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"But there's no thing they can do stop the share price rising. "
DuncanGold,
TSG's share price has effectively been top locked at 118p by this offer. Who is going to pay above 118p for these shares when in a few months time they will be forced to accept that price for them?
In the months this will take to complete the gold price might rise sharply, pushing up the price of gold mining shares, but not this one. The maximum profit you will get here is 115p to 118p, that is 3p (2.6%).
Yes I read the RNS, but could see no reason to panic sell. There is a clause that Horvic can essentially take our dividend, so they may well do that. But there's no thing they can do stop the share price rising. The price dipped recently due to an accident on the newly opened Vein-25, but an RNS on 5th March confirmed that all activity at V-25 had resumed with immediate effect. For its size Asacha is one of the most profitable gold mines in the world, with V-25 pulling high grade results, including over 1.3kg of gold per tonne from hole C2098. So why would you want to take your money out of a highly profitable gold mine with such great prospects?
With gold mining shares bouncing around as the are at the moment I will hang on to TSG a bit longer one thing for sure it won’t fall much I remember HGM did go over offer price occasionally The way I see it money in the bank not much risk will hang on to mine till see an opportunity watching HOC or POLY.
Take a look at Condor Gold looks good for the future , Mellon involved .
Batterseafish - read the RNS - if there is a dividend Horvik reserve the right to swipe it (my phrasing) by reducing the offer price. How I see that is them laying claim to a dividend paid on shares that they don't yet own, we own them.
Duncan do you know something that we don’t know?
Why has everyone just given up on this company? Now that it is being taken over, does this mean the share price will never change again? This is one of the most profitable gold mines in the world, so why sell for just 115p per share?
Probably the takeover lot buying cheaply in the market. I sold put at £1.15 - probably not worth hanging around for many months for an extra 3p although maybe a dividend will be added as a sweetener.
Some fairly heft trades today - mainly buys.
I never actually bought in here (it was forever on my watchlist) but I can give a +1 for CMCL. Been VERY happy with my holding since purchase (October 2019).
Stockable - also worth noting that Tharisa is looking at ZBW too for expansion - a vote of confidence? I've got CMCL and may well top up so yes I'd recommend them
Dare you click on "Accept"?
http://trans-siberiangold.com/disclaimer-acceptdecline/
Some very good suggestions have been made in terms of a replacement Gold miner for TSG. Of course, much depends on the requirements of the investor. That said, Caledonia Mining, in my view, is an established and well managed Gold producer. Moreover, it’s a profitable dividend payer. While its Central Shaft project is about to be commissioned at a cost of some US$60 million. This extends the life of the mine and reduces its AISC. Importantly, the company has an exemplary dividend record and it has not diluted shareholders’ interests - the cost of constructing the Central Shaft was met from internal resources.
The downside - it’s focused on Zimbabwe and could, at some point, face issues that are beyond its ability to control. My understanding is that it has no intention of developing elsewhere and is now exploring acquisition opportunities in the country. However, it obviously knows how to navigate the local environment. And the Zimbabwean authorities are determined to grow the mining sector.
My tips before leaving this thread, OMI as I posted earlier, but also for those investors whos broker limits them to UK listed shares , have a look at Golden Prospect Precious Metals (GPM) which is a Trust with a good mix of global gold and silver miners, from junior up.
My penny's worth...
I'd second Tharisa (THS) - extremely good value well run highly profitable South African PGM and chrome miner. In general, most PGM miners (bar Norilsk Nickel) are fairly attractive at the moment, but (IMO) THS is the best of them (and SLP the next best).
Copper and nickel plays also interest me, but I've never found particular companies which I can recommend with full confidence. Ideas welcome!
I also think that lithium shares may have a revival soon. But again, not ready to risk recommending any particular plays.
AAZ very interesting for gold, but I'm not 100% confident that gold will do well in the nearest future. PAF also a well-run gold miner. I'll take a look at GAL; it's a new one to me. Avoid West Africa (Mali, Burkino Faso) - security situation there is deteriorating.
The announcement has this - "If any dividend or other distribution is authorised, declared, made or paid in respect of TSG Shares on or after the date of this Announcement, Horvik reserves the right to reduce the offer consideration by the aggregate amount of such dividend or other distribution"
How I take that is, we currently own the shares, they don't, but they want our dividend, if one is paid.
They say "Horvik reserves the right" - so they might not actually reduce the offer price, but I see it as a damn cheek to lay claim to a dividend on shares that we own.
Many thanks Gavster-NBC. I appreciate you taking the time to type that and good luck with them.
Tips...
Cheers NoelShempsky. These are my portfolio recommends to research.
Gold : Galantas (GAL) look like their troubles are behind them. A paltry Market Cap (£10m) for a company who have just started producing again, and will pump the funds back into getting to a first target of 20,000 Oz a year. IMO a tip for a ten-bagger over a few years but DYOR. This is a link to their NI 43-101 which is still the plan just started after all sorts of interruptions by Covid-19, local anti-mine protestors and the like, delay after delay due to protesting about lorries of the roads and open mine not backfilled.
https://www.galantas.com/assets/Uploads/92d7d9741c/July-FINAL-GAL-43-101-PERC-2014v9.pdf
There are two mining resource companies I'm in.
