524 days ago
The annual weekend from hell looms. Think of my suffering and please donate to Rogue Bloggers for Woodlarks where, with gift aid, we are now over £10,000 but still more than 95% of you have not donated, you can do so HERE. In the podcast I discuss Lucian’s suffering at the Supply@ME Capital (FRAUD) teach in and why its shares are collapsing, Versarien (VRS), Tern (TERN), Pan African Resources (PAF), Boohoo,com (BOO) and Revolution Beauty (REVB)
4325 days ago
Heck I know that this is commissioned research (i.e. paid for by the company) but analyst Charlie Gibson might be incredibly posh but he is no fool. He does know what he is talking about. And thus when I read his research I generally seem to think that his sums stack up. Today comes a note on Pan African Resources (LSE:PAF) in which Charlie increases his target price from 20.77p to 29.83p in light of the purchase of Evander. With the shares now at 21p, it is worth taking a look because Charlie also predicts a dividend of at least 0.34p per share for the year to June 30th 2013 – thus there is still upside of 43.66% on offer if he is right. And I do think he is right.
4329 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Pan African where he is even more bullish than I am. I hope he is correct.
It is not often that you see a mining mid cap or junior announce a rights issue – the norm these days is a placing at a deep discount, but as part of its recent fund raise, LSE and JSE listed Pan African Resources (PAF) did just that. On 14th January the company announced that the offer (at 14p) has been 175% subscribed for. Given that the shares had moved ahead to 18p after the rights issue was announced I suppose that is not surprising but that Pan African has such widespread support ( and has seen its shares prosper) amid the gold stock bloodbath of 2012 is no mean feat. This was a penny stock going nowhere just a few years ago, so is there market excitement behind it now? I would argue not
4374 days ago
AIM-listed, South Africa-focussed precious metals miner Pan African Resources (LSE:PAF) has today updated investors on the ongoing process for its prospective Rand1.5 billion (circa. £110 million) acquisition of Evander Gold Mines Ltd. At a current 20.75p share price, capitalising the company at just over £300 million (£378 million adjusting for a prospective rights issue), Pan African remains a big winner from my time at t1ps – the website I founded but departed in September – where I first recommended the shares in November 2005 at a share price of 2.6875p. Surely even barking mad Bulletin Board loon Bob Burnard accepts that was a good share tip? The following reviews the current position here…
4384 days ago
AIM-listed, South Africa-focussed gold miner Pan African Resources (PAF) is a big winner from my days at t1ps.com – the website I departed in September after twelve years. I recommended the shares there at 2.6875p in November 2005 and they currently trade at 20p a gain of 644%. The following reviews an announcement the company has made today about a c£50 million right issue and whether there remains more share price upside to come…
4441 days ago
I tipped AIM listed gold stock Pan African Resources (LSE:PAF) at 2.6785p back in November 2005. Long term investing pays off. Ignoring dividends, those who bought then are 570% ahead with the shares at 18p. That values Pan African at £260 million but having just had a long chat with CEO Jan Nelson I am convinced that there is more to come. And here’s why.
