Pan African Resources Share Discussion Threads

[stonedyou] 20/11/2023 15:59

Festival gold demand appears to have been strong in India.

Preliminary import data show that gold imports in October may have risen by ~50%
year-on-year during the month to ~115 tonnes, suggesting that festive
demand for gold was stronger this year than in 2022. The Hindu
festivals of Dhanteras and Diwali, held earlier this month, tend to be
drivers for gold purchases so dealers stocked up in October. In the first
nine months of the year, Indian gold demand was 3% lower year-onyear at 481 tonnes (source: World Gold Council). To match last year’s
level of gold consumption, Q4’23 will have to be the strongest quarter
for demand in two years. When adding October’s imports to year-to-date
demand this looks possible, though not probable, as without the demand
catalysts of the November festivals, the persistently high gold prices in
India may crimp demand to the end of the year.


The gold price rose by 2.15% last week following an easing in dollar
strength. By the end of the week’s trading gold stood just below
$2,000/oz

[1_dma] 20/11/2023 15:39

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[fx analyst] 20/11/2023 12:49

stonedyou

Are you attending the AGM ?

[sammy g] 19/11/2023 11:22

Hi all,

Been a while since i looked in here but am very interested in the latest talk of Takeover etc and that news of the WHEATON deal friday.

Personally i think Pan African would be a highly attractive Aquisition to a number of regional players and this could well come to fruition.I dont agree with some of the high valuations that could be made but i do think 30p a share could well be possible here.

I have always thought that Pan African are a well run outfit that could be bought at some point - maybe just maybe that time is coming soon.

[dantee] 17/11/2023 16:13

allesandro

Have just had a cheeky top-up :-) i agree with your comments there and i feel lots of excitement about to begin here.

[allesandro] 17/11/2023 16:09

By the way we have a lovely big bull flag forming on the chart today so next week may be abit tasty alongside that Wheaton International news being understood.

Might see some big moves here ahead of ex divi date on 30th november

[allesandro] 17/11/2023 16:05

xb6 & dantee, guys your 25p estimate may not be far off the mark here but of course if more than one partie is interested we may end up near 10 x earnings sort of figure which is closer to 45p.

We are game on for bid approach here now imvho

[dantee] 17/11/2023 15:07

xb6 that seems a fair deal at moment to be honest and i would take it !

Just seen this over on L S E



"We could well be in the press over the weekend after that news from Wheaton deal - as i said before i doubt you will find a better takeover candidate out there at the moment for Gold Assets in South Africa. If Wheaton International are prepared to pay huge sums for a pre production gold asset in our backyard we should take notice.

Wait till the market realizes the significance of this deal :-) "

[xb6] 17/11/2023 13:50

allesandro

You could say that the starting gun has been fired,a preliminary look at the Wheaton International deal tells me we have a prized set of assets being eyed and more than likely will be snapped up before long.


I would accept 25p region for my fairly large holding - to give you an idea of my endgame anticipated here.

[allesandro] 17/11/2023 12:17

I predict this will be on many investors radar shortly after the Wheaton news gets absorbed :-)

[af004] 17/11/2023 11:52

Love your optimism having been here 10+ years!

[allesandro] 17/11/2023 11:47

If Wheaton International are prepared to pay those sort of prices for a pre production gold asset in south africa it makes Pan African look a juicy prize indeed for a prospective bidder.

Will sure be interesting to see what happens here now ! have just topped up :-)

[justiceforthemany] 17/11/2023 11:41

If you care about PAF and the share price please send an email to the company secretary and investor relations.

[justiceforthemany] 17/11/2023 11:40

10 x forward P/E = 45p
I would think a Mars like offer for Hotel Chocolat would need to be made, 40p+
CEO and Chairman hold millions of shares.

Share price remains pathetic today.

[xb6] 17/11/2023 11:14

dantee

If a 30p per share offer came in would you accept it ? i would personally myself

[dantee] 17/11/2023 10:53

Wheaton International have just bought a Pre-Production South African Gold Asset for a very tidy sum !

Makes you wonder what sort of value PAF would attract on a bid - i suggest many times its current share price

[xb6] 17/11/2023 10:26

Not sure of that figure but it is way over Pan African,s current valuation, market has not seen this news yet :-) i expect a strong move up into the ex dividend date and AGM on the 30th November.

[allesandro] 17/11/2023 10:09

Great find XB6

So based on what Wheaton have bought here that would represent around 47p a share for Pan African equiv if a bid was made on same basis ????

[xb6] 17/11/2023 09:48

Wait till the market picks up on this and the low PE that PAF is currently valued at !
then look at the price Wheaton payed for these assets :-)


h t t p s://www.miningweekly.com/article/wheaton-adds-south-african-pgms-stream-to-its-portfolio-2023-11-16

[xb6] 17/11/2023 09:40

Some very interesting chat over at LSE regarding Takeover,has just been a deal gone through in SA by a company called Wheaton. Standby for fireworks here !



GAVSTER-NBC

Today _ 08.32am

"then a company called Wheaton does do a takeover of an SA gold company. Seems to be a funding agreement to finish a mine then an off-take at a ridiculously low gold price, which backs up your argument that SA miners are takeover targets"


FIVECANDLES

Today _ 09.15am

Gavster, absolutely this is a prime takeover target IMO , like i said if one of the regional big boys offered something like 25p a share and a 3 for 10 in new shares i suspect holders here would accept it . We are being valued at just 3 x PE with low debt and healthy dividend cover :-) and what is key for TO is a simple share structure which means the "corporate and legals" can be concluded swiftly.

I doubt there is a better opportunity out there at the moment in terms of Undervalued Gold Mines that could be aquired at bargain levels yet still net its shareholders a tasty windfall.

[stonedyou] 17/11/2023 09:36

GOLD / USD
$ 1990.77$ 1990.94 8.17 0.41%

GOLD / GBP
£ 1605.94£ 1606.06 8.96 0.56%

GOLD / EUR
€ 1834.65€ 1834.81 7.95 0.43%

[justiceforthemany] 16/11/2023 20:57

We have a PAF hater on this board guys.
Don't be shy now, come on, why don't you tell us what you think?