Pan African Resources Share Discussion Threads

[justiceforthemany] 21/1/2024 22:25

Solar plant should reduce AISC by 10%+
ZAR gold price up 20% year on year.
Margins per ounce up +++

[stonedyou] 21/1/2024 17:36

Pan African Resources — Valuation up 22.2% with new gold price forecasts.

On 22 November, Pan African Resources (PAF) announced that operations to date in FY24 had performed in line with, or better than, expected, with gold production for H124 anticipated to be in the range 94,000–98,000oz (cf 92,307oz in H123). As a result, it increased its production guidance for FY24 to 180,000–190,000oz, which caused us to increase our production estimate in turn by 1.9% (or 3,575oz) to 189,725oz. The change made only a modest difference to our EPS forecasts for FY24 (see Exhibit 2). However, it increases our confidence in those estimates, which are already at the top of a relatively wide range of expectations.

[stonedyou] 20/1/2024 10:47

BRICS Currency Backed by Gold: Revolutionizing the Economic Landscape with Positive Sentiments.

Edge-ForexEdge-Forex

In a world where the economic landscape is in a constant state of flux, the idea of a currency backed by tangible assets is gaining traction. Enter the concept of the BRICS currency backed by gold—a potential game-changer in the realm of global finance. Speculations about the BRICS nations, namely Brazil, Russia, India, China, and South Africa, introducing a gold-backed currency have ignited discussions about its potential implications. If this move becomes a reality, it could mark a historic return to the gold standard, ushering in enhanced stability for an emerging currency.

The Changing Global Economic Landscape
The global economic landscape is a dynamic entity, shaped by a multitude of factors ranging from technological advancements to geopolitical shifts. In this ever-evolving environment, financial systems and currencies play a pivotal role. The mere mention of a new currency introduced by the BRICS nations has sparked considerable interest, as it signifies a departure from the conventional norms governing fiat currencies.

BRICS Coalition and Gold Reserves
The BRICS coalition, comprising Brazil, Russia, India, China, and South Africa, has risen as a significant force in the global economy. Central banks within these nations have been meticulously accumulating gold reserves, a strategic move that has not gone unnoticed. This concerted effort to bolster gold reserves serves as an indicator of the BRICS nations’ intentions—a potential challenge to the existing monetary status quo.

Understanding the Proposed Currency
The BRICS currency backed by gold represents a departure from traditional fiat currencies. Unlike fiat currencies, which derive their value from government declarations, a gold-backed currency draws its value from an underlying precious metal—gold. This inherent link to a tangible asset provides a level of stability that fiat currencies often struggle to achieve.

Implications of a BRICS Currency Backed by Gold
The introduction of a gold-backed currency by the BRICS nations could have far-reaching implications for the global economic landscape. One of the primary effects could be a potential devaluation of the US dollar and other fiat currencies. This shift in currency dynamics could lead to a reassessment of the relative stability of various currencies, with investors and governments alike reevaluating their positions.

Exploring the Concept of Gold-Backed Currency
To truly grasp the significance of a gold-backed currency, it’s important to delve into its concept. A gold-backed currency, as the name suggests, is directly linked to the value of gold. This linkage imbues the currency with a sense of stability and tangibility that fiat currencies, lacking physical backing, often struggle to achieve. The concept itself harkens back to a historical era when the gold standard was the bedrock of global monetary systems.

Stability Compared to Fiat Currencies
One of the key differentiators between a gold-backed currency and fiat currencies lies in stability. While fiat currencies derive their value from the trust and confidence placed in the issuing government, a gold-backed currency has a tangible asset—gold—providing a foundation for its value. This stability can have profound implications for economic fluctuations and financial crises, as the currency’s value is inherently tied to a physical commodity.

Comparing to Other Reserve Currencies
As discussions around the potential BRICS gold-backed currency gain momentum, comparisons to other reserve currencies come to the forefront. One notable example is the International Monetary Fund’s Special Drawing Rights (SDRs). While SDRs encompass a diversified basket of leading currencies, the BRICS proposal sets itself apart by being firmly rooted in the backing of gold—a tangible asset with historical significance.

Emphasis on Gold Backing
The emphasis on gold backing in the proposed BRICS currency cannot be understated. In a world where fiat currencies are often subject to fluctuations influenced by market sentiment, economic indicators, and political developments, a gold-backed currency provides a stable anchor. This stability could serve as a safeguard against volatility and contribute to a more predictable economic environment.

Evaluating Gold Reserves of BRICS
To comprehend the potential foundation of the BRICS gold-backed currency, it’s crucial to evaluate the collective gold reserves of the member nations. While these reserves might not surpass the substantial holdings of countries like the United States, they are substantial in their own right. This accumulation of gold reserves signals the BRICS nations’ preparedness to establish a currency backed by a tangible asset.

Implications for Currency Stability
The accumulation of significant gold reserves by the BRICS nations has notable implications for currency stability. A currency backed by substantial gold reserves is inherently less susceptible to rapid value fluctuations. This stability can bolster investor confidence, encourage international trade, and potentially position the BRICS currency as a reliable medium of exchange on the global stage.

