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By the way PAF just close at new high for the year.
Next day close is 24p of 13/04/22 with 27.10 day been all time high.
As from lates interim result PAF was trading at forward PE of 6. Recent POG rise have reduced PE to 4 implying a 50%
sp appreciation in near terms with more upside coming from POG and production increases...
Definitely a new all time high sp coming IMO.
Have a feeling Gold will skyrocket the way price is moving.
Mind you there can be lots of volatility in the way but trend is very much upwards..
Conversely if/when the Fed will actually start to lower rates it could be when Gold has topped (buy the rumour sell the news) but this is very much months away and at this rate who knows POG may settle easily above $2500 with Gold miners doubling in price this year.
All my conjecture theories...but POG is telling the story.
Have position in PAF, CBX and GAU. For me the best miners out there offering fully funded growing production with good balance sheet and decent geographical risk.
Closed today and Monday. We'll see on Tuesday))
Gold price is astounding.
Tomorrow we break the 23 barrier :)
Of course it's a big 'if' but if gold remained around these levels we are looking at a large net cash position next year and annual profits of >$200 million.
Forward P/E just three (with Mintails), based on 240K production.
All we need is a sweet RNS this week and we are flying…
Plenty of big ones too.Things looking very healthy with the every increasing price of gold.Cha ching!!
Go much higher, with P/E rolling 5.7 and plenty of upward momentum.
& if you still haven't contacted the FCAs market abuse team that is truly unacceptable and lazy.
As I keep saying contact Hethen at IR.
Berenberg raises Pan African Resources price target to 28 (25) pence - 'buy'
Hi Mulder. Are you sure PAF will be releasing a Q! update ? Is there a link you can share about this. They usually do an update every six months.
https://www.panafricanresources.com/investors/
They have an investors event on the 10th, so hopefully an update or new presentation to go with it. Events Diary :
Gold Forum Europe Conference 9-10 April 2024
Zurich, Switzerland, Cobus Loots, CEO of Pan African Resources will be presenting on Wednesday, April 10 at 13:50 CET.
Q1 update April.
They are in a closed period...
As much as I like the share, I got to say the news flow here is pretty rubbish, surely there’s something the company can report on!
Mulder, yes the valuation dis-connect here now is unbelievable,we are either going to see some very tasty dividends and possible special divi or we going to be subject to a T/O at a tasty premium IMVHO
$210M Pre tax annual profit with Mintails (2025) at the current gold price and AISC of $1325
Net cash position not far off.
The volume on the buy side here now is the largest it has been for quite some time, it feels like a big buyer is being aided to grab a good slice of PAF at bargain levels ahead of a major re-rating.
Could have a very nice bounce up into the close today IMVHO
Gavster, yes gold is really flying today and may go way higher when the dow opens later,it would not suprise me if we climb back to 22p levels by close today. We are so undervalued it is getting near joke levels now.
.
Gold on fire again ! $2192. Surprised the SP here hasn't leaped up again.
The 20's feel low when considering the company is making money hand over fist right now.
Probably best to consult the Edison Research on PAF.
https://www.edisongroup.com/research/a-happy-valentine/33260/
Is the most recent update which lists their various operations and expected production ounces.
More on their main page going back with all their updates.
https://www.edisongroup.com/equity/pan-african-resources/
I understand your point on concentration on a main mine, however with a resources in the millions of ounces, its considered a cash cow for all the foreseeable future. I actually see it as attractive for the company.
Cheers and GL.
Closed half a penny below where it should have, in a regulated market.
Hi all. I used to hold PAF back in the day, it was trading about 15p I think. They'd just taken over another mie with the intention of mining is (now given up I think?) and were working some tailings.
anyway - the reason I got out os that I didn't really think the second mine would work out as the previous owners were not stupid. Looks like this was lucky. Also I didn't like concentration on one mine and tailings - tailings are great and easy but will never give the big resource numbers that a miner needs to have long term price drivers. One mine = risk.
That said - I did like owning it and kept it on watch list, albeit a long way down.
Can anyone share w snapshot of what has changed? There are a lot of RNS's over time and I am confused tbh :-)
April according to IR.
Yep EPS of c. 1.5p in this quarter alone (pre tax)
Replicate that and the forward P/E drops to 3 even before Mintails.
Hi Selpec.
How long is a piece of string? Paf has a new tailings plant, Mintails, for 50k ounces a year starting to produce in a few months which doesn't seem to priced in at all. The P/E is very low as it is, so any weakness under 20p if the POG pulls back is a buy, as the new mine should take care of a rise back to the 20s anyway. This first quarter of the year has been very profitable for PAF, in fact their most profitable quarter ever imo.
If gold drops down to 2000$, what will be the PAF price?