.S.-China rivalry based on their size and economic weight. Djibouti, a Vermont-sized country of 1 million people in the Horn of Africa, can hardly make that claim.

It can claim the unique distinction of being the only country to host both U.S. and Chinese military bases. And it has quietly become a bellwether of great-power rivalry, because of where it sits and what it demonstrates about the ebb and flow of influence on a contested continent.

Djibouti commands key strategic geography because it resides at the crossroads of three crucial regions. It looks across the Bab el-Mandeb — a Red Sea strait that is a conduit for perhaps 20% of the world’s trade — at the Arabian Peninsula and the Middle East. It marks the western end of the vast Indo-Pacific theater. And it serves as a gateway not just to landlocked Ethiopia, a regional powerhouse, but also to a larger African continent where Beijing has been making big strategic moves.

[stonedyou] 25/2/2021 22:02

Demand for gold in India set to recover in 2021: WGC report

The World Gold Council (WGC) also noted that a lower customs duty may also increase the headwind for gold smuggling.


The World Gold Council (WGC), in its recent report, said that the demand for gold among Indian consumers is likely to recover in 2021, thanks to the lower import duty, among other announcements made in the Union Budget for the financial year 2021-22. The Indian government's proposal to authorise the Securities and Exchange Board of India (SEBI) as regulator for domestic gold spot exchanges also could work towards increasing the demand for gold, said WGC in its report, Union Budget impact on Indian gold market.


Additionally, the Union Budget 2021-22 also proposed establishment of welfare schemes for rural areas designed to boost incomes, which according to WGC would indirectly help revive the gold market. "We believe India's gold market will not only benefit from these reforms but will also indirectly benefit from the various rural welfare schemes announced in the budget. With a revival in the economy and these positive budget announcements, Indian gold demand looks set to recover in 2021 from its 2020 lows," it said.

It noted that a lower customs duty may also increase the headwind for gold smuggling.

[johnbull1] 25/2/2021 15:37

Totally agree. Yield curve control in a soft form is coming. Would be helpful to see an unwind of some of the bubblish tech sector to force the Fed's hand. A bit surprised by the price action today. Happy to have another opportunity in the low 17s to add! I think Fred Hickey is pretty good on calling the gold/miner turns. He's interested here, even though there might be one last wash out. Would also love to see Yellen put some action behind her words on bitcoin, as we've probably haemorrhaged some demand there recently. This could reverse.

[hjs] 25/2/2021 15:31

John

I have been accumulating as well. Fundamentals are good and eventually the tide will turn and investors will realise the value to be had in Paf. I would say watch this space.

Currently the 10 year yield is going up but the Fed will have to act to take control of the 1.47 10 year yield. I am surprised that the Fed chairman said that printing more money does not lead to inflation! I was taught that too much money chasing too few goods always leads to inflation.

[hjs] 24/2/2021 11:40

Risa/John
I totally agree, It is a bargain at this price. Technically, it is at the bottom and should pick up from here.

[hjs] 24/2/2021 10:32

Risa/John
I totally agree, It is a bargain at this price. Technically, it is at the bottom and should pick up from here.

[johnbull1] 24/2/2021 08:20

Agree with Risa here. The valuation is highly compelling. It's a 5x PE cash machine at $1800 gold, which will up the dividend or buyback shares at these levels. Management are very competent and have bought shares themselves at much higher recent levels. The whole gold miner space has come under pressure of late, so we probably need that to subside. The HGNSI indicator that Fred Hickey (High tech strategist) looks at is now the most bearish on gold its been since 2015, which is an excellent contra indicator that things will turn up.

[risa5] 23/2/2021 15:30

PAF fundamentals are sound, results came out on Feb 16 unfortunately on the same day gold dropped by about $50 and has not fully recovered yet but some may have panicked by this drop and it may also have triggered stop losses from 20p downwards.

PAF aisc is currently about $1100 but they are trying to bring it down to under $1000 so they are making a lot of profit and are not hedged.

It is just a bargain atm, buy when blood on the street...

[hjs] 23/2/2021 09:51

Paf fundamentals are strong, gold price is reasonably high. share price has dropped soon after results and imo, the only reason is the Covid SA mutant in SA and SA currency against dollar. The other reason could be the stop losses has been triggered and which has a spiral effect.

Can any body else think of any other reasons?