Pan African (PAF) has made a number of announcements since Edison’s last note in May, including an operational update, the conclusion of the Uitkomst disposal and the disposal of Phoenix Platinum to Sylvania for a total cash consideration of ZAR89m (£5.2m, US$6.8m or US$10.80/oz of Phoenix resource), which is actually accretive relative to PAF’s current group-wide resource multiple of US$8.40/oz. Most recently, on 18 August, it released its customary JSE listing requirement
24 Aug 2017
Disposals hone investment case
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Disposals hone investment case
Pan African Resources PLC (PAF:LON) | 24.0 0 (-0.8%) | Mkt Cap: 533.5m
- Published:
24 Aug 2017 -
Author:
Charles Gibson -
Pages:
13
Pan African (PAF) has made a number of announcements since Edison’s last note in May, including an operational update, the conclusion of the Uitkomst disposal and the disposal of Phoenix Platinum to Sylvania for a total cash consideration of ZAR89m (£5.2m, US$6.8m or US$10.80/oz of Phoenix resource), which is actually accretive relative to PAF’s current group-wide resource multiple of US$8.40/oz. Most recently, on 18 August, it released its customary JSE listing requirement