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Currently $1980
AISC will be circa $1100 with new mine on line
100000 oz per annum
That's $189mil revenue and $88mil profit
Those are some serious numbers!
Serious operation- 2 producing assets with the added bonus of west Kenya - one of the world’s best mines grade wise
Mid 20s target and then higher When bought out
The West Kenya figures are insane!
1.76 million oz at an average of 11.45 g/t Au.
An average of 11.45 g/t Au!!!!!
That's just crazy numbers
SHG is no doubt the best small-medium cap miner around
Yes totally agree
First gold pour!!!!
And in the timeframe and in budget.
With gold price as it is and the figures outlined below this should be 20p plus.
Major re-rate due
Great news and on time !
News as expected hopefully no sell on news brigade but good to see, market was expected this
Who cares ! Idiots if sell now - this is the start
Fantastic news.
SHG will be making serious amounts of cash now.
No way that it should be under 20p.
So I was right with what I said - the gold pour was priced in. I sold at over 12p and you can't do that today.
However, don't accuse me of being negative on SHG, I'm glad I bought back and got back in as deep as I was.
"China And Brazil Strike Deal To Ditch The US Dollar"
https://www.zerohedge.com/markets/china-and-brazil-strike-deal-ditch-us-dollar
... and Brazil isn't the only country moving away from the dollar. Dollar collapse is coming and gold should rise.
"Change is coming that hasn't happened in 100 years and we are driving this change together." - Xi Jinping
"I agree." - Putin
The dollar isn't going anywhere. However, if gold can hold where it is now Shanta should have plenty of room to rise.
"The dollar isn't going anywhere" - I can understand you saying that. In fact, just three days ago Forbes magazine had this - "Could The U.S. Dollar Collapse?"
https://www.forbes.com/sites/qai/2023/03/29/could-the-us-dollar-collapse/
The article takes the view that U.S. dollar’s special status as the global reserve currency, makes a collapse highly unlikely.
This is why that Brazil \ China deal is so significant. It is is just one example of the movement away from using the dollar, thus threatening the dollars status as the world's reserve currency.
Saudi Arabia recently stated that it is open to accepting other currencies in exchange for its oil, as a potential catalyst for massive de-dollarisation.
The Chinese have the "Belt and Road" initiative, and the Shanghai Co-operation Organisation now includes 60 per cent of the world's population.
Many Asian, African and Latin American countries are starting to trade using Chinese Yuan.
Russia and China are setting up a alternative to SWIFT.
"MAJOR Countries Dumping The Dollar For This New Currency!" - Robert Kiyosaki"
https://www.youtube.com/watch?v=-PowbE7YYpE
Also, that Forbes article concedes that, "for the U.S. dollar to collapse would take something pretty major. Like, a WWIII type situation."
Could that be happening? Events in Europe are looking like the build up to WW3. If you study the history of the long, slow build up to WW1 the similarities are stark.
Even if this is not the start of WW3, the war in Ukraine is destroying the economies of the US, the UK, the EU and Russia. The solitary winner is China, and China has already bought control of many essential companies and much of the infrastructure in the West.
The USA is now spending $1 trillion a year on arms and armaments. The USA is now fighting to preserve the dollar’s status as the world’s reserve currency. If the USA loses the fight, and ownership of the world’s reserve currency, then the USA will fall far.
Don't be misled by the title of this article - "US Dollar Collapse Predictions: The Dollar is on its way out" - he is not saying it going to happen, he gives a well-balanced, in-depth review of the predictions of dollar collapse and in the long discussion, he says - "This does not mean that the US dollar will lose its reserve assets tomorrow, but it is on the way out".
https://crowdwisdom.live/politics/us-dollar-collapse-predictions/
I will plagiarise his words as my point to end with - this does not mean that the US dollar will lose its reserve status tomorrow, but it is on the way out.
Beware of your sources ......
https://www.businessinsider.com/who-is-zero-hedge-finance-blog-that-spread-coronavirus-misinformation-2020-2?r=US&IR=T
https://www.nbcnews.com/tech/tech-news/google-bans-two-websites-its-ad-platform-over-protest-articles-n1231176
Google has banned ZeroHedge, a far-right website that often traffics in conspiracy theories, from its advertising platform over policy violations
All fiat currencies throughout history have eventually failed, and I see the $ as no different imo.
