Pan African Mining Corp - Jetzt einsteigen?
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"Das Unternehmen verfügt über insgesamt 12.500 Quadratkilometer Land und 22 separate Projekte auf Madagaskar. Anscheinend will das Management noch weitere Areale kaufen. Allein die bereits vorhandenen Uranprojekte bieten spektakuläres Potenzial. Auf rund 2.500 Quadratkilometern befinden sich zahlreiche nachgewiesene Urananomalien sowie ehemalige Produktionsstätten. Durch ein umfangreiches Bohrgramm hat Pan African die Chance signifikante Uranvorkommen entsprechend des internationalen Standards nachzuweisen. Experten schätzen, dass Pan African Mining schon 2007 eine Test-Uranproduktion bei minimalen Kosten starten kann. Dank einer abgeschlossenen Finanzierungsrunde und eines Optionsprogramms verfügt Pan African nun über mehr als sieben Millionen Kanadische Dollar, die für fünf parallel angelaufene Bohrprogramme zur Verfügung stehen. Das sollte für mindestens 18 Monate ausreichen, um auch die Gold-, Kohle-, Nickel- und Diamantenprojekte voranzutreiben."
Die Aktie war auch schon in einigen Musterdepots zu Gast, zum Beispiel 3sat (rein für 1,55 und bei 1,40 wieder rausgeschmissen) und Swiss Trading. Bisher hielt ich die eigentlich für einen im Vergleich zu anderen Explorern und Rohstoffwerten für einen recht soliden Titel.
Weiß jemand, was da heute passiert ist?
Was sagen die Charties dazu?
Kann aber auch zu einem Aufwärtstrend führen der ein wenig anhält, wobei die 13% ein wenig zuviel dafür sind
Kleiner Tipp:
Wenn der Kurs sich jetzt weiter steigern sollte und bei dem bei 1,90 liegenden Widerstand abprallt solltest du erstmal wieder verkaufen und warten bis sich der nächste Boden findet. Der dann entweder auch bei 1,30 liegen wird oder ein Stück höher. So würdest du in der Zwischenzeit wesentlich mehr Gewinne bei deinem "soliden" Wert einfahren
Pan African Mining Corp (C:PAF)
Shares Issued 25,415,742
Last Close 7/4/2007 $3.00
Thursday July 05 2007 - News Release
Mr. Irwin Olian reports
AEROMAG DATA CONFIRMS STRONG DIAMOND TARGETS ON PAN AFRICAN MINING CORP.'S BOTSWANA LICENSES
Reprocessed geophysics data, generated by Pan African Mining Corp.'s independent geophysical contractor, Scott Hogg & Associates Ltd. of Toronto (SHA), has confirmed strong diamond targets on the company's licence area in Botswana. As previously reported in May, two blocks of prospecting licences in Ngamiland, Botswana, encompassing a combined area of 5,476 square kilometres were awarded to the company's wholly owned subsidiary, PAM Botswana Pty. Ltd. The first, designated the Okavango block, is located to the west of the Okavango River, just south of the Namibia Caprivi strip. The second, designated the Tsau block, is adjacent to the north-south section of the Botswana-Namibia border.
The raw aeromagnetic data reprocessed by SHA were drawn from a high-resolution aeromagnetic survey flown in 1997 by the Botswana government. The report by the contractor responsible for the original aeromagnetic survey highlighted two areas of high potential for the existence of kimberlite pipes. One of these target areas is covered by the company's recently acquired Okavango block. The updated geological map of Botswana, recently released by the Botswana geological survey, interprets this area to cover the southern extension of the Congo Craton, which hosts numerous economic diamond deposits. There are no records of any prior systematic exploration over the ground covered by the Okavango block.
The reprocessed aeromagnetic data provide considerably finer detail than was hitherto available. The Okavango block is characterized by a relatively quiet magnetic background, with numerous isolated bull's-eye circular magnetic targets, having estimated source diameters ranging from 100 metres to over 500 metres. Over 50 strong targets have been selected for ground follow-up on the basis of in-house screening of the reprocessed data. The presence of this grouping of singular magnetic features in this size range provides strong encouragement for the potential presence of a sub-Kalahari kimberlite field, and is consistent with earlier studies.
In the Tsau area, in-house screening of the reprocessed data has also identified a grouping of isolated magnetic bull's-eye features, considered comparable with those associated with a cluster of kimberlite pipes. These are concentrated close to the border with Namibia, in the west of Botswana.
An important rationale for the company's diamond exploration in the northwest (Ngamiland) sector of Botswana is the presence of a surface secondary concentration of diamonds and G10 garnets to the west, near the village of Tsumkwe in northeast Namibia. The garnet chemistry, coupled with the presence of associated diamonds, points to derivation of this surface kimberlitic pathfinder anomaly from a high-grade kimberlite or kimberlites situated elsewhere. In-house geomorphological reconstruction indicates that headwaters of a former pre-Kalahari river system were located to the southeast and northeast of the unexplained Tsumkwe kimberlite pathfinder anomaly, in areas covered by the two new licence blocks.
