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Look at the big delayed prints over the past few days, there were no more after 12pm today - which suggests they're off early for easter or they're done IMO
Should really be in 20s considering the 50% increase in production and near ATH's for gold....
Most undervalued gold stock in entire market IMO
how do you know the seller has finished ?
With gold prices elevated and at near ATH’s, and 100,000 Oz target in the mix, this share is considerably undervalued compared to its peers.
When the US recession is confirmed and US pauses or even cuts, gold miners will be where everyone runs too just like last time.
This company is just ready to explode and with the seller finished this will rocket and obtain it’s true value, only those that are smart will start at this low price IMO
Noel-you've improved as a poster recently, more humane, more open. However, I have to tell you that Viable's credentials as a geologist are second to none. If you have being paying attention, you'll notice that he always tempers board ramping with a geological response: ergo, this is all just noise if we don't have rocks in the ground. Fortunately, it looks like we do.
Toptiger, you are out of your depth on this board.
Tullow were the authors of their own demise.
Viable
An insider....I had no idea.
unfortunately the kenya thing is real, ask any tullow /africa oil shareholder, we have a great project endlessly delayed and will probably never happen. they are very good at talking and dont execute anything
luckily we have venus outside namibia so we dont really care.
as soon as this hits anything decent i'm out, better stuff to invest in
CORRUPTION !
Not forgotten. I have lived with it for 40 years, and survived.
Jomo, Julius, Robert, Kenneth, Patrice, Jacob and cohorts are absent. Better times ahead, we hope.
"There are two obstacles that have to be addressed: a) resettlement of affected communities and b) reorganisation of Nairobi's chaotic planning and legislation."
Cheers viable
You missed one.....
CORRUPTION !
https://cnyakundi.com/karebe-gold-mining-limited-a-tale-of-politics-harassment-and-court-battles/
Following on from the third para @ 16:34 attention is drawn to hidden agendas in Kenya's nascent mining industry. I haven't followed Karebe too closely but fair to say the rats have got in. Also I rate the warfare to be comparable and potentially extensive as ZamaZama in SA . . . even before local industry has got off the ground. An iron fist is needed.
Eric, if he chooses, can comment on the local scene. Together with Luke Leslie and Michelle Jenkins he had constructive talks with the Kakamega governor who has since been replaced. Fanfare on a gold refinery seems to be in disarray and the Chinese investor has ?pulled? the plug.
(NS. I'm not trying to get clever at any point. Your general attitude has always been unfortunate.)
Don't waste your time trying to analyse the geology or Kenya politics. You don't know more than SHG's bosses or their geologists.
Those who have been here several years recognise individuals/groups have invariably sold into any rise. The company is treated as a football. Until recognition comes on zones reaching similar depths found at the two mines around Mwanza the pattern will continue.
My belief based on familiarity with dome formation and geology in the Lihranda corridor (specifically our >1,000 sq km license area) is a widespread 5m oz resource.
There are two obstacles that have to be addressed: a) resettlement of affected communities and b) reorganisation of Nairobi's chaotic planning and legislation.
Interesting week on the Macro side, ISM Services today at 3pm and NFP Data on Good Friday.
If they both come in soft you could be looking at an ATH on the Dollar AUX Pricing, I actually see a take out of that sooner or later in Q2, USD$2,100 and then on to USD$2,400 by 2023 is out. Just for a bit of fun to look back on.
Same on the flip, if they a strong, with the AUX rise recently, gold will get hurt. You pays your money and all that...
Tax planning for CGT in UK.
Seems someone has to offload a lot of shares here, till they are gone we won’t take advantage of gold going up, however when they are gone this will explode (it’s a coiled spring as is)
I'd rather stick with SHG, I've done my DD and research.
Very undervalued and will re-rate eventually.
13p today is looking less likely, but there's always tomorrow.
Big spreads on those two as well compared to SHG. Maybe they are less liquid.
More hot money in those stocks I suspect. SRB AISC is far higher than SHG btw at something like $1800/oz last time I checked, not sure about HUM.
It seems someone has been selling constantly today in any rises, I did see a tweet from the CEO saying everything is doing v well so nothing company related. Investors sell for different reasons, but this is clearly undervalued here
Why?
They're all relatively high cost producers and thus well geared to AU price rises...?
Any thoughts...?
Gold about to take the next leg up, looks like US recession imminent
$2,029.03 gold
You'll see a jump in buying activity tomorrow AM. Mew tax year and a different capital gains tax regime to take advantage off.
MYLES still holding not that it really makes a difference-nice move Shg - as I said stick to it producers - Ggp hardly moved and get even get over 200dma
Island girl - that was precisely my thought too
Good start for many of the beaten up gold producers this morning including Shanta Gold. My Serabi has also woken up from cryosleep