Pan African Resources Share Discussion Threads

[divmad] 15/7/2022 19:47

Could today be a key reversal day for the Dxy?

[astjgroom] 15/7/2022 19:24

All goldies are getting hammered. Depends what you believe about long term. I'm happy to sit and wait. I'l never crystallise a loss and I rarely buy at lowest price. Feds starting to tighten, rates are going up and economy has clouds on horizon. Buy when everyone is selling and sell when everyone is buying.

[justiceforthemany] 15/7/2022 16:48

ZAR gold price is most important and is holding up very well.
P/E is far too low here at just 4.5
We all know the market is manipulated and it has its favourites but any one with a brain can see this should be trading at minimum 30p

[plat hunter] 15/7/2022 11:23

That advfn article seems to be having the opposite effect

[stonedyou] 12/7/2022 18:18

Bitcoin Miners Shut as Texas Power Grid Nears Brink.

Almost all large Bitcoin miners have shut down as demand peaks.

Over 1,000 megawatts load is released from mining operations.

By David Pan.

July 11, 2022 at 4:02 PM GMT+1CorrectedJuly 12, 2022 at 11:59 AM GMT+1.

From Crypto.


Nearly all industrial scale Bitcoin miners in Texas have shut off their machines as the companies brace for a heat wave that is expected to push the state’s power grid near its breaking point.

Miners such as Riot Blockchain Inc., Argo Blockchain Plc and Core Scientific Inc., who operate millions of energy-intensive computers to secure the Bitcoin blockchain network and earn rewards in the token, flocked to the Lone Star State thanks to its low energy costs and liberal regulations on crypto mining. The state has become one of the largest crypto-mining hubs by computing power in the world.


“There are over 1,000 megawatts worth of Bitcoin mining load that responded to ERCOTs conservation request by turning off their machines to conserve energy for the grid.” Lee Bratcher, president of Texas Blockchain Council told Bloomberg in an email response. “This represents nearly all industrial scale Bitcoin mining load in Texas and allows for over 1% of total grid capacity to be pushed back onto the grid for retail and commercial use.”

Miners may see a drop in profitability as the heat wave keeps their machines off by sending energy prices soaring and further stressing the state’s power grid. The miners are already struggling to repay debt and raise additional capital with Bitcoin prices in sharp decline. Shares of public miners have tumbled about 75% this year.

[tuscan4] 07/7/2022 19:54

Excellent Edison Research report out today. Looks for 37p as target based on conservative gold price. When gold goes to $2500 this target will rise to much higher levels. Is 50p out of the question over the next 18 months?

[cinoib] 07/7/2022 19:11

blue, someone knows a good thing when they see it then.

[bluemango] 07/7/2022 13:42

Public Investment Corporation of SA increasing again. Now own 10.751%.

[cinoib] 06/7/2022 15:52

The gold is falling, unusual in its self as inflation is high, so out of kilter there, but with the rising $ then the less $'s they get for their gold will still buy the same things but cheaper because the counter currencies collapsing against the $. The market as usual can't see wood for trees and is counting both as losses. Am sure at the end of the day when the cash is converted to Rand then they will be happy.

[astjgroom] 05/7/2022 22:07

Zar is at 16.65 to the dollar, so though good my falling fx is in our favour.

[cinoib] 05/7/2022 11:50

Lovewins, that sounds like me as my timing hasn't been perfect of late, but just think of the juicy dividend that it pays and the fact they promised to increase it substantially this time around and I believe results were announced in late Sep, last year. Inflation at 20% and bank returns near 1%, 8 or 9% return on here is better that nothing.

[lovewinshatelosses] 04/7/2022 17:06

I am inclined to agree, Cinoib, although I am trying to keep some powder dry - and do expect all miners to get sold off before bouncing back - hence my reticence to buy right now. Not that I seem to be able to time a boiled egg at the moment!

[cinoib] 04/7/2022 14:26

Lovewins, Best medium gold miner on the market just now, so if you think gold will surge, lie we all do. Then I would be in for some more, but cash strapped just now

[lovewinshatelosses] 01/7/2022 14:40

Coronation reducing further maybe? Am very tempted to take a few at this price...

[justiceforthemany] 01/7/2022 14:28

No reason for sell off today whatsoever.
Gold is surging right now.

[justiceforthemany] 01/7/2022 10:27

Continues to trade at a very low P/E of just FIVE with growth to come. Solar plant means issues at Eskom not as important to PAF.

[plat hunter] 01/7/2022 09:07

Easy come, easy go

[astjgroom] 30/6/2022 20:11

That's what we are all waiting for!

[cinoib] 30/6/2022 16:50

Well, someone liked the news a nice 2.8 mill buy after hours at a premium.

[cinoib] 30/6/2022 11:40

Very nice RNS today will do very nicely thank you. All that at an estimated $1750 gold price, makes it look even better if we ever put pay to these dam shorters. As one of these days they will have to put the bill or buy it all back. I read somewhere, that there is 400 times as much gold on short sell as there is gold on the planet. Someone is going to have to print an awfull lot of doe to keep those positions open or close them, if they do close, then gold will spike up very quick. That day must come.

[stonedyou] 28/6/2022 16:27

Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency.


Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin said.

The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.

The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.


Russia is ready to develop a new global reserve currency alongside China and other BRICS nations, in a potential challenge to the dominance of the US dollar.

President Vladimir Putin signaled the new reserve currency would be based on a basket of currencies from the group's members: Brazil, Russia, India, China, and South Africa.

"The matter of creating the international reserve currency based on the basket of currencies of our countries is under review," Putin told the BRICS Business Forum on Wednesday, according to a TASS report. "We are ready to openly work with all fair partners."

The dollar has long been seen as the world's reserve currency, but its dominance in share of international currency reserves is waning. Central banks are looking to diversify their holdings into currencies like the yuan, as well as into non-traditional areas like the the Swedish krona and the South Korean won, according to the International Monetary Fund.

"This is a move to address the perceived US-hegemony of the IMF," ING's global head of markets Chris Turner said in a note. "It will allow BRICS to build their own sphere of influence and unit of currency within that sphere."

Russia's move comes after Western sanctions imposed over the Ukraine war all but cut the country out of the global financial system, curtailing access to its dollars and putting pressure on its economy.

"The speed with which western nations and its allies sanctioned Russian FX reserves (freezing around half) no doubt shocked Russian authorities," ING's Turner said.

"The Central Bank of Russia effectively admitted as much, and no doubt some BRICS nations — especially China — took notice of the speed and stealth at which the US Treasury moved," he added.