Further encouragement for the diamond potential of Ngamiland comes from the Nxau Nxau kimberlite field, located between the company's Tsau and Okavango licence blocks. The mantle geotherm, defined by compositions of clinopyroxene crystals recovered from the Nxau Nxau kimberlites, closely resembles those associated with important economic kimberlite provinces such as Kimberley in South Africa, Canada's slave province and Siberia. This points to a mantle thermal structure beneath northwest Botswana that is favourable for the discovery of diamondiferous kimberlites, and is consistent with the inferred extension of the Congo Craton into this area.
According to Dr. Andy Moore, the company's vice-president of diamond exploration and a qualified person within the meaning of National Instrument 43- 101: "The identification of unexplored areas of potentially cratonic ground is an important objective of all kimberlite/diamond exploration groups. Quite apart from the encouragement provided by the geomorphology and interpretation of mantle thermal structure, the presence of several clusters of isolated magnetic bull's-eye targets in reprocessed data from such virgin ground provides an important incentive for initiating an aggressive kimberlite exploration program on the company's new licences in Ngamiland. Follow-up geochemical sampling over the targets is anticipated to commence shortly."
30 Jul 2007, 07:01 AM ET
Pan African Mining Corp. announced that the Ministry of Mines and Energy of Namibia has awarded diamond Exploration Reconnaissance Licence (ERL) 106 in favour of the Company's wholly owned subsidiary, PAM Minerals Namibia (Pty) Ltd. The initial licence has a tenure of 6 months, during which time the Company has the opportunity to identify the most prospective ground in the block for conversion to one or more Exploration Prospecting Licences (EPLs), which are typically granted for a period of up to three years.
Die 13%ige Beteiligung von Pan African, ENERMAD, hat Explorationslizenzen zum Bohren nach Erdöl erhalten:
Madagascar Government Grants Prime Offshore Oil & Gas Lease to Pan African Mining Corp. International Oil Affiliate
Friday August 24, 3:01 am ET
VANCOUVER, BC--(MARKET WIRE)--Aug 24, 2007 -- PAN AFRICAN MINING CORP. (CDNX:PAF.V - News) (Frankfurt:P2A.F - News) (the "Company") is pleased to announce that its international oil affiliate, ENERMAD CORP. ("EnerMad"), has been formally awarded Exploration License No. 34/07/TM. The License, entitled "Grand Prix," covers 10 offshore blocks comprising approximately 16,845 sq. km. located to the west of Madagascar's Morondava Basin in the Mozambique Channel. The Company presently owns approximately 13% of EnerMad's 13,603,185 issued and outstanding shares.
Following the 2006 Madagascar Offshore Bid Round which closed on December 8, 2006, EnerMad has been in formal negotiations with L'Office des Mines Nationales et des Industries Strategiques ("OMNIS"), the government agency of the Malagasy State charged with oversight and administration of the country's strategic resources of hydrocarbons and uranium. Those negotiations have now resulted in the finalization and execution of a formal Profit Sharing Contract between EnerMad and OMNIS and grant of the aforesaid Exploration License. The foregoing have now been ratified by the signature of the Honorable President of the Republic of Madagascar, Mr. Marc RAVALOMANANA.
The Exploration License includes a prime multi-zone deep water prospect as well as shallower extensions of the potential field. Prime targets have been preliminarily identified in approximately 1300 m. of water, which would require drilling to a depth anticipated to be approximately 3500 m. A comprehensive independent engineering report is presently being completed by David J. Birnie, P.Geoph., and James A. Mott, P.Geol., of Calgary-based GEOSEIS INC.
The management of EnerMad is comprised of a number of leading oil men from Calgary, Alberta, with over 100 years' aggregate experience in exploration, development and exploitation of petroleum properties internationally. The team is headed by Jim Dalsin, CEO & Director; Soren Christiansen, Chairman; Paul Sicotte, Director; and Ken Schubert, P.Geoph., V.P. Exploration. Limor Rubin, C.A. serves as Chief Financial Officer & Director. In addition, Irwin Olian, CEO and Chairman of the Company, serves as a Director of EnerMad.
EnerMad has incorporated a 100% owned subsidiary in Madagascar, EnerMad Sarl. Mr. James Dalsin is statutory manager of EnerMad Sarl, Mr. Fanomezana RAMBOASALAMA serves as local manager. EnerMad Sarl serves as EnerMad's operating subsidiary in Madagascar. EnerMad presently has in excess of $2 Million cash on hand and is contemplating going public later this Fall.
According to Irwin Olian, CEO of the Company, "We are delighted that Pan African's shareholders will have a stake in EnerMad's offshore oil play. It has all the earmarks of a world-class oil & gas prospect, and companies like Exxon Mobil and Sterling Energy are participating in Madagascar's offshore play with their own licenses in relatively close proximity to EnerMad's. EnerMad, through its senior management team, has excellent access to financing and we do not presently envision any further cash investments by Pan African in EnerMad."