Readiness to Establish a Gold-Backed Currency
The readiness of the BRICS nations to establish a gold-backed currency is evident in their strategic accumulation of gold reserves. While the individual reserves of these nations might not rival those of the United States, their collective efforts bring them close to parity. This suggests a collaborative endeavor to introduce a currency that draws its value from a tangible and universally recognized asset.

Anticipating Global Impacts
The potential introduction of a gold-backed currency by the BRICS nations has analysts and economists predicting significant global economic shifts. Such a move could position the BRICS coalition as a disruptor in the current financial landscape. The emphasis on gold as collateral backing could prompt a reevaluation of credit markets and lead to a resurgence of the gold standard’s influence on global economics.

Role as a Disruptor
The proposed gold-backed BRICS currency has the potential to act as a disruptor in a financial world dominated by fiat currencies. This disruption lies in the currency’s inherent stability, which contrasts with the fluctuating values of fiat currencies. The introduction of a gold-backed currency could prompt other nations to reconsider their currency strategies and potentially diversify their reserves.

Influence on Credit Markets
A gold-backed BRICS currency could wield considerable influence on credit markets. The requirement of collateral backing, in the form of gold reserves, could lead to a reevaluation of creditworthiness and lending practices. This emphasis on tangible assets could instill a sense of prudence in credit markets, potentially mitigating risks associated with excessive borrowing and speculative practices.

The Broader Strategic Alliance
The potential introduction of a gold-backed BRICS currency extends beyond the borders of the coalition itself. Reports indicate that up to 24 countries are contemplating challenging the prevailing dominance of the US dollar as the world’s primary reserve currency. This collaborative effort signifies a broader strategic alliance aimed at reshaping the global economic order.

Reshaping Economic Norms
The notion of multiple countries collectively challenging the US dollar’s supremacy as a reserve currency underscores the desire for a more balanced and diversified international monetary system. This ambitious alliance signals a shared interest in promoting economic stability, reducing dependency on a single currency, and potentially diminishing the impact of economic crises.

Envisioning the Future Landscape
The potential introduction of a gold-backed currency by the BRICS nations paints an intriguing picture of the future economic landscape. Discussions about a joint BRICS currency, its potential effects on the US dollar, and the resulting geopolitical shifts are at the forefront of economic discourse. This proactive approach, coupled with innovative strategies such as gold backing, positions the BRICS initiative as a potential catalyst for reshaping the global economic order.

Potential Implications for the US Dollar
While the introduction of a gold-backed BRICS currency is not confirmed, the discussions surrounding it have prompted speculation about potential implications for the US dollar. A gold-backed currency with substantial reserves could provide an alternative store of value and potentially contribute to a diversification away from the US dollar as the world’s primary reserve currency.

Speculative Shifts in Dynamics
The contemplation of a gold-backed BRICS currency highlights the potential for significant shifts in geopolitical and economic dynamics. The emergence of a currency with intrinsic stability, supported by tangible gold reserves, could influence trade relationships, investment patterns, and global economic power structures. This speculative landscape underscores the ever-evolving nature of international finance.

Conclusion
The notion of a gold-backed BRICS currency presents a compelling narrative of stability, innovation, and collaboration. As discussions about its potential introduction gain momentum, it is evident that the BRICS nations are positioning themselves as catalysts for change in the global economic order. Whether or not this currency becomes a reality, the very consideration of a gold-backed approach emphasizes the desire for enhanced stability and the quest for a more balanced economic world. The implications are profound and the possibilities intriguing, underscoring the ever-shifting nature of the global economic landscape.

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[stonedyou] 20/1/2024 10:35

Facts about gold

Gold has been a part of human history for centuries. From jewellery to coins, Egyptians to the modern day - gold has been a highly sought precious metal. There are many reasons why gold has been so treasured over the years, and below you'll find 20 interesting facts about gold that you might not have known.

Interesting facts about gold

Gold - Element


Gold is a 'noble' metal, meaning that it does not rust or lose its shine. Other noble metals include ruthenium, rhodium, palladium, silver, osmium, iridium, platinum, mercury, rhenium and copper.


Gold is the only yellow metal. All other metals darken or turn a yellowish colour after they have oxidised or reacted with other chemicals.

Gold is one of the heaviest and densest of all metals in the Periodic Chart; a cubic foot would weigh more than half a ton.

Pure gold will melt at 1064.43° and boils at 2856.1°. Even at normal temperatures gold is extremely soft. One gram of gold can be flattened down to a square meter sheet, which is so thin that light passes through, and because of this it has been used as a protective film on visors in space suits.

Odourless and tasteless, gold is not toxic - and flakes may be eaten in foods or drinks.

Gold - Natural Resource


Gold is far rarer than diamonds but is only the 58th rarest earth element.

It is estimated about 160,000 tons of gold have been mined throughout history.


