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Very unambitious takeover price unfortunately but it looks like a done deal
Seems very cheap at £1.18
Wonder if anybody else would put in rival bid
The scale of the increase in the MRE is not mentioned anywhere so here it is laid out.
The Total Mineral Resource Estimate (Measured + Indicated + Inferred) has increased by 43% (193,000 ounces Au) since the last MRE update 8 months ago.
The Total MRE at the end of April 2020 was 452,000 ounces and this had risen to 645,000 ounces by the end of December 2020.
The grade of the Indicated and Measured resources has increased from an average 15g/t to 17g/t
The bulk of the resource increase is in the Indicated and Measured categories.
Mineral Resource Update - Asacha Gold Mine (updated from June 2020)
https://www.investegate.co.uk/trans-siberian-gold--tsg-/rns/mineral-resource-update/202006160700030338Q/
Mineral Resource Estimate - Asacha Gold Mine (today)
https://www.investegate.co.uk/trans-siberian-gold--tsg-/rns/mineral-resource-estimate/202103160700093349S/
Thanks Metis. That link works with diagrams.
Nice one Nice Two Great JORCs today
H for hysterical
pdf just above the main title of the RNS in the centre of the page shows the diagrams
hTTp://www.rns-pdf.londonstockexchange.com/rns/3349S_1-2021-3-15.pdf
Great news update today on resource increases.
(The plans referred to seem to be missing from the RNS, and the same applies if you download the RNS pdf from the TSG website.)
h = humble clarified in case some here thought h=haughty arttrader ? :-)
ps : Your posting is h = highly content rich I feel... much appreciated !
75 more buying days until the AGM for the buy-back and they have another 797,543 to buy or not to buy? They have up until 30th June to buy-back or no longer buy any more shares and with $2.7million in cash burning a hole in their pocket , will they decide on paying a dividend or complete the share buy back?
Don't be a fool and wait until April 1st as this is going to be no joking matter..... but I'm sure you will be laughing all the way to the bank imho (h=humble)
There was indeed no RNS for buyback yesterday this morning Art Trader .. good news that it achieved that nice rally without any TSG buyback activity yesterday.. getting to 100p based on Vein 25 back was always going to be the easier part though.. eg Noel expected - from approx 90p - 10p and me 7p rally off the back of that Vein 25 back producing etc RNS..
150p is approaching a very bullish shout for May imho... but while I would be surprised I wouldn't be shocked by that happening.. 130p would be lovely by May and could now be doable imho.. upcoming guidance will be defining of course..
Yesterday’s rise without any buy back?
£1.50 come what May
They were on a roll in Q4 2020 with Vein 25, record quarterly gold doré production of 15,217 oz. up 31.5% QoQ (Q3 2020: 11,570 oz.)
· Highest quarterly gold grade of 10.3 g/t representing an increase of 38.7% QoQ (Q3 2020: 7.4 g/t)
· December 2020 recorded an average gold grade of 11.05 g/t
Increasing grades as they moved forward 11.05 g/t is fantastic anything over 5g/t is regarded as High Grade.
DYOR its all good and they have full permitting approvals
Indeed and you can say that again metis :-)
(London South East regularly misses appending RNS's to various ticker BB's alas)
This is getting interesting now.. the daily buyback are small in size yet are currently having a decent effect on s/p, one way or other - eg may be encouraging others to buy too - and long may this continue.. indeed I could make a case that my recent previous guess of decently over 110p by May could end up being plenty/much too conservative... but best I wait for guidance/commentary that's to come from the company end March ish and sometime in April too, before I start getting too excited here ..
12k bought back yesterday https://www.londonstockexchange.com/news-article/TSG/transaction-in-own-shares/14893967
12k buyback yesterday https://www.londonstockexchange.com/news-article/TSG/transaction-in-own-shares/14893967
just watched vid - Rick Rule on palisades gold radio youtube - He loves Russia , says the so say safe jurisdictions are vastly overrated - and the premiums for these alleged safe jurisdictions is way too high
Interesting
Yesterday’s rise without any buy back?
Also it is worth mentioning once again TSG increased 2020 production guidance of 38,000 and 42,000 ounces to between 44,000 and 45,000 ounces last year and then went and beat upper end guidance!
I think there is a strong possibility TSG will be aiming for 50,000 ounces and leave themselves ample room to beat forecasts once more.
If you haven't yet seen the drilling results announced last autumn for Vein 25 make sure you take a look.
https://www.lse.co.uk/rns/TSG/drilling-exploration-update-s7clbldrt6wmpue.html
Artrader makes an interesting point about revenue surpassing Q120 in just the first two months. The grades processed in Q120 (5.2g/t) were actually very similar to the first two months of 2021 (5.1g/t) so we have a base for estimating costs.
We didn't sell any silver in that period last year which would have impacted the already disappointing Q120 figures. We should still be benefitting from silver sales at current elevated prices of $25/oz or more, this isn't mentioned nor is it included in the 'Average realised gold price' TSG like to report (see previous quarterly updates for clarification).
Revenue in the first two months therefore likely did even better than Q120, exceeding $10m revenue after only 2 months despite grades falling to their lowest since Q217.
As mentioned by fellow holders now Vein 25 has resumed production we might expect 4-6 weeks of blending the lower grade mined ore with the anticipated higher grade material, which will result in increased output of gold ounces and a driving down of costs.
agreed Noel... 7p minimum rise on the day would have been my guess if you asked me at 7.45 am this morning.. still an hour and a half left in the trading day .. but ..etc
I thought today's news was good for a t 10p rise at least. 2p, 3p is disappointing.
I'm just making a minor point here the_shareminator about "the similarities are not so obvious".
I wasn't saying that NN is a similar company to TSG. My point was that any new rules that are introduced or tightening of rules will apply to all Russian miners. That's all I was saying.
Art trader seems to have a good handle on the 'art of the possible' here in 2021 .. and while i'm always somewhat cautious about his lack of balance, given the figures - he/they - quoted my guess is if he's being too bullish in his today predictions it will only be a bit too bullish.
Whatever , very little time to wait for a further clearer picture anyway.. including any fine that may/may not be levied :
''Once the investigations are completed and the recommendations known, the Company will publish production and dividend guidance for FY2021. This is expected to be on or around the end of March 2021.
TSG expects to report first quarter 2021 production with an operations update from the Asacha Gold Mine in April 2021.''
Altogether, my instinct now is that this s/p will be somewhat decently north of 110p by early May ..and May ain't far away !
They have already achieved last years 1st quarter revenue after only 2 months 5,122oz @$1819 = $9.3m and that was working at the lower yield.
We haven't had guidance yet but I'm assuming with Vein 25 opened it should be in the region of 50-60k oz but difficult to guess the Revenue just on quantity. I always look at the profit and not how much gold they dig out as 1st quarter 2020 they produced 6k oz for $9.3m.
Vein 25 did have a yield in the 4th Quarter 2020 of 10.3g/t and proceed 15,217oz