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

Gone Long on PAF this morning:

*Gold Producer in South Africa
*Fab long term uptrending chart Jan 2009
*Stochs/RSI oversold and both indicator's turning up
*MACDs under 0 with the faster line about to cross slower
*ATR being exhausted suggesting bear's running out of steam
*ADX at 20 suggesting trend downwards weakening
*Sitting on 50 day EMA/lower of the Bolli Bands

Great Week All

I came across this audio interview when I was researching about Pan African.

Its really interesting and its well worth a listen:
http://www.brrmedia.co.uk/event/98351/jan-nelson-chief-executive-officer

LISTEN: Pan African (PAF) - Provisional audited results for the year ended

Click the link below to listen
http://www.brrmedia.co.uk/event/116248/ron-holding-chief-executive-officer

KEEP an EYE

7.32p ( 7.26 v 7.38p )

Has been moving higher since last week AGM, Last September good results were EPS up in sterling terms increased by 65% and paying dividend 0.53108p. Slowly rising for the last few days now on a narrow spread.
Ex-Dividend 10 December, pay date 24 December

Some good interest today with more volume than usual over 2M and share price rising with small spread at the end of the day 7.75 v 7.79p +0.55 +7.64%

Keep going this way aa all Indicators are perfectly position on the TA front
MACD just cross up "0" bullish

↑ GOLD $1021-15 ↑

Full name of person(s) subject to the notification obligation: iii FIL LIMITED
Increased holdings from 5% to 6.52%

119,558,403 6.52% on 26 November 2015

Slowly moving higher now 8.21p +0.47

at this rate soon will be ready to sell

edit - double post

Sold @ 8.145p close bargain

I was aiming for about 1p profit, but managed a bit more 1.296p

I just realised that I am going to get the dividend before the profit from this deal, as it settles on 30 December, she went X-divi last Thursday for 0.53108p.

Ex-Dividend 10 December, pay date 24 December

Bought 30th November @ 7.38p on a T+20
a gain of 17.56 % on 2 weeks

What a difference a day does, 7.75p - 0.47p

look a bit overbought yesterday on the Bollinger Bands, but not expecting to fall so much today

I also own PAF.

COMPLETION OF THE ACQUISITION OF BLUE FALCON 232 TRADING PROPRIETARY LIMITED ("UITKOMST COLLIERY") FROM OAKLEAF INVESTMENT HOLDING 109 PROPRIETARY LIMITED AND SHANDUKA RESOURCES PROPRIETARY LIMITED.

Pan African shareholders are referred to the initial Transaction announcement published by the Company on 8 June 2015, regarding the acquisition of Uitkomst Colliery by the Company.

Pan African is pleased to advise shareholders that the Transaction has become unconditional, and that Pan African assumed effective control of Uitkomst Colliery on 1 April 2016. Pan African settled the Transactions revised purchase consideration of R176 million in full in cash on 31 March 2016. The total net purchase consideration (inclusive of working capital acquired) amounts to approximately R150 million, compared to the R200 million previously announced.

The Uitkomst Colliery will be implementing a BEE transaction similar in nature to those currently in place at Pan Africans Barberton and Evander mining operations. The BEE transaction will result in an additional 9% historically disadvantaged on-mine ownership in the Uitkomst Colliery. This 9% ownership will be held by broad-based trusts and by a strategic entrepreneurs trust. The BEE transaction will be financed by the Uitkomst Colliery on a notional basis, with this notional funding accruing interest linked to the prime interest rate. The Transaction results in limited dilution to Pan African and 80% of dividends issued to the BEE shareholders will be retained to repay the notional funding over a period of 10 years.

A production update for Uitkomst Colliery for the period 1 July 2015 29 February 2016 is as follows:

Run-of-mine coal mined : 412 kt
Saleable coal produced : 278 kt
Wash yield : 67.5%
The life of mine of the operation is estimated at 28 years.

BDO Corporate Finance Proprietary Limited (Expert), who were appointed as the independent expert by Pan African, have concluded that the terms of the Transaction are fair in so far as Pan African shareholders are concerned. A copy of the Experts opinion is available for inspection at the Corporate Offices of the Company for a period of 28 days from the date of this announcement.

Cobus Loots, CEO of Pan African commented: We are pleased to have finalised the Transaction and we welcome the Uitkomst Colliery employees to the Group. The Transaction is expected to be value accretive to Pan African, as previously communicated.

For further information on Pan African, please visit the Companys website at http://www.panafricanresources.com/

StockMarketWire.com
Pan African, the African-focused precious metals producer, has appointed BMO Capital Markets Limited as joint broker alongside Numis Securities Limited and Peel Hunt LLP with immediate effect.

Peel Hunt today reaffirms its buy investment rating on Pan African Resources PLC (LON:PAF) and raised its price target to 26p (from 17p).

Bought some @ 18.75p

Gold prices on the up and is share price after reaching on what it seems lows lately. Profitable company that lately has been moving uptrend. Order book stronger on the bid side, though there is a seller on the order book at 18.75p, that keeps adding stock once is taken by ATs.
Currently the seller or order book hiding the sell amount, added 100K, after all the once before where taken by ATs once again

All the Indicators at oversold and just on the right place for the bounce

First purchase 18.6 time will tell if timing correct!

A very large trade at middle price, signs of overhand being cleared, always happen at the bottom of the cycle ( was down now moving up )

12:54:59
18.875p
9,919,463