Tuesday 13 November 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
A “Trading Statement and Production Update” from Pan African Resources (PAF) sees CEO Cobus Loots emphasise “issues, as well as the definitive remedial actions we implemented, were well disseminated to the market” and “we are well on track to deliver into our 2019 targets and look forward to the year ahead”. The shares have though currently responded around 9% lower, below 8p…
It is not just unrepentant former armed bank robbers who engaged in pump and dump. Even the "most respectable" City Nomads and brokers are, it seems, at it. Welcome to 24 hours in the world of Numis.
John Meyer of SP Angel this morning comments on RandGold Resources (RRS) and Pan African Resources (PAF) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
A deflationary environment, issues in China, and the wind down from a bubble in the sector at the start of this decade have all contributed to making it a miserable time for most companies in this space, and of course their shareholders.
South African gold and platinum producer Pan African Resources (PAF) says it will now work to improve volume and grades in key operations after a 68% fall in attributable first-half earnings to £5.5 million. The company, quoted on AIM and in Johannesburg, saw turnover in the six months to December slide 19.5% to £68.1 million, while all-in costs on the gold side rose from $965 (£622) to $1,165 an ounce, the average gold selling price fell from $1,311 to $1,231 an ounce and the South African Rand weakened.
Paid for researcher Edison has today published a detailed ten page note on Pan African Resources (PAF). Penned by convicted felon The Honourable “he hits who he wants” Charlie Gibson the note is bullish in tone (‘natch, Pan pays for this research) but the target price is slashed from 29p to 24.25p.
Yesterday Pan African Resources (PAF) finally appointed a new CEO and FD. That ends one uncertainty and commissioned researcher Edison has published a report suggesting that the shares, at 13p, could be worth 31.4p.
AIM-listed, South Africa-focused precious metals producer Pan African Resources (PAF) has announced the successful commissioning of, and first gold pour from, a tailings retreatment project at its Barberton mines. Will this halt the share slide?
Gold mining stocks such as Pan African Resources (PAF) are not top of the pops but commissioned researcher Edison argues that for Pan, at least, the underlying value investment case is solid.
AIM-listed Pan African Resources (PAF) is a company I have followed for many years – the shares having been recommended by fellow contributor to this website, Tom Winnifrith, at sub 3p in 2005.
AIM-listed, South Africa-focussed precious metals miner Pan African Resources (PAF) is a big winner from my days at t1ps.com – the website I departed in September after twelve years. I recommended the shares there at 2.6875p in November 2005 and they currently trade at 20p a gain of 644%. The following reviews an announcement the company has made today about a c£50 million right issue and whether there remains more share price upside to come…
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