{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/LSE/PAF",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PAN AFRICAN RESOURCES PLC (LSE Main Market: PAF) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PAN AFRICAN RESOURCES PLC, listed on the LSE Main Market under ticker PAF, with ISIN GB0004300496 and LEI 213800EAXURCXMX6RL85. Its security type is Corporate, its segment is STMM, its sector is Precious Metals and Mining [551030], and its jurisdiction is England and Wales (Companies House jurisdiction field). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 63 filings on 56 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 6 days, against an exchange median of 4 days and a sector median of 7.0 days. The median latency from latest filing to record date is 3 days, against an exchange median of 3 days and a sector median of 3.5 days. The latest filing is a regulatory_announcement dated 2026-11-03. The exchange median filings count is 29.0 and the sector median filings count is 38.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers LLP. The auditor's location is not on the record. Auditor changes are not on the record, because no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the elective professional client category the signal is ACM-200 and the outcome is determinable. For the eligible counterparty category the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's own investor-relations page names 11 research houses: Jefferies International, RBC Capital Markets, Canaccord Genuity, Shore Capital, BMO Capital Markets, Peel Hunt, Berenberg, Vunani Securities, Nedbank, Absa Securities and Investec.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record. The live record began on 2026-09-11. The store holds sealed years 2021 through 2026 that are not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n11 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PAF (identity.isin)\n- https://find-and-update.company-information.service.gov.uk/company/03937466 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://www.londonstockexchange.com/stock/PAF/pan-african-resources-plc/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/LSE/PAF (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://www.panafricanresources.com/wp-content/uploads/2025/08/Pan-African-Annual-Report-Dec-07.pdf (the auditor)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.panafricanresources.com/investors/research/ (coverage)\n- https://mcp.uk-cm-kg.ai/record/LSE/PAF (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "Tavily regex · adjudicated by Claude",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.panafricanresources.com/wp-content/uploads/2025/08/Pan-African-Annual-Report-Dec-07.pdf",
    "state": "filled",
    "value": "PricewaterhouseCoopers LLP"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/LSE/PAF",
  "coverage": {
   "count": 11,
   "houses": [
    {
     "analyst": "Giovanni Holmes",
     "house": "Jefferies International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Laura Chan",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Tim Huff",
     "house": "Canaccord Genuity",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Edward Maravanyika",
     "house": "Shore Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Raj Ray",
     "house": "BMO Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Peter Mallin-Jones",
     "house": "Peel Hunt",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Richard Hatch",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Keenen du Toit",
     "house": "Vunani Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Arnold van Graan",
     "house": "Nedbank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Herbert Kharivhe",
     "house": "Absa Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    },
    {
     "analyst": "Nkateko Mathonsi",
     "house": "Investec",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.panafricanresources.com/investors/research/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.panafricanresources.com/investors/research/",
     "result": "read: 11 of 22 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 892,
     "median_cadence_gap_days": 4,
     "median_filings": 29,
     "median_latency_days": 3,
     "name": "LSE Main Market"
    },
    "sector": {
     "issuers": 45,
     "median_cadence_gap_days": 7,
     "median_filings": 38,
     "median_latency_days": 3.5,
     "name": "Precious Metals and Mining [551030]"
    }
   },
   "by_type": {
    "agm_record_date": 3,
    "ch_accounts_filed": 4,
    "ch_capital": 4,
    "ch_confirmation_statement": 1,
    "ch_officer_change": 2,
    "ch_other": 3,
    "ch_resolution": 2,
    "corporate_action": 8,
    "director_dealing": 6,
    "early_warning": 14,
    "financial_statement": 2,
    "regulatory_announcement": 14
   },
   "cadence_median_gap_days": 6,
   "filing_days": 56,
   "filings": 63,
   "latency_days": 3,
   "latest": [
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www.investegate.co.uk/announcement/prn/pan-african-resources--paf/cdi-monthly-movement/9854747",
     "title": "CDI Monthly Movement",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-10-28",
