The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Q3
"Operational performance in Q3 2020 has been in line with Q2 2020 during which it produced 11,419 oz. of gold with an average feed grade of 7.57 g/t."
Average price of Gold for the period $1850? Q3 Revenue $21m
No wonder they are paying a record dividend they are embarrassed by the amount of cash they are raking in against an embarrassing low sp .... they need 1.50 for bonus shares and I think they will get it.
I think it has gone largely unnoticed that we have started mining grades of 18 g/t in vein 25 and that there are much higher grades to come. Q1 was awful for a number of reasons (covid impact on AISC and production, low grades ), and I think that has affected the sp. When I run the numbers through a spreadsheet I get a very pleasant surprise !
Furthermore, we have made solid explorational progress during the period, completing our 25,000 metre drilling programme at the Asacha licence area. We look forward to reporting the results of drilling at Vein 25 and the other highly prospective exploration targets at the Asacha Gold Mine. unquote
The Directors need to get the share price up to £1.50 to gain their rewards and the second half of the year results should set that target on its way and with Vein25 it should be achieved.
Now only 9 days up to and including 09 October to be invested and secure 6.6% dividend yield at this 95p share price (8 cents/ 6.25p per share). At some point we will also get: "Upgraded dividend guidance for the full year to be announced shortly" as stated in the Interims, so over the full FY who knows what cumulative div yield will be at this equivalent share price: 14% in total perhaps?
Normally ex-div shares of course dip slightly, but after 9-Oct, Q3 results should hit shortly thereafter, with what should be a stellar set of results with avg. gold price of $1,900 and production of circa 11k Oz, so we should have significant share price appreciation too on top of a bumper dividend yield, if Q3 delivers as per guidance.