Pan African Resources Share Discussion Threads

[stonedyou] 27/11/2023 15:36

GoSats introduces gold and Bitcoin rewards to transform spending into investing.


INDIA - In a significant move aimed at reshaping consumer spending habits, GoSats, a rewards platform, has launched a new feature that allows users to earn rewards in the form of Gold or Bitcoin when they make everyday purchases. This innovative option is designed to turn regular expenses into investment opportunities, thereby providing a dual benefit to its users.

Mohammed Roshan, the spokesperson for GoSats, expressed enthusiasm about the new feature, emphasizing its potential to disrupt traditional reward systems. By offering rewards in the form of tangible assets, GoSats is appealing to a broad range of investors in India, which includes over 200 million gold investors and a growing crypto community of approximately 15 million individuals. This development comes at a time when the Indian market is witnessing a surge in interest in cryptocurrencies, despite previous hesitations due to perceived risks.

The strategic initiative by GoSats not only taps into the Indian market's affinity for gold and emerging interest in digital currencies but also aligns with the global trend of integrating investment opportunities with daily financial activities. The company is actively looking to expand its portfolio by adding more asset classes in the future, with the goal of strengthening the financial stability of its customers. This approach positions GoSats at the forefront of a movement that sees spending as a potential avenue for asset growth and financial security.

[stonedyou] 27/11/2023 08:56

What happens to Gold when bonds are no longer a safe haven?

U.S. Treasury debt has long been considered a “risk free” asset. Gold bugs hold a different definition of risk free, but for most of Wall Street and the investing public the assumption has been that there’s zero chance the U.S. government will ever default on its debt.

The truth is finally dawning on this crowd. There is more than one way for the U.S. to default.

The government might not welch on payments, though the chances of that certainly aren’t zero. It can surreptitiously default through inflation. What’s more, the risk of that type of default is 100% – it is happening now and figures to get worse.

Investors traditionally turn to bonds when there is economic uncertainty. Most retirees have been coached to overweight bonds to reduce volatility and risk in their portfolios. The past couple years have delivered a wakeup call.

2022 was the worst year ever in the Treasury market. The 10-year yield jumped a full 2%. This year the carnage could be even worse as the bond bear market intensifies.

Banks and other financial institutions look at Treasuries as the ultimate collateral and as a Tier 1 reserve asset. But they, too, are getting a jolt of reality.

Small and mid-tier banks have been decimated by losses on the bonds held on their balance sheets.

The Federal Reserve implemented a backdoor bailout of those banks earlier this year.

Fed officials created their “Bank Term Funding Program” to allow member banks to borrow against underwater bonds at 100 cents on the dollar rather than book losses on their actual market value. It’s an alternative to the fire sale of those deeply underwater assets to raise liquidity.

The loans have a 1-year term and the program was intended as a short-term measure.

The Fed seems likely to renew the program indefinitely, or else the reckoning for banks will be biblical. Regardless of what happens, institutions have learned a lesson.

The question is what happens when banks and investors decide that Treasury debt is anything but “risk free.” The list of “go to” safe haven assets is small. If bonds no longer fit the bill and U.S. dollars are losing appeal for similar reasons, gold may be the last refuge.

[stonedyou] 27/11/2023 08:41

GOLD / USD
$ 2013.14$ 2013.31 11.020. UP 55%

GOLD / GBP
£ 1595.58£ 1595.76 7.430. UP 47%

GOLD / EUR
€ 1838.86€ 1839.05 9.690. UP 53%

[johnbull1] 25/11/2023 18:06

I went to the AGM. There was the chairman there and another board member. Other than the vots, which was standard, there were some interesting questions. Someone at the front asked why less gold would be down in the second half and the chairman suggested no reason for that to happen. If they did 94-98 in the first half, this seems that output will be 190 or more? The chairman said that Elikulu was trying more cyanide and seeing more recoveries. The man at the front asked about buybacks, after theyve spent money on Mogali, becase the stock is cheap. The chairman seemd to agree, but others in the audience expressed other views. All in all, it was a positive AGM.

[stonedyou] 24/11/2023 09:02

Jewellery Shines As Global Luxury Market Hits €1.5 Trillion Record In 2023.

The global luxury market is on track to hit a record-breaking €1.5 trillion in 2023, marking an 8-10% growth from 2022, according to a recent report by Bain & Company in collaboration with Altagamma, the Italian luxury goods manufacturers’ association. The study highlights the resilience of the luxury sector, attributing the growth to a resurgence in social interactions and travel, driving spending on luxury experiences to historic highs.

The report delves into regional perspectives, revealing a rebound in European tourism, a deceleration in American spending, and a flourishing Asian luxury ecosystem fuelled by Chinese consumers.

