Pan African Resources Share Discussion Threads

[lovewinshatelosses] 06/4/2023 11:19

Bad luck, mate. Second worst financial decision you could have made...after the crippling expense of having kids :) If you are going to marry again, make sure she is much richer than you and equally important...no prenup :) That will be my plan B, if ever needed :)
In the meantime, hopefully PAF will continue to be a kind mistress to us both...

[cinoib] 06/4/2023 10:15

Lovewin, well I did say If,. Last time we were around this level I took some profit as well, but we were at 30p if I remember correctly. Like you I don't have deep pockets like some on these boards say they have. So I have to trade a few to keep the wolf at bay. I had a moderate amount some years back, but divorce eat most of that so had to start again and now in the same bloody boat with the current wife, as she seems to think she can dump her new man and go finish her career and worries more about her pension than her husband so told her not to bother coming back and I'll find a new wife that I can trust.

[lovewinshatelosses] 05/4/2023 19:52

Some might say that if we did not live in a world of market manipulation (where penalties, certainly in the paper PM space, appear to be more a cost of doing business, rather than prohibitive) then you would probably indeed be correct, Cinoib. I do not have deep enough pockets to proffer an opinion either way of course :)

[cinoib] 05/4/2023 19:23

Lovewin, if we keep getting these upward bursts on gold then you might be waiting a while. As now we seem to have broken the 2,000 barrier we should keep going north.

[lovewinshatelosses] 05/4/2023 14:10

I have sliced a few. Not convinced we are going to blast through the 200 DMA on this occasion, but I can see a retrace happening, which might even revisit the 50. Ready to repurchase around 16p ish and below, if it happens. GLA.

[astjgroom] 04/4/2023 12:56

On the 2.04.19 I had GP at $1287 and zar vs dollar at 14.23. PAF was 9p...Looks like everything's moved a long way, GP 35%, zar vs dollar 20% and share price by 46%.

[cinoib] 03/4/2023 19:13

Well, someone bought a nice shunk in S.A. so how many that equates to on London market I have no idea as never check S. African market, but I know its quite a few more.. So price up tomorrow and and a higher gold price to boot.

[stonedyou] 31/3/2023 10:27

Xi Jinping Says He Is Preparing China for War.



Chinese leader Xi Jinping says he is preparing for war. At the annual meeting of China’s parliament and its top political advisory body in March, Xi wove the theme of war readiness through four separate speeches, in one instance telling his generals to “dare to fight.” His government also announced a 7.2 percent increase in China’s defense budget, which has doubled over the last decade, as well as plans to make the country less dependent on foreign grain imports. And in recent months, Beijing has unveiled new military readiness laws, new air-raid shelters in cities across the strait from

[lovewinshatelosses] 31/3/2023 09:42

I already have a few tools that I use for various indicators/trades etc. Am too cheap to buy anything else :)

[stonedyou] 31/3/2023 07:33

31 March 2023

31 March 2023

Shanta Gold Limited

("Shanta Gold" or the "Company")

First Gold Pour at Singida Gold Mine

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer, and explorer, is pleased to announce the first gold pour at the Singida Gold Mine ("Singida") in Central Tanzania on March 30(th) 2023, on schedule and on budget.

Eric Zurrin, Chief Executive Officer, commented:

"This is a significant milestone and inflection point for Shanta Gold, one that marks our next phase of growth as a 100,000 oz per year gold producer. With first production at Singida completed, the mine will add 45-50% to the Group's annual production profile. We are now positioned to capitalise on our full growth potential, armed with a diversified resource base, a de-risked balance sheet, and financial flexibility.

Today's announcement is also an important milestone for the Ikungi region of Central Tanzania. We have invested in the project to ensure it delivers sustained and long-term benefits to the local community and the wider Tanzanian economy. Through increased local employment and subsequent economic activity, as well as our investment in initiatives focused on improving health, water, and education services, Singida has already started to transform the social and economic potential of the region.

Importantly, the project was delivered on time and on budget, a testament to our dedicated project management team. Despite global inflationary cost pressures, no material capital cost inflation was incurred in the construction costs. This was a direct result of the excellent supervision, advanced planning, and overall flexibility from the Singida team in Tanzania.

Looking ahead, Singida is transitioning from a cost centre to a cash generator. As our focus turns to mine life extension, we are confident that we will unlock further long-term value for our shareholders."

Singida Project Highlights:

-- First gold pour of 35 ounces was successfully conducted at Singida on March 30(th) 2023;

-- Approximately 500 ounces currently in the CIL and gravity circuit as the processing plant is ramping up;

-- The Singida mine will employ around 270 Tanzanian nationals as permanent staff;

-- The introduction of the Singida mine to the Ikungi district has already seen Shanta invest substantially in health, water and education services for the local community; and

-- The Singida 2023 guidance and 5-year mine plan is expected to be communicated in Q2 2023.

