Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: MonkeyTennis1, 21 Apr 2021 08:49
Last post: Tripoddp, 8 Jun 2021 11:47
Great that we’re watching all this good news coming out about a company we’ve all been disenfranchised of. stench.....
Funny how a share buyback was launched in February because: 'The TSG Board believes that at the current price the Company's shares offer significant value given the discount to industry valuation metrics'.
The last buyback was at 102p so I assume the directors thought this was a price that significantly undervalued the company yet a few days later they agreed to a takeover at 118p. Was this in the best interests of all shareholders?
So Vladislav Sviblov was behind the takeover, the same person that bought HGM last year.
The directors had a big incentive to accept the offer as it triggered the award of a large amount of share options and enabled them to make a fortune out of their various options and shareholdings in TSG.
Yep, I dumped my little stock pile. I am not looking to get involved in helping someone in the little league screw me over like we don't matter. Never again! Bought GGP lately. Seems to be on a good seam (I like cricket!) GLA
we've been robbed here.. daylight bl~dy robbery .. mafia type stuff ..
I'm all out now.. so this likely my last post.. good luck to you all in your bets elsewhere..
it's just like back in the old USSR :-)
Started: adamsmithfreethi, 7 Apr 2021 12:42
Last post: RetiredBanker, 18 Apr 2021 18:48
Hey Kenj - haven't seen your name on the POG BB for quite some time - did you sell out and invest elsewhere ?
I took my money from TSG and punted on a couple of pre-production miners Orosur and Galantas as well as a left field financial called SYME. Past 12mths has been very good for me, glad I diversified from POG into some PGM miners like SLP / JLP & THS. Also made out like a bandit on EUA - I've locked in six-fold profit and still hold a position valued at more than my initial stake just in case the buy-out ever happens
Thanks for that Kenj.
AJ
AJ,
To the best of my knowledge, there is no forthcoming dividend payment.
In their offer to buy all of TSG's shares, Horvik said that the 118p offer price would be reduced by the amount of any dividend paid before that date. Consequently no dividend is likely to be issued, and the share price will remain locked between 115p to 118p until the deal is finalized. There is a faint chance that the deal could be blocked by the regulators, but most deals sail through unopposed.
Hi Kenj, I would like to ask about the forthcoming dividend payment. How do you think this might affect the share price when it goes ex dividend? Just thinking that if there is a significant lowering then the big boys will try to swallow them up cheaper. Thanks, AJ
Excellent thanks!
Started: ScottyGonzales, 13 Apr 2021 17:03
Last post: ScottyGonzales, 13 Apr 2021 17:03
Strong positive trend on this one, leading ahead of gold price movements. My spreadsheet should have been flagging this one as an immediate entry at 98, but annoyingly I missed it. If we get anywhere near those levels again, I'll enter with target exit of 200+
Started: metis20, 18 Mar 2021 07:21
Last post: Bingobongo, 25 Mar 2021 20:35
TSG are a nice safe goldie at the moment so I am not selling yet will top my Poly at some point also PURE is going to be on my buy list with fantastic grades and have just started pouring gold .
With reserve up date due in Q2 plus they are fairly cheap at the moment. GGP have only drill holes and they only own about 30% of what they have found but when they start building the mine they will be wanting funding from share holders although I do have some myself as I think in the end it will be bought out.
Thank you for all of your wise words, it's nice to see some intelligent comments here. I now agree it's either a done deal, or a very 'boring' and unlikely gamble that I'd be able to see anything other than 115p. I'd recommend, and will be re-investing in either;
1) CORA - very small mcap, but they've just started their largest ever drilling campaign. With results of over 35,000m of holes due over the next few weeks, in areas with excellent preliminary drill results. Potentially the largest return in the short term for any AIM gold miner in my opinion.
2) GGP - Haveiron has now been proved to hold millions of ounces of gold & with several near identical gold/copper anomalies close by, which are all 100% GGP owned. Gervais Heddle tweeted earlier that exploration season has now 'started' and to expect a lot of news flow.
3) PALM - Another very small mcap, but have a fantastic portfolio in Australia and Canada. Although not yet producing, their acquisition of old gold mines (not profitable when they closed 20 - 30 years ago) could be a game changer. It's so much easier & faster to start mining on known gold veins than building a new mine from scratch.
All my best to everyone here for a prosperous future,
Duncan
"a done deal" - yes, I would say so too. I've been in this situation several times before - a gold miner taken over at, what I and many others considered to be, an unfairly low price.