Amid these dynamics, the study places a spotlight on the growth of the jewellery category, which is poised to reach €30 billion in market value in 2023. Fuelled by an investment mindset, fine jewellery emerges as a bright spot for investments amidst market uncertainty. The overall positive growth trend extends to other luxury categories, including ready-to-wear, beauty, watches, and leather goods. The monobrand channel leads the distribution ecosystem, capitalizing on consumers’ quest for physical experiences and the increasing role of clienteling in sales.

As brands navigate the multigenerational complexity, catering to diverse consumer needs becomes crucial. The report highlights the income growth potential in Generation X and Y, who represent the bulk of luxury purchases, while also noting the influence of Generation Z, expected to account for 25-30% of luxury market purchases by 2030.

Looking ahead to 2030, the report anticipates continued market growth, with Chinese customers expected to represent 35-40% of the personal luxury goods market. Online and monobrand channels are projected to dominate two-thirds of the entire market by 2030, emphasising the importance for brands to focus on differentiation and meaningful experiences across the entire customer journey.

In this evolving landscape, sustainability and technology adoption will play pivotal roles in the luxury market’s future, driving a new season of mergers and acquisitions. Brands must maintain a purposeful approach, prioritizing creativity and innovation to stay relevant in an increasingly crowded market and ensuring adaptability as a guiding principle to overcome short-term challenges.

Despite facing challenging macroeconomic conditions, the market exhibited robust growth of 11-13% at constant exchange rates, equivalent to a substantial ~€160 billion increase in spending across various luxury categories. The personal luxury goods segment, a key player, is expected to reach €362 billion by the end of the year, showing a 4% increase from 2022 at current exchange rates.

While the luxury market has demonstrated exceptional resilience, challenges loom on the horizon in the fourth quarter, including fragile consumer confidence, macroeconomic tensions in China, and limited signs of recovery in the US. The research indicates a potential softening of personal luxury goods performance in 2024, with projected low-to-mid single-digit growth compared to 2023.

The lead author of the study Claudia D’Arpizio, a partner at Bain & Company and leader of the firm’s global Luxury Goods and Fashion practice, said, “This is a defining moment for brands, and the winners will separate themselves through resilience, relevance, and renewal—the basics of the new value-centred luxury equation. The luxury market is generating positive growth for 65-70% of brands in 2023, compared to 95% in 2022. To stay in the game, it will be crucial for brands to take bold decisions on behalf of their customers.”

Federica Levato, partner at Bain & Company and leader of the firm’s EMEA Luxury Goods and Fashion practice, “The market is set for long-term growth, rooted on strong fundamentals. Capturing and amplifying the market potential will be key, as the clear convergence among luxury markets allows for further expansion. Players have the opportunity, but also the responsibility, to reinforce their meaning, while leveraging strategic M&A to redefine the boundaries of the industry. These will be foundational drivers for growth in the future.”

[stonedyou] 24/11/2023 07:46

2. SALIENT DIVID DATES

Shareholders are referred to the Group's provisional summarised audited results
that were released on 13 September 2023, wherein an exchange rate of South
African Rand (ZAR) to the British Pound (GBP) of GBP/ZAR:23.93 and an exchange
rate of ZAR to the US Dollar (USD) of USD/ZAR:18.83 was used for illustrative
purposes to convert the proposed ZAR dividend of 18.00000 ZA cents per share
into GBP and USD, respectively.

Shareholders are advised that, following the approval of the final dividend at
the AGM, the exchange rate for conversion of the final ZAR dividend into GBP has
been fixed at an exchange rate of GBP/ZAR: 23.61 which translates to a final GBP
dividend of 0.76239 pence per share and the exchange rate for conversion of the
final ZAR dividend into USD for illustrative purposes is USD/ZAR: 18.85, which
translates to an illustrative final USD dividend of US 0.95491 cents per share.

The following salient dates apply:

+------------------------------+---------------------------+
|Currency conversion date |Thursday, 23 November 2023 |
+------------------------------+---------------------------+
|Last date to trade on the JSE |Tuesday, 28 November 2023 |
+------------------------------+---------------------------+
|Last date to trade on the LSE |Wednesday, 29 November 2023|
+------------------------------+---------------------------+
|Ex-dividend date on the JSE |Wednesday, 29 November 2023|
+------------------------------+---------------------------+
|Ex-dividend date on the LSE |Thursday, 30 November 2023 |
+------------------------------+---------------------------+
|Record date on the JSE and LSE|Friday, 1 December 2023 |
+------------------------------+---------------------------+
|Payment date |Tuesday, 12 December 2023 |
+------------------------------+---------------------------+

[justiceforthemany] 23/11/2023 19:26

Great, let us know.

