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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?
Too big yet to cheap!!
PAF is too big for takeover. And mining business is too complex and probably dirty in South Africa. I hardly believe in takeover that somebody else can manage this company.
Huge after hours buys, hope someone is building a stake for takeover
Yep it is a scandal and market manipulation.
Contact the FCA market abuse folks.
Said it many times.
Takes 2 mins to complete the form. Use the time as of now.
21.10p once again complete disconnect between JSE and LSE
Looks like the glitterati want to take us under 20p again to test the resolve of the snowflakes, we will be back though and see as a top up opportunity :-)
I bought 41,369 earlier. Been meaning to buy for months but have at last.
Another 5000 shares at 13.55
GLA
JSE closed today
I had to double then triple take looking at this to believe it.
£1,724.6 or 41,198.76 ZAR !
Can we get past 22.3p ?
Surely this will be a record quarter if guidance production has kept up.
.
Tomorrow back to 22 gold flying!!
Patryk, yes the usual shenanigans from what seems a solo ii , i think we could and should be testing the 27p levels before long. There are many deep pocketed companies looking for solid producing Gold miners and very few available for anywhere near fair value....thats why this in my eyes PAF is nailed on for a T/O and i would be astonished if not currently being run over the slideruler by someone.
Im adding !
Usual manipulation before Fed opens its mouth, load up for the 30s…
Bargain shares on offer again :-) yes please !
This is being setup for a T/O
Not certain of that Mulder,a tasty pay off if offered would see them run faster than a ferret up a trouser leg lol
We are in serious play now IMO
Suspect Cobus and Co would want to remain on the board in such an event though.