If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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.
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.
Has TSG ever had such a number of trades in the first hour of the market being open?
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.
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.
Why the jump today, Hasn't that been out a while?
Clearly the market likes TSG. Welcome to this bulletin board.
Nice investor call - thanks guys! :-)
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
Summary of the investment case
(Zoom Meeting from November 24th, 2020 from 6:00 p.m. to 7:00 p.m. CET)
Interview partner: Stewart Dickson, Director TSG
The interview / information is based on the ppt presentation from October 1st, 2020:
http://www.trans-siberiangold.com/media/1388/tsg-h1-20-results-presentation.pdf
1. Business case assessment
The strategic direction is well thought out and can be communicated in an understandable way for private investors. Slides 7 and 18, which get to the point, are helpful.
Slide No. 7:
a) The existing operation in the Asacha Mine is continuously improved according to the principles of best practice. This takes place among other things by employing experienced staff ex Kinross
b) The Rodnikova deposit with JORC 1moz Gold, which was newly acquired in 2019, is an extremely promising platform for increasing TSG's production potential to around 100k gold in the medium term. Rodnikova is about 50km from the Asacha Mine. The infrastructure is not yet very well developed. As with Asacha, electricity should be generated from diesel generators or geothermal energy.
c) The M&A endeavors (Meger & Acquisition) are primarily geared towards quality. In principle, one is open to examining opportunities anywhere in the world. Relevant criteria include: Geological model, compatibility with existing know-how at TSG, safe jurisdiction, stable political situation, etc.
Slide No. 18:
The business case can be divided into two areas:
1. Efficiently and effectively conduct ongoing operations at the Asache Mine. The LoM (Life of Mine) is gradually being expanded. The Vein 25 should prove to be very sustainable.
2. Strengthen TSG's future viability. The main driver is the Rodnikova deposit.
2. Operation / Exploration Asacha
(Slides no.16 and 17 are decisive)
This year the grades were lower. The reason for this was the weaker grades in the main zone. By blending the new High Grade Vein25 with the ores of the Main Zone, the processing grades in q3 / 20 could be 'normalized' again and thus the Oz production increased again compared to H1. The realistic goal is to keep the mill feed stable between 8 and 8.5 Au g / t in the future. Recovery at a consistently high level.
While the operation is ongoing, exploration will continue (with 2 drilling rigs on site). Due to the climatic conditions, it is possible to drill all year round - even in winter. The drilling program is in full swing and further news flow can be expected.
In summary, the exploration was very successful and the exploration costs / oz are in the lowest quartile worldwide.
3rd part follows ...
Hello everybody
We are a group of very interested investors in TSG from two German-speaking forums. We have agreed that peterhuber91 will write posts ex wallstreet-online.de in the ADVFN forum and I will write posts ex golseiten-forum.com in the lse forum. We will discuss our basic contributions in advance, so that contradictions should be excluded. We are all completely independent private investors and have extensive experience investing in miners who are listed in Canada and Australia. Since this year we have also been investing in Trans Siberian Gold, which is listed on the AIM in London.
As an introductory post, I'll copy/paste a summary of an investor call with TSG a few days ago.
In the neighboring forum wallstreet-online, peterhuber91 sent a letter with questions to TSG; we developed these questions with other interested parties. Instead of answering the questions, we were offered an investor call at very short notice. peterhuber91 and I took part. Then we did A summary of the findings from the call was written and submitted to TSG for approval. Of course, there was no inside information; all information is researchable.
2nd part follows ...
Broker seems happy to keep buying at around 97 without much selling. Accumulating shares in anticipation of something? Or maybe there is unseen buying going on in the background with delayed reporting.
The gold grades reported from our recent exploration are exceptional and potentially world class. if the grades prove persistent and the company can keep the production clean from debris from associated mining then we could become a top ten underground producer if the milled material produced > 10g/tonne
The linked article lists the top ten producers of 2020 in Q1, clearly the ones at the top of the list are truly exceptional (42g/tonne for the best simply look like they've got a licence to print money) but generally it looks like 10 to 15g/tonne covers most of the top 10 are indeed world class.
Notice not one mine is in Russia
https://www.kitco.com/commentaries/2020-11-27/Highest-grade-underground-gold-mines-in-Q1-2020.html
I think the high grades for V25 have been somewhat by investors. especially as these areas don't need years to develop, we'll be producing from their next year.
They said:
22/10 - "TSG intends to provide a production update for Q4 2020 in January 2021."
