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Batterseafish - hope you're right. GLA
If you look on the map on the co web site seems fires are nowhere near main areas of production.
Could be general nervousness re Russia but then other Russian stocks not impacted.
Polymetal sp also got hammered this week.
Down from 2050 to 1765 .
I am a long-term shareholder here.
May I introduce another subject matter, which may, or may not be connected with the recent drift in the SP.
https://www.google.com/search?q=fires+in+siberia+map&newwindow=1&client=firefox-b-d&sxsrf=ALeKk02zvMkvWK_2sqCUB48c1xLY_zj7iQ:1600444901878&tbm=isch&source=iu&ictx=1&fir=xTZUWwq6WhrAzM%252CesV9x7qzBfu5SM%252C_&vet=1&usg=AI4_-kRyPI6yGGeszUODvfZXOQNHuruqXg&sa=X&ved=2ahUKEwi5m-_uifPrAhXCUhUIHaAfBsMQ9QF6BAgIEEw&biw=1440&bih=713#imgrc=ZisWV64TxU4aIM
The above link is to a map of Siberia showing the locations of various wildfires. There appear to be some burning in and around the area where TSG is operating.
Could it be that there is some concern about possible future disruption of mining activities? Just a thought..
GLA
It is a bit strange I must say, I watch this one every day
I have not noticed any weakness in my other gold investments, many have increased while this has fallen. In fact its pretty much only this one that is below my entry (not counting 2 very speculative aim specials, which are being very special at the moment.)
I am not worried, I think this will come good. I think the volume is so low, it also discounts a selling theory too. My theory is that 'they want your shares'. I hope I can free up some cash and top up before results.
I don't think operational performance has anything to do with it, possibly a Russian shareholder playing around selling a few or the sheer weight of fear in the gold market that there may be a gold price retrace - I think the latter and I think it's overdone for most of the small to medium gold miners.
Well said! Recent weakness is hard to explain but hopefully Interim results next week will shed some light
mozzie - I can't recommend this or any other share, I'm not qualified to do so.
However, I've got lots of my own hard earned money it (my endorsement) and believe the SP could rise significantly "IF" they perform as per their targets and perhaps even more importantly the gold price does not drop significantly it doesn't even need to rise - if it rises appreciably the sky is the limit for all gold miners as it could become a licence to print money. AIMO
Jointhedots...I am thinking of investing here. As you have been here a while where do you see the price over a 6 months to a year. It does seam good with the gold price and a new vein being brought online.
The SP is drifting without any direction, even though the gold price remains strong, this is replicated over most of the players in the sector.
It just a matter of time before the persistently high gold prices translate into good or exceptional RNS updates, unless something unexpected happens to upset TSG performance we should all see a good uplift.
I own various gold mining shares, but this is the one I've been involved with for longest and IMO has the best prospects, we all know the downside - in a word "Russia", but it's well and truly priced in.
Q2 Summary
Produced 11,419 oz - up 66.5% QoQ (Q120: 6,859 oz)
Sold 11,357 oz in Q2 - up 94.6% QoQ (Q120: 5,847 oz)
Average price achieved $1,738/oz - up 8.7% QoQ (Q120: $1,599/oz)
Silver sales in Q2 (including Q1 production) of 47,989 oz
Average silver price achieved $17.7/oz
Revenue of $19.7 million in sales - up 111.5% QoQ (Q120: $9.3 million) and an additional $0.85m in silver sales.
Forecast Q3
TSG reaffirmed they are on track to meet full year guidance of 38,000-42,000 oz. They have produced 17,194/oz in the first half owing to a poor first quarter. Assuming they remain on track to achieve low end guidance we are looking at about 10,200 ounces of this quarter and 24,000 ounces of silver.
Base case, using discounted pricing of $1920/oz and 26/oz silver, TSG will generate approx $20.21m in revenue.
This puts TSG on track to produce 11koz+ in the fourth quarter and at current pricing comfortably beat last years record revenue of $63.1m
Q2 SummaryProduced 11,419 oz - up 66.5% QoQ (Q120: 6,859 oz) Sold 11,357 oz in Q2 - up 94.6% QoQ (Q120: 5,847 oz)Average price achieved $1,738/oz - up 8.7% QoQ (Q120: $1,599/oz)Silver sales in Q2 (including Q1 production) of 47,989 oz Average silver price achieved $17.7/ozRevenue of $19.7 million in sales - up 111.5% QoQ (Q120: $9.3 million) and an additional $0.85m in silver sales.Forecast Q3TSG reaffirmed they are on track to meet full year guidance of 38,000-42,000 oz. They have produced 17,194/oz in the the first half owing to a poor first quarter. Assuming they remain on track to achieve low end guidance we are looking at about 10,200 ounces of this quarter and 24,000 ounces of silver.Base case, using discounted pricing of $1920/oz and 26/oz silver, TSG will generate approx $20.21m in revenue.This puts TSG on track to produce 11koz+ in the fourth quarter and at current pricing comfortably beat last years record revenue of $63.1m
Should have said results this month, not week, as per production update. So could be any day - I don't know why they couldn't have been more specific.
Results this week, should be good and set us back on the right path. Hopefully more detail on exploration success.
The SP is lacking direction as are most gold miners and we may even still have our seller suppressing the price , but IMO a significant improvement is only a matter of time.
WRT to vein 25 as we know the grade is excellent, but I noticed they have previously said we will transition from the main area rather than simply supplement it so production, grades and crucially costs should all more in the right direction. In mining if less volume of ore and development work needs to be done then the less costs will be - it's very simple and why some small operators have better profitability than large ones.
Just managed to fill my order after an hour and have tried to buy again and still waiting. There must be a bigger order to fill as the price isn't moving up. I know it all sounds a load of bull and no ones really listening but I'm happy to recommend this with their fundamentals. door
Certainly seen more active weeks but the stability can be viewed as encouraging in that there’s some maturity to our trading compared to other AIM shares.
Plenty may have bought in the recent dip and are waiting to cash in, as I suspect has happened recently. We all need the funds but perhaps consider the full potential if even more patience is exercised.
To relieve the boredom, I requested (probably together with others) for TSG to be listed on StockInvest. If you like that kind of algorithm-based analysis, the charts, ratings and predictions will help to supplement any missing excitement in the trades.
https://stockinvest.us/technical-analysis/TSG.L
The dates listed in the Holdings documents point to the 3rd and 4th July which was the same week the share price began rising from 85p level. I don't believe their trading activities have had any impact on share price volatility through August but that's just my guess.
Great opportunity to snag some discounted TSG shares following gold's reversal from $1,870/oz range to near $2,000 this week. Last month of Q3 is building to be the best yet.
Interim results will be released around the middle of September.
Holding RNS a company disposing a large quantity - good news IMO as the shares look to have been sold as a job lot so someone accumulating in parallel.
Don't know if we will get another RNS from the buyer, foreigners don't have to RNS.
If it includes theoretically reinvested dividends, this effectively lowers the exercise price below the share price. Generous special dividends over the next couple of years to create a win-win for shareholders and directors???
I was initially pleased at seeing targets of £1.50p and £1.90p, but then I realised that they were not talking about the share price, the targets were for "Total Shareholder Return ("TSR") performance".
"LTIP Awards will vest based on absolute Total Shareholder Return ("TSR") performance measured over a 3-year period"
I now need to find out how they calculate the TSR?
Always uneasy about self awards based on advice that PWC say that this is in line with what everyone else is doing. Having said that, £1.90 in 2-3 years seems to be the target for exercise of options to be bought at 10p. I hope we get to £1.90 much sooner.
"Jackson Hole economic policy symposium to be held online on 27 and 28 August."
Apparently the FED chair is supposed to give a speech on economic policy at 2pm UK time today, depending on what he says it could be a massive day for Gold.
What he says is dissected to the nth degree by analysts and hints of loose economic policy (printing money) should give gold a boost - if it happens it's before market close today.
https://www.cityam.com/jackson-hole-symposium-all-eyes-on-us-federal-reserve-chair-jay-powell/
I hope that impressive drilling results can bump it above that. Just dreaming.
Has the company said anything about when the next drilling results will be out?
The Volatility in the gold price is very good for the long term progress of PoG, it may be disappointing to shareholders of gold miners whose share price slips back, but nevertheless it will save the market from a major confidence crash later.
Though the share price reacts daily, we must bear in mind that spikes in gold price are meaningless to profits, TSG sell gold over a year and persistence of the gold price over an extended period is what really matters. Company's never report on what a great spike in gold price did for profits, average prices of gold sold determine the outcome.
Gold prices have risen to new levels and found support above $1900/oz and the long term rising trend is not broken, so all is good IMO.
With that background IMO TSG simply need to deliver good progress, nothing dramatic needed, to reach new SP highs by year end.