Pan African Resources Share Discussion Threads

[justiceforthemany] 16/11/2023 17:32

4.5p EPS = P/E of just THREE
Scandalous.

[justiceforthemany] 15/11/2023 16:37

Closed down vs JSE equivalent price yet again.

[justiceforthemany] 14/11/2023 13:41

Gold soaring again.
US CPI flat.

[justiceforthemany] 13/11/2023 17:23

If you're a shareholder here and want the share price to rise then email Investor Relations because the share price consistently closes at a lower price than the JSE in SA. There is blatant manipulation going on here keeping the share price suppressed.

Why is PAF trading at just 3-4x P/E?

Email
[e-mail]

[stonedyou] 31/10/2023 08:01

Salient dates relevant to the AGM

+--------------------------------------------------------+---------------------+
| |2023 |
+--------------------------------------------------------+---------------------+
|The record date for the purpose of determining which |Friday, 20 October |
|shareholders are entitled to receive the convening | |
|notice of the AGM | |
+--------------------------------------------------------+---------------------+
|Last day to trade in the Company's shares in order to be|Tuesday, 14 November |
|recorded as a shareholder on the Company's South African| |
|register by the voting record date | |
+--------------------------------------------------------+---------------------+
|The record date to determine which shareholders on the |Friday, 17 November |
|Company's South African register are entitled to | |
|participate in and vote at the AGM (by close of | |
|business) | |
+--------------------------------------------------------+---------------------+
|Proxy instructions to be received by the Company's South|Tuesday, 21 November |
|African Transfer Secretaries or United Kingdom | |
|Registrars by no later than 11:00 am | |
+--------------------------------------------------------+---------------------+
|AGM |Thursday, 23 November|
+--------------------------------------------------------+---------------------+
|Results of AGM released on SENS/RNS on or about |Thursday, 23 November|
+--------------------------------------------------------+---------------------+

Johannesburg

31 October 2023

For further information on Pan African, please visit the Company's website at

www.panafricanresources.com

[stonedyou] 31/10/2023 08:00

("Pan
African" or
the "Company"
or the
"Group")

NOTICE OF ANNUAL GENERAL MEETING

Notice of annual general meeting

Notice is hereby given that the 2023 annual general meeting (AGM) of Pan African
will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B
5DG on Thursday, 23November 2023 at 11:00 (all references to time in this notice
is United Kingdom time (GMT+00.00), unless otherwise stated).

Shareholders are advised that the notice of AGM, including the abridged annual
financial statements for the year ended 30 June 2023, will be distributed to
shareholders on Tuesday, 31 October 2023.

Shareholders are advised that the Company's Integrated Annual Report, audited
annual financial statements and notice of AGM for the year ended 30 June 2023
are available at:

[af004] 30/10/2023 14:10

Good to see directors buying.

[stonedyou] 26/10/2023 11:59

Jewelry market in India to grow by USD 21.54 between 2022 and 2027- Technavio.


NEW YORK, Oct. 26, 2023 /PRNewswire/ -- The jewelry market in India is set to grow by USD 21.54 billion between 2022 and 2027 and register a CAGR of 5.54%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. View Sample Report


Factors such as the cultural significance of jewelry, rising disposable income, and technological advancements will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The jewelry market in India is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Jewelry Market in India 2023-2027: Segmentation

Type
Gold
Diamond
Others
Distribution Channel
Specialist Retailers
Online
The market growth in the gold segment will be significant during the forecast period. The rising income levels of consumers have increased the demand for gold jewelry in India. Despite the development of alternative materials and designs, gold jewelry is still worn on special occasions and is a preferred investment option in India. As a result of these factors, the segment will witness maximum growth over the forecast period.

The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market, download a sample report

Jewelry Market in India 2023-2027: Vendor Analysis and Scope

The jewelry market in India is fragmented. The market comprises several international and regional vendors that have a wide geographical reach, market penetration, end-user segments, and product segments. International players are consistently focused on expanding their footprint in the market. Thus, regional players are finding it increasingly difficult to compete with larger players based on quality, pricing, market reach, and financial resources. The competitive environment in this market will intensify further with an increase in product/service extensions and product innovations. Some of the key vendors covered in the report include:

ALANKEET CREATIONS LLP - The company offers jewelry such as necklaces, earrings, and rings.

Bhima And Bullion Pvt. Ltd. - The company offers jewelry such as gold, diamond, and silver.

