http://moneyam.uk-wire.com/cgi-bin/articles/20050126070000PE650.html

gold on the up over $1700.
Shares are cheap as chips

with gold over $1700 - mega profits & divi should be good this year

EPS figure is pretty good for 2011 at 63% but not sure the 2011 divi is going to be that great at c3.4% (forecast) compared to other years, but of course with a marked drop in the sp that will change, though divi is in DEC (I assume?) so anything can happen between then.

Of interest from NortonFolgate on another discussion board

"Ok, I spoke to Phil Dexter at St James's Corporate Services Limited late this afternoon.

1. The audited full year results and dividend recommendation RNS is due out on 12th Sept as others have mentioned on here.
2. There is still the possibility of a trading update RNS before that date. The figures are currently with the accountants and if they determine a 20% difference in profit an RNS will be issued before 12th Sept.
3. Now this is the bit that surprised me: He said that he thought Phoenix production was due to start next month. He sounded very sure of this. I was surprised. I double checked this, I was put on hold for a bit and then when he came back Sept/Oct was mentioned. Full production is still targetted for Q1 2012 but even plant acceptance seems a lot more than a month ahead of schedule to me. And he said plant cost was under budget (which I think we all already knew but it's nice to hear it confirmed again). I came aware with from the call with a strong conviction that Phoenix production will commence next month. I sold some stock that I feel is going nowhere at the moment and quickly bought some more PAF:
15:53:59 12.45p 49,551 6,169 12p 12.5p BUY O

Apologies for not sharing this before 4:30."

http://www.moneyweb.co.za/mw/view/mw/en/page295799?oid=550155&sn=2009+Detail&pid=287226

19 August 2011 23:14 Pan African to list Manica separately (excerpt): Jan Nelson - CEO, Pan African Resources

Interviewer ProfileAlec Hogg is a writer and broadcaster. He founded Moneyweb and is its editor-in-chief.

Shareholders could be in for R100m bonanza.

ALEC HOGG: It's no secret that one of my favourite stocks is the Barberton gold miner, Pan African Resources. Maybe they are going to hit another golden quarry, as it was, that they hit there in the late 1800s. Who knows? Anything can happen in greenstone mining.
But today it announced that it is separately listing Manica it's Mozambican gold prospect. I asked the chief executive Jan Nelson for a little bit more information on the mine.
***

JAN NELSON: It's a greenstone gold project that outcrops on surface and it's got a total resource just short of three million ounces. Half of that is measured and indicated. It's got still quite a bit of exploration potential we've only explored about four kilometres of a total of 20 kilometres. But it also has the potential for some more for the fact that the mining could start on a much smaller scale in the short term.

ALEC HOGG: You talk about an outcrop in other words, very close to surface.

JAN NELSON: On surface, yes.

ALEC HOGG: So pretty easy then to mine.

JAN NELSON: Yes.

ALEC HOGG: I see from the detail that you actually are talking to TWP and Basil Read as coming in as partners here.

JAN NELSON: Yes, what we've done is we've appointed a new executive team for the project. And, as we've mentioned, the idea is to list it separately. One of the executive directors that will come on board is Dean Cunningham, and TWP and Basil Read are being brought on board as strategic partners to help develop the project. So I think it's all positive. They wouldnt have necessarily invested in Pan African with its other diversity assets, but in this projects specific asset thats listing separately, thats attractive to them.

ALEC HOGG: But I presume then that they would be doing the mining for you?

JAN NELSON: Well, we would think so.

ALEC HOGG: It sounds a little bit like a mining version of a Jannie Mouton youve got a project within a company, and youre separately listing it on the side. Whats the motivation here?

