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| Re: Pan African [message #38388] |
Tue, 07 July 2009 16:37   |
ShaunSteyn
Messages: 38
Registered: June 2009
Location: Wellington |
Member |
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Hi,
Any take on where this share price may go? (After Metorex sell)...
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| Re: Pan African [message #40346] |
Fri, 14 August 2009 14:08 |
Bulletjie09 
Messages: 562
Registered: January 2009 |
Senior Member |
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Date 090814
JSE LON DIV Div 39ema
PAN ZARc 74.00 67.23 -9.1 % 3.702 5 % 73
PAF pence 5.55 5.04 10.1 % .256 5.07 %
ExchRate ZAR:£ 13.34 13.34
ExchRate ZAR:£ 14.49 5 March 09
Bit old,
If you would like to read and listen to this article at the same time scroll to the bottom and press play.
Hello, this is Harry Norman for Proactive Investors and welcome to another Proactive audio interview. Today I'm talking with Jan Nelson, CEO of Pan African Resources listed on the AIM Market Mining Sector, Stock ticker PAF, share price 5.5p, market cap £61.19 million sterling. Pan African resources shares also trade on the Alt X Market in South Africa Stock Ticker PAN, web address panafricanresources.com.
[snip]
Please note, Harry Norman who conducted this interview, currently holds shares in Pan African Resources.
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| Re: Pan African [message #40353] |
Fri, 14 August 2009 14:30 |
joshua
Messages: 668
Registered: June 2009
Location: By the SEA |
Senior Member |
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Thanks Bulletjie! Interesting! I bought yesterday including costs at 72. I will keep my I on this one. I only buy into shares on the main board. This is the only ALTX I have.
Thanks once again!
Have a good w/end!
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| Re: Pan African [message #40599] |
Tue, 18 August 2009 16:53 |
Pothole
Messages: 1970
Registered: September 2007 |
Senior Member |
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There has been some life around the PAN price of late.
Pity that the price of gold is not too positive.
Will be interesting to watch over the coming months.
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
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| Re: Pan African [message #40890] |
Fri, 21 August 2009 16:39 |
Bulletjie09
Messages: 562
Registered: January 2009 |
Senior Member |
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SENS out- MTX has sold all it's PAN shares
Jan Nelson, CEO of Pan African commented, "The finalisation of the Shanduka
transaction will be earnings accretive to Pan African, and ensures the company
is fully empowered and well positioned to take advantage of South African growth
opportunities. In addition, the bolstering of our boards will assist in
steering Pan African in its strategic aim to be a low-cost, high-margin, cash
flow positive gold mining company. I look forward to growing our business with the new board members."
Johannesburg
21 August 2009
[Updated on: Fri, 21 August 2009 16:40]
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| Re: Pan African [message #41468] |
Tue, 01 September 2009 10:15 |
Bulletjie09
Messages: 562
Registered: January 2009 |
Senior Member |
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Some intrest in PAN today - probably pre-result run?
Oops - see the results are out....
No DIV - probably see some downside short term.....
[Updated on: Tue, 01 September 2009 10:27]
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| Re: Pan African [message #41617] |
Wed, 02 September 2009 14:50 |
Bulletjie09
Messages: 562
Registered: January 2009 |
Senior Member |
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Pan African Resources annual results: Jan Nelson, CEO, Pan African Resources
[snip]
JAN NELSON: Ja, you know, two years ago we mentioned that the capital was behind, the development was behind, flexibility was a problem. We've increased capital year on year. You can see from the numbers we are up to £4m, and that's going to go to £4.8m in the next year. And I think that capital investment is now paying off. We have flexibility, the development is in place, and we can manage our grade. Just in terms of the sustainability and the prospectivity we made an intersection on one of our sections last week - we made an intersection of 40g/ton over 60 metres, so there's still a lot out there.
ALEC HOGG: Forty grams a ton over 60 metres? I guess that's the attraction of Barberton. It could go on for many, many years yet, and they've been mining there for over 100 years already.
JAN NELSON: I think you are right, but I think one has to spend the capital and put the money back into the asset. So we are seeing good margins, we are making money, but I think we are responsible - we are putting the money back.
ALEC HOGG: So when you see that kind of opportunity in Barberton, the Central African Republic and the Ghanaian prospects that you had kind of pale into insignificance.
JAN NELSON: I think they do. And then you pick up an asset like Phoenix Platinum - it was opportunistic. We picked it up from Metorex at the time, we paid £5m, the NPV is about £30m, so we will have it into production in 14 months - its surface tailings pays back the capital in a year.
[snip]
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| Re: Pan African [message #41620] |
Wed, 02 September 2009 14:56 |
Pothole
Messages: 1970
Registered: September 2007 |
Senior Member |
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Clearly some good volumes here, Bulletjie.
Let's hope that the buying interest will persist for long enough to get the persistent sellers out of the way!
There is good buying interest, but just too much selling interest at the same time, keeping the price down..... .
[Updated on: Wed, 02 September 2009 14:57]
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
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MTX's bookbuilding reflected the LSE:PAF price.
Not sure - but looks like a lot of offers..... Don't think PAN will see a lot of upside soon....
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