Derewala Industries Ltd. - The company offers jewelry such as gold and silver.
Hari Krishna Exports Pvt. Ltd. - The company offers jewelry under the brand Kisna real diamond and gold jewels.

Dwarka Jewel

DWS Jewellery Pvt. Ltd.

Gurukrupa Gems

Joyalukkas India Ltd.

Kalyan Jewellers India Ltd.

Kanhai Jewels

Malabar Gold and Diamonds

Nsb Jewellery

PC Jeweller Ltd.

Rajesh Exports Ltd.

Titan Co. Ltd.

Why Buy?

Add credibility to strategy
Analyzes competitor's offerings
Get a holistic view of the market


row your profit margin with Technavio - Buy the Report

The report also covers the following areas:

Jewelry Market Size in India
Jewelry Market Trends in India
Jewelry Market Analysis in India
Jewelry Market in India 2023-2027: Key Highlights

Driver – The market is driven by the cultural significance of jewelry. India is the second largest importer of gold globally. Jewelry made of gold is considered a symbol of prosperity and wealth in India. This has increased its cultural significance, especially during events and celebrations such as marriages, festivals, and various other auspicious occasions. The Indian wedding industry is worth USD 50 billion, with jewelry making up an important percentage of this total value. In addition, festivals such as Diwali, Dussehra, and Akshaya Tritiya are regarded as auspicious occasions to buy gold, which leads to a surge in demand as well as the prices of gold during such events. Many such factors are leading to a continuous demand for jewelry in India, thereby driving market growth.
Trend – The rise in online sales is identified as the key trend in the market. Factors such as convenience and the ability to choose from a wide selection of merchandise have increased consumer inclination toward online shopping. This has encouraged vendors operating in the market to take their business online and drive more sales. In addition, the competitive pricing provided on jewelry on e-commerce platforms enable customers to compare prices and make wise decisions. This is leading to increased sales of jewelry online in the market. For instance, Tanishq, one of the leading jewelry brands in India, reported a 106% increase in online sales in 2020. The online channel represented 13% of the overall sales of the company in 2020. This trend is expected to positively influence the market growth over the forecast period.
Challenge – The high price of gold is challenging the growth of the market. Gold is an important component of Indian Jewelry. However, the sales of gold jewelry are declining as a result of the difficulty faced by jewelers in maintaining competitive pricing caused by continuous fluctuations in prices. In addition, the high cost of gold has changed the buying habits of customers. They are increasing their preference for lightweight and more reasonably priced jewelry, which is affecting the sales of conventional gold jewelry. Such challenges reduce the growth potential of the market during the forecast period.

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[astjgroom] 20/10/2023 10:09

Will we touch $2000 today? Unfortunately it's happening over such concerns and thousands of innocent people being needlessly slaughtered.

[justiceforthemany] 18/10/2023 12:33

Gold up to $1950. At these levels EPS should hit 4.5p; P/E just over 3.

[bc789] 17/10/2023 15:38

Chart looking strong all the way to 20p if we can get past 16.

[justiceforthemany] 13/10/2023 14:42

Gold price is surging, flight to safety.
PAF far too cheap.

[stonedyou] 03/10/2023 11:28

UAE: Big fat Indian weddings drive gold jewellery demand in Dubai.

Emirate is emerging as dream wedding destination due to ultra-luxurious hotels and venues, world-class expertise in hosting events, sights and attractions.


by Waheed Abbas

Published: Mon 2 Oct 2023, 6:00 AM

Last updated: Mon 2 Oct 2023, 11:04 PM

Weddings, especially big fat Indian ones, are driving massive demand for gold and jewellery in the UAE as gatherings and celebrations are on a much larger scale than during the pandemic period.

Jewellers in Dubai said the drop in gold prices, which have come down to nearly 7-month lows recently, as well as recovery in seasonal demand are helping boost demand for jewellery in Dubai by around 20-30 per cent in September as compared to the previous month.

In the UAE, the 24K variant of the yellow metal closed the week at Dh233.75, 22K at Dh207.25, 21K at Dh200.75 and 18K at Dh172 per gram on Friday.

The UAE (especially Dubai) has been emerging as a major wedding destination, as tourism authorities are promoting the emirate as a dream wedding destination for its ultra-luxurious hotels and venues, world-class expertise in hosting such events and plenty of sights and attractions for new couples and attendees.