[cinoib] 30/3/2023 19:10

Lovewin, if you like to trade a little why don't yo take out a premium account then you can cash in on the inter day moves. Costs about £4 a week

[lovewinshatelosses] 30/3/2023 13:45

Fear is a sensible emotion. Watching significant paper profits evaporate by not taking profits when you did would likely have felt worse. I assume this is what would have happened if you had simply HODL'd that one all the way back down to now? Better still, ladder some in and ladder some out, perhaps. This is what I try and do with a few of my stocks now, rather than all in, all out. As long as you are winning more than you lose though...you are winning mate! A farm is a real golden ticket though. A proper asset. Not like the paper equities that we play with :)
FWIW, as much as I am enjoying this small market rally, I have been taking profits here and there the past couple of days. Calm before the next storm IMO. Ideally a few more weeks away at least, so I can further grow the cash pile with more slices etc. But ready to roll with it when it comes. Maybe it never will, of course :) VIX back below 20. Lol. GLA.

[cinoib] 30/3/2023 12:48

Lovewin, let's hope it keeps moving north now that the market appears to be settling down as have a large bet on Asc just now and hope it performs 1/2 as good as it did last time around as bought new car for cash last time I was in it. Unfortunately if had held my nerve could have bought a much bigger farm as well , but got to nervous the way it kept going up and sold out long before it reached £75 a share. The 60,000 shares I was holding would have been worth more money than I have ever seen. Fear and greed took control am afraid. Will try to hold my nerve a little longer this time around.

[lovewinshatelosses] 30/3/2023 11:56

Good to have you back here, Cinoib. Hopefully we will test the 200 DMA fairly soon and then all being well, push on towards 20p or so...but it never pays to look too far ahead in the markets of course, so not taking anything for granted! GLA.

[astjgroom] 30/3/2023 11:11

Nice little dip that was to pick up a few extra. Getting back to the norm with great potential

[cinoib] 30/3/2023 10:49

Looks like I got my timing right for once as in the blue already. Normally it goes down when I buy and takes several days to get back to my entry price. Time I had some good luck as been lacking too much lately.

[cinoib] 28/3/2023 19:47

Just missed getting back in today as market closed whilst calling my broker, but it looks safe to try again now as the worst seems to be past and gold is consolidating. So hopefully we will hold $2,000 when we pass it again.

[justiceforthemany] 27/3/2023 16:51

Stupid UT once again slices half a penny off at the close. JSE closed flat. Large discrepancy in closing prices - again!

[astjgroom] 24/3/2023 10:01

Prices are ridiculous given GP and FX rate for zar

[stonedyou] 23/3/2023 19:56

Bitcoin has ‘no future’ – Russian finance official.

The top cryptocurrency is not a reliable tool for investment due to its volatility, Anatoly Aksakov claims.

The cryptocurrency market is extremely unpredictable and cannot be viewed as an alternative to traditional financial services at a time of global uncertainty, according to the head of the Russian State Duma Financial Market Committee.

Anatoly Aksakov told the Parliamentary Newspaper on Wednesday that for Russians it is better to invest in the country’s digital financial assets (DFAs). The issuance of DFAs will be accelerated this year, the lawmaker noted.

“I am rather wary of bitcoins. The price of the crypto has now risen again due to instability on the American financial market amid concerns of a possible crisis. Of course, when such signs occur, investors are looking for alternative assets where they can invest money. Obviously, bitcoin seems attractive to them,” he argued.

Aksakov, however, stressed that the price of bitcoin is highly volatile, with investors risking major losses.

“The cryptocurrency market today is extremely unpredictable, and, in my opinion, bitcoin has no future. Therefore, I would not advise investing in it, but would keep money in Russian digital assets that are starting to appear on the market. This year, we expect a serious promotion of the issuance of digital assets, secured, among other things, by natural resources and the potential of companies,” he explained.

DFAs, like cryptocurrencies, are based on blockchain technology. However, unlike the crypto, operations with them are centrally managed. In Russia, DFA issuance is regulated by the Central Bank, with companies required to register as information system operators.



A total of 2 billion rubles (over $26 million) worth of DFAs have been issued in Russia in the past year, according to the general director of the tokenization service Atomyze, Ekaterina Frolovicheva. The law on DFAs, regulating their issuance and use in Russia, took effect in January 2021.

[johnbull1] 21/3/2023 18:14

Agree teh stock doesnt seem to have noticed the rand gold chart. I guess Eskom risk is weighing. The sooner the company can wean itself off Eskom the better.

The company is spending the most its ever spent on new projects so seemingly confident. So I'd have thought therefore a big fall in the share price while the rand gold price went up would have caused insiders to buy. So why not?