So much has been printed it has lost much of its purchasing power (over 90% if I remember rightly) and the Brics nations dont want to hold dollar assets anymore.
This week was the first time LNG has been paid for in yuan -
https://oilprice.com/Latest-Energy-News/World-News/China-Settles-First-LNG-Trade-In-Yuan.html
This marks a turning point i believe, and there will be much more trade in non dollar currencies going forwards.
I see this as a slow motion train crash for the $......as Hemmingway said, "Slowly at first, then all of a sudden"
Hold for Gold!
2WM
In the same way Sterling went 'nowhere' in the 19th and 20th Century, the Dollar will go the same, it will still exist, but it will be vastly diminished in its role as Kingping Global Hedgmony. In the same way Sterling was reduced in stature after being the once undisputed global currency of trade.
Taking all the conspiracy crap away, it's a natural progression, the Greenback at the Global Reserve backstop was forged, at a moment of opertunism by the USA out of the chaos of WW2 and Bretton Woods sealed Europe's fate in its moment of weakness, the BRICS aren't going to keeping giving the USA its 'exorbitant privillage' to quote an old French Leader, they shouldn't either, they've gone from a rounding error of Global GDP players, to serious players, if you think they are going to keep all of that hard earned growth hinged solely on the dollar, and all the counterparty risk that goes with that you have to think again.
"In the same way Sterling was reduced in stature after being the once undisputed global currency of trade"
When we had the World's largest Empire (one third of the World)
Everything changes.....back to stardust (atoms)
USA ended WW2 having made huge gains (profits) supplying the Allies with most of their arms
"Google has banned ZeroHedge, a far-right website that often traffics in conspiracy theories, from its advertising platform over policy violations"
You need to be careful of your sources mick-b.
In the years that I been reading Zero Hedge I have seen it report many stories that the BBC tried to keep hushed up, but eventually they became so huge that the BBC could no longer keep them suppressed. Zero Hedge led the way.
Zero Hedge is a truther site - don't fall for that "right wing" bluff. It is meant to put people off so that they don't get the chance to know about lots of things.
"conspiracy crap" - would anyne care to tell me what in that Zero Hedge piece is conspiracy crap.
"China And Brazil Strike Deal To Ditch The US Dollar"
https://www.zerohedge.com/markets/china-and-brazil-strike-deal-ditch-us-dollar
I have just come across this - on Bloomberg, do they write conspiracy crap?
"O’Neill Urges BRICS Bloc to Expand, Challenge Dollar’s Dominance" (Jim O'Neill, former chief economist Goldman Sachs Group Inc)
https://www.bnnbloomberg.ca/o-neill-urges-brics-bloc-to-expand-challenge-dollar-s-dominance-1.1901781.amp.html
Quotation - "Change is coming that hasn't happened in 100 years and we are driving this change together." - Xi Jinping "I agree." - Putin
... and I think ending the dollar's status as the reserve currency will be part of that change. If they can collapse the dollar, then the US will not be able to afford war.
To quote Gerald Celente - America's business is war. China's business in business.
Correction - China's business IS business.
On Zero Hedge - "Saudi Arabia Joins Shanghai Cooperation Organization As It Embraces China"
https://www.zerohedge.com/markets/saudi-arabia-joins-shanghai-cooperation-organization-it-embraces-china
and don't try to say that is is conspiracy crap - Reuters and other agencies are also reporting it.
It depends on whether you believe the world is about to split cleanly in two between the US/West and China/Russia/Brazil/ME or whether all this rhetoric is simply an ever isolated Russia attempting to split the world in this way with China occupying their current position for political expediency, attempting to take advantage of the growing tensions but ready to dump Russia whenever its in their interest to do so.
its also the divide.
the old west,versus the new east...and anti democratic aswell.
this war,as just highlighed the problem,that's been brewing,since the previous decade.
china/iran/n.korea,myanmar of late,certain african countries,mali,since france was ousted,
a changing decade/s
Troajan, you assume the west is democratic, watch what is happening in America with Trump. It will only get worse with Biden in power. We are stuck between a tyrant in the east, putin and a geriatric old fart in america, biden.