     "source": "https://find-and-update.company-information.service.gov.uk/company/03937466/filing-history/MzU1MzI2MzEzMGFkaXF6a2N4/document?format=pdf&download=0",
     "title": "accounts with accounts type group — 2026-06-30",
     "type": "ch_accounts_filed"
    },
    {
     "category": null,
     "date": "2026-10-26",
     "source": "https://www.investegate.co.uk/announcement/prn/pan-african-resources--paf/holding-s-in-company/9842010",
     "title": "Holding(s) in Company",
     "type": "early_warning"
    },
    {
     "category": null,
     "date": "2026-10-23",
     "source": "https://www.investegate.co.uk/announcement/prn/pan-african-resources--paf/notice-of-annual-general-meeting-proposed-ad-/9837874",
     "title": "Notice of Annual General Meeting, proposed ad...",
     "type": "agm_record_date"
    },
    {
     "category": null,
     "date": "2026-10-23",
     "source": "https://www.investegate.co.uk/announcement/prn/pan-african-resources--paf/holding-s-in-company/9839655",
     "title": "Holding(s) in Company",
     "type": "early_warning"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/PAF",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "LSE Main Market"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PAF",
    "state": "confirmed",
    "value": "GB0004300496"
   },
   "jurisdiction": {
    "read_by": "Companies House REST API (company profile) (jurisdiction field)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://find-and-update.company-information.service.gov.uk/company/03937466",
    "state": "confirmed",
    "value": "England and Wales (Companies House jurisdiction field)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN GB0004300496)",
    "state": "sourced",
    "value": "213800EAXURCXMX6RL85"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "PAN AFRICAN RESOURCES PLC"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/PAF/pan-african-resources-plc/company-page",
    "state": "sourced",
    "value": "Precious Metals and Mining [551030]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "STMM"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "PAF"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/PAF/pan-african-resources-plc/company-page",
    "state": "sourced",
    "value": "www.panafricanresources.com"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:3f4632a51d91fb924f350ace4c98624f877cb875be69e5411b330097d6b768c4",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "eligible counterparty": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/LSE/PAF",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:3f4632a51d91fb924f350ace4c98624f877cb875be69e5411b330097d6b768c4",
 "path": "/uk/LSE/PAF",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PAN AFRICAN RESOURCES PLC, listed on the LSE Main Market under ticker PAF, with ISIN GB0004300496 and LEI 213800EAXURCXMX6RL85. Its security type is Corporate, its segment is STMM, its sector is Precious Metals and Mining [551030], and its jurisdiction is England and Wales (Companies House jurisdiction field). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 63 filings on 56 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 6 days, against an exchange median of 4 days and a sector median of 7.0 days. The median latency from latest filing to record date is 3 days, against an exchange median of 3 days and a sector median of 3.5 days. The latest filing is a regulatory_announcement dated 2026-11-03. The exchange median filings count is 29.0 and the sector median filings count is 38.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PricewaterhouseCoopers LLP. The auditor's location is not on the record. Auditor changes are not on the record, because no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the elective professional client category the signal is ACM-200 and the outcome is determinable. For the eligible counterparty category the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 11 research houses: Jefferies International, RBC Capital Markets, Canaccord Genuity, Shore Capital, BMO Capital Markets, Peel Hunt, Berenberg, Vunani Securities, Nedbank, Absa Securities and Investec.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record. The live record began on 2026-09-11. The store holds sealed years 2021 through 2026 that are not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "11 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PAF"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://find-and-update.company-information.service.gov.uk/company/03937466"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/PAF/pan-african-resources-plc/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/PAF"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the auditor",
   "source": "https://www.panafricanresources.com/wp-content/uploads/2025/08/Pan-African-Annual-Report-Dec-07.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.panafricanresources.com/investors/research/"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/LSE/PAF"
  }
 ],
 "title": "PAN AFRICAN RESOURCES PLC (PAF) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}