AIM rules about 75% and so on seem to be there to protect shareholders, but the big boys seem to find ways round them.
As Kragero says "this is a done deal" imo.
Yes Write1, it will be a cash offer, but some regulatory approvals are needed before the offer is formally made. The terms though have been agreed in advance, and are unlikely to change.
As Kragrero says "this is a dine deal" imo.
Started: Stockable, 19 Mar 2021 09:12
Last post: MTwallet, 23 Mar 2021 19:32
Take a look at Condor Gold looks good for the future , Mellon involved .
I never actually bought in here (it was forever on my watchlist) but I can give a +1 for CMCL. Been VERY happy with my holding since purchase (October 2019).
Stockable - also worth noting that Tharisa is looking at ZBW too for expansion - a vote of confidence? I've got CMCL and may well top up so yes I'd recommend them
Some very good suggestions have been made in terms of a replacement Gold miner for TSG. Of course, much depends on the requirements of the investor. That said, Caledonia Mining, in my view, is an established and well managed Gold producer. Moreover, it’s a profitable dividend payer. While its Central Shaft project is about to be commissioned at a cost of some US$60 million. This extends the life of the mine and reduces its AISC. Importantly, the company has an exemplary dividend record and it has not diluted shareholders’ interests - the cost of constructing the Central Shaft was met from internal resources.
The downside - it’s focused on Zimbabwe and could, at some point, face issues that are beyond its ability to control. My understanding is that it has no intention of developing elsewhere and is now exploring acquisition opportunities in the country. However, it obviously knows how to navigate the local environment. And the Zimbabwean authorities are determined to grow the mining sector.
Started: jointhedots, 18 Mar 2021 14:39
Last post: jointhedots, 18 Mar 2021 14:39
Everyone can throw in their own investment choices and I usually baulk at the practice of trying to persuade investors to move on bad news, but in this case the news is fatal.
For a long time TSG was my favourite gold miner followed by HGM so I'm very saddened by the news, my reasons I suspect are obvious - the very high grades and consistent performance - not relying on the next big discovery to keep investors hooked - so IMO beware of any company tips where the SP is dependent solely on the drill bit. It's too risky for me.
Now both of those are essentially robbed from me, my choice is AAZ with good grades and solid production, I don't know if there are better out there but I've looked at dozens with an open mind and not found one but will be looking in the coming days.
I'm not normally a vindictive person but sometimes I make an exception so I thought you might like this - AAZ also potentially provides the added benefit that no other miner can of being able to take assets off Russian oligarchs as the recovery very substantial assets from the rich buggers is progressed, the mines where occupied illegally by those who have links to the highest levels in Russia and currently there appears to be sod all they can do to stop it. I think a nice story for today for those feeling angry and powerless; irrespective of the SP over the last few weeks it has been giving me great pleasure to see them lose out for a change, will give me greater pleasure when the mines as under AAZ company control.
Actually my advice (useless though it is as no one needs it) is to take your time and compare as many companies as you can and make your own decision , I've looked at so many BS suggestions over the years - look at and compare the performance figures and charts together, etc, etc and most importantly don't take any notice of anyone on this BB including me. lol.
Started: drunkinftl, 18 Mar 2021 13:42
Last post: drunkinftl, 18 Mar 2021 13:42
davidpqz
''This is Putin's Russia. Did they get a choice?''
And this is the problem... the old adage..
''How can you tell when a politician is lying?''
Ans: ''His/her lips are moving''
But all a politician has to do in this country... bring in 'China taking over the world??... which these same politicians made the 2nd largest economy on the planet..
And trump said it about China.. how come earlier US governments did nothing?
Nixon went to China in the 70s.. So did our Heath!... and those other US presidents since then.. Ford, Carter, Reagan, Bush snr. Clinton, Bush jnr, Obama.. all of them let , nay encouraged China steal those American & British jobs..
and **** off Russia... for doing what?
Taking back Crimea.. As Public sector jobs in Russia pay double that of Ukraine and pensions in Russia triple that of Ukraine... the referendum was going to go to Russia! Who wouldnt vote for a lot more money??