[xb6] 23/11/2023 16:40

J4TM

Yes the gold market is looking really bullish and may go way higher if some forecasters are correct.Great timing for us of course :-)

Am hoping to get some first hand reports from AGM later and will post anything useful.

[stonedyou] 23/11/2023 14:46

Berenberg Bank Reaffirms “Buy” Rating for Pan African Resources (LON:PAF)

Posted by Defense World Staff on Nov 23rd, 2023


Berenberg Bank reaffirmed their buy rating on shares of Pan African Resources (LON:PAF – Free Report) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 25 ($0.31) price target on the stock.

Pan African Resources Price Performance
PAF stock opened at GBX 16.44 ($0.21) on Wednesday. The stock has a market capitalization of £315.65 million, a PE ratio of 544.00, a price-to-earnings-growth ratio of 8.95 and a beta of 0.75. The company’s 50-day moving average is GBX 15.40 and its 200-day moving average is GBX 14.59. The company has a debt-to-equity ratio of 19.29, a current ratio of 0.79 and a quick ratio of 0.74. Pan African Resources has a 1 year low of GBX 11.73 ($0.15) and a 1 year high of GBX 20.90 ($0.26).


The business also recently disclosed a dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 0.75 ($0.01) per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 5.35%. Pan African Resources’s dividend payout ratio (DPR) is presently 3,333.33%.


Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.

[stonedyou] 23/11/2023 14:20

Pan African Resources flags excellent results as annual guidance rises.

22 November 2023, 09:51Source - Alliance News
Pan African Resources PLC on Wednesday revised up the bottom end of its annual production guidance, as the first-half performance looks set to be better-than-expected in some operations.

The Rosebank-based gold producer expects production for the first half of December 31 to rise to a range of between 94,000 ounces and 98,000 ounces, from 92,307 ounces in 2022, representing an increase of between 2% and 6%.

In Johannesburg, Pan African shares rose 5.0% to R 3.84 on Wednesday, while they were up 3.1% at 16.38 pence in London.

Operations are likely to perform in line or better than anticipated in the first half, with Barberton Mines underground in Mpumalanga estimated at between 37,000 ounces and 38,000 ounces, from 32,022 ounces.

Production at Elikhulu tailings retreatment is projected to rise to between 27,000 ounces and 28,000 ounces, compared to 25,830 ounces, while Evander Mines underground in expected to produce between 20,000 ounces and 21,000 ounces, from 19,173 ounces.

Pan African Chief Executive Officer Cobus Loots said the expected production performance for the half year positions the group to deliver excellent results for the 2024 financial year.

The miner revised its full-year 2024 production guidance to a range of between 180,000 ounces and 190,000 ounces, from between 178,000 ounces and 190,000 ounces predicted previously. For the financial year that ended June 30, output was 175,209 ounces.

Pan African also noted ‘significant’ progress around the construction of the Mintails tailings retreatment plant, with commissioning on track for the latter half of the 2024 calendar year.

Loots said the plant will add some 50,000 ounces annually to the group’s production, increasing output by some 25%.

[af004] 23/11/2023 07:04

Good FT article on gold today and why it may stay high.

[justiceforthemany] 22/11/2023 19:49

Must be brought up at the AGM tomorrow.
Contact Hethen Hira.

[dantee] 22/11/2023 16:14

justiceforthemany - do you think there is a shorter playing this ?? if so after the update today they may have a squeaky coke and rum :-)

Crazy this may actually end down today

[justiceforthemany] 22/11/2023 15:50

AGM tomorrow.
Those attending must discuss the following ongoing scandal.
UK shares are up just 1% [JSE listed shares +6.5%] after such a cracking update?
WTF?

[allesandro] 22/11/2023 11:17

Great RNS today as it shows the path to that 250.000 ounces is ontrack now,i think the talk of a T/O could be on the money here.Should be trading back over 20p before long and maybe even before the ex-div dates.

[1_dma] 22/11/2023 10:53

(Alliance News) - Pan African Resources PLC on Wednesday revised up the bottom end of its annual production guidance, as the first-half performance looks set to be better-than-expected in some operations.

The Rosebank-based gold producer expects production for the first half of December 31 to rise to a range of between 94,000 ounces and 98,000 ounces, from 92,307 ounces in 2022, representing an increase of between 2% and 6%.

In Johannesburg, Pan African shares rose 5.0% to ZAR3.84 on Wednesday, while they were up 3.1% at 16.38 pence in London.

