Pan African Resources Share Discussion Threads

[justiceforthemany] 01/9/2023 07:31

Old news, you are way off. Which rock have you crawled out from?

[blue59] 31/8/2023 13:24

Talk of 16hrs a day blackouts.

[justiceforthemany] 17/8/2023 18:17

Will keep adding as it drops.
Sorry but a P/E of 2 for a mid tier gold company with no debt is truly insane, even for the corrupt short seller infested FYSE.

[justiceforthemany] 16/8/2023 20:06

People are forgetting the importance of the RAND/ZAR gold price not just USD.
Rand gold price is up more than 20% year on year.

[stonedyou] 14/8/2023 16:13

Sheen is back for India's gold trade ahead of festive season.


Synopsis
Gold demand is picking up in India. The country’s big retail jewellers said that with the festival and wedding season approaching, consumers have started purchases to gain from the nearly 6.5% drop in prices from the June quarter. Experts’ views that gold prices in India may not drop significantly now have also aided this increase in demand.


Gold demand is picking up in India. The country’s big retail jewellers said that with the festival and wedding season approaching, consumers have started purchases to gain from the nearly 6.5% drop in prices from the June quarter.

After hovering around Rs 63,000/10 gm in the period April 15 till the end of June, the price of gold in India has dropped to below Rs 59,000/10 gm since the beginning of this month, pushing up demand in the world’s largest consumer of the yellow metal.

[ameliorator] 12/8/2023 10:37

strong buy at this level

[shaikan not stirred] 11/8/2023 17:15

GET IN THERE, GREAT DAY

[justiceforthemany] 10/8/2023 21:39

Been here since 2011. CEO has called me from SA which is nice.
Small steps first. 20p+
Gold should do well in a slowing economy and as rate hikes end.

[cinoib] 09/8/2023 15:58

Well after reading the news, am having difficulty wondering why we are so low as would expect at least 820p on a statement like that.

[lovewinshatelosses] 08/8/2023 17:49

Big fan of this company. Have said it repeatedly. I agree it is priced cheaply. Is the risk fully in the price already? Perhaps. More importantly, if those macro issues become resolved, IMO this will rocket. And I will be absolutely delighted to rejoin as a shareholder here, even though the price at such a point would be well above 13's. Been burned on gambling with a stock whose only draw back was its location of assets (not even 100% of their assets). Fool me once etc.
But those who feel differently...if the positive scenario comes to pass, you will do very well IMO. And like I said, I will be a happy holder once again, even though my amount of profit will be lower than yours. GLA.

[justiceforthemany] 08/8/2023 17:13

We are now into the 2's in terms of forward P/E. Enough said.

[lovewinshatelosses] 08/8/2023 12:34

IMO, it is the geopolitics primarily in this case.
BRICS v West de-globalisation risk theory etc.
That gets resolved, and SA keeps out the more lunatic fringe of political leadership contenders in 2024, and this will likely be a great option again, even at a much higher price than today, IMO.
Not much that the fantastic management team here can do about that stuff, sadly. Hopefully it will pan out positively. GLA.

[justiceforthemany] 07/8/2023 21:58

10x P/E gives a share price of c. 40p, rising to a maximum of 50p with gold at $2,000.
Absolutely scandalous that yet another FTSE share is criminally undervalued, one that should be recession proof and supposedly in a defensive sector.
Yes the market, especially the FTSE is crooked ++

[jbarcroftr] 07/8/2023 18:25

What is the dividend Iikley to be?

[justiceforthemany] 07/8/2023 17:53

Based on the figures given today and 1.916 billion shares in issue & on a $1900 gold price I am getting an adjusted EPS (before exceptionals) for the year ended 30th June of approximately 3.9p
Given the issues they had with Eskom and the fatality that seems like an excellent result and puts shares on a P/E of just 3.5.
[Forward EPS for the current year ending June 2024 could hit 4.5p which puts shares at just 3x earnings which is plain stupid IMO. If gold stays near $2,000 I get 5p EPS]

Any of you get a different EPS?

[justiceforthemany] 03/8/2023 11:51

In rand terms gold price is up 20% year on year.
Forward EPS could hit 4.8c again giving a current P/E of just 3.8 (!)

[justiceforthemany] 03/8/2023 11:45

Topped up below 14p
Trading once again at a discount here on the FTSE

[cinoib] 01/8/2023 12:33

Looks like things progressing much quicker as minitails will be 1 year in advance.