Without taking into account the leaked phone call between Obama Sec of state Nuland and US ambassador plotting as to whom should be in the next ukrainian government! The famous F the eu phone call.. still available on Youtube
Let alone the leaked phone call between the Estonian foreign Sec and our eu commissioner ashton that the protesters and police shot in Kiev were shot by the same gun? Still available on youtube.. "So there is a stronger and stronger understanding that behind snipers it was not Yanukovych, it was somebody from the new coalition," Paet says. the Guardian
The BBCs ''Ukraine: The Untold Story of the Maidan Killings'' http://www.bbc.co.uk/programmes/p02jcrf3
And the Russian Georgian war.. BBCs What really happened in South Ossetia? (2008) https://www.youtube.com/watch?v=K-ALvCYlZvY
''What really happened in S Ossetia'' http://news.bbc.co.uk/2/hi/programmes/newsnight/7722806.stm
And not one conspiracy theory website reference used..
What is the matter with you people!..
The truth is right in front of your noses.. unbelievable! You dont even have to look very hard! FGS!
Started: happypennies, 18 Mar 2021 10:45
Last post: NoelShempsky, 18 Mar 2021 12:13
Thanks Kragero
Noel,
“18-Mar-21 09:14:02 115.11 60,715 Buy* 114.00 116.00 69.89k
What is that person hoping for? Please don't say "A jump in the share price". :-) I mean do they expect a higher bid or what?”
I think that was a late reported sell, now listed against the wrong bid-ask range.
On the Trades list -
18-Mar-21 09:14:02 115.11 60,715 Buy* 114.00 116.00 69.89k
What is that person hoping for? Please don't say "A jump in the share price". :-) I mean do they expect a higher bid or what?
In my notes to myself last November I put a top slice order in place at 125p and had 150p as fair value.
I've made good money on TSG over the past three years (my av around 55p) but it is still disappointing when these cobbled together offers are forced on small shareholders (I guess we could all reject the offer and hope for better) .... this price doesn't even match the post Covid high that TSG reached last year !!!
What do posters think would have been a fair price here?
Started: breaktwister, 18 Mar 2021 10:11
Last post: NoelShempsky, 18 Mar 2021 12:02
Thanks Col. Drake.
After years of being in SHG - many years, then giving up, I recently bought back in because of their last announcement. It does seem to be in a transformational phase, however, I'm still too nervous about Tanzania to add any more, but thanks for suggesting it. For anyone who isn't in SHG, it does seem worth a gamble - a little or lot depending on your tolerance for risk.
If you like the commodities super cycle theory, then copper is going to be a big winner. Personally I'm quite hopeful for Atalaya (ATM) a copper miner located in Spain (a nice, stable European country!).
This is Putin's Russia. Did they get a choice? You could equally argue that the buyers thought that TSG is worth far more than 118p.
I found it instructive this morning to go through the HGM bb which was similarly taken over last summer.
I think anyone here would do well to cash out and invest in Orosur Mining (OMI), the drill results are in coming, with worlds number one Newmont, and number eight , Agnico, leading the way. Sorry for of topic, but just a heads up for a great opportunity in the mining sector
In selling out the directors have, presumably, made a judgment that they are not going to make much more money in the short term taking account of the investment needed to develop the mine(s). But who knows? Have any of them also been offered lucrative positions by the new owner?
Started: drunkinftl, 18 Mar 2021 09:59
Last post: NoelShempsky, 18 Mar 2021 10:37
Good post drunkinftl.
I doubt that Putin has anything to do with this. The MSM is full of anti-Russian propaganda, calling Putin a killer and such like, but Putin has shown great restraint in the face of provocation from the West.
Paul Craig Roberts used to be in the US government. He was a professor of politics and economics at Washington University, was an associate editor of The Wall Street Journal, he has written many books and at one time was in the Forbes list of America's most influential people. He passes on to his readers, information from his wide network of contacts, information that the MSM keeps hushed up.
Here are a few of his articles on Russia and below, on Biden. Biden - if only the people knew!
How Long Before Washington’s Demonization of Russia, China, and Iran Leads to War?
https://www.paulcraigroberts.org/2021/01/27/how-long-before-washingtons-demonization-of-russia-china-and-iran-leads-to-war/
Russia’s Policy of Peace Is Encouraging War
https://www.paulcraigroberts.org/2021/02/27/russias-policy-of-peace-is-encouraging-war/
Russia Has Had Enough of the Infantile West
https://www.paulcraigroberts.org/2021/02/12/russia-has-had-enough-of-the-infantile-west/
America’s Absurd Foreign Policy
https://www.paulcraigroberts.org/2021/02/26/americas-absurd-foreign-policy/
Essentially the Democratic party serves militarism, imperialism, and corporatism
https://www.paulcraigroberts.org/2021/02/03/essentially-the-democratic-party-serves-militarism-imperialism-and-corporatism-glenn-greenwald/
The Obama Era Criminals Who Orchestrated the Russiagate Hoax Have Top Positions in Biden Regime
https://www.paulcraigroberts.org/2021/03/07/the-obama-era-criminals-who-orchestrated-the-russiagate-hoax-have-top-positions-in-biden-regime/
"How Do You Like Having a Two-bit Punk Gangster as President-by-Theft of the United States?"
