Pan African Resources Share Discussion Threads

[baldrick1] 13/12/2024 15:05

Looks like it ..strong resistance

[astjgroom] 13/12/2024 14:46

They are selling into the rise

[baldrick1] 13/12/2024 14:42

36-37p coming

[baldrick1] 13/12/2024 14:18

Higher treasury yields are underpinning the strength of the dollars dragging down the pog.

[baldrick1] 13/12/2024 14:03

Still lots of overhangs left.

[baldrick1] 13/12/2024 09:06

Going for 36.50p on the shorts side.

[stonedyou] 13/12/2024 00:25

Cobus Loots, Pan African’s chief executive officer commented:

“The performance of our MTR operation, completed ahead of schedule and under budget, has exceeded expectations, with a successful production ramp-up and the plant performing to specifications and at the same time maintaining an excellent safety record. In terms of our production base, the Group is now well diversified with both high-grade underground mining and high-margin surface operations. We are also excited about our ability to further expand our surface business in the short term to the benefit of all stakeholders.

We expect a much-improved performance for the Evander Mines underground operations in the second half of this financial year, with the large investment in infrastructure and optimisation over recent years benefitting this high-grade operation for more than a decade into the future.

We are poised to deliver a significant increase in gold production for the full financial year, and then again in FY2026. By March 2025 Pan African will also be largely unhedged, and at prevailing gold prices, the cashflow generation from our long-life portfolio of quality assets should allow for rapid de-gearing and flexibility in deploying capital on value-accretive growth and further sector-leading dividends to shareholders.

Pan African continues to excel in terms of our returns to shareholders, where the Group was ranked third in the Sunday Times Top 100 Companies in 2024 (from ninth in 2023).

[baldrick1] 12/12/2024 15:53

Watch dollars getting stronger and pog on live stream.

[baldrick1] 12/12/2024 15:09

Tomorrow we'll see 35-36p.. my guess

[baldrick1] 12/12/2024 14:49

OOPS..someone wants 37p;)))

[baldrick1] 12/12/2024 14:41

37.50p target

[baldrick1] 12/12/2024 14:23

Live stream..pog below 2700 again.

[baldrick1] 12/12/2024 14:14

Being sold down towards 37p

[baldrick1] 12/12/2024 13:56

Treasury yields on the upside, making the dollars strong making it more expensive to buy gold.

[baldrick1] 12/12/2024 13:14

Overhangs still in play here.

[salisbury3] 12/12/2024 08:48

Ranked third in Sunday Times Top 100 Companies list for 2024!

[18bt] 12/12/2024 07:52

Yes, quite big increases in production and lots of detail on the self-help measures they have been able to introduce.

[faz] 12/12/2024 07:37

Thats some update! I expect strong gains over the next months

[baldrick1] 11/12/2024 16:29

Still large amount of overhangs on the recent issue of shares

[stonedyou] 11/12/2024 14:31

Live Gold Price

Bid|Ask $2,700.30 V $2,700.57

Low|High $2,674.31 V $2,704.42

Change $8.54 0.32%

[stonedyou] 10/12/2024 17:09

Bid|Ask $2,691.87 $2,691.97

Low|High $2,657.88 $2,693.34

Change $33.91 UP v 1.28%

[stonedyou] 10/12/2024 16:46

Fed Chairman's Brazen Lies About Gold Go Unchallenged

December 10, 2024

Profile picture for user Chris Powell

Chris Powell
GATA

Money Metals writer Mike Maharrey last week shot down the laughable assertion made this week by Federal Reserve Chairman Jerome Powell that bitcoin is, "like gold," merely a "speculative asset" and thus a competitor with gold, not the dollar, because people aren't using bitcoin for payments or as a store of value.

But as Maharrey notes, "Gold is not a speculative asset. It is widely viewed as a safe-haven hedge and a store of value."

Indeed, gold has been used as money for thousands of years, central banks increasingly accumulate it in recognition that it remains money without counterparty risk, and now even bitcoin is sometimes being used for payments.

Asserting that gold doesn't compete with the dollar as money, Powell pretended ignorance of the U.S. government's extensive and decades-long efforts -- through laws, policies, and market interventions -- to minimize gold's role in the international financial system, precisely to defeat the monetary metal's competition with the dollar.

Documenting the U.S. government's open and surreptitious efforts to defend the dollar against competition from gold has been the bulk of the work of the Gold Anti-Trust Action Committee (GATA) for more than 25 years (See here and here).

Indeed, the documents indicate that defeating the competition posed by gold to the dollar long has been the primary objective of the Federal Reserve, U.S. Treasury Department, and Western central banking generally.

But just as disgraceful as Powell's brazen and obvious lies was that they were uttered at a conference sponsored by the New York Times and attended by financial journalists, and not one of them challenged the lies.

This could have been easily done, just by shouting out questions like:

"What about the London Gold Pool?"

"What about central bank gold swaps and leases?"

"Why are so many central banks acquiring gold lately?"

"What about the new Basel III standards issued by the Bank for International Settlements recognizing gold as a 'Tier I' asset equivalent to dollars and Treasuries?"

Again, it seemed like the greatest power of central banking is not the power to create infinite money out of nothing but rather the cowardly subservience of what passes for financial journalism.

About the author

Profile picture for user Chris Powell

Chris Powell

GATA
GATA.ORG

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

Chris Powell is a journalist in Connecticut, where he was managing editor of the Journal Inquirer, a daily newspaper in Manchester, for 44 years. He continues to write political columns for that paper and five others in the state and often appears on talk radio programs there. He is also secretary/treasurer of the Gold Anti-Trust Action Committee Inc. (GATA), which he co-founded in 1999 to expose and oppose the rigging of the gold market by Western central banks and their investment bank agents. He edits the GATA Dispatch, that organization’s daily electronic newsletter. He is a member of the Board of Directors of the Connecticut Council on Freedom of Information and was its state legislative chairman from 2004-2010.

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