Pan African Resources Share Discussion Threads

[lovewinshatelosses] 13/2/2023 16:21

A conventional bank loan or a non-discounted placing if needed. This is an established and profitable outfit, not one of the tin pot AIM outfits, so I would be disappointed if it turned out otherwise.

[justiceforthemany] 13/2/2023 16:13

Mintails will get EPS to 4p+ but how is that going to be funded? Is this drop due to an imminent placing? What do people think.
Valuation is super cheap now.

[lovewinshatelosses] 13/2/2023 13:57

Agree. I like this company, and to date have been impressed with the BOD. Some substantial inside purchases when allowed would underpin this hitherto justified faith and IMO reduce the risk/impact of further lows in the share price

[johnbull1] 13/2/2023 13:44

It's pretty frustrating where the share price is given the gold price in rand they're getting at all time high. Makes sense that EPS would be down 40% given the fall in production (and probably high costs at Barberton >$1700 due to Consort?) What's key is for the company is what it can do to costs going forward? And how bad will the load-shedding affect them? Can Elikulu be brought back under 1000 with better recoveries at Leslie Bracken? Can Evander stay in 1000-1200 range? Can extended BTRP be held at 1000? Can Mintails be brought in at 1000? Can Barberton be reduced to 1300 under Fulco? If so, the stock is on <4x PE with a growth profile. I would hope management buys stock on the 15th.

[lovewinshatelosses] 11/2/2023 11:44

I hear you, Cinoib. This is the type of market where buy and hold will simply not work for the majority of stocks, IMO. Glad I traded this one a few times along the way since 2020, while maintaining a small core holding since mid last year (if memory serves correct). Would have also made considerably more profits doing the same over at FRES, which I have held for a few years more. Only started laddering in and out of that one around mid 2020. 'Diamond hands' before then.
If I had simply bought and held PAF from 2020, around 15p I think roughly my first buy was, good profits would have evaporated to pretty much zero at the time of print. Of course, I may regret keeping the small holding I currently have and which I have added to recently, but the strategy so far has served me well. Would love to have been here around the 2p mark, but doubt I would have kept many back once the magical ten bagger had been achieved. No way would I have been able to sit fully on my hands until that level was reached either :)
Anyway, hope to see you back here soon mate.

[cinoib] 10/2/2023 17:02

Lovewin, I always keep my eye on it as been here from 2001/2 at 2p so have seen all the ups and downs. Just now it has a problem to solve and am sure he will sort it, but I need to make money to supplement my poor pension so can't afford to sit to long, but no doubt I will be back at some point in time. All depend how many more thousand million the fed gives the banks to short gold to death to keep a worthless $ high. If ever they get found out what they are doing, all hell will break loose and the gold price will quadruple overnight.

[justiceforthemany] 10/2/2023 16:32

ZAR gold price is what matters most according to Cobus and that is up significantly year on year to the tune of 30%+

[lovewinshatelosses] 10/2/2023 14:08

Yeah, it is OK as things stand. Still a fairly relaxed holder here. GLA.

[tigerbythetail] 10/2/2023 13:20

RNS out - not a great half (as already known), but if production recovers in second half (as guided), and if the gold price stays where it is (or goes higher), then this is very much a buy.
GLA in catching the very bottom of the inevitable dip.

[justiceforthemany] 10/2/2023 12:43

You will rarely catch the absolute bottom.

[justiceforthemany] 10/2/2023 12:42

I maintain 5x earnings is far too cheap especially for a 'defensive' gold miner. Should be double this. State of emergency last night from the President should improve the energy situation also.

[lovewinshatelosses] 10/2/2023 09:25

Looks like your timing was good here, cinoib. IMO the share price is reacting to the energy supply issues in SA that continue to cause issues across the nation. Hopefully it will not be too long lasting, but subject to the obvious caveats, I am happy to hold this one for the long term and average down here and there, although now a new year low has printed, I am trying to work out where the next point of potential support might be. Any technical chartists on this board? Opinions would be welcome. FWIW (which is not much!) I was thinking perhaps around the 14.50p mark or so.

[justiceforthemany] 09/2/2023 16:56

Added some.
At 52 week lows now hopefully some support around 15.8-15.9p

[stonedyou] 07/2/2023 23:20

Major crypto exchange to suspend US dollar transfers.

Binance will “temporarily&#8221; halt transactions in the currency, without providing a reason for the move.


The world’s largest cryptocurrency exchange by trading volume, Binance, has announced it will suspend US dollar deposits and withdrawals, starting on Wednesday.

“We are temporarily suspending USD bank transfers as of February 8. Affected customers are being notified directly,” a Binance spokesperson told reporters on Monday. The company did not explain the decision, but said it was “working hard to restart service as soon as possible.”

According to the statement, just “0.01% of [Binance’s] monthly active users leverage USD bank transfers.”

“In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace,” the spokesperson clarified.

According to data from Arkham Intelligence, the news prompted a surge in outflows of dollar-pegged stablecoins from Binance’s crypto wallets. However, data from DefiLlama showed that the exchange’s net US dollar outflow on Monday amounted to only $172 million, while Binance’s overall crypto assets are worth about $42.2 billion. The Binance spokesperson noted that the platform is “still overwhelmingly net-positive on net deposits.”

READ MORE: Investors dumping crypto in record numbers after FTX collapse – data
Meanwhile, Binance’s US unit said in a tweet that it will not be affected by the measure. Given that the main Binance exchange does not serve American users, the move will apply only to non-US customers who chose to transfer money in US currency.

[astjgroom] 06/2/2023 21:57

He's emailed me a couple of times too. There again so did the Firestone diamonds director and that ended very badly...?

[justiceforthemany] 06/2/2023 16:43

Cobus really cares about PAF and its shareholders. He has called me over the years - just a private investor - all the way from SA more than once. How many CEO's do that?

[lovewinshatelosses] 04/2/2023 14:04

Keep a close eye on this one, Cinoib. I think you may regret your decision, but it is unlikely to be one that races away into the distance if you do decide to return. IMO gold and silver are not going to be a failing asset class throughout 2023. They probably will get sold off with everything else, should some sanity return to the indices, but IMO they will recover fast. Whatever you decide, try and keep back plenty of dry powder is my advice. Good luck with your future investments.

[cinoib] 03/2/2023 18:30

Well am true to my word. Sold out yesterday and gold fell of a cliff today doesn't help. Will trade some quality stuff for the next 12 months as the ftse rises and rise it will. Is already at a new high, only taken 23 years as was 7,700 in Feb 2000.

[justiceforthemany] 02/2/2023 18:31

JSE should dicate price on LSE but again LSE price is off by 0.5p based on exchange rates. Should be 17p GBP

[astjgroom] 02/2/2023 18:00

Should have kept stum.

[astjgroom] 02/2/2023 13:58

Last time PAF was making this much money it was August 20. Share price has lots of room to improve

[cinoib] 01/2/2023 20:49

Gold smashes 1950. If this goes down tomorrow will dump it..

[justiceforthemany] 01/2/2023 16:37

LSE price is 0.5p less than it should be based on close on JSE.