https://www.paulcraigroberts.org/2020/12/31/how-do-you-like-having-a-two-bit-punk-gangster-as-president-by-theft-of-the-united-states/
"Interfax News Report on Biden’s Participation in Ukrainian Corruption"
https://www.paulcraigroberts.org/2020/12/29/interfax-news-report-on-bidens-participation-in-ukrainian-corruption/
Biden calls Putin a killer.."The price he's going to pay, well, you'll see shortly." ....Putin is now angry.
I held HGM and am not surprised at this at all and they have chosen this 'gold in the doldrums' moment. POG inspite of its woes must be on the list... The Rouble will be backed by gold.
The Russians will want to avoid another Yukos moment
"The Exxon or Chevron buy-up of YukosSibneft would have been a literal energy coup d'etat.
Cheney knew it;
Bush knew it;
Khodorkovsky knew it.
Above all, Putin knew it and moved decisively to block it. "
http://www.engdahl.oilgeopolitics.net/Geopolitics___Eurasia/Russian_Giant/russian_giant.html
Our Raab..''Raab warned that Russia is more than capable of using deadly and covert weapons against western countries..'' Russia has always been our ally.
No proof of the Skripal poisoning or Navalny's has been handed over to the alleged perps.. which would have to happen in any court..
''Covid: Trials to test combination of Oxford and Sputnik vaccines'' https://www.bbc.com/news/health-55273907
We have the ongoings in Syyria.. take a look at who we have been supporting over there..
''Syria: Who's in control of Idlib?'' https://www.bbc.com/news/world-45401474
''Which rebel groups are fighting in Syria's eastern Ghouta?'' https://www.dw.com/en/which-rebel-groups-are-fighting-in-syrias-eastern-ghouta/a-42663501
If these reports had been on RT..you could ignore them.. but Deutsche Welle & the BBC (c/o Dept of Digital Media, Culture and Sport??)
If you ask me ...and you didn't.. the west is in trouble and the deal is they /we need Russian natural resources!
Yes the US has plenty of resources but according to Investopedia 90% of those resouces are in timber and coal?? And thats prob the reason Trump wanted to get coal going again!
It will be interesting to see what happens re the gas pipeline to Germany.. will it be completed or will the Russians just hibernate it .
By the way of light entertainment take a look at Bill Mahers New Rule: Losing to China | Real Time with Bill Maher (HBO) https://www.youtube.com/watch?v=2DH4v6FnbvM Laugh and then cry.
Started: drunkinftl, 18 Mar 2021 10:15
Last post: drunkinftl, 18 Mar 2021 10:15
''The company is the third global primary silver producer, the largest silver and the fourth gold producer in Russia..''
Started: the_shareminator, 18 Mar 2021 10:13
Last post: the_shareminator, 18 Mar 2021 10:13
Interesting, this same guy, Vladislav Sviblov has done me over twice now! Control of Horvik and also behind the takeover of Highland Gold last year. Disappointing sell out by the board.
I suspect Sviblov also has a controlling interest in UFG, which our 'independent' board members mentioned have direct links to.
Florian Fenner worked for UFG Asset Management and controlled Petrovka GmbH as well as UFG Equity Opportunities Limited
Charles Ryan, non-exec Chairman, founder director of UFG
http://www.trans-siberiangold.com/about-us/leadership-team/board-of-directors/
https://markets.ft.com/data/announce/full?dockey=1323-14880343-2JRHGID103TAMGMHPL73ERV71O
Started: adamsmithfreethi, 18 Mar 2021 09:28
Last post: adamsmithfreethi, 18 Mar 2021 09:28
I agree with pretty much all the sentiments here but also have a question. Given this seems to be a complete stitch up and clearly leverage is being applied behind the scenes by greedy oligarchs looking at excellent gold yields and increasing reserves just after we've put in the hard work presumably non Russian shareholders don't have the votes to stop it?
Also why not wait for the £1.18 cash to come through. Selling now just results in a lower attained price minus commissions?
