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If a special dividend is to be paid it will likely come towards the end of November similar to the 2016 special dividend.
https://www.lse.co.uk/rns/TSG/special-dividend-bfknhfwby9nbv7g.html
Back in the spring I suggested to a 'pal' of mine he take a look at this Co. Now, Dave the share guru, laughed and said he wouldn't stick a pound in any co with Trans in its name let alone a gold miner. He said I was mad. Dave the mentor to all regarding trading stuck a pile into PMO. Hope he went short!
This is a blinder of a Co and it probably isn't you normal Russian venture.
I think you have a thing about dividends too - looking up all that, but I recall in one of the company's announcements, they talked of increasing shareholder value and it was a two-pronged tactic - an increasing dividend and (these are my words as I can't remember the exact phrase they used) spending money on developing the company to push up the share price. Why didn't you copy and paste that bit?
I agree with you that this is a great company and it is committed to shareholder returns.
I hope you are right arttrader, about an increase in the dividend and I think you most probably will be. I want a bigger payout and I think it is very likely, so I'm not trying to start an argument, but it's not 100% certain that we will get a special dividend.
TSG has got a thing about DIVIDENDS
· Interim dividend of $7 million resulting in payment of $0.08 per share (H1 2019: $2.0 million resulting in payment of $0.023 per share)
· Largest single dividend payment made to date in the Company's history; total capital returned to shareholders $40m*
· Upgraded dividend guidance for the full year to be announced shortly
.We are pleased to declare our largest single dividend payment ever and maintain our objective of delivering attractive returns to shareholders.
.Interim Dividend
The Company has a proven track record of returning capital to its shareholders.
.For 2020, TSG set out to pay a base level of dividends of approximately $3 million.
.The Company is pleased to report that the Board has declared an interim 2020 dividend of 8.0 US cents per share equal to approximately $7 million (H1 2019: $2.0 million).
.Given the strength of the operational performance and favourable trading environment, the Board is confident in the expected cash generation in H2 2020. Having already exceeded the stated guidance for dividends for FY2020, the Company is reviewing its anticipated financial performance for H2 2020 and will provide further guidance for a revised base case of dividends in due course.
Reading between the lines I'm thinking Special then Final dividend
I didn't see that one.
I read - "Interim Results for the six months ended 30 June 2020" and in there, it said - "will provide further guidance for a revised base case of dividends in due course".
Upgraded dividend guidance for the full year to be announced shortly unquote
Note it says UPGRADED .......it’s going up
They’ll wait until they have October’s figures which I believe are outstanding and chuck in another$5m
They are the only miner I have that just stick to the job of making money.
My mistake - they didn't say October, they just said "in due course".
We've been waiting since September to hear what the revised dividend policy will be.
They did October, didn't they? I still think there is chance that they will say no more special dividends, as the money will be better spent on drilling and speeding up the plans for growth.
Great for the long term, not so good for those seeking income.
I hope I am wrong.
Bonanza grades! One thousand, three hundred and five grams per tonne over 0.8m!
Bonanza grade intercepts
1,305.4 g/t Au and 614 g/t Ag over 0.8m
159.5 g/t Au and 120 g/t Ag over 5.0m
51.1 g/t Au and 84 g/t Ag over 2.4m
63.4 g/t Au and 448 g/t Ag over 0.8m
37.8 g/t Au and 94 g/t Ag over 1.8m
Other significant intercepts
32.3 g/t Au and 102 g/t Ag over 10.6m
32.4 g/t Au and 204 g/t Ag over 1.7m
16.2 g/t Au and 335 g/t Ag over 3.4m
18.4 g/t Au and 519 g/t Ag over 2.6m
15.1 g/t Au and 225 g/t Ag over 2.9m
14.7 g/t Au and 37 g/t Ag over 2.6 m
10.7 g/t Au and 14 g/t Ag over 3.3m
In June 2020, TSG announced a new JORC-compliant Mineral Resource Estimate ("MRE") for the Asacha Gold Mine. The combined V25N and V25S mineral resources totalled 7.0 tonnes of gold in the Indicated category at an average grade of 18.5 g/t Au and 1.8 tonnes in the Inferred category at an average grade of 13.7 g/t Au.
Together, V25N and V25S comprise an almost continuous gold zone 1 km long, located less than 1.5 km from the Asacha Gold Mine and mill that have been in continuous operation since 2011.
"Since the publication of that MRE, multiple high-grade gold and silver results have been returned. When these results are combined with the new exploration data generated, we believe there is significant potential to upgrade the JORC-compliant MRE, which is expected to be commenced at the end of this year."
Since the publication of the MRE in June 2020 , the Group has drilled 31 new holes totalling 10,350 metres on V25N and in the past 12 months a total of 116 holes (32,400 metres) have been drilled on the Asacha license.
Drilling is expected to continue for a minimum of 12 months. The main objective of the next phase of drilling is to improve the definition and delineation of Vein 25 in order to increase the size of, and upgrade the category of, the resources to higher confidence categories. A series of step-out drill-holes in the North and South far extensions of Vein 25 and a series of other high potential targets on the license area will be drill-tested in the next few months.
Underground development in the upper levels of V25S produced 22,740 tonnes of ore at 19.9 g/t gold. This bulk sampling confirms the consistency and the low nugget effect of the gold in this part of Vein 25 and "is a good indication of good future recovery in the rest of Vein 25."
According to the COO states TSG will provide an updated JORC-compliant Mineral Resource Estimate statement at the end of this year, incorporating all new drilling results and exploration data.
That's a really good grade report. Would normally have pushed the price up, but markets very poor, which I guess has been on the cards for Q4 after the inceases we've seen and the Covid cases lock hold again. I'm guessing the Dow is going to have a rough couple of weeks. Aside from all that, this would be a good long term investment, but keeping eye on markets for now I think
These are really good grades (one short sectio at 1 kg per tonne!) and the adit is only 50 yards away. This is one of my favourite shares too.
There are back now. They must still be having technical problems with the chat boards.
Have some posts been removed?
I have very high hopes here. One of my favourite stocks in my Portfolio. Great potential for 150 p plus imho
Eugene Antonov, COO of Trans-Siberian Gold commented:
"We are excited to report the high-grade drilling results from our ongoing drilling campaign “
Excited 1304.5g/t Au .........I’ve wet myself
"we believe there is significant potential to upgrade the JORC-compliant MRE, which is expected to be commenced at the end of this year."
https://www.investegate.co.uk/trans-siberian-gold/rns/drilling---exploration-update/202010280700044043D/
That is how I see it also - you don't make a statement about confidence in cash generation and will revise dividend guidance - then review dividends down - Unless you are after a collapsed SP - which as we know is not in the interests of the BOD - who stand to gain quite a bit if SP hits 150p - Time will tell - as always - my money on increased divi's - looking to buy some more here , SP is weakening so maybe 95 p dip ? I will buy at 98 - if it hits , probably end up kicking myself for not buying now - my parsimonious tendencies are hard to surpress
Gold revenue for the year to 31/12/20 looks on course for $73 million (12M 2019: $63.1 million)
Thats an extra $10million half of which was pure profit due to the higher selling price
that's an extra 5c a share in dividend at least. They will pay more in dividend as they want the SP up to 150
thats the aim dyor
We need a short price dip just after 6th Nov so that those of us going to reinvest our dividends get the best deal.
In case anyone forgot the company has already announced 7.9p (10.3c) worth of dividends this year
"An interim dividend of 8.0 US cents per ordinary share was declared by the Board of directors on 29 September 2020. It is payable on 6 November 2020 to shareholders who are on the register at 9 October 2020."
This was the largest dividend the company has ever paid. If a special dividend is to be paid it will likely come towards the end of November similar to the 2016 special dividend.
https://www.lse.co.uk/rns/TSG/special-dividend-bfknhfwby9nbv7g.html
Hi Jakey.
I too was expecting an increase in the dividend, and because of that I recently topped up, but they have also said that they are committed to "to deliver long-term growth in shareholder value", and I thought they might see speeding up the delivery of a new mine as bringing greater shareholder value in the long term.
I hope the opinion I offered turns out to be wrong and they do increase the dividend and state that they can afford both a dividend increase and to fund the exploration and development.
I was expecting increase in dividends - based on statement interim results - Given the strength of the operational performance and favourable trading environment, the Board is confident in the expected cash generation in H2 2020. Having already exceeded the stated guidance for dividends for FY2020, the Company is reviewing its anticipated financial performance for H2 2020 and will provide further guidance for a revised base case of dividends in due course.
I note this in today's RNS - "we are progressing with a near-mine exploration programme". With revised guidance on the dividend expected soon, I can see them cutting the dividend to pay for more exploration, then eventual development of a new mine. That would increase shareholder value over the longer term.
No surprises, good or bad, all good in the middle of this pandemic and the *rap being endured by other Russian gold mine shareholders - police investigation at POG and HGM all but stolen (IMO) from shareholders.
The stability created by V25 is very reassuring, god knows what the outcome would have been without V25 to smooth out production - Q4 should be more of the same.
2021 is when TSG will really blossom.
VEIN 25 - saving our a**ses - more to come ?
The Group's operational performance in Q3 was broadly in-line with the previous quarter. Average mill feed gold grade was 7.4 g/t, which was in part supported by test ore extracted from Vein 25. The quality and consistency of Vein 25 is significantly compensating for the lower and variable gold grades from the Main Zone. Gold doré production was 11,570 oz. for the Period.
The Group has continued with exploration drilling near-mine and proximal step-out targets in the vicinity of the Asacha Gold Mine. Additionally, an aeromagnetic survey was completed over the Asacha licence area with the objective of identifying new exploration targets. The Company expects to report the outcomes of these exploration activities shortly.
The Group continues to progress with a scoping study on the Rodnikova deposit, and expects to finalise this in 2020.