JAN NELSON: Alec, it's quite easy. If you look at our focus in South Africa, it's on Barberton and expanding that and we've got big organic expansion programmes going on. You know, we are looking at the tailing operations there and it's going to require another R260m of capex to process an additional 25 000 ounces. Phoenix [Platinum] is going into production and we want to expand that. And we are looking at other acquisitions in South Africa, assets that are operating at the moment. So we've got a big South African focus whereas this project, Manica, has still got quite a bit of exploration. Our major institutional shareholders and also the board dont want to spend that money on development, they'd rather spend it in South Africa. At the same time we dont want to have a project stand still. So we believed the best way to unlock value was let us focus on South Africa, lets list this separately, give it its own team, and it can go and make its own call on capital on the markets.
We will retain not a stake that will be incumbent to the company, but a smaller stake where we can also realise some further upside down the line and we can also supply them with some skills if they are required.

ALEC HOGG: Are you looking also to raise some capital for Pan African through this spin-off?

JAN NELSON: Well, we think through the spin-off, yes. We will certainly sell down a stake that we hold in the project, and we will use some of the proceeds from that stake towards our capital commitments and we could declare a special dividend to our shareholders.

ALEC HOGG: How big a project is Manica? Financially? If you list it as a separate company, how big could the cap be?

JAN NELSON: We think it could be anywhere between US$100m and $200m.

ALEC HOGG: Hows that one, Wayne? This is a company thats only worth R2bn total market cap. Not too many shareholders even knew that they had an operation in Mozambique it's such a small part of the business. Quite nice to put R700m back into the balance sheet.

WAYNE McCURRIE: Very nice, very much so, Alec. And I must say we agree with you we also like Pan African Resources a lot.

ALEC HOGG: Youve done well on it, Wayne. Unfortunately I am not a shareholder of this company, but you are and its doubled in the past year. Well, if youve made the money on this one, you certainly wouldnt be selling now.

Pan African Resources increases dividend in profitable year
StockMarketWire.com
Pan African Resources has announced annual results for the year ended 30 June 2011, showing gross revenue for gold sales increased by 15.62% to 79.2 million (2010: 68.5million).

EBITDA increased by 14.00% to 28.5 million (2010: 25.0 million).

Attributable profit increased by 20.28% to 17.2 million (2010: 14.3 million).

Earnings per share ('EPS') increased by 15.38% to 1.20p (2010: 1.04p) and headline earnings per share ('HEPS') increased by 12.15% to 1.20p (2010:1.07p).
Profit margin increased by 30.36% to US$ 584/oz (2010: US$ 448/oz)and resource inventory increased by 22.46% to 5.67 Moz (2010: 4.63 Moz).
The Group's cash balance was 10.1 million (2010: 12.8 million) at year-end.
The compnay increased Group capital expenditure by 255.93% to 21.0 million (2010: 5.9 million).
Proposed dividend has increased by 37.93% to 0.5135p per share (2010: Final dividend of 0.3723p declared).

Special Report Podcast: Jan Nelson, Pan African Resources CEO
http://www.moneyweb.co.za/mw/view/mw/en/page299360?oid=551738&sn=2009+Detail&pid=295683

A bounce up would be appreciated any time soon!

Ex-divi tomorrow, 9th Nov.

.

'Cos I sold just after the divi with a little profit! was hoping they would drop further for a better re-entry point. Damn!

.

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Pan African has entered into negotiations, which
if successfully concluded may have a material effect on the price of the
securities of the companies. Accordingly, shareholders are advised to exercise
caution when dealing in the Company's securities, until a full announcement has
been made.

Rosebank

17 November 2010

These are isable 'Arry......you can buy and sell at will in there...I'm in more by luck than anything else !...

Pan African announces that the following issue of Pan African ordinary shares
of 1p each ("Shares") has been made, following the exercise of share options
granted under the Company's share option plan:

* 723,650 Shares were issued at a price of ZAR0.83 per Share, for a total
consideration of ZAR600,629.50

Application will be made today, to the AIM market of the London Stock Exchange
("AIM") and to the Main Board of JSE Limited ("JSE") for 723,650 shares to be
admitted to trading on AIM and for listing on the JSE, with admission to
trading and listing on both markets expected to occur on 1 December 2011.

