Member Info for artrader

Upgraded dividend guidance for the full year to be announced shortly unquote
Note it says UPGRADED .......it’s going up
They’ll wait until they have October’s figures which I believe are outstanding and chuck in another$5m
They are the only miner I have that just stick to the job of making money.

Product sales for the first quarter to 30 June exceeded £3.4m and orders for July and August continue to look encouraging. Our order book at the end of June stood at approximately £2m. Our current net cash position is healthy at £1.8m.

The last trading update 24th September was very clumsily written “ Our forward order book now sits at £1.1m, reflecting a modest summer lull in purchasing activity and to some extent the evolution of the customer base. ”
This should have read our income for the 1st 6 months has already exceeded the whole of last year with little respite in sales and a solid customer base.

As I said before Barrick were committed to sell the holding it was in their RNS to shareholders, Shanta did not have enough funds to buy what they saw as a cheap deal so they offered shares instead. Shanta said they cannot sell them for a month and to keep the SP up after that they hyped the SP and then offered to pi's at a discount, using 2 brokers they managed to let Barrick out with a huge profit for its shareholders. Great deals are created from awkward situations, I'd hate to play poker with Eric.

Eugene Antonov, COO of Trans-Siberian Gold commented:

"We are excited to report the high-grade drilling results from our ongoing drilling campaign “
Excited 1304.5g/t Au .........I’ve wet myself

I need whatever you are on

Acacia paid $10m for this asset and spent millions over 3 years on exploration but couldn't afford to go ahead as they got truly * in Tanzania after a TAX INVESTIGATION cost Barrick $190m
Barrick were forced to fully takeover Acacia and dumped their assets.
You can only see the rosey side instead of reading the facts.
I told you that Barrick had to sell their stake in SHG because that's was the deal with their shareholders and if you think the placing was oversubscribed and conveniently allowed Barrick to get out lightly then you haven't been following this farce that closely.
Still waiting for Barrick to up their stake? ...... never they have had enough of Tanzania

Barrick spent years in Kenya and gave up on the asset and were always going to monetise their holding here. Shanta got it cheap and may have to wipe their mouth as it is a difficult prospect ... 3 years time we will find out. Eric is Spreading very thinly now in the middle of a Tax inspection... he pulled it off though. I’m staying in

Colonel
As I said Barrick are obliged to monetise .... and they’re Out

· Net debt of US$5.1 m (Q2: net cash of US$2.1 m); follows US$7.8 m cash payment for the acquisition of the West Kenya Project in the Period;

What cash flow? They just spent 7m on Kenya , 1.2m on machinery., a million or so on VAT a half million to raise more funds .... Tanzania govt owes them 20+ million and they seem to have a lot of unsold gold... I hope.

Barrick are obliged to sell.... it was in their RNS
They promised to monetise the asset and may have... we will see.

What about this
The gold miner wants to raise US$20mln to develop Singida, with the IPO documents now lodged with the Tanzanian authorities.

· The Company has advanced a number of financing discussions, including an IPO on the Dar es Salaam Stock Exchange and local debt financing; and,

· Management has taken into account the strength of the Company's balance sheet together with other considerations and concluded that the best option is to finance the construction of Singida from operating cash flow.

unquote

What happened here? since this proud announcement just a month ago
Eric Zurrin, Chief Executive Officer, commented:
"Entering a net cