Pan African Resources Share Discussion Threads

[ih_228024] 09/3/2021 17:48

The outlook for the future at Pan African is very big. it cannot be understood that there are no longer users here.
one of the best gold mines in the world

[stonedyou] 09/3/2021 16:27

Gold Price Futures (GC) Technical Analysis – Strong Move Through $1711.70 Could Trigger Surge into $1744.30

The direction of the April Comex gold futures contract into the close on Monday is likely to be determined by trader reaction to $1711.70.

Gold futures are trading higher on Tuesday after hitting a nine-month low the previous session. The market is currently in a position to overtake a key long-term Fibonacci level that could trigger an acceleration to the upside.

The catalysts behind today’s rally are lower U.S. Treasury yields and a weaker dollar. There were no major events overnight to spark the move. The metal was just relatively cheap. Furthermore, we could be looking at position-squaring in the other market ahead of new week’s Fed meeting.

[cinoib] 09/3/2021 15:58

Would like to think that is what is pushing it up today, but am sure the recovery in gold as some to do with it as is my best performer of the day today.

[ih_228024] 09/3/2021 15:49

this is an option for more profit and then dividends !!!!!

[ih_228024] 09/3/2021 12:37

an Nelson, CEO of Pan African Resources (LON:PAF JSE:PAN), tells Proactiveinvestors that the Evander acquisition represents a "game changing" opportunity. Jan explains the benefits in the acquisition and also why Harmony is selling the asset. He also explains why the shares, even at record highs, are undervalued and investors can look forward to more and higher dividend payments.

hxxps://www.proactiveinvestors.com/companies/news/301484/pan-african-resources-undergoes-game-changing-acquisition-1575.html

[gordan ghetto] 09/3/2021 11:16

ANA is the best UK cannabis stock

Share price 1.1p
Only £6.4m mkt cap

Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued (£6.4m mkt cap)
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year
(200,000 kilos)
Has the most land out of every cannabis co
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

Worth getting in on the ground floor imho.

[chipperfrd] 07/3/2021 13:57

Thanks Risa.

[risa5] 07/3/2021 13:39

Pan African puts debt repayments before dividends
Mar 5, 2021


Pan African Resources said yesterday it had chosen to prioritise repaying its debt over declaring an interim dividend during the six months to the end of December last year.

Debt was reduced by 47.3 percent to $65.2 million (about R951m) in December as the group pushed to strengthen its capital structure.


Chief executive Cobus Loots said given the record rand dividend payment last year, the group wanted to strike a balance between debt reduction and a dividend. “At the R900 000-a-kilogram gold price, the group should be debt-free by the end of the financial year,” said Loots

Pan African declared a record rand dividend for the June 2020 financial year that was paid in December last year. Shareholders were rewarded with a dividend of $17.8m, up from $2.9m in 2019. “Pan African has a track record of being a leading dividend payer. We are hoping to get back there soon,” said Loots.

Profit after taxation jumped by 86.3 percent to $40.8m, up from $21.9m a year earlier, while revenue increased by 38.4 percent to $183.8m, compared with $132.8m in 2019.

However, hedging losses amounted to $6.7m, which contributed to the 12.5 percent increase in the all-in-sustaining cost to $1 252 an ounce.

“Post the current reporting period, the group is unhedged,” said Loots.

Net cash generated by operating activities increased by a whopping 178.2 percent to $28.1m, from $10.1m in 2019. Production costs spiked by 13.5 percent to $98.2m, with salaries and wages, which represent 25.8 percent of the total cost of production increasing by 6.3 percent to $25.4m.


The group was on track to deliver its production target of 190 000 ounces by the end of the June 2021 financial year, as output during the six months to the end of December jumped 5.9 percent to 98 386 ounces, driven by a strong operational performance at Barberton Mines in Mpumalanga.

Loots said Barberton Mines' underground production increased by 15.3 percent to 42 350 ounces, from 36 737 ounces in 2019. The continued extraction of the high-grade section at New Consort's Prince Consort Shaft Level 42 also added to the upside at Barberton Mines.

“Barberton Mines deserves recognition for a robust operational performance, with gold production of 52 354 ounces for the six months ended December 31, 2020, demonstrating the excellent progress at this flagship operation in reserve development and infrastructure optimisation,” he said.

However, gold production at Elikhulu decreased by 8.3 percent to 26 863 ounces due to lower recoveries and constrained plant throughput.

