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

Appears to be a private investor with a big holding. Done a couple of searches over the past week to find who he is but come up with nothing to date.

Thanks for that. I looked could not find anything about Mr Drinkwater. I hope he keeps buying.

He has a big holding and it makes you wonder what he knows to make him so confident about the company. It would be nice to get some news flow going soon so we can start to see the SP really take off.

There is not much mentioned about PAF on other boards. There website is not very informative. However going off there recent announcements i think they are very good prospect ( no pun intended ).

Have also looked for Mr Drinkwater again - nothing.

Any contributions welcome on this company

The lack of news and awareness of PAF is one of the items that attracted me to this share. It has great prospects for the near and long term future and yet the SP is comparatively low to other mining companies. I'm pretty confident that once the news starts to flow with regard to the drilling results and they get a few mentions in the mags and papers the SP will move up at a fair pace.

Meanwhile, it's a case of being patient and just waiting for it to happen, because when it does, the rewards should well worth it!!

IMHO DYOR

Another large buy went through again today, I wonder if Mr Drinkwater is still adding to his holding?

Maybe. PAF year end is March. So perhaps they make an announcement re new mines etc and that Drinkwater is building his stake to make a killing then.

The results should be interesting, good potential to see the SP move upwards as we get closer to them and an update on drilling and new mines would be great.

Very quiet day for trading today!

All very quiet buts its not a high profile share. Hopefully it will be !!

Agreed frenchpark8, seen a few more shares changing hands over the last few days which has been good to see. Interesting to see what happens over the next few weeks as we move closer to the results.

Huge order went through this morning, surprised the SP has not moved up since that one!

About time this moved up again with the volume of large buys going through. Lets hope it continues to move up as we move towards the results.

From .........SHARES STRONGLY UP/DOWN this week 09/01/06 (Master RSI) (UPS)This is my selection for the "UPS" this week PAF

Share	Volume	Chart	News	Various
PAF price 3.875p	Rising volume buying last Thurday and mainly Friday	Indicators turning up again , and MACD ready for the crossing of divergence, could try for a BREAKOUT on this new Uptrend	A GOLD Convention less than two weeks away were the company is participating, Gold prices at record levels at the moment, and projects coming to fruition not far away	The directors called "heavy hitters", have a very good reputation on the mining industry the cash will last for a while and adquisitions are on the pipeline

Chart for the last 6 month, worth to mention the share price has been holding above the 50 days moving average, and that is very positive.



A new web is being done and works very fast and efficient
Link to web .........http://www.panafricanresources.com/

a nice steady riser - 5p before long

seagull,

I hope you're right, but I may add before that happens!

The new management seem to be moving PAf in the right direction, these things take time.

Another sudden lift today on good news--this was tipped by Tom on TiPs--looks like he's picked a good one. I hope to keep adding at these prices.

This company could do with a better thread!

still rising nicely-I'm still holding. pity there's not more interest in this one the buys are quite chunky today!