Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.68 -3.75% 17.46 2,160,925 16:35:20
Bid Price Offer Price High Price Low Price Open Price
17.34 17.54 18.32 17.12 18.32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 221.29 42.14 1.86 10.4 390
Last Trade Time Trade Type Trade Size Trade Price Currency
17:23:46 O 466 17.46 GBX

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Date Time Title Posts
11/4/202119:04Pan African Resources a sleeping giant418
09/4/202120:13Pan African Resources for 2006 (PAF) Moderated11,980
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13/10/201412:52Evander grade nadir portends future growth-

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Pan African Resources Daily Update: Pan African Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker PAF. The last closing price for Pan African Resources was 18.14p.
Pan African Resources Plc has a 4 week average price of 15.25p and a 12 week average price of 15.25p.
The 1 year high share price is 28p while the 1 year low share price is currently 10.25p.
There are currently 2,234,687,537 shares in issue and the average daily traded volume is 3,644,166 shares. The market capitalisation of Pan African Resources Plc is £390,176,443.96.
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awoogaa: I’m confused as to why teh PAF price has dropped so dramatically - anyone able to clarify for me please?
ih_228024: Is Pan African Resources (LON:PAF) A Risky Investment? By Simply Wall St Published February 25, 2021 hxxps:// then another year of debt-free
hjs: Paf fundamentals are strong, gold price is reasonably high. share price has dropped soon after results and imo, the only reason is the Covid SA mutant in SA and SA currency against dollar. The other reason could be the stop losses has been triggered and which has a spiral effect. Can any body else think of any other reasons?
hjs: PAF will start moving prior to Interims on 16 Feb 2021. IMO they will declare a good set of results with an increase of production and an interim dividend which will push the share price higher. With gold price over $1850, the expected 2021 net debt will drop drastically to around £12.5m. I am expecting an interim dividend of 0.3p and a full year of 1.0p. With the good outcome of new gold find, PAF will pass the 31p imo. This is not a recommendation so please do your own due diligence.
hjs: PAF has broken the 24.40 resistance and if it closes above this then expect the share price to move to 28 in a very short period of time. Gold has started going up which will be a bonus for PAF.
hjs: IMO, who ever wins the election, will have to pump a lot of money in the US economy. They have no choice but to print more money. This action will push the dollar down and push the gold price much higher than where it is today. Some analysts are pushing the price to over $2,000. Todays RNS for PAF listing in US will help the share price to move North. I am invested in PAF which is fundamentally very strong. Their debt will be wiped off soon and will increase the dividends going in the future. They will have spare cash for acquisitions as well.
risa5: Here is 2 comments that came with that report... omments1 | + Follow I think your gold price assumption may well be correct for the longer-term but a bit short sighted over say, the next 3-4 years. With all governments spending like there's no tomorrow especially the USA, the dollar will not be the safe haven it was and inflation is on it's way, another positive for gold. In fact, governments are actively encouraging it. The recent flight to gold has a long way to go yet and one more push so take it clear of $2,000/oz for quite some time. Now is not a time to sell Pan African. 13 Oct 2020, 11:50 AMReply1Like Comments2 | + Follow Thanks for solid analysis of Pan African which I have recently sold out of as a 2.5 bagger. However, I do not necessarily share the author's view in that much of the overall judgement of PAF being overpriced is based upon an assumption that Gold is overpriced and that the PAF share price over-valuation is made based on the conservative gold price of $1,500. My own perspective is that Gold will never be $1,500 ever again and having finally pushed through the necessary technicals then a more reasonable conservative estimate of Gold price might be $1,800. As a Gold bull I expect much higher gold prices and as a high cost producer then this has a much higher effect on a fair value for PAF shares. What would the author consider a fair value for PAF at $2,300 Gold price I wonder. I choose this level because it is $400 higher than current levels rather than $400 lower than current levels as per the analysis and therefore arguably just as valid as an appraisal value. 13 Oct 2020, 11:48 AMReply1Like
risa5: John’s Mining Journal: Pan African Resources – to sell or not to sell? By John Cornford 16 September 2020 With gold on, possibly, a bit of a plateau, or even at what some investors might think is a peak, they might be thinking of re-deploying their profits from my gold coverage. But from which stock? Pan African Resources (LON:PAF) (market cap £463m @24p) is definitely not one to sell, even though the price is down 15% since the end of July – when at 27.5p they had surged 150% above my buy recommendation a year ago. Full results for the year to June will have just been published when you read this but were flagged by the company on 1st September. On about the same volume as last year, PAF’s gold sales were 26% higher, producing underlying earnings per share 87% ahead, with company debt halved throughout the year’s second half. These results were better than expected only a few months ago, and better than forecast by Edison, which follows the company in more detail than I can (they get paid to do it by PAF after all, and are more reliable than some other ‘paid-for’ researchers I could name). No doubt a few traders took their profit at that point, but the shares now look as though ready to resume their up-trend, if only because, on Edison’s forecast of earnings per share of 16 cents, the forward PER at 24p is less than two. Not only that, but Edison is also forecasting a 1.5 cent dividend (1.15p) to deliver a 4.8% yield. Admittedly that is less than the 11% that was behind my strong recommendation a year ago, but it is highly likely to continue to increase when the company’s planned re-opening of the refurbished Egoli project (which it acquired along with Evander Mines – which initially proved disappointing – in 2013) starts producing in three years’ time. It will add 38% to PAF’s current gold output at an above average profit margin, while PAF’s solidly existing high-grade Barberton Mines continues to extend its already long life to at least another 15-20 years. So, Pan African Resources is not dependent on gold continuing strong. It shouldn’t be sold. Https://
risa5: Finals on Wednesday should have lots of good news on all fronts as well as news on increased dividend which could lift the price much higher... AIM stocks to watch: I think the PAF and APH share prices look promising With the price of gold on a tear, there has never been a better time to be in gold production, I feel. Pan African Resources (LSE:PAF) is a South African gold producer and an AIM stock to watch, in my view. The PAF share price has skyrocketed 99% in the past six months and it now has a market cap of £545m. The company kept things ticking over in a reduced capacity throughout lockdown. But it continues to make strides with revised production guidance for FY21 of 190,000 ounces. And it recently undertook a feasibility study on its Egoli Project, which shows a life of mine of between nine and 15 years, with gold production of 72,000 ounces annually and mining rights in place until 2038. In the meantime, the company already has several other mines producing substantial quantities of the precious metal. Paying down debt The rand/gold price is approaching an all-time high and this could mean Pan African achieving debt-free status before the end of FY21. With a forward EPS of around 16p, and current share price over 24p, the company has a price-to-earnings ratio of 1.5, which makes it a cheap UK stock. Its dividend yield is only 0.5%, but management would like to return to being a sector-leading dividend-payer later this year. Also appealing (and a key issue for future-proofing any business) is the fact that the company is big on safety and strongly committed to Environmental, Social and Governance (ESG) awareness. But operating a mining company in South Africa comes with considerable risk. Covid-19 continues to pose a danger in developing countries, and political strife can wreak havoc. The South African economy is struggling, and the treasury has said it needs to raise an additional R40bn in taxes over the next four years. This could mean Pan African Resources is in for a steep hike in tax payments. For these reasons, the PAF share price is likely to experience volatility. This makes it a share for those with a high risk-tolerance only. But I think it’s an AIM stock to watch nonetheless.
Pan African Resources share price data is direct from the London Stock Exchange
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