Operations are likely to perform in line or better than anticipated in the first half, with Barberton Mines underground in Mpumalanga estimated at between 37,000 ounces and 38,000 ounces, from 32,022 ounces.

Production at Elikhulu tailings retreatment is projected to rise to between 27,000 ounces and 28,000 ounces, compared to 25,830 ounces, while Evander Mines underground in expected to produce between 20,000 ounces and 21,000 ounces, from 19,173 ounces.

Pan African Chief Executive Officer Cobus Loots said the expected production performance for the half year positions the group to deliver excellent results for the 2024 financial year.

The miner revised its full-year 2024 production guidance to a range of between 180,000 ounces and 190,000 ounces, from between 178,000 ounces and 190,000 ounces predicted previously. For the financial year that ended June 30, output was 175,209 ounces.

Pan African also noted "significant" progress around the construction of the Mintails tailings retreatment plant, with commissioning on track for the latter half of the 2024 calendar year.

Loots said the plant will add some 50,000 ounces annually to the group's production, increasing output by some 25%.

[stonedyou] 22/11/2023 10:29

Pan African Resources positioned for 'excellent results’ thanks to improving gold volumes.

Published: 08:11 22 Nov 2023


Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) (PAF) is positioned to deliver "excellent results" for the full financial year, chief executive Cobus Loots told investors.

The gold miner, in an interim production report released today, said half-year gold output was between 94,000 and 98,000 ounces – representing a 2% to 6% improvement on the same period a year ago.

Operationally, PAF said it is performing in line or better than anticipated across it portfolio.

The Barberton mine yielded 37,000 to 38,000 ounces, with a switch to continuous mining operations providing higher tonnage and grades, whilst the Evander mines contributed 20,000 to 21,000 ounces which was also an improvement helped by grade and improved "conveyor availability".

At the Elikhulu tailings, the company produced 27,000 to 28,000 ounces. Meanwhile, Evander surface operations yielded 2,000 ounces and tailings retreatment at Barberton contributed a further 8,000 to 9,000 ounces.

For the full year, PAF is now expecting production in the range of 180,000 to 190,000 ounces, up slightly from prior guidance of 178,000 to 190,000.

“The expected production performance for the half year to December 2023 positions the group to deliver excellent results for the full financial year,” said Loots.

“The continued momentum with the construction of the MTR plant at the group’s Mintails project is again testament to our track record of bringing world class tailings retreatment projects to account.

“MTR is expected to commence production at the end of 2024, and will add some 50,000 oz/yr to group production, increasing our annual output by some 25%.”

[stonedyou] 22/11/2023 10:24

Pan African Resources flags excellent results as annual guidance rises

November 22, 2023 at 04:52 am EST
(Share Alliance News) - Pan African Resources PLC on Wednesday revised up the bottom end of its annual production guidance, as the first-half performance looks set to be better-than-expected in some operations.

The Rosebank-based gold producer expects production for the first half of December 31 to rise to a range of between 94,000 ounces and 98,000 ounces, from 92,307 ounces in 2022, representing an increase of between 2% and 6%.

In Johannesburg, Pan African shares rose 5.0% to ZAR3.84 on Wednesday, while they were up 3.1% at 16.38 pence in London.

Operations are likely to perform in line or better than anticipated in the first half, with Barberton Mines underground in Mpumalanga estimated at between 37,000 ounces and 38,000 ounces, from 32,022 ounces.

Production at Elikhulu tailings retreatment is projected to rise to between 27,000 ounces and 28,000 ounces, compared to 25,830 ounces, while Evander Mines underground in expected to produce between 20,000 ounces and 21,000 ounces, from 19,173 ounces.

Pan African Chief Executive Officer Cobus Loots said the expected production performance for the half year positions the group to deliver excellent results for the 2024 financial year.

The miner revised its full-year 2024 production guidance to a range of between 180,000 ounces and 190,000 ounces, from between 178,000 ounces and 190,000 ounces predicted previously. For the financial year that ended June 30, output was 175,209 ounces.

Pan African also noted "significant" progress around the construction of the Mintails tailings retreatment plant, with commissioning on track for the latter half of the 2024 calendar year.

Loots said the plant will add some 50,000 ounces annually to the group's production, increasing output by some 25%.

By Artwell Dlamini, Alliance News reporter

[xb6] 22/11/2023 09:53

1_dma

Yes for sure they are a bid target now IMVHO we may start to see some real momentum build on the share price as that Wheaton news is digested.

[1_dma] 22/11/2023 09:36

Their next full year financials should show are marked increase in revenue and profit and perhaps a record dividend payment.PAF are starting to deliver excellent results which will catch the eye of potential bidders IMO