Started: jointhedots, 18 Mar 2021 08:44
Last post: jointhedots, 18 Mar 2021 08:44
I suspected this and commented on it last July/August when Highland Gold Mining had the same thing happen - this is the same entity buying (though I suspect it is a proxy for the Russian state). The accident probably sealed this, perhaps with the company threatened with penalties if they didn't sell.
I recall someone ripping into me for saying I thought TSG at risk like HGM, some Russian sector investors are kidding themselves IMO this is the Russian state engineering the repatriation of Assets, at be it via oligarchs and other proxies. Everything is done or not with state approval.
A sceptical man might suggest POG, HGM and now TSG have all been manipulated - guys there is nothing you can do here except oppose and get angry/accept or sell, all the talking won't help as I think the authorities know what going on in these Russian take outs.
This is the fourth time this has happened to me (screwed over by Russians from a bigger pay out), I invest because of the great potential and have made money but crumbs compared to those that have forced me out.
I advise everyone to be aware for the future, Russian companies don't perform like others for very good reason.
Some might say the country is corrupt to the core, and I wouldn't argue with them - I won't go into details but I once had cause to advise the CEO of a company operating in Russia (not TSG but which was also forced to sell out) that their own lawyers where releasing information that undermined the business - I was thanked and the leak was stopped.
Just be aware for next time guys, even legal title to properties is insecure where, allegedly, officials allow documents to be altered in favour of some thieving entity, don't assume UK standards apply.
I posted this in August last year, laughable really:
"Feels a bit like HGM did over the last few weeks (manipulated to keep a lid on the price IMO) I'm in good profit here and in HGM but it is not giving me pleasure as I feel like I'm Oliver Twist - I want more and feel I'm being short changed."
I suspect you all feel short changed this morning
Started: NicetoMichu, 18 Mar 2021 08:40
Last post: NicetoMichu, 18 Mar 2021 08:40
This is worth a hell of a lot more than 118 p and we’ve been shaft”d imho
Started: the_shareminator, 16 Mar 2021 11:18
Last post: the_shareminator, 16 Mar 2021 11:18
The scale of the increase in the MRE is not mentioned anywhere so here it is laid out.
The Total Mineral Resource Estimate (Measured + Indicated + Inferred) has increased by 43% (193,000 ounces Au) since the last MRE update 8 months ago.
The Total MRE at the end of April 2020 was 452,000 ounces and this had risen to 645,000 ounces by the end of December 2020.
The grade of the Indicated and Measured resources has increased from an average 15g/t to 17g/t
The bulk of the resource increase is in the Indicated and Measured categories.
Mineral Resource Update - Asacha Gold Mine (updated from June 2020)
https://www.investegate.co.uk/trans-siberian-gold--tsg-/rns/mineral-resource-update/202006160700030338Q/
Mineral Resource Estimate - Asacha Gold Mine (today)
https://www.investegate.co.uk/trans-siberian-gold--tsg-/rns/mineral-resource-estimate/202103160700093349S/
Started: Kragero, 16 Mar 2021 08:39
Last post: Kragero, 16 Mar 2021 10:11
Thanks Metis. That link works with diagrams.
pdf just above the main title of the RNS in the centre of the page shows the diagrams
hTTp://www.rns-pdf.londonstockexchange.com/rns/3349S_1-2021-3-15.pdf
Great news update today on resource increases.
(The plans referred to seem to be missing from the RNS, and the same applies if you download the RNS pdf from the TSG website.)
Started: artrader, 15 Mar 2021 12:22
Last post: artrader, 16 Mar 2021 09:32
Nice one Nice Two Great JORCs today
H for hysterical
h = humble clarified in case some here thought h=haughty arttrader ? :-)
ps : Your posting is h = highly content rich I feel... much appreciated !
75 more buying days until the AGM for the buy-back and they have another 797,543 to buy or not to buy? They have up until 30th June to buy-back or no longer buy any more shares and with $2.7million in cash burning a hole in their pocket , will they decide on paying a dividend or complete the share buy back?
Don't be a fool and wait until April 1st as this is going to be no joking matter..... but I'm sure you will be laughing all the way to the bank imho (h=humble)
Started: NicetoMichu, 4 Mar 2021 14:27
Last post: NicetoMichu, 11 Mar 2021 15:47
There was indeed no RNS for buyback yesterday this morning Art Trader .. good news that it achieved that nice rally without any TSG buyback activity yesterday.. getting to 100p based on Vein 25 back was always going to be the easier part though.. eg Noel expected - from approx 90p - 10p and me 7p rally off the back of that Vein 25 back producing etc RNS..
