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

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

Updating some old news

Performance by Sector By the Telegraph

http://shares.telegraph.co.uk/sectors/?context=broker-recs&sector=1770
------------------
London Alliance PAF news 2nd Aug
Pan African Resources PLC Tuesday said earnings in the recently
ended financial year are expected to be substantially higher following robust operating
performances from its Barberton Mines and Evander Mines and a boost in gold prices.
The South African­based precious metals mining group said earnings per share in the financial
year to the end of June should be in the region of 29.47 cents to 31.77 cents, a huge lift from the
11.48 cents reported in the previous year.
Headline earnings per share should be between 29.45 to 31.79 cents per share, also a large
increase from 11.67 cents last year.
In sterling, EPS and HEPS will both be within a range of 1.37 to 1.50 pence per share in the
recently­ended financial year, compared to 0.65 pence last year.
Excluding exceptional items, EPS is expected to have risen to a range of 43.10 to 45.50 cents
from the 11.48 cents last year and HEPS will have increased to 43.08 to 45.42 cents from 11.67
cents the previous year.
In sterling, EPS and HEPS before exceptional items will be between 2.0 to 2.13 pence compared
to 0.65 pence last year.
The significant improvement in earnings during the year are a result of improved performances
from Baberton Mines and Evander Mines, both subsidiaries of the company producing gold in
South Africa.
Gold prices were also considerably higher in the period, with Rand prices averaging 22% higher
year­on­year. The spot gold price on Tuesday in dollar terms was USD1,359 per ounce, 28%
higher than the start of 2016 as prices have particularly rallied since the start of the year.
Gold production from Baberton Mines was up 7.0% in the year to 113,281 ounces from 105,776
ounces and production from Evander Mines was up 31% to 91,647 ounces from 70,081 ounces.
Pan African Resources said it also benefited by consolidating the Uitkomst Colliery's results in
the last quarter of the financial year that started in April. That contributed production of 136,102
tonnes of coal in the financial year.
However, the company's platinum production declined in the year because it was adversely
impacted by a lack of feedstock to its operation after London­listed International Ferro Metals
Proprietary Ltd entered into a business rescue plan.
Pan African's platinum operation is situated on the same property that was owned by
International Ferro Metals, which recently sold its troubled South African subsidiary that held the
asset after entering into business rescue proceedings.
International Ferro Metals' distressed subsidiary was hit by a wave of factors last year that led
ultimately led to its demise, but that left Pan African's operations without the feedstock that it was
being supplied by International Ferro's processing operations. Pan African was not reliant on the
feedstock, but it also sourced electricity, water and "certain other services" from the nearby
operation.

19.12.5p +0.625p

A very strong results and a much increase dividend

"The ... group delivered an outstanding set of results for the 2016 financial year. These results include a year of record gold production and profits and the largest dividend payment to date," said CEO Cobus Loots in a statement.

profit after taxation increased by 117.9%
EPS increased by 120.3%
final dividend 0.82338 pence per share (2015: 0.53108 pence per share)

20p +0.75p

Peel Hunt today reaffirms its buy investment rating on Pan African Resources PLC (LON:PAF) and raised its price target to 27p (from 26p).
------------
FLIGHT TO GOLD: Are these two small-caps ready to take-off?
13:40 22 Sep 2016
The British small-caps “have lagged significantly", according to Peel Hunt. But two may be ready to outperform.
Could you make a mint on these two?

Pan African Resources plc (LON:PAF) and Shanta Gold Ltd (LON:SHG) are the two UK top picks in gold mining, according to the broker Peel Hunt, which has released a 41-page update on the sector.

Pan African, which reported stellar results on Wednesday, offers investors income, as it boasts a dividend yield of 4.5%, while Shanta is a ‘deep value play’.

“Its position in the lowest quartile of the cost curve should see it attract attention, but this has historically been overshadowed by the level of debt and concerns over a short mine life,” said analysts Michael Stoner and Peter Malin-Jones of Shanta.

“This has now all been addressed with re-financing and better than expected operational performance bringing the debt to sustainable levels.”

They reckon Shanta, currently changing hands for 10.5p, is worth 21p a share.