10:30 EDT Monday, April 14, 2008
FSC / Press Release
Pan African Mining Corp. to be Acquired by Asia Thai Mining Co., Ltd.
Vancouver, British Columbia CANADA, April 14, 2008 /FSC/ - Pan African Mining Corp. (PAF - TSX Venture, P2A - FWB, PAFRF - OTCBB_Pink_Sheets), (the "Company"), Asia Thai Mining Co. Ltd. ("ATM") and 0819615 B.C. Ltd. (the "Purchaser"), a wholly owned subsidiary of ATM, are pleased to announce that they have entered into an agreement for the Purchaser to offer to purchase all of the outstanding common shares of the Company at the price of $4.00 cash per share and for the Purchaser to also offer to purchase for cash all outstanding warrants and all outstanding options (vested and not yet vested) of the Company for a price equal to the difference between $4.00 and the exercise price of the respective warrant or option (the "Transaction"). Prior to the completion of the Transaction, the Company will establish a new entity ("NewCo") and transfer to NewCo the following: (i) $2,500,000 cash, and (ii) all of the shares of the Company's non-Madagascar subsidiaries, namely, PAM Botswana (Pty) Ltd., PAM Minerals Namibia (Pty) Ltd. and PAM Mocambique Limitada. Subject to analysis of tax implications and any required approvals, the Company plans to distribute the shares of NewCo to shareholders of the Company as of a record date to be hereafter determined by way of spin off or similar mechanism. The purchase price represents an 84.3% premium over the Company's average closing price for the 20 preceding trading days on the TSX Venture Exchange. The Transaction is anticipated to close on or about May 31, 2008, subject to obtaining necessary approvals and fulfillment of conditions of the Transaction.
The structure of the Transaction will be determined by mutual agreement after taking into consideration tax and other matters, and may be either a formal take over bid, an amalgamation or plan of arrangement. If a formal bid is undertaken, it will be subject to there having been validly deposited and not withdrawn not less than 66 2/3% of the shares of the Company then outstanding. In the event of an amalgamation or plan of arrangement, it will be subject to the approval of at least 66 2/3% of the votes present in person or by proxy at a special meeting of the shareholders of the Company. The formal documentation will include a Pre-Acquisition Support Agreement of the Company confirming the support of the Board of the Company for the Transaction and its agreement not to solicit any competing offers, a Principal Shareholder Support Agreement confirming the support of Irwin A. Olian for the Transaction to be executed by April 15, 2008 and a Lock-up Agreement from directors and officers of the Company. The Company has agreed to pay a break fee of $3,000,000 in certain circumstances. In a separate transaction, Purchaser will be acquiring from Irwin Olian his approximate 1% interest in the Company's Madagascar subsidiaries for a price which is economically equivalent to the $4.00 per share being paid for shares of the Company.
The Transaction is subject to the completion of due diligence and a number of other standard conditions, including all necessary regulatory and shareholder approvals. The Purchaser has represented that the cash consideration payable to shareholders of the Company is in place and accordingly there is no financing condition to closing of the Transaction.
A Special Committee of our Board of Directors has been established to assist with this transaction. The Special Committee is chaired by Gregory Sparks, P.Eng., and also includes Benjamin Catalano and Dr. Edward Schiller. Dr. Peter Christopher acts as an advisor to the Special Committee. Mr. Sparks and Drs. Schiller and Christopher are all Qualified Persons within the meaning of NI 43-101.
According to Irwin Olian, CEO of the Company, "We view this transaction as highly beneficial to the shareholders of the Company as it provides liquidity at a reasonable valuation to our shareholders in this most difficult of financial environments and a significant reward for their financial investments in the Company. At the same time, ATM and its affiliates are highly experienced in mining operations and have access to the financial and technical resources that may be required to bring the Madagascar projects controlled by the Company to fruition. Thus, the Transaction is likely to enhance the prospects for successful commercial mining operations in the future in Madagascar, with strong benefits to the people and economy of Madagascar. This suggests the Transaction will be a win-win for all concerned."
About Pan African
The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at www.panafrican.com.
About Asia Thai Mining Co., Ltd.
Asia Thai Mining Co., Ltd. ("ATM") is a holding company incorporated in Thailand. ATM, either directly or through affiliated companies has extensive experience in the development and operation of mining interests, in particular in respect of coal mining interests. Through its subsidiaries, it is involved in the exploration and development of several coal mines in Indonesia. The company projects its coal production capacity will reach approximately 4 million tons by 2009. ATM forms part of a group of affiliated mining companies, including Saraburi Coal Co., Ltd. ("SBCC"). SBCC has been mining coal and tin in Thailand and other Southeast Asian countries since 1998. In addition, SBCC has recently been awarded a 9-year, US$500 million coal mining contract in Thailand from Electricity Generating Authority of Thailand and SBCC will start work in 2008. ATM is a private company with its registered address and principal place of business at 2034/132-161 New Petchburi Road, Bangkapi, Huaykwang, Bangkok, Thailand.