defender2084
03 Mar 2018
Re: RNS Strong Operations Update Elikhulu to produce 55,000 oz at a cost of $650/oz.This is HUGE surely!def ‘84
Stonefold
02 Mar 2018
RNS Strong Operations Update The ZAR USD rate has thankfully began to fall from it's recent high.Looking at the expected figures in the operations update you can see why directors increased their holdings at about 8p last week.IMO there is a good chance of the share price trebling in the next 18 month, with half of that occurring in the next 8 months. But it will be very volatile/risky.[link] parts quoted below."...Barberton Mines - Fairview 11-block MRC orebody gradesThe average head grade for the Barberton Mines complex, which includes the Fairview, Sheba and Consort mines, has risen from an average of 8.7g/t during July to December 2017 to 11.5g/t which was recorded in the February 2018 production month. This 32% increase in head grade is predominantly as a result of mining high-grade ore at the 272 platform since January 2018. The latest on-reef development samples taken in the 272 platform, recorded an average grade of 99.2g/t (ranging from 2.2g/t to 1,320g/t) over a mineralised width of 3.36m along a strike length of 24m. This confirms that the high-grade areas of this mining block are now in production. This high-grade core of the 11-block MRC orebody is encapsulated within a 75m mineralised envelope with the remainder of the mineralisation retrieving an average grade of 10.5g/t. ..""....BTRP regrind mill construction updateThe construction of the regrind mill is proceeding according to schedule with commissioning anticipated in the last week of April 2018. On commissioning of the regrind mill, production at the BTRP is expected to increase to approximately 21,000 ounces per annum. ...."".....Elikhulu construction updateConstruction is progressing ahead of schedule with first gold expected in August 2018. Ramp up to full production of approximately 55,000 ounces per annum is expected to take no longer than two months, after which Elikhulu is estimated to produce gold at an all-in sustaining cost of production of below $650/oz, at the prevailing USD:ZAR exchange rate. In conjunction with the Evander Tailings Retreatment Plant, these two operations are expected to produce more than 70,000 ounces per annum. ......."
Gavster-NBC
01 Mar 2018
Re: Could be a bluff You are right, and I hope so, however the long slow share price dive is a reaction to the sentiment and the 2 or 3 day delay in an announcement suggest otherwise.
shugg1e
28 Feb 2018
Could be a bluff Good company strategy in order to get labour costs down and concessions on electricity and tax perhaps.The unions will cave in if they want to keep their jobs and the end of the day take a 25% hit on costs and keep the mine running take it or leave it until the gold price rises i can see this happening all across the sectorgold is way to cheap.looks like heading back to 4-5p
Gavster-NBC
28 Feb 2018
Is Evander Closing or what ? [link] this is true then not only is a shadow cast over the Share price, the integrity of the company is thrown in the air. Paf has been solid for years, but the silence from them about such news and it's big implications is not good at all. Truffle Asset Management are not impressed given the holdings RNS."a consultation process in terms of section 189 of the South African Labour Relations Act, 66 of 1995" means what exactly ? An argument between the parties about who said what officially.[link] It looks like a halving of profits and return is already priced in but one of the reasons I liked PAF as a investment that came with the straight talking culture or expansion developed by Jan, the former CEO, has now gone. What do others think ?Time for an exit strategy, hold for the gold, or look the buy the bottom of this for the return on Baberton.Need to do a basic calc of paf without Evander.Cheers all.
samdauncey
27 Feb 2018
Re: Zuma to resign? Ramaphosa in. Ramaphosa may have served on the PAF board but the market doesn't seem to feel that this will do wonders for PAF shareholders. Maybe I take the announcements too kindly or there are things happening behind the scenes that I know nothing about. I wish I had the confidence to top my holding back up to the value it was 18 months ago!
Muzzletoff
23 Feb 2018
RNS Updates There seems to have been few RNS on the institutional holdings side of thing. A couple seem to have have interests, and one has disposed of a % of their interests.The CEO and FD also seem to have made purchases, although I note with interest that the CEO has taken out a CFD, which seems a trifle strange, and which arguably is more of a low cost bet, than acquiring shares. Others may have a different of why he has gone the CFD route?Anyway, sound like the board are attempting to send a message of some sort to the market. But the price has sunk anyway.Maybe one of the selling institutions stock is overhanging the market.How far can this falling knife go?
Bull Attack
09 Feb 2018
Re: Update The won't increase rates. They will start QE4 as the stock market tanks and to buy US debt that nobody will buy. So the dollar will sink not rise. Printing money devalued your currency.
Muzzletoff
08 Feb 2018
Re: Update Unfortunately PAF's statements tend to be in ponderous language. So it took a while to work through that the earnings per share seem to be drastically reduced in the near term.The price of gold has also dropped. I have tended to use PAF as a bit of hedge against equities, but it seems I have a caught a falling knife.If interest rates go up in the USA it is likely the dollar will strengthen, and that may also impact.Think that bitcoin etc. have not helped in providing an alternative distraction from gold to fiat money. Though maybe they will prove a flash in the pan?
Thedarkkn1ght
06 Feb 2018
Zuma to resign? Ramaphosa in. Ramaphosa has served on the PAF BOD I understand.Can only help.
Andy Reilly
02 Feb 2018
Re: Update R - Cyril R has got to be better for SA than the dreadful Zuma, and I hope that he is both good for the many black South Africans and the mining industry.... there is no reason why the two shouldnt benefit from better governance. ATB
Rellim05
02 Feb 2018
Re: Update Just a point. The replacement for Zuma happens to be an ex chairman of PAF, Cyril Ramaphosa, a very bright barrister who was instrumental in getting Nelson M. released, and happens to be business friendly and appears to be of high morality.
Andy Reilly
02 Feb 2018
Re: Update Gold is notoriously subject to changes in sentiment, and is a contrarian play against stocks doing badly..... SO I feel your comment about PAF taking 'years' to come good is more to do with your dsappointment than anything else. These miners in SA are a risky play, and still recovering from the commodities boom unwinding! BUT where there is high risk there is high reward - IF at the right time! Meantime I am so glad to hear those poor miners stuck down a mine shaft in SA have now been freed. I hope they are all doing well now... it really wasnt nice for them, or their relatives, so relief all round.... and it just high lights how relatively easy our lives are by comparisson. ATB to all holders -
samdauncey
01 Feb 2018
Update Did no-one read today's Update and Trading Statement (see News)? Technical problems, processing problems, industrial action (I thought they had good industrial relations, compared to the big boys), protests, reduced gold price, enormous reduction in EPS. Basically a profit warning. And there's a new man in Zuma's place.I've held PAF for years and had recently got into profit, most of which disappeared with today's fall. It looks to me as if we are going to have to wait quite a few more years for all the correctional actions they mention to bear fruit.
Andy Reilly
01 Feb 2018
Re: big big deal coming and 18p Shuggle I am alas talking through my backside about the rising diagonal - UNFORTUNATELY it intersected horizontal support today, and thus it isnt surprising the 'dam burst', as 2 sets of support were breached today - BUT the SP sank to a another downwards diagonal (I have on my chart), and promtly recovered to where it is now. Its going to be interesting to see whether the second diagonal becomes support, BUT clearly PAF and gold are having a tough time of it.... as I say, its probably just a matter of waiting for the recovery to kick in!!! IF you buy - and I NEVER listen to posters on these BBs (well very few anyway) as to whether any stock is a buy or sell, so I can only wish you lots of luck whatever you decide! ATB
