Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video 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.
Look at least he COT data for gold... the commercials are short bigtime.. this suggests POG woll go down significantly .. i would wait for 200-300$ lower prices .. but an unforseen event could trigger short-covering and propel POG-prices higher
It's always worth remembering that it's not today's POG that matters most but the average over many months/years. Shanta saw its ATH of 20.5p in the year in which gold saw its all time high in October 2020, but POG only averaged $1770/Oz that year, this year it's averaging ~$1950/Oz I believe and is heading into 2024 above $2000/oz.
That's a lot of cash generated since, a lot of funding secured, Singida built out, more ounces being mined at the higher prices, many years closer to breaking ground on WK yet only 60% of the ATH share price...
Full ask getting peppered
Next level coming today or tomorrow
Is that 3 or 4 weekly closes now above $2,000
Gold Up this morning at $2.023
Major historic breakout coming
Very good read indeed, TrekMadone. Thanks for sharing.
Good read that, thanks.
A read for the gold buffs by AOTH which I rate as v good insights!
https://aheadoftheherd.com/gold-is-the-solution-to-currency-debasement-richard-mills/
Trek
Looks like we're in the right place at the right time and 20p will be 'taken' in the blink of an eye.
Somethig corious:
https://www.mining.com/costco-sold-100-million-worth-of-gold-last-quarter/
Since we're out of school until Monday and following on the takeover theme, Mike Fraser was CEO of Chaarat when they made their approach earlier and will be CEO of GoldFields from 1/1/24.
https://www.reuters.com/markets/commodities/gold-fields-names-mike-fraser-ceo-amid-americas-growth-push-2023-10-09/
Our Chief Operating Officer, Group Head of Exploration and the Head of Social Sustainability and Development are all ex Barrick men, the COO also being ex Endeavour Mining who are building an empire taking strategic stakes in companies, partly to diversify from their base.
Lastly, just a real cheeky one, has Eric disclosed exactly what his future plans are? Nobody knows the company like he does and he's holding onto his shares.
Just playing with thoughts, but the next few months could be fun!
On the other hand with sp increase by 1.87% daily like today and yesterday it would take us just 23 trading days to get to 20p. Calculation just made for fun as unfortunately it doesn't work like that but...
Agree kkkrrr on the t/o point. We'll eventually get to 20p over the next 12 months if Au stays above $2k. We could get there much earlier if Singida starts to look more like a super-pit, or we pick up the ML at WK in quicker time. But a t/o will get us to 25p instantly. No more fretting over the share price, gold price, production numbers, AISC etc. Just one big payday. And the way Au is looking for the next couple of years that sort of price would be an absolute bargain for the buyer. My bet is on Barrick as predator but I wouldn't rule out the Chinese coming back again.
I added more today at 12.35p and 12.37p, Almost at 5m shares now. Once I get to this point I'll stop buying. Fwiw my last attempted buys were coming in at 12.47p so I believe this is the next stop for today. Hoping to get my last 200k a little lower so wouldn't mind a down day for Au on Monday to give me one last chance to snap up some shares closer to 12p. GLA
The problem is .. people don't trust managements of resource companies in general ..... sensless PP's , strange deals/takeovers , bad management decisions .. . i own a lot of shares of bad managed companies ... and we know we get a new CEO... nobody knows what he will do ... we have to find out the new one acts in the interest of shareholders or not.... the best case is..a takeover
'The key to unlocking the value here is the market sentiment. '
Agreed but what profitability and self-sufficiency affords you is time. SHG doesn't need a strong share price for financing purposes so they just need to keep delivering, keep generating cash and wait for that sentiment to eventually turn. And if it takes too long engineer it yourself through buybacks or large special dividends.
We keep seeing chunky sells every time the SP appears on the point of breakout. Today 3 trades totalling 650k shares were sold in a 10 minute period. Same seller?
Those who want to trade should buy Centamin which frequently has a tight buy sell range and no stamp charge. When the difference is 0.4p on Shanta which is 3.3% and sometimes higher it becomes very difficult to sell and buy back with a profit. On top of that we could have good news RNS data hopefully and in that situation your struggling to get a buy at the open. Today is triple witching on options trading and sometimes it is best to do zippo on days like this.
Anyone notice how stocks tend to drip, drip, down. But when they go up there tends to be a big step. You only need to miss those one or two up days and you can miss the biggest part of the gains.
DEC is an illustration (not a plug) drip, drip, then yesterday and today and possible another day or two of big rises. If you were on the sidelines then it could be painful!
I expect the same here. A few pence or more over a couple of sessions to form new support.
Hence I am reluctant to trade this one from this level.
Good luck,
Usual caveats
Trek
In my experience, the market assigns little value to things such as the VAT owed and even reduced value to cash - it is not unheard of to find a miner with a market cap not much greater than cash with the resources and mines thrown in for virtually free.
The key to unlocking the value here is the market sentiment. That could either be to the whole sector or to the company itself. I am expecting both to change over the coming years and I see this going considerably higher than 20p on the back of it. After all, it was almost that in October 2020 and the situation is a LOT better now.
Agree fellas. In 12 months with gold staying above $2k (almost guaranteed imo) then we should be sitting around 20p. At this gold price I expect that we'll have expanded Singida by 30k oz for 2025 (for $10m), and have added another 500k oz reserves (@ $25m for 2024 exploration budget). From this we'll have $30-35m in cash remaining (2-3p value). Then you have VAT receivables (worth 2.5p), WK mining license (huge event), Singida super-pit possibility, and the nearby license to NL decision. For us not to be at 20p in 12 months when about to become a 140k oz producer with a third fully licensed Tier 1 asset in WK is almost inconceivable. And for every $100 increase in the gold price you can add $10m (.85p) in cash to our accounts.
Take over offer landing tomorrow will need to be at least 20p to be considered. In 6 months 25p. And in 12 months 30p. I still believe we won't exist in 6 months. The value here is crazy for a mid-sized or major player with operations in Africa. Like Publican I'm hoping we're still below 15p in April so I can shift another £40k into our ISAs before the fireworks begin. GLA
Paf , shg and srb
Many ,many undervalued goldies that need to rerate upwards....This is ridiculously priced,my favourite stock apart from my other goldie SRB,which could easily triple in value,,,,both great rerate opportunities in my opinion....
Let's not forget Shanta's Tanzanian VAT receivable of US$27.0m - equal to about 17% of the current market cap in cold hard cash.
As more and more profit is produced I'd imagine receiving this money in the form of tax offsets should be a simple solution.
Https://www.miningreview.com/east-africa/singida-supercharges-shanta-gold/
All above 12.2
Davethehorse - 'Still as obnoxious as ever I see Publican...' - Neigh!!!!! (lol)