Pan African Resources Share Price (PAF)

The VanEck Gold Miners ETF has practically recovered the drop this week, as has the gold price.

We should be up a penny and definitely at least a penny or two by any possible announcements on the 10th.

General Meeting

https://www.lse.co.uk/rns/PAF/proposed-capital-reduction-and-notice-of-general-meeting-jq0x1ecelixxzic.html

Notice is hereby given that a General Meeting of Shareholders (General Meeting) will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Monday, 10 June 2024 at 10:00 (all references to time in this notice is United Kingdom time, unless otherwise stated).

News, progress or any kind of Q&A with the directors.

Hi Selpec, please remind me what's on 10th June please (your comment - waiting for 10th June or significant increase in price of gold). Cheers

It's a bad couple of days for PM miners, but even with the real problems of South Africa having effect on us, FRES is down by nearly 7% today compared to PAF.

So.. Chartwise the problem is PAF has broken lower than the trend, but a floor should be the 200 day moving average, which is at around 23.3. Which doesn't exactly represent much downside. Especially when we have a slow rise to the production uptick later this year.

Any Q & A for Loots at this extra AGM ?

Hi RayCr

Thanks for that, as a far off onlooker invested in the UK, it's difficult to know how the various parties are perceived business-wise. IMO though, it would be better for the corruption index that more people are involved in governing.

There's also the view that "All roads lead to Rome" in the sense that when load shedding gets under control, the economy will improve no matter who's governing.

Would this news cast more sentiment on our SP that the politics ?

https://dailyinvestor.com/energy/52690/load-shedding-will-be-back-soon/

Energy experts have warned that load-shedding will return in the coming week as demand ramps up due to colder weather. Eskom has promised to limit power cuts to stage 2 but has not ruled out the possibility of higher stages. Parts of South Africa are expected to be hit by a cold front starting Monday, with Gauteng set to be hit particularly hard.