The UAE has recently seen some large-scale South Asian weddings taking place, including that of a relative of the LuLu Group family. Dubai will see another big fat Indian wedding in the coming weeks (thrown by the family behind the famous jewellery group Popley), which will be celebrated in the sky with 300 people onboard an aircraft.

Arjun Dhanak, director of Kanz Jewels, said a lot of marriages are happening in the UAE as the country is emerging as a major wedding destination.

“Weddings are getting bigger and crazy. The general perception is that people are moving to lighter weight and more minimalist jewellery. I don’t think that is the case. As weddings get bigger, people want bigger and crazier jewellery,” said Dhanak.

“From Mehndi to all the way to reception, jewellery plays a big part. During Covid-19, people were more interested in having closed-knit weddings where they didn’t require that kind of jewellery. But that is not the case anymore,” he added.

As the season demand picks up, Dhanak revealed that there was up to 30 per cent increase in gold and jewellery on a month-on-month basis. Sales, usually, peak during the fourth quarter also due to the festivals and wedding season.s

Echoing Dhanak’s comments, Tawhid Abdullah, CEO of Jawhar Jewellery, said Dubai is promoting itself as a major wedding destination which is helping improve gold jewellery sales in the emirate.

“Previously, Paris, Italy and Turkey used to be popular wedding destinations. Now Dubai is also emerging as a popular city which is a very good sign for the industry,” he added.

[stonedyou] 02/10/2023 13:47

Gold Forecast – Gold Has Entered its Final Capitulation Phase.

By: AG Thorson.


The final washout in metals and miners is underway.


Gold is breaking lower, and miners are collapsing – the final washout has begun. The next few days are crucial.

The GDX mining ETF bottomed during the last week of September in 2021 and 2022. Will we see a repeat in 2023?

The current washout could extend into October if prices fail to reverse within the next few trading days. With gold entering its fifth month of lower prices, we see a sustained downtrend unlikely.

Late September Bottoms

The gold miners have been bottoming in late September for the last few years. Prices tend to peak in April or May and bottom just before October. If the cycle holds, GDX could reach a low in the next few trading days. To confirm a bottom, prices would need to close above the most recent gap.

[justiceforthemany] 02/10/2023 12:26

ZAR gold price still up 20% year on year. This is most important to PAF.
13.7/4p EPS gives a P/E of just 3

[justiceforthemany] 29/9/2023 14:40

US PCE down. Gold price surging

[justiceforthemany] 28/9/2023 16:28

Good news on the Eskom/power front as SA enters the Spring.

[stonedyou] 25/9/2023 16:17

Russia reaping benefits of storing gold – media.

The country’s bullion stockpile has continued to grow over the past year, Izvestia reports.



Russia is benefitting from its increased gold reserves, which reached a two-decade high at the end of last year, the Izvestia newspaper reported on Thursday, citing data from the World Gold Council.

Statistics showed that Russia had 2,332 tons in global gold reserves as of the end of 2022, putting it fifth in the international rankings. Only the US, Germany, Italy, and France had greater reserves. According to the Russian central bank, the country’s forex reserves amounted to $581.6 billion as of the start of September 2023, including $144.7 billion in monetary gold.

Russia’s foreign exchange reserves reached a record $643.2 billion shortly before the conflict with Ukraine broke out in February of last year. Roughly half of those funds were reportedly frozen by Western central banks in early March 2022 as part of sanctions related to the conflict. The remaining holdings consist of gold and foreign currency kept within the country, as well as Chinese yuan assets. Moscow has called the freezing of its assets “theft” and has warned that it contravenes international law.
Geopolitical tensions between Russia and the West have prompted an overhaul of foreign currency exposure by numerous national regulators, Finam Financial Group analyst Aleksandr Potavin told Izvestia. Storing reserves in so-called safe haven assets, such as gold, reduces the likelihood of their depreciation, seizure, and other problems, he explained.

“The purposeful creation of significant reserves in the precious metal means that the country does not spend a large amount of money on its development, but is salting it away. Quite often, governments do this when they see growing geopolitical risks,” the expert said.

According to Freedom Finance Global analyst Vladimir Chernov, the possible introduction of a precious metals-backed single currency by the BRICS countries could be another reason behind Russia’s stockpiling of gold reserves.

The price of gold has risen by around 8% since the beginning of the year. The precious metal was trading at $1,946 per ounce on Friday, up from $1,800 at the end of 2022.

[stonedyou] 25/9/2023 15:42

RBI Is Buying More Gold. Should You Buy Too? Detangle With Mint.