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

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.

HC. Please do inform on your research. I am excited by prospects.

Has anyone got recent information on PAF they are willing to share please??

Anybody know anything about this one please?

Results have been announced this morning, pretty meaningless as the merger is going through, but the accompanying text is the pertinent piece for shareholders and potential investors.


This transaction is near conclusion and the Group's advisers are awaiting
certain regulatory approvals prior to release of an Admission Document and the
convening of an EGM for shareholders to consider and if thought appropriate,
approve the transaction.

On publication of the Admission Document the shares will recommence trading,
which hopefully will arise as soon as the regulatory approvals are received.

RNS - Results and merger update.

Results are out, and are pretty meaningless insofar as the company will be a new entity upon return to the market.

For those wondering when that will occur, the section below is the pertinent piece.

-----


This transaction is near conclusion and the Group's advisers are awaiting
certain regulatory approvals prior to release of an Admission Document and the
convening of an EGM for shareholders to consider and if thought appropriate,
approve the transaction.

On publication of the Admission Document the shares will recommence trading,
which hopefully will arise as soon as the regulatory approvals are received.

PAf are due to return to the market soon, before the 20th June if all is correct and in order with the regulators.

There is an excellent opportunity to meet the PAF management on the 26th June, in the heart of the city for an evening presentation followed by an informal discussion session rith the management, accompanied by wine and canopes.

The Chesterfield Hotel is a first class venue, and is only a short walk from either Green Park or Bond Street tube stations.

Attendance is free, and registration is simple, click HERE!


Please note that Leyshon resources and Kalahari Minerals will also be presenting, in what should be an excellent evening for those interested in the AIM junior mining sector.

Thanks for the update Andy, however, your link doesn't work for me, have you got another I can try?