“Production is expected to improve during the second half of the 2021 financial year,” said Loots.

Pan African expects to produce 190 000 ounces of gold for the financial year to the end of June 2021, which is a substantial increase compared with actual production of 179 457 ounces in the 2020 financial year.

“We are committed to continuing to create value for our stakeholders by positioning Pan African as a sustainable, safe, high-margin and long-life gold producer,” said Loots. Pan African shares closed 5.37 percent lower at R4.23 on the JSE yesterday.

[ih_228024] 06/3/2021 23:05

Pan African puts debt repayments before dividends

By Dineo Faku Time of article published Mar 5, 2021

hxxps://www.iol.co.za/business-report/companies/pan-african-puts-debt-repayments-before-dividends-7538a0fc-3702-4b51-b70d-6c678513f371

in near Time

DEPT FREE
DEPT FREE
DEPT FREE

they bring the debt to zero and then come the big dividends

[bigdazzlerreturns] 05/3/2021 13:13

Started a long position today only a small position if Pog continues to drop become interested with another buy at around 13/14p

Oh and I’m certainly not trying to knock this share as that’s why I’ve bought. I’m convinced this with be mid 20’s again longer term.

[stonedyou] 04/3/2021 15:09

Gold’s Slump Boosts Indian Buying Ahead of Wedding Season.


(Bloomberg) -- Indian gold buyers sidelined for most of the past year due to surging costs are now snapping up bullion as a drop in prices unleashes pent up demand.

Benchmark gold futures in India have tumbled about 20% from a record in August last year, mirroring a decline in the global benchmark as haven demand wanes. In a sign that demand is picking up, imports into the country jumped 41% in February from a year earlier to the highest since November 2019, according according to a person with knowledge of provisional finance ministry data, who asked not to be identified as the information isn’t public.

As well as lower prices, consumption is expected to pick up ahead of the wedding season and Akshaya Tritiya, which falls on May 14 and is the second-most auspicious day to buy gold in the Hindu calendar. Purchases were crimped last year by India’s extensive lockdown to curb the spread of coronavirus.

“The festival and wedding season looks good,” said Ashish Pethe, chairman of the All India Gem & Jewellery Domestic Council. “The investment demand has come back, and the jewelry demand will come in after the rates stabilize,” as a lot of the weddings postponed from 2020 will take place this year, he said.


India is the world’s second-biggest gold consumer and imports almost all the gold it consumes. An import tax cut announced last month has also made the precious metal cheaper in the local markets.

[ih_228024] 03/3/2021 12:53

Based on its dividend for fiscal 20 and our forecast dividend for fiscal 21e, it is among the 20 most profitable precious metals companies in the world. In the meantime, investors can buy the stocks with a resource multiple of just $ 13.86 / ounce and a reserve multiple of just $ 47.79 / ounce.

(- :

[ih_228024] 03/3/2021 12:25

the falling price at PAF is more than an exaggeration

[johnbull1] 03/3/2021 12:11

Edison note out on PAF. (Think its publicly available and free). Decent note.

hxxps://www.edisongroup.com/publication/record-interim-profitability/28966

[ih_228024] 03/3/2021 11:21

good video

[johnbull1] 03/3/2021 08:32

Think the H1 wasn't great. AISC costs about 1250 vs the target 1000, including losses on hedges and a stronger rand vs USD but there were a lot of things that are now getting better in H2. Obviously a lot of miners have similar looking charts recently; think PAF has just overshot! Some people see their holding down 20% and panic sell, so the opportunity to pick up a bargain just goes up.

Cool heads, you'll do well here. 5-6x PE. If gold stabilises at 1725, >22p in 3 months.

[awoogaa] 03/3/2021 05:56

I’m confused as to why teh PAF price has dropped so dramatically - anyone able to clarify for me please?

[stonedyou] 02/3/2021 16:25

Russia could ditch dollar by lifting tax on gold purchases – economist


The Russian government could achieve its goal of de-dollarizing the economy by taking one simple step: dropping the tax it currently charges its citizens for the purchase of physical gold, an economist has said.


Russian citizens would get rid of their dollar savings to buy up gold bullion if the 20-percent value added tax (VAT) were eliminated, according to economics professor Valentin Katasonov, as cited by Russia’s business news agency Prime. He noted that the potential selloff would inevitably drag the greenback down.