Bluejay Mining (JAY) who have a pledge of funding and Amur Minerals (AMC) who have loads of nickel and the world keeps wanting more for batteries/steel etc. I have smallish holdings in both.
I have a large free holding in PAF, Pan African Minerals and I am currently waiting on BP/EVR to go high enough and PAF to go low enough to pile in again. IMO A PAF investment will show well over 100% growth in two years and also a 15% to 20% dividend on todays prices but obviously DYOR.
Everyone can throw in their own investment choices and I usually baulk at the practice of trying to persuade investors to move on bad news, but in this case the news is fatal.
For a long time TSG was my favourite gold miner followed by HGM so I'm very saddened by the news, my reasons I suspect are obvious - the very high grades and consistent performance - not relying on the next big discovery to keep investors hooked - so IMO beware of any company tips where the SP is dependent solely on the drill bit. It's too risky for me.
Now both of those are essentially robbed from me, my choice is AAZ with good grades and solid production, I don't know if there are better out there but I've looked at dozens with an open mind and not found one but will be looking in the coming days.
I'm not normally a vindictive person but sometimes I make an exception so I thought you might like this - AAZ also potentially provides the added benefit that no other miner can of being able to take assets off Russian oligarchs as the recovery very substantial assets from the rich buggers is progressed, the mines where occupied illegally by those who have links to the highest levels in Russia and currently there appears to be sod all they can do to stop it. I think a nice story for today for those feeling angry and powerless; irrespective of the SP over the last few weeks it has been giving me great pleasure to see them lose out for a change, will give me greater pleasure when the mines as under AAZ company control.
Actually my advice (useless though it is as no one needs it) is to take your time and compare as many companies as you can and make your own decision , I've looked at so many BS suggestions over the years - look at and compare the performance figures and charts together, etc, etc and most importantly don't take any notice of anyone on this BB including me. lol.
davidpqz
''This is Putin's Russia. Did they get a choice?''
And this is the problem... the old adage..
''How can you tell when a politician is lying?''
Ans: ''His/her lips are moving''
But all a politician has to do in this country... bring in 'China taking over the world??... which these same politicians made the 2nd largest economy on the planet..
And trump said it about China.. how come earlier US governments did nothing?
Nixon went to China in the 70s.. So did our Heath!... and those other US presidents since then.. Ford, Carter, Reagan, Bush snr. Clinton, Bush jnr, Obama.. all of them let , nay encouraged China steal those American & British jobs..
and **** off Russia... for doing what?
Taking back Crimea.. As Public sector jobs in Russia pay double that of Ukraine and pensions in Russia triple that of Ukraine... the referendum was going to go to Russia! Who wouldnt vote for a lot more money??
Without taking into account the leaked phone call between Obama Sec of state Nuland and US ambassador plotting as to whom should be in the next ukrainian government! The famous F the eu phone call.. still available on Youtube
Let alone the leaked phone call between the Estonian foreign Sec and our eu commissioner ashton that the protesters and police shot in Kiev were shot by the same gun? Still available on youtube.. "So there is a stronger and stronger understanding that behind snipers it was not Yanukovych, it was somebody from the new coalition," Paet says. the Guardian
The BBCs ''Ukraine: The Untold Story of the Maidan Killings'' http://www.bbc.co.uk/programmes/p02jcrf3
And the Russian Georgian war.. BBCs What really happened in South Ossetia? (2008) https://www.youtube.com/watch?v=K-ALvCYlZvY
''What really happened in S Ossetia'' http://news.bbc.co.uk/2/hi/programmes/newsnight/7722806.stm
And not one conspiracy theory website reference used..
What is the matter with you people!..
The truth is right in front of your noses.. unbelievable! You dont even have to look very hard! FGS!
I would have to recommend THS (SA - PGM + Chrome producer), POLY (Russia and FSUs, dividend circa 4% in May), ALTN (Kazakhstan Gold) and AAZ (Azerbaijan - mainly Gold, bit of Copper and huge expansion potential with known working mines in occupied territories returning + Nargorno Karrabakh returning to Az and part of AAZ's Contract Areas).
I'm not a fan of SRB - the recent placing was pretty disgraceful for PIs, constant missing production targets, 2nd project Coringa delayed and now accident at Palito. On top of that you have Brazil falling apart with COVID19.
Thanks Kragero
We've all got to find a new home for some of our savings Gavster-NBC, so please don't say goodbye without leaving few hot tips. Thanks in advance.
I'll throw one in - ECK - getting a massive boost from WFH.
Noel,
“18-Mar-21 09:14:02 115.11 60,715 Buy* 114.00 116.00 69.89k
What is that person hoping for? Please don't say "A jump in the share price". :-) I mean do they expect a higher bid or what?”
I think that was a late reported sell, now listed against the wrong bid-ask range.
On the Trades list -
18-Mar-21 09:14:02 115.11 60,715 Buy* 114.00 116.00 69.89k
What is that person hoping for? Please don't say "A jump in the share price". :-) I mean do they expect a higher bid or what?