28/10- "We look forward to updating our JORC-compliant Mineral Resource Estimate statement at the end of this year, which will incorporate all of the new drilling results and exploration data. "
and back in the interims released 29/09 they said:
"Upgraded dividend guidance for the full year to be announced shortly"
and
"Our business has structurally improved as we mine a higher grade deposit and generate attractive free cash flows from our operations. We are pleased to declare our largest single dividend payment ever and maintain our objective of delivering attractive returns to shareholders."
When they said "shortly" I expected a few weeks.
Some impatient shareholders might say "shortly" has been and gone with performance for the year now all but secured barring a major unforeseen disaster - we should surely expect a imminent confirmation RNS of delivery of more attractive returns to shareholders." In the form of an attractive dividend.
Lots to optimistic about for shareholders here.
A nice special dividend could send this, very quickly, to 130p.
We are due an update on a number of fronts, perhaps the one most likely to move the SP could be the a promised indication of the full year dividend.
IMO the SP is fine around the £1 mark at this stage of their transition to much higher grade mining areas.
This company have never been backward about returning cash to shareholders, and they are in great financial shape that looks likely to strengthen in 2021.
The US may be dragging their heels on a stimulus package, but other countries are also printing money - Japan announced a massive boost yesterday. Only a matter of time become the US get theirs through the senate and there is a boost in the Gold price.
"Japan unveils $708 billion in fresh stimulus with eye on post-COVID growth"
https://www.reuters.com/article/japan-economy-stimulus-idUSKBN28I095
There’s a Rottweiler on the prowl. Michael Spencer perhaps
Cheap Power
Lower Taxes
Amazing JORC
Higher Gold Price
New Discovery
Advantageous exchange rate
10% Dividend
Wrap up some more shares in TSG and I’ve got all of the above for less than a quid!!
I can only get a quote of 1000 shares at the moment at just under 98p.
Follows the bad Brexit news and subsequent small spike in gold price.
If no deal is agreed, safe havens for your money in the UK will be in short supply. #TSG could be the silver (gold) lining to a bag of sh*te that Brexit looks likely to turn out to be.
PLUS OTHER NEWS: We look forward to updating our JORC-compliant Mineral Resource Estimate statement at the end of this year, which will incorporate all of the new drilling results and exploration data. Meanwhile the drilling campaign continues."
There could be sell orders out there or the MM's might know there are loads of UFG shares still available at a certain price.
We are expecting news soon, this month, any time now, regarding the million dollar question.
RNS 28 OCT 2020 - The Group continues to progress with a scoping study on the Rodnikova deposit, and expects to finalise this in 2020.
Feb 2020 (Alliance News) - Trans-Siberian Gold PLC on Monday reported a mineral resource estimate of 1 million ounces of gold at its Rodnikova deposit in Kamchatka, Russia.
Could be a good year after all
Only buys today and the price is down. Not how a market is supposed to function but hey ho, take advantage while you can. Cheers MM morons.
Looks like big shareholders altering holding or restructuring relationships, certainly they are not dumping or acquiring share or the SP would move fast IMO.
When I see predictions of $10k to $15k per ounce gold I tend to glaze over as we are so far away from these figures. The outlook is positive but I'm not sure if it will ever reach those heights in my lifetime.
Positives include
+ US Fed Delays Rate Hike to 2024, a year later than forecast just 2 months ago.
+ Monetary and fiscal policy remain accommodative and expansionary.
+ US markets among others are in bubble territory, pushing new highs in the middle of the worst economic crises in living memory.
+ Post-inauguration stimulus package of approx $2.5 trillion expected to flow into the markets early 2021.
If we assume the vaccine will counter the Covid impact on global economic growth in the second half of next year, the similarities to be drawn from the 2007-08 crisis following the US election are striking. During this period of increased borrowing (stimulus) which coincided with the US election, rates were kept low, markets rebounded and the gold price tripled.
To get a sense of how significant the economic stimulus has been compare the responses to this crisis with that of the 2008-09 financial crisis (page 3). $10 trillion announced in the first two months of the crisis up to end of April, which is three times more than the response to the 2008–09 financial crisis.
https://www.mckinsey.com/~/media/McKinsey/Industries/Public%20Sector/Our%20Insights/The%2010%20trillion%20dollar%20rescue%20How%20governments%20can%20deliver%20impact/The-10-trillion-dollar-rescue-How-governments-can-deliver-impact-vF.pdf