Member Info for Mulder

Under Article 19(11) of the Market Abuse Regulation (MAR), the period of 30 calendar days before the announcement of an interim financial report or a year-end report, that an issuer is obliged to make public according to the rules of the trading venue where the issuer's shares are admitted to trading or national law, during which a person discharging managerial responsibilities (PDMR) of an issuer is prohibited from conducting any transactions on its own account or for the account of a third party, directly or indirectly, relating to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked to them.

Note that, on 26 May 2016, the FCA announced that, pending clarification from the European Commission and ESMA, the FCA will continue to take the view that, where an issuer announces preliminary results, the closed period will be the 30-day closed period immediately before the preliminary results are announced, provided that the announcement of preliminary results contains all of the inside information expected to be included in the annual report. For more information, see Legal update, MAR: FCA position on closed periods.

30 days pre-results.

Results are end of October - I very much doubt a closed period would start 2 months in advance!

History and charts suggest this should happen and quite swiftly.

Good to see - finally.

£250K from the new CEO.

Results Tuesday

We need to do a Sylvania Platinum and triple from here. It's a tiddler in comparison with nothing like the potential but raced up from 8p to 24p in months.

Targets 16p

Should be far higher IMO

Lets add Sheba to existing production (170K) & assuming similar volume and costs to Elikhulu and you get total production in the region of 220,000oz p.a. and an EPS pushing towards 3.5p

Current SP 7.6p
A forward P/E of just over TWO.

Yes PAF is fairly valued!
FFS - the markets are riddled with corruption and crazy valuations. Ocado has barely ever turned a profit yet has tripled in the past year and trades on a P/E of about 500! Netflix, Amazon P/E 200+

With Sheba 30p-35p would be fair (minimum); 10x earnings.

PAN:SJ
Johannesburg
Pan African Resources PLC
159.00ZAr
+7.00+4.61%

This equates to 8p UK price.
Again not reflected in these crooked markets.

Almost 4M volume in SA also which is very high.

Almost a year on and the SP has gone nowhere.

Cowboy of a CEO Batchelor remains as do his chums Watkins and Co who don't give a toss about the SP so long as they remain in their cushy overpaid jobs.

Certainly suspicious.

Any come back from the FCA - looking into this?
If he has indeed loaned his shares to Odey to short then I'm afraid his holding is bogus and should not be constantly reported as 29.7% - this is fake news and misleading.

Has been performing far better in SA compared to here.

As for Sheba they would be best advised to not expand too soon IMO. Looks like they will not commence work for around a year and hopefully they will be 40-50M GBP better off by then negating the need for another placing.

SP not responded yet.

18,617.22
ZAR GOLD PRICE
+947.99
+5.37%

Even in challenging times Baberton produced £5.3M profit in H1 - this includes £2.2M in depreciation costs.

We really should be looking at pre-tax profit hitting £40M+ for full year 2018-19 and EPS around 2.5p.

PAF is currently trading at just 3x forward earnings.
Seriously? Justification for this - a P/E of 10 is even considered cheap.

What secret does the market know that we don't? Placing? More political interference?
The word 'rigged' comes to mind.

So at current rates full year profit for Elikhulu alone could be close to £30M.

I just wonder whether the SP is being kept down because insiders know Evander may be written down on the balance sheet. I hope not because the reserves have not changed and the gold will not be going anywhere. Other views? Given the rates now Evander may even be able to break even at these prices.

At current exchange rates.
Trading at almost a 30% discount to this with minimal intangibles.

Debt down.
EPS up.
Dividend raised 20%

Dividend yield now well above 8%
P/E 8.6

Very surprised at the muted reaction today - should be trading well over 150p

Weak rand good for paying costs and workers wages. Would not expect much of a divi this month eish. Now where is the next Elikhulu update?