Gold has been discovered on every continent on Earth.

In 2018, China was the world leader in gold mining production. Second was Australia, Russia third, US fourth and Canada fifth.

The largest gold nugget is the 'Welcome Stranger' mined in Australia in 1869, weighing in at a colossal 173 pounds (that is nearly 78.5 kilos).

China is the world's largest consumer of gold, based on figures from 2018. India is a close second.
Gold - Currency


The first gold coins were produced in Lydia between 700 - 650 BC. They were made from electrum, which is a naturally occurring alloy of gold.

The Swiss Franc was the last remaining country to peg its currency to a value in gold. It became a fiat currency in 1999.

The Perth Mint in Western Australia cast the largest ever coin - weighing one tonne and measuring 80 centimetres (31.4 inches) in diameter.

New York’s US Federal Reserve Bank is reported to hold 25% of the world's gold reserves.

Gold - Investment


Gold is frequently used as a safe haven asset in times of economic turmoil or geopolitical uncertainty.

Gold has a history of holding its value. It is an ideal way of preserving wealth from one generation to another.

Gold has historically had a weak correlation to movements in the financial markets and is frequently used as a hedge against inflation.

Gold's natural scarcity and high production cost is the ultimate reason why it holds value.

When you invest in physical gold you own it outright. You are not reliant on banks or other financial institutions.

[tightfist] 20/1/2024 09:19

Stockopedia Forecast for FY2024 is 3.0p and 3.8p for FY2025, just uplifted from 3.4p. That's why it has popped into my screen..I held PAF several years ago, but lost confidence in management. And we have the overarching SA factor..How secure is PAF.....the PPE ratio suggests market is pretty sceptical.....

[johnbull1] 20/1/2024 00:11

I think analysts think a bit less, maybe 1.5-2p (I dont have access to much but thats what ive gleened). The stock is so cheap, I really scratch my head. Theres not much communication. The Investor Relations page has a bunch of out of date stuff which looks unprofessional. The worry here is that its just another small cap gold that makes some mulah and management wastes it rather than tripling the dividend.

[justiceforthemany] 19/1/2024 21:06

Update due. Any day now.
Solar plant should be helping keep costs down also.
EPS for half year should be 2p+

[justiceforthemany] 16/1/2024 17:40

The daily manipulation in this stock is ridiculous. To the downside.

[stonedyou] 16/1/2024 12:24

Solid as Gold: Russia's Reserves Hit Record $155.9 Billion – Highest Since 2000.

Russia's gold reserves have reached an unprecedented level, swelling to an impressive $155.9 billion by the end of 2023, according to the Russian Central Bank.

In December alone, Russia saw a remarkable increase in its gold holdings, surging by 35 tons and reaching a total of 2,350 tons.

That surge has pushed its share of global gold reserves to an impressive 26 percent, the highest level since March 2000.

Analysts at Finam, a Moscow-based financial services company, announced their predictions for the trajectory of gold prices in 2024. In their baseline scenario, the price per ounce of gold is expected to fluctuate between $2,070 and $2,150 by the end of the year.

Earlier, Russian President Vladimir Putin expressed his satisfaction with the country's economic performance, pointing out that last year's growth exceeded expectations. Preliminary estimates suggest that gross domestic product (GDP) may exceed the forecast of 3.5 percent.

Attributing the robust economic growth to the industrial sector, Ekaterina Bezsmertnaya, Dean of the Faculty of Economics and Business at the Financial University under the Government of the Russian Federation, stressed that employment in the real sector is experiencing its fastest growth since the early 2000s.

After Moscow launched its special military operation to protect the people of Donbass from Ukrainian aggression, the US-led Western countries unleashed a barrage of sanctions against the Russian economy.

But those punitive measures have proven ineffective. Instead, Russia has significantly expanded its trade and diplomatic relations with countries of the Global South, thwarting the West's economic attacks.

Russian President Vladimir Putin has often commented that Russia has strengthened and enhanced its economic autonomy despite Western sanctions. Putin stressed that Russia is now the top economy in Europe and the fifth largest in the world in terms of purchasing power parity.

[stonedyou] 12/1/2024 14:05

GOLD / USD
$ 2058.28$ 2058.46 22.971 UP 13%

GOLD / GBP
£ 1613.25£ 1613.42 20.601 UP 29%

GOLD / EUR
€ 1878.05€ 1878.24 24.901 UP 34%

[justiceforthemany] 09/1/2024 16:36

H1 update to 31/12 due any day now.

[swinsco] 05/1/2024 15:24

This has got to make a move soon. Ridiculous valuations of these gold companies.

[johnbull1] 05/1/2024 12:02

Record gold price in Rand. Production at high end of guide. Stock at 16? Market so fickle!

[justiceforthemany] 26/12/2023 10:04

$2065 Gold price rising

[justiceforthemany] 21/12/2023 22:10

Currently 8.25%

[justiceforthemany] 20/12/2023 16:54

Rate cuts are coming; SA election year means sooner rather than later.