Pan African Share Price (PAF)

So for you PAF will break out above 24 even if the POG retraced to 2200, which was my question.

Btw. My holding is massive, I trade extra in all my large holdings to improve averages. Normal stuff.

With news around the corner and PE of 3 don’t think this will drop much and if it does it will recover pretty quickly, plenty of buying at this level as PAF is due a re-rate. For me it’s too risky to trade PAF.

Hi. All. I've just put in a hopeful buy order at 22.1p for a number of shares I traded twice already in recent weeks without leaving me short of cash. If it kicks in once again I'll be really overweight in PAF. IMO the drop was a bit overdone yesterday on gold miners but chart-wise the base of the recent gap around 23 is still holding up.

Will gold retrace more, say down to $2200 ? Even if it does, what say Pan African put out an update that increases their 180k-190k ounces guidance to 190k-200k. They surely could as now there's only two months left of their year so PAF will have a much better idea within the thousands of ounces.

Would PAF break out above 24 even if gold meandered around 2200 for example ?

Hi Selpec, The Consort Mine is running using contractors, who are no doubt powering on especially with the POG, it was never shut.

https://www.panafricanresources.com/investors/company-presentations/

In the new presentation from April 10th it is mentioned slide 13 "Consort Mine – access to higher grade

areas will improve H2 performance, Work in progress to realise full impact of remedial measures at higher-cost operations (Consort and Sheba Mines)"

From interim results presentation slide 26 "Revise mine plan to access lower grade mining areas on 17 and 37 Levels – will lead to improved performance during H2 FY24".

Contract Mining : https://www.miningmx.com/news/gold/51906-pan-african-restructures-barberton-mines-amid-below-par-half-year-performance/

"Cobus Loots, CEO of Pan African said in the group’s interim operating report today the company had therefore decided to convert Consort Mine to a “contractor mining model” while continuous operations would be implemented at Fairview and Sheba...There would be no job losses as a result of implementing contractor mining at Consort Mine as employees would be transferred to Fairview and Sheba in line with increased shifts – a step that would reduce overtime costs."

There will be an operational update in the coming weeks, with guidance updated which the SP must clearly be indicating that we, the market, expect an increase like you say by 10k oz.

Figures are rather cautious considering market reaction last year. With POG = 2350$, Consort mine in PAF portfolio can be reactivated as profitable again. However it might have implication on average AISC. Actually I don’t know Cobus plans, but there are options to produce 190 - 200k this year if no major issues.