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

??--does that mean mildly rising price??

this one is still rising nicely towards results--I'm surprised there's so little interest.

looking good for next week-anyone else in?

M+,

I hold, and have done for a while, and will be holding for the longer term here.

Same for me-very pleased so far, this was a tip from Tom W I might subscribe soon he seems to produce some good ones.

M+,

Well I saw their recent presentation at Minesite, and their prospects certainly look interesting.

The reason I invested was the quality and experience of the mangement.

I like the look of CDE Andy--only just noticed that one.

Looks like we have hit Gold gents.

http://www.moneyam.com/action/news/showArticle?id=1269305

Gavin,

And lots of it!

sp still rising nicely-anyone able to work out a fair value sp if the other 88% comes good as well? I'm an excited holder but don't want to be greedy!

moneyplus,

Without knowing what is actually in the ground, there is no way we can put a value on it.

This is more of a long term play, and it will take some time before thay have any idea whether the remaining 88% is commercially viable or not.

PAF have management quality, and will probably reward the patient IMO.

thanks Andy-watch and wait for a while I think.

moneyplus,

From Mining Weekly.

-------------------------------------


Increase in resources reported at Moz gold project
--------------------------------------------------------------------------------

Aim-listed Pan African Resources, a gold exploration company, on Tuesday reported a 24% increase in resources at its Manica gold project, in Mozambique.

The resource has been increased by 254 398 oz to 1 311M oz as a result of a recently completed infill drilling programme and updated geological information at the project and verified by ExploreMine Consultants and Geologix MRC.

CEO Jan Nelson said that the resource at Manica had increased by 57%, or 511 280 oz, over the last eight months and the currently delineated resource represented only 12% of the total mineralised strike length.

We are focussing our exploration efforts on three major target areas outside the currently stated resource area, to evaluate each areas potential to contain in excess of 500 000 oz, he said.

Meanwhile, the companys total resource has been upgraded from 9,63-million tons at 3,41g/t (1 056Moz) to 14-million tons at 2,89 g/t (1 311Moz).

The resource at the Fair Bride prospect has been increased by 17% to a million ounces as part of the ongoing prefeasibility study to evaluate the viability of an open-cast mine.

Work on the prefeasibility study at the Fair Bride prospect is on schedule and I look forward to reporting on the results of both these programmes in the midterm.

very good news-thanks Andy. pity the sp hasn't responded much yet.

moneyplus,

The whole market seems to be absorbing good news at the moment, which is normal for this time of year IMO.

I am happy to hold these, and accumulate on the dips, as I feel they are one to buy and forget for the next couple of years or so.

I hope to accumulate over the next few months as well -very happy to hold these.

Has this tread moved??

Oops great start to the tread!! I did, of course, mean thread. So is this thread dead - I do hope not, or point me in the right direction please. Thanks.

still holding these as they have put out good announcements and the sp is slowly creeping up.

Also, still holding, but not expecting immediate profit.
Sadly, news is a bit thin on the ground for PAF, but am researching a will post when available.