150p is approaching a very bullish shout for May imho... but while I would be surprised I wouldn't be shocked by that happening.. 130p would be lovely by May and could now be doable imho.. upcoming guidance will be defining of course..
Yesterday’s rise without any buy back?
£1.50 come what May
They were on a roll in Q4 2020 with Vein 25, record quarterly gold doré production of 15,217 oz. up 31.5% QoQ (Q3 2020: 11,570 oz.)
· Highest quarterly gold grade of 10.3 g/t representing an increase of 38.7% QoQ (Q3 2020: 7.4 g/t)
· December 2020 recorded an average gold grade of 11.05 g/t
Increasing grades as they moved forward 11.05 g/t is fantastic anything over 5g/t is regarded as High Grade.
DYOR its all good and they have full permitting approvals
Indeed and you can say that again metis :-)
(London South East regularly misses appending RNS's to various ticker BB's alas)
This is getting interesting now.. the daily buyback are small in size yet are currently having a decent effect on s/p, one way or other - eg may be encouraging others to buy too - and long may this continue.. indeed I could make a case that my recent previous guess of decently over 110p by May could end up being plenty/much too conservative... but best I wait for guidance/commentary that's to come from the company end March ish and sometime in April too, before I start getting too excited here ..
12k bought back yesterday https://www.londonstockexchange.com/news-article/TSG/transaction-in-own-shares/14893967
12k buyback yesterday https://www.londonstockexchange.com/news-article/TSG/transaction-in-own-shares/14893967
Started: the_shareminator, 3 Mar 2021 18:48
Last post: Keyholesturgeon, 10 Mar 2021 09:20
just watched vid - Rick Rule on palisades gold radio youtube - He loves Russia , says the so say safe jurisdictions are vastly overrated - and the premiums for these alleged safe jurisdictions is way too high
Interesting
Also it is worth mentioning once again TSG increased 2020 production guidance of 38,000 and 42,000 ounces to between 44,000 and 45,000 ounces last year and then went and beat upper end guidance!
I think there is a strong possibility TSG will be aiming for 50,000 ounces and leave themselves ample room to beat forecasts once more.
If you haven't yet seen the drilling results announced last autumn for Vein 25 make sure you take a look.
https://www.lse.co.uk/rns/TSG/drilling-exploration-update-s7clbldrt6wmpue.html
Artrader makes an interesting point about revenue surpassing Q120 in just the first two months. The grades processed in Q120 (5.2g/t) were actually very similar to the first two months of 2021 (5.1g/t) so we have a base for estimating costs.
We didn't sell any silver in that period last year which would have impacted the already disappointing Q120 figures. We should still be benefitting from silver sales at current elevated prices of $25/oz or more, this isn't mentioned nor is it included in the 'Average realised gold price' TSG like to report (see previous quarterly updates for clarification).
Revenue in the first two months therefore likely did even better than Q120, exceeding $10m revenue after only 2 months despite grades falling to their lowest since Q217.
As mentioned by fellow holders now Vein 25 has resumed production we might expect 4-6 weeks of blending the lower grade mined ore with the anticipated higher grade material, which will result in increased output of gold ounces and a driving down of costs.
I'm just making a minor point here the_shareminator about "the similarities are not so obvious".
I wasn't saying that NN is a similar company to TSG. My point was that any new rules that are introduced or tightening of rules will apply to all Russian miners. That's all I was saying.
Art trader seems to have a good handle on the 'art of the possible' here in 2021 .. and while i'm always somewhat cautious about his lack of balance, given the figures - he/they - quoted my guess is if he's being too bullish in his today predictions it will only be a bit too bullish.
Whatever , very little time to wait for a further clearer picture anyway.. including any fine that may/may not be levied :
''Once the investigations are completed and the recommendations known, the Company will publish production and dividend guidance for FY2021. This is expected to be on or around the end of March 2021.
TSG expects to report first quarter 2021 production with an operations update from the Asacha Gold Mine in April 2021.''
Altogether, my instinct now is that this s/p will be somewhat decently north of 110p by early May ..and May ain't far away !
agreed Noel... 7p minimum rise on the day would have been my guess if you asked me at 7.45 am this morning.. still an hour and a half left in the trading day .. but ..etc
I thought today's news was good for a t 10p rise at least. 2p, 3p is disappointing.