Following the above issues of shares, the total issued share capital of the
Company comprises 1,444,964,361 Shares.

Pan African, the African focused precious metals producer, is pleased to
announce it has successfully commissioned the Phoenix platinum project
(`Phoenix') Chrome Tailings Retreatment Plant (`CTRP') and signed a sale of
Platinum Group Metal (`PGM') concentrate agreement with Lonmin plc's operating
subsidiary in South Africa, Western Platinum Limited (`WPL').

Summary
* Phoenix has concluded a sale of PGM concentrate agreement with WPL for a
five year period

* The CTRP produced its first PGM concentrate two months ahead of schedule

* Planned production for Q3/Q4 (FYE 30 June 2012), taking into consideration
a build-up phase, is estimated to be 4,500 ounces of PGM's

* Planned production on an annualised basis is estimated to be 12,200 ounces
of PGM's (240,000 tonnes per annum at an average feed grade of 3.15 g/t)

* The CTRP has a project life of 17 years

Tempted to buy at this price. Seems to be good chart support.

Renewal of Cautionary Announcement
PRNW
Pan African Resources plc (Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 (`Pan African' or the `company') FURTHER CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement dated Thursday, 17 November 2011, shareholders are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the securities of the company. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities, until a full announcement has been made.

I like this company :-)
25 January 2012
Pan African Resources PLC
("Pan African" or the "Company")

(Incorporated and registered in England and Wales under Companies Act 1985 with

registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next, will differ by at least 20 per cent from those of the previous corresponding period.

The Company advises shareholders that the earnings per share and headline earnings per share for the six months ended 31 December 2011, denominated in Pound Sterling ("GBP"), are expected to be between 83 per cent and 93 per cent higher than the 0.53 pence per share generated for the six months ended 31 December 2010. Earnings per share and headline earnings per share, calculated in South African Rand ("ZAR"), using the average ZAR: GBP exchange rate of 12.06 that prevailed during the six months ended 31 December 2011, are expected to be between 97 per cent and 107 per cent higher than the comparable period's 5.97 cents per share at an average ZAR: GBP exchange rate of 11.18.

The financial information for the six months ended 31 December 2011 and contained in this trading statement has neither been reviewed nor reported on by the Company`s auditors. Pan African is currently finalising its unaudited results for the six months ended 31 December 2011 and it is anticipated that they will be released on 22 February 2012.

Pan African is incorporated in England and Wales under Companies Act 1985 and accordingly its presentation currency is GBP.

For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com


Enquiries
South Africa UK

Pan African Resources RBC Capital Markets


Jan Nelson, Chief Executive Officer Martin Eales / Peter Barrett-Lennard

+27 (0) 11 243 2900

Pan African and Witwatersrand Consolidated Gold Resources have formed a 50:50 partnership to acquire 100% of gold producer, Evander Gold Mines from Harmony Gold £139m.

The Evander operations are located in Mpumalanga, South Africa, and comprise the operating Evander 8 shaft, and several potential development projects namely Rolspruit, Poplar, Evander South, Libra (surface tailings resource) and the Kinross metallurgical processing plant, and a tailings facility (Project Libra).

The total underground resource represents 32.5Moz (147Mt @ 6.88g/t)2 and a reserve of 7.6Moz (29.5Mt @ 8.02g/t).

The Evander 8 shaft currently has an expected life of mine of more than ten years.

Evander is expected to produce between 85,000 and 95,000 ounces per annum.

Pan African chief executive Jan Nelson said: "Evander meets our investment criteria in all aspects and has the same ability to yield high margins as our Barberton mining operations.

"The Evander 8 Shaft orebody has gold grades in excess of 14g/t in the measured and indicated resource category, an extremely experienced management team and workforce, as well as good infrastructure."



At 2:20pm: (LON:PAF) Pan African Resources share price was -0.75p at 16.75p