Member Info for adamsmithfreethi

Excellent discussion here. Dissenters are essential to get people thinking and debating. I'm not interested in a cult or share fan club. Investing is not easy otherwise we'd all be millionaires but here are 3 big points I'd like to make:
1. commodities ex Iron Ore are all out of favour and the smaller the company and more obscure the production site(s) the more out of favour. Gold is particularly neglected pretty much every junior goldy has bee caned! I note Sotolo has sold some CEY for THS. An excellent idea in theory but as a fellow THS holder he has my sympathy for recent falls.
2. The previous CEY management were as best incompetent at worst crooks. They basically trashed the mine to keep the big lie of effortless profits going for as long as possible. The new management seem to be doing the hard yards i.e. shifting dirt at a great pace. New practices workstreams etc appear to be making an impact in all aspects of the business but it takes time. Mr Market is behaving like a jilted lover and will take time to come round.
3. Gold must stay high whilst management of CEY wrestle the costs down. Keep a weather eye of 10 year US treasuries. The inverse relationship between yield and POG is pretty eerie. The other thing that could sink gold - that barbarous relic - are modern virtual alternatives Bitcoin, NFTs etc. There's a generational war going on with millennials shunning the physical and buying the virtual. There is no law that says gold maintains its role in finance even with thousands of year's of history behind it. If Dogecoin is treated as a serious financial asset despite it being originally invented as a joke, the under 30s could screw us all, so long as they don't run out of pocket money with which to speculate...

I hold both but quite frankly THS is a better stock to hold for the long term - due to it having better fundamentals whilst to trade it has to be SLP. SLP far more than THS and is thus coming up faster. I am in no doubt that ceteris paribus THS will follow albeit at a more leisurely pace...

Good analysis Colonel - I find myself in pretty much total agreement with your post. Where's the fun in that?
The only thing I would take issue is the assertion that Dugbe's in the hand's of the management not shareholders. It's not that we don't have grave concerns as shareholders we do. However, after the Q1 report because of the absence of II (that's a plus for SHG) we collectively contacted the managers representing about 8% of the shareholders. Maybe it was coincidence maybe not but pretty much all our requests were met and a new geologist and COO were appointed to boot.
We've done research on the Dugbe JV and are keeping our powder dry. However, given the figures put out by Pasofino (albeit with a much larger initial investment) it'll be difficult to walk that value back down in the eyes of us investors. We'll see!!!
As far as the sainted EZ is concerned he is a smooth operator. As a former investment banker he would be. Dan is not smooth at all and at times seems to forget he works for the shareholders. However, verisimilitude only takes you so far and that share sale leaves a nasty smell for me at least. Maybe as SHG shareholders you should pursue the share sales. Did the management know that there was a material chance of production guidance not being met from drilling assays when they sold out?
Let the results speak for themselves..

Sorry error is the WISE free cash - £1.5m NOT £15m

2 stocks one generating around 30m USD in free cash with plenty of growth potential is valued at GBP82 whilst another generating as per prospectus £15m with plenty of growth prospect is valued at GBP9300 (WISE & HUM)
Really, what is the point of being numerate nowadays, to me it seems to be a disadvantage.
Well done HUM what we needed was a steady as we go RNS. Keep sweating the small stuff!!!

Well Colonel we've had our differences vis a vis SHG and HUM in the past and given the news I couldn't resist a post. Firstly, I've not come to gloat - HUM hasn't exactly done brilliantly recently either. Secondly, compared with your posts way back, I thought you've been fair and honest and very insightful covering today's events. And thirdly given our original arguments they've all been proven a bit moot given what has actually happened. Funny thing investing in shares.
All my original objections to SHG were relating to the jurisdiction in which SHG operated. Not least danger of the company being taxed to death. Well since then the main man responsible for this perceived threat has died from a disease he claimed didn't exist and from today's announcement the arrangement it seems a face saving solution to reimburse the company what it is owed without admitting a U turn. Mind you the company will still be kept on a short leash as further allowances against corporation tax will be subject to further audits etc.
Well my original objections have been lessened but oh my god the rest of the RNS - what a horror show. Reminds me of HUM's Q1 update but at least Betts hadn't done a runner like the Sainted Z and co seem to have done.
Isn't what they've done insider trading?

Question. DD at Selin. DD = Diamond drill?

Don't disagree - the pumping was supported by good news but people are impatient...

and now we're getting the dumping...

Who was that guy before Dan - Europa Metals? Thought is was a spoof at first

then ignore him...

I don't know why people get so hot under the collar just because of a post that doesn't fit their view of the stock.
Calm down. Owning a share is not like be a member of a sect. Fear and loathing is all part of the game.
If you read a post that you don't agree with, consider this. Is it just mindless speculation, a common occurrence. If so then just treat is as the flotsam and jetsam of the cloud based world that it is. Ignore it.
If on the other hand it contains some information, data, considered ordered arguments then test them against your version. You're free to reject of course but it worth noting that this is exactly the process fund managers go through when selecting stocks.
Rather than being angry be grateful - the other guy has spent some time and brainpower in giving you the opportunity to strengthen your understanding of the stock.
Sotolo et al - your comments are welcome as far as I am concerned.

There you are dying of thirst in the deserts of Mali waiting for salvation and one 1 but 2 gold route buses come along on the same day. CORA & HUM.
Mind you shame about the timing of the CORA shares - they're up >50% today. Still mustn't grumble...

@miln - yes I hadn't made the connection between the surviving "offensive" syllables. Nice touch about the bedfellows too. Perhaps bed will be next for the bleeping out.
We live in a mad mad world....

@Cplloyd "feeling I am missing something."

You speak for us all....

No problem, just checking I was reading the a/cs right. I first say this stock when recommended in the FT so came at it in a positive light. However, when perusing the a/c I was turned off by the complicate accounting which represents the whole process of generated cases into cash as well as the continual glug glug of cash going out the business.
I'm not in the business of deramping - people need to make their own minds up but to me the fact that cash has gone from £8m to £1m says only one thing - a share issue is on the way or perhaps more debt.
Either way the status quo, to me, look unsustainable and to talk about a progressive dividend policy when the business consistently burns cash looks either irresponsible or worse - window dressing designed to tempt investors in who can't be bothered to look at the figures. You may doubt it but many investors use dividends as a proxy for cash flow.
Present company excepted of course!!

You mention that MANO was cash generative this year. Where? Please indicate where in the accounts this is so because from my reading the opposite appears to be true...?

I haven't been on the board recently - shocked to hear TBTT has been banned.
Why? How?

I don't know how many company representatives are on this board madly spinning the line that there is nothing to see so please move along please ladies and gentlemen but I have my suspicions.
But, but, but the non issue of share is a massive issue. It was the cornerstone of the financial arrangement underpinning the new mine in Guinea which in itself was set to transform the prospects of the company. To simply issue a terse statement that the issue was not after all going ahead and then absolutely nothing is, quite frankly, a poke in the eye for PIs.
If nothing is mentioned in the next quarterly update I think PIs should organise again and force a response from management. We did it a few months ago and got a transitory response and promise of better behaviour. That now seems to have evaporated...

Anybody got a link to the Vox podcast or is it not available yet? I have looked but couldn't spot it...