They have already reached Q1 20 revenue of $9m and there’s another month which should include a much higher yield albeit a lower POG. I’m expecting guidance nearer 60k oz for the year.
wow indeed . and- pleasantly - i'm shocked by that.. and even more shocked that i got to buy a nice tranche at 92 p this morning ..
great news !! and I expect this to be back over 100p very soon... obviously revised guidance the key driver too..
Now if SHG get their VAT refund and SLP get bought by Elon and ...... no that’s just a dream
You seem happy to spend ages trolling around other boards looking to see what I have posted - so look back and see the question.
See what artrader wrote - " I'll give you my expert opinion" - him - expert - only in his own mind. Proof that I am right about him being an arrogant, know-all.
Also - this out today - relevant to how this all started -
https://www.investegate.co.uk/mmc-norilsk-nickel--mnod-/eqs/nornickel-will-set-a-timeline-to-restore-operations-at-mines-and-norilsk-concentrator/20210303143142EPYLM/
Finally, don't put kisses at the bottom of your messages to me - unless you are a woman!
Sorry Noel I missed that one please repeat the message about the NN Website and I'll give you my expert opinion
x
artrader informs us - "it's one of Noel Gallaghers' best quotes"
It doesn't matter where you got it. My comment about how you, you used it is perfectly valid - mockery and ridicule - a standard tactic used by pompous, know-all oafs when they are proved wrong by the facts, who have lost the debate and whose skulduggery in misrepresenting the words of others is exposed.
By the way you still haven't answered the question I asked you about the NN web site and claiming to meet all the standards \ compliance etc. You don't want to answer because it will prove me right and you wrong - showing to be right again when I say of you - "pompous, know-all oafs when they are proved wrong by the facts".
I hope you enjoy your evening reading my other posts.
artrader must have a big grudge against me (and all I did was to post a link about an issue affecting Russian mines) and he is so obsessed in carrying out his campaign of vilification against me that he spends time trolling me on other boards,
So, BPat890 - would you care to say this to him -
Take a chill pill man, whatever someone said, it's not worth getting so wound up over.
Yes, I wrote that - let's put it into context.
ISAPENSION is another like you - knows everything, writes in a know-all pompous tone and can't stand other people having opinions that he doesn't like.
After I had looked at the price chart for the company concerned, I posted a forecast for the sp. I said that I thought it would drop (which by the way, it has done).
ISAPENSION posted a rebuke telling me that I shouldn't post things like that as it hurts people's feelings. Can you believe that! He is invested in shares but the idea that they might go down hurts his feelings. After that he called me a prick - but the sp has gone down.
He is like you artrader - an arrogant bigot and ends up wrong in his views.
Started: adamsmithfreethi, 5 Mar 2021 10:27
Last post: artrader, 5 Mar 2021 11:51
I can't see any history of this and as the Company have been given the go ahead to open I don't expect you need to fear. They would have been in constant discussion with the RTN during their visits and have probably already been informed of what actions they need to take. Quote from todays RNS "Ahead of the RTN investigation recommendations a preventive action plan is being devised and implemented to mitigate future risk of this occurrence, including modification of ground support protocols, new ground support applications, site inspection, staff training and development supported by geotechnical software and additional underground equipment." they further mentioned "Once the investigations are completed and the recommendations known, the Company will publish production and dividend guidance for FY2021. This is expected to be on or around the end of March 2021."
The Soviet (sorry Russian) regulators have still to pronounce and they will pay not one jot of attention to the company's highed experts so I'm still expecting some form of shakedown. Not least because the company is doing so well and has the money to pay for it!!!
Started: adamsmithfreethi, 2 Mar 2021 12:17
Last post: NoelShempsky, 3 Mar 2021 11:33
Slimeball 2 isn't very original Noel. Sorry NTM. A hasty choice, perhaps influenced by The Simpsons - didn't they have a cat called Snowball 2, after Snowball died?
Basically, they forgot to deduct exceptional costs on the p&L account. (or add them, adding a negative to me means a deduction to the world of high finance they deduct a negative) whoever invented EBITDA and adjusted EBTIDA expected everyone to have a large stock of headache tablets nearby.
To their credit the answer was instant but they may look at this again, Stewart did say it was uncharacteristic of them.
