Pan African Resources Share Discussion Threads

[stonedyou] 21/4/2021 17:35

Ukraine war fears: Tensions escalate as Russia fires missiles in Black Sea exercise


RUSSIA has fired a barrage of cruise missiles in the Black Sea as Vladimir Putin defies Western pleas to de-escalate war fears with Ukraine.



In a series of short video clips, captured from the Russian frigate Admiral Essen, a missile can be seen being launched from one of the ship’s multiple missile silos. The video clips, released by the Kremlin’s propaganda outlet TASS, also flaunt the strengths of the new warship in an effort to display Russia’s military might.


Russia says the Caliber cruise missiles were fired as part of a joint military exercise in which over 20 other military vessels and around 50 warplanes were also involved.

A Russian military spokesman said: “A naval group comprising the frigates Admiral Makarov and Admiral Essen, missile corvettes Graivoron and Vyshny Volochyok, and also missile boats, small anti-submarine warfare ships and large amphibious assault ships, held an exercise to repel a notional enemy’s air attack weapons, using active radio-electronic interference.”

The spokesman added: “Three squadrons of the Southern Military District’s attack aircraft held drills to attain positions for an attack.”

The Admiral Essen is one of Putin’s latest warships, a multi-purpose patrol vessel, capable of conducting combat missions.

[stonedyou] 21/4/2021 16:16

Goldhub blog


Increasing trust in the gold market.


We have published our first German-language investor guidance for retail investors on gold. Launched in collaboration with BayernLB, one of the largest banks in Germany, the guidance helps retail investors to evaluate gold providers, ask the right questions, and understand what products are best suited for them.

In 2020, Germany was globally the second biggest market in terms of retail gold investment demand, which reached 163 tonnes for the year with a value well above USD$9bn.

BayernLB has also supported in tailoring our Retail Gold Investment Principles (RGIPs) to the German market and will be sharing them with their partnering precious metals dealers, helping to further increase trust in gold by setting a standard for the wider market.

[hainholz1] 21/4/2021 14:48

Pan African Resources Price Target, Predictions & Analyst Ratings

[...]

Target is 0,24 Pence

[stonedyou] 20/4/2021 21:54

DoooooooooooooooooooooooooooooooooooooooooooooM!!!!! For Bitcoin!!



Bitcoin 'may be legislated out of existence’ as Sunak aims sight at EU’s ‘digital euro'

BITCOIN "may be legislated out of existence," according to an investment expert, as Chancellor Rishi Sunak aims his sight at the proposed "digital euro".


The cryptocurrency recorded the biggest one-day drop for almost two months on Sunday. The retreat came after Bitcoin hit a record high of more than $64,000 (£45,773) last Wednesday following the stock market debut of the US’s largest exchange for the tokens, Coinbase Global Inc. Bitcoin remains down about 12 percent from last week amid warnings that investors could suffer heavy losses from speculating in crypto assets – including from Microsoft co-founder Bill Gates.


And Chris Clothier, an investment manager at CG Asset Management, believes things could get worse for investors.

Writing a special report on cryptocurrency in January, he stated: “History does not seem to be on Bitcoin’s side.

“We are not aware of any private currency – except those that are extensively tethered to an existing fiat currency – which has been successful – where success is defined as holding its value in real terms for a considerable period of time.

“Fiat currencies exist and endure precisely because they are instruments of state coercion.

[hainholz1] 20/4/2021 11:19

this is fact

I like that Pan African Resources is an established miner, which for me makes it a bit less risky than other listed natural resources explorers and miners. The miner pays a dividend and has debt under control, which I see as positives.

[risa5] 20/4/2021 07:36

2 strong growth stocks with falling share prices

Andy Ross | Sunday, 18th April, 2021 | More on: FDP PAF

One of the ways I’d look to outperform the market is by picking up growth stocks with good long-term prospects at a reasonable price, or trading more cheaply then was the case in the past. Here I look at two UK-listed shares that could see serious share price appreciation in the coming year and beyond.

