Pan African Resources (PAF) - Share Chat

A mid-tier gold producer based in South Africa, this firm is one of the continent’s lowest cash cost gold suppliers.

Anyone tempted ? Future growth looks awesome - goes ex div in 5. Great P/E and PEG plus over 50% undervalued.

Just sold my 1 free share which buys me 54 shares in PAF.

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Which free share was that?

Law Debenture Corp

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I’ve got my Gold mining investments spread across Polymetal, Hochschild, Highland & Pan African. Based on my thinking around the Gold price increasing during the coming year(s), I like the look of all of them. However, I am keeping an eye on Hochschild due to the rare earths side of their business that could become quite important if China decides to block rare earths exports to the US. Interesting times…

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www.proactiveinvestors.co.uk/companies/amp/news/911948

Improvement.

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https://www.sharesmagazine.co.uk/news/market/6966631/Broker-Forecast-Peel-Hunt-issues-a-broker-note-on-Pan-African-Resources-PLC

https://uk.finance.yahoo.com/news/whats-store-shares-pan-african-080835685.html

Another fave of mine and up 8.48% today. Hopefully more to come with the upward POG forecast :clap::+1:

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Strong interim result reported today.

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Latest update from the CEO of Pan African Resources.

Profit after tax up by 86% and debt reduced by almost 50%. Not a bad performance considering this was done during a global pandemic.

Matt

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I am waiting for the right price, maybe when dollars goes lower.

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are these a good buy?:sweat_smile:

I went in below 16 and get out over 18 within a month. Will get back on the next dip.

Doing well so far showed very good numbers last quarter, anyone looking for an exit or holding still to go higher?

I’ll take some profits soon but keep the rest in play I think

With the targeted higher production numbers, the new solar plant lowering their (energy) operating costs and the potential of them becoming debt free by the end of this year, this should see a step up in free cash flow. Even if we ignore the positive sentiment around the gold price, the step up in profits could see the dividend increase and should see the share price continue to rise.

I could easily see myself keeping my position within PAF for at least the next 12 months, if not significantly longer.

DYOR, etc.
Matt

For those interested, a recent PAF broker note.

Matt

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