On the question of a claim against the Company on environmental issues it appears that Natural Resources, RosPrirodNadzor were seeking further payments for the disposal of 'Extra" waste materials dating back to 2016 the claim was disputed by and the courts decided in favour of TSG in October 2019. The NRP made an appeal to the courts decision and to avoid continuance they reached a settlement.
artrader was keen to tell us that TSG is a UK company (something we already knew, but know-all oafs like that do like to think that they know everything and others know nothing) - so artrader, here are a few paragraphs about UK company law from Fresnillo's results, out yesterday -
The Directors are responsible for preparing the annual report and the Group and parent company financial statements in accordance with applicable United Kingdom law and those International Financial Reporting Standards (IFRS) pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and of the Group and enable them to ensure that the financial statements comply with the Companies Acts 2006 and Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Under applicable UK law and regulations the Directors are responsible for the preparation of a Directors' report, Directors' remuneration report and corporate governance report that comply with that law and regulations. In addition the Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Neither the Company nor the Directors accept any liability to any person in relation to the annual financial report except to the extent that such liability could arise under English law. Accordingly, any liability to a person who has demonstrated reliance on any untrue or misleading statement or omission shall be determined in accordance with section 90A and schedule 10A of the Financial Services and Markets Act 2000.
Re: EBITDA - what went wrong here? Surely accounts ought to be doubled checked before they are released.
This isn't the first time the company has to issues corrected numbers. Last year, wasn't it resources, or reserves?
I am doubtful that I will ever be able to trust anything this company says.
Clear as mud. I thought I was getting it then the next sentence confused me again. Showing an example wrong versus right might have helped.
Ho hum...
Started: NicetoMichu, 2 Mar 2021 09:15
Last post: NoelShempsky, 2 Mar 2021 18:09
This is the link I posted that caused artrader to flip and become abusive, just because he didn't like it -
https://www.rt.com/russia/516436-government-plan-ecology-fine/
"Russia backs 'radical' plan to block profits of companies that destroy environment, after fining mining giant $2bn over fuel spill"
He told us that TSG is a UK company - true, but where is the mine? Does the fact that TSG is a UK company mean it will not be affected by this plan, should anything happen - answer that artrader. You know that the fact that it is a UK company is irrelevant - you were just looking for a fight.
I asked you a question about what NN have on their web site about conforming to standards. You didn't answer. Of course you wouldn't because it proved you wrong.
Anyone reading your posts can see the sort of person you are.
Something I wrote that artrader chose to ignore - "Apologies for any misunderstanding."
politeness - that's me. artrader cherry pick comments to try to paint a false picture of me.
All I did was to post some information and, because he is so intolerent, he start a campaign of attacks on me. The pompous, opnionated oaf.
Someone else on this board wrote -
You caused me no offence at all bpat890 .. art trader did by posting the following :
''Meanwhile the posters on here are processing with the capacity of a plant .... full of sht''
There you are - proof that arttrader is offensive and bullying.
He wrote -"Noel, here's a few of your 'non-bullying' posts just in this past month" - why did he say that to me? It was someone else who accused him of bullying and only I used that word in quoting someone else.
In his original attacks on me me - attacks simply because I post a bit of information at which he instantly took offence - he misreprensented my words. When he can't argue about what people said, he argues against things they never said - things he made up. That is what I call a slimeball. Anyone as slimey as that deserves to be called a slimeball.
To go trolling me shows that artrader really has grudge. I knew that from the way he researched the article about the fine for environmental damage . His post had the know-all tone of the pompuos oaf that he is.
Now he posts comments of mine - totally out of context.
Should anyone care to look into those posts, they will see that any criticism I made of others is justified, all comments of mine are honest and any that appear rude are in defence against people who made scurillious remarks.
I merely posted a link about a mining company in Russia being fined. TSG mines in Russia and therefore it was relevant, but see how artrader tried to deflect from that by saying that TSG is a UK company. It mines in Russia and the Russian authorities said something about imposing further environmental controls on miners, therefore it could affect TSG.
Rather than seeing my post as merely information, the pompous oaf saw my post as being negative on TSG - something his bigotted mind can't stand, and so he starts this attack on me.
He needs to remember that arrogant and opinionated fools like he soon fall from grace - pride comes before embarrassment and a haughty spirit before a fall.
Adam - Well done and it's nice to see some balance being stated after all 'unaudited figures' are exactly what they are and the company could easily have lost the oversight in the full year figures. They made a small fortune in the last quarter.
It's the same overreaction from the same crew that push this down and they say they are invested?
We were paid a dividend of 6p on the back of the 6 months "unaudited" results.... I'm thinking of giving 25% back
..... absolutely ridiculous price especially when we know there is a big buyer about lol!
Looking at the full year results with total Gold revenue for the year to 31/12/20 approx $73 million (12M 2019: $63.1 million)
does anyone want a stab at the EBITDA?