A mining growth stock
The first is South African gold miner Pan African Resources (LSE: PAF). Over six months, its share price is down around 22%. However, on a 12-month view, the shares are up more like 40%.

I like that Pan African Resources is an established miner, which for me makes it a bit less risky than other listed natural resources explorers and miners. The miner pays a dividend and has debt under control, which I see as positives.

It was hit by the pandemic, so in that light, the performance has been good. The management has said it’s on track to deliver on its full-year production guidance of around 190,000 ounces of gold.

On the downside, it’s always at the mercy of the gold price, which is clearly beyond its control. It also could face taxes from the South African government. There might be particular pressure on mines following the economic impact of the pandemic.

I’d like to see the share return to over 24p per share this year. The shares currently change hands at around 17p to 18p. The 12-month high, useful as a reference, is 28p. A rise in the gold price or inflation concerns could both be realistic triggers for this happening. For me, it’s a growth stock I’ll be keeping an eye on for my portfolio.

[stonedyou] 19/4/2021 22:35

India gold imports jump to near two-year high as weddings revive demand

Overseas purchases increased more than sevenfold to 98.6 tons last month from 13 tons a year earlie


Gold imports by India surged in March to the highest monthly total in nearly two years as a slump in prices stoked demand for jewelry during the ongoing wedding season.

Overseas purchases increased more than sevenfold to 98.6 tons last month from 13 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. That would be the highest since May 2019. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to calls to his mobile phone.



Imports during the first three months of 2021 more than doubled in the world’s second-biggest consumer to almost 190 tons, according to Bloomberg calculations based on the data.

Benchmark gold futures in India have tumbled about 17% from a record in August last year, boosting demand during the wedding season and ahead of Akshaya Tritiya next month, the second-most auspicious day to buy gold in the Hindu calendar.

[stonedyou] 19/4/2021 19:38

READY TO STRIKE Chilling satellite pics show ‘biggest-ever’ build-up of Russian forces on Ukraine border with thousands ready to invade.


CHILLING satellite pics show thousands of Russian troops massing on the border with Ukraine ready to invade if Vladimir Putin gives the order.

The concentration of forces has been described as the biggest since the Russian seizure of Ukrainian territory sparked war between them seven years ago.


It comes British warships will reportedly set sail for the Black Sea in May amid fears of war between Ukraine and Russia.

In the past month, Vladimir Putin has amassed tens of thousands of troops and weaponry to the disputed Donbass area, a Russian speaking area which broke away from Ukraine in 2014.

The Donbass conflict erupted in the months after Russian forces seized Ukraine's Crimean peninsula in 2014.

The newly released satellite pictures show a large Russian military camp around 19 miles from Marfivka in east Crimea, Der Spiegel Reports.

[hainholz1] 19/4/2021 11:05

frindly goldprice is underway

[stonedyou] 17/4/2021 19:22

China renews appetite for gold with US$8.5 billion set to arrive as central bank relaxes quotas.


China’s appetite for gold jewellery, bars and coins has recovered as the economy rebounded in recent months.

Around 150 tonnes of gold, worth US$8.5 billion at current prices, are likely to be shipped by next month, multiple sources claim.


Thailand bakery offers 24K gold-plated doughnuts for US$130 each
China has given domestic and international banks permission to import large amounts of gold into the country, according to five sources familiar with the matter, potentially helping to support gold prices after a months-long decline.

China is the world’s biggest gold consumer, gobbling up hundreds of tonnes worth tens of billions of US dollars each year, but its imports plunged as the coronavirus spread and local demand dried up.

With China’s economy rebounding strongly since the second half of last year, its appetite for gold jewellery, bars and coins has also recovered, and since January domestic prices have been higher than global benchmark rates, making it profitable to import bullion.

The People’s Bank of China (PBOC), the nation’s central bank, controls how much gold enters China through a system of quotas given to commercial banks. It usually allows enough metal in to satisfy local demand but sometimes restricts the flow.

[hainholz1] 16/4/2021 22:59

Pan African Resources’ Evander Mines in South Africa

Is renewable energy mining’s new normal?

South Africa’s mining sector, albeit more mature than those of most other African countries, is no stranger to energy supply constraints.

This has led several mining companies to investigate the option of supplementing their grid-supplied energy with renewable energy solutions to ensure a reliable energy supply when there are unscheduled power disruptions experienced from the national grid.

Mid-tier gold producer Pan African Resources felt it prudent to investigate renewable energy solutions, not only for the anticipated long-term cost savings owing to the above-average inflation increases proposed by State-owned power utility Eskom over the coming years but also to reduce the company’s carbon footprint.

The company investigated the feasibility of various renewable energy power options for its flagship Elikhulu tailings retreatment plant at Evander Mines.

Elikhulu is one of the world’s largest tailings retreatment facilities and processes 1.2 Mt of historic tailings per month from the three existing slimes dams at Evander.

A solar PV plant solution was found to be the only feasible solution on a site specific, safety and economic basis as it would reduce the company’s production costs, improve its sustainability, and benefit returns to shareholders over the longer term.

Pan African Resources has engaged juwi South Africa for the construction of the proposed 10 MW solar plant, which will provide up to 30% of Elikhulu’s annual power requirements and savings of some 26 000 t of CO2 per year, which is between 3% and 5% of the group’s total annual emissions.

There are plans to increase the size of the solar plant to an estimated 25 MW to allow clean energy feed to the adjacent Egoli project at Evander Mines, which will be South Africa’s newest underground gold mine with a life of mine of 14 years.

Egoli will commence production in three years’ time, and the cost benefits of using solar energy as well as the required capacity will be incorporated into the feasibility study updates to the project.

Further reductions in the group’s emissions will result from the proposed expansion of the plant as well as from similar plants planned at the company’s Barberton Mines operations.

According to Pan African Resources CEO Cobus Loots, the solar plant, which has an expected life of 20 years, will generate electricity at much lower costs (depreciated cost over 20 years estimated at R0.83/kWh) than could be provided by Eskom (with a tariff of R1.03/kWh), and makes this investment compelling from an economic point of view.

“We welcome any initiatives by the government that will enhance our ability to operate and improve our sustainability, without the requirements for a lengthy application and approval process by the Department of Mineral Resources and Energy and associated entities,” says Loots.

The company expects to generate first power in the third quarter of 2021.


hxxps://www.miningreview.com/energy/is-renewable-energy-minings-new-normal/

[hainholz1] 15/4/2021 19:06

fine article

Gavine regards Pan African Resources as an excellent model to emulate: "They’ve got their working costs under control, they’re working on their exploration, they’re looking at opening up another section of Royal Sheba," he said in expressing strong belief that the Aim- and JSE-listed Pan African has immense potential in the greater Sheba/Fairview area.

[cinoib] 15/4/2021 18:35

Well I think it could be on the verge of a nice retrace north as is well under valued so will be having a top up in the morning.

[stonedyou] 15/4/2021 14:42

Ukraine Slams Russia's 'Open' Threats, Vows Firm Response.


Ukraine on Thursday accused Russia of flagrantly threatening it with destruction and warned Moscow that any escalation of fighting would be met with a firm military response.

Tensions have risen once again in the long-simmering conflict in eastern Ukraine, where government forces have battled pro-Russian separatists since 2014.

Kiev and its Western allies this week have sounded the alarm over a huge build-up of Russian military personnel along Ukraine's northern and eastern borders, as well as on the Crimean peninsula annexed by Moscow in 2014.


During a press conference Thursday, Ukraine's Foreign Minister Dmytro Kuleba said rhetoric in Moscow had reached a fever pitch with pundits and officials issuing "dehumanizing" statements aimed at intimidating Kiev.

"They are openly threatening Ukraine with war and the destruction of Ukrainian statehood," Kuleba told reporters at a press conference with counterparts from former Soviet countries Estonia, Latvia and Lithuania.

"The red line of Ukraine is the state border. If Russia crosses the red line, then it will have to suffer," Kuleba added.