Pan African Resources Share Discussion Threads

[plat hunter] 26/5/2023 09:52

Another top pick for top clowns cinoib and tiger ha ha ha...

Well done guys

[lovewinshatelosses] 26/5/2023 09:09

So, it was not simply the geopolitics that was acting as a drag on the SP! I think the management here will get things back on track...but I want to see how things play out in the next couple of trading days before potentially retaking a small position (and even then, only in the trading account, because what caused me fear here in the first place has not changed). Some substantial inside buys today may lead me to act sooner.

[astjgroom] 26/5/2023 08:53

Buying opportunity, but not just yet...

[justiceforthemany] 26/5/2023 08:08

So once again we find out how rogue the stock market is. Leaky ship +++
Insiders have known about this for weeks hence the sell off despite record highs.
FCA are bar stewards.

[tigerbythetail] 26/5/2023 07:46

That's a lot of bad news packed into one RNS - a fatality, all kinds of production problems, ESKOM woes, reduced guidance, increased AISC, and even suspension of the exploration in Sudan.
And yet, for all that, I'd still say that PAF is a well-managed company. It's just that mining is hard!
Any road, the market won't like this RNS.

[lovewinshatelosses] 25/5/2023 15:53

Sorry to hear that mate. You know the saying, it never rains but it pours. IMO it will get worse in the markets before it gets better, but 'they' have managed to keep the game alive for far longer than I imagined possible, so I could continue to be wrong in my macro outlook. Did not like our PMs China comments earlier today. Not content with involving the UK in the current proxy war, the politicians seem to want to widen the net of conflict! Ah well, what will be will be. That sounds great. Save some for me :)

[cinoib] 25/5/2023 12:45

lOvEWIN,No, not going well at all. Is the worst spell have had since 2008 when the banks crashed, but recovered well in 009. I think my about to be ex is giving me a lot of bad luck just now as can't think what else is making me make such bad mistakes. Hope to be rid of her soon.
Well when it's ready you'll have to pop over and help me empty a couple of bottles.

[lovewinshatelosses] 24/5/2023 21:16

That sounds beautiful mate. A fantastic commodity and a real asset. I am jealous!
I think this is an accumulation opportunity for gold stocks, but I remain nervous about the geopolitics here (SA), so not tempted to buy back into PAF yet. Absolutely everything else about the company is wonderful IMO and I could of course be overthinking the SA risk profile. Hope your other holdings are going well. Be careful in this market regardless. GLA.

[blue59] 24/5/2023 14:06

PS There goes the SP!

[blue59] 24/5/2023 13:25

I've got too nervous about all things SA and dumped everything related this morning. Good luck all (esp Cinolb, good luck with your first vintage!).

[cinoib] 24/5/2023 10:19

Lovewin, I prefer white and I get the grapes for free to make it. This yer my own vines are very heavy with their first crop since I arrived as was all bush, so much pruning to do as vines were 30 feet long so hammered them for a couple of years and now I have a crop, but what colour, well will have to wait untill early Sep, to find out. Seems like we have found bottom for gold just now. So lets hop a quick recovery back over the $2,000 mark from here as $3,500 is where we should be without all this manipulating and cheating going on to keep the worthless $ up.

[justiceforthemany] 19/5/2023 22:36

Gold price in ZAR up close to 40,000
Up 10% this month
Up 30% YTD
Yet manipulators only care about Eskom...if impacting production the company and Hethen Hira at Investor Relations need to tell us the stakeholders!

[blue59] 18/5/2023 08:56

jftm - You can analyse the facts and figures all you like but the fall comes down to one thing, and one thing only.... I bought in!

[justiceforthemany] 17/5/2023 18:13

So the forward P/E back down to FOUR but this market does not care does it?
ZAR gold at record highs, solar plant now contributing 30% energy needs, Mintails to add revenue and profit but again this market seemingly does not care.

[justiceforthemany] 14/5/2023 23:06

Make that closer to 19p at FX now.
1p differential/5%

[justiceforthemany] 12/5/2023 21:26

See below, current share price should be far higher.

Coupled with a strengthening dollar gold price, the price received for South African miners has increased 26% in the past 12 months. The rand gold price is currently at a shade under R1.2m per kilogram.

Shares in DRDGold, which processes gold from surface deposition sites, were trading at R24.14 per share – its highest level in two-and-a-half years. Harmony Gold also traded up to a fresh 12 month high of R99.74/share valuing the company at R61.7bn – an increase of 75% over the period.

[justiceforthemany] 12/5/2023 21:25

Finished flat in SA actually, big intra day recovery.
Based on exchange rates this should have closed at 18.60p so short changed on the LSE once again.

[jbravo2] 12/5/2023 16:44

Some very illuminating chat here.
Love it.

:D

[blue59] 12/5/2023 15:23

“Why is the share price down?”
Exchange controls, endenmic corruption, arms shipments , take your pick.

[johnrxx99] 12/5/2023 08:57

Which ones?

[justiceforthemany] 12/5/2023 07:40

Lower Rand = higher margins for PAF
Why is the share price down?
Other SA listed gold miners soaring.

[lovewinshatelosses] 11/5/2023 20:04

Spot on, Cinoib. A challenging few years ahead, to say the least. Just read the comments of that US ambassador. Just what is needed. Another rattle of the sabre. More tensions and potential risk in SA than was already the case. Time for a glass of red I think. The world needs to make more wine and less war :)

[lovewinshatelosses] 11/5/2023 14:46

Sorry to hear that mate. IMO, having only just started to look into/follow that company a little bit since yesterday, the BOD needs to buy a big chunk of shares ASAP to show the market their words are worth listening to, insofar as no fund raise requirements and on track later this year etc. Dreadful time for raising capital and it seems like the market does not believe them. They better hurry up if they are going to, or the bleed will likely continue, IMO.
Took a big hit myself the other day on one of my holdings where geopolitics, rather than company or BOD failure, was the reason for the potentially terminal decline (for western shareholders anyway). Wiped out a significant amount of profit gained elsewhere. Them's the breaks, as they say. Sadly, I do not think we are going to get another pro business, small state, individual responsibility type of leader like Maggie again for many years in the UK, if ever. Hopefully at least one political party will pledge never to adopt a central bank digital currency. I may then have a political home again, for the first time in a number of years. CBDC's are high up my list of things to be scared about!