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3. Depreciation of resources in 2018/2019
These were due to changes in the geometric model, geographic location and unsatisfactory degrees. The management was able to demonstrate absolutely convincingly that a changed operational orientation should avoid this in the future. The attitude towards not disguising this is also very laudable. New human capital has been acquired at all company levels. In any case, TSG is a 'different' company today in terms of technology, personnel and, above all, the quality of resources - a higher quality company than it was in 2018.
4. What else can be expected in 2020:
- The scoping study (PEA) for Rodnikova should be available by the end of the year.
(Different scenarios such as own mill or delivery of pure concentrate to the Asacha mine are currently being evaluated.)
- The BoD will announce the guidance for the dividend for the 2020 financial year.
5. Share structure
TSG is following a precise plan with regard to share structure. A higher float should increase the opportunity for institutional investors and increase liquidity. Larger deals - such as those with Mr. Spencer - are managed and not simply - dumped the share price - thrown on the market.
6. Conclusion
Trans Siberian Gold attaches great importance to keeping private investors up to date with the business case, the current course of business and the strategic directions. Like the RNS and the ppt presentations, the conversation showed the high level of professionalism and credibility with which those responsible communicate. Particularly noteworthy is the sustainable development of the business while maintaining the dividend capability and growth strategy. The next catalyst will be the publication of the Rodnikova Scoping Study in the near future.
urai5
Clearly the market likes TSG. Welcome to this bulletin board.
Why the jump today, Hasn't that been out a while?
Looked as if something was up on Friday. SP wasn't moving but there was a lot of selling. I suspected that the broker was anticipating something and was happy to keep buying in.
Personally, I'm not assuming anything, leaked news, broker action or big buyer, who knows.
Remember it is Russia with all the associated shenanigans.
Take it for what it is - a small upward movement that is long overdue (many stock has been moving 10% in a session recently). Obviously someone is buying, but the persistence, motive or level are unknown.
Nevertheless, I'm pleased with welcome upward movement.
Interesting to see new posters who appear to be clued up - all are very welcome to help broaden understanding.
Russian shenanigans? Well Russia is regarded by the west as some sort of threat/ problem and that perception, picked up by the public and investors, no doubt affects the share price. But I have to say that the world would be a better place if we all had foreign ministers withe the intelligence and perception of Lavrov.
NO shenanigans here, never has been. They warned everyone that the sp was too low, they threw a 6% dividend at us, they have news to come before the end of the year that will see this heading for their 150 target. Last 5 years will show how open and trustworthy they are. The SP should never have drifted with the pog as they have more gold than ever.
Today is but a taster for whats to come for this s/p in 2021, hopefully.
And versus the 2021 potential performance from this co., the s/p remains significantly undervalued imho
Thanks Urai5, Have held for a while as the fundamentals and management have looked very good. Nice move today, The investor call was successful. Well done.
I have not read the details from the investor call yet, but always thought that V25 alone should get the SP back to new highs once the production figures come more predominantly from that bonanza area.
Very good dividend stock (long history) as well which is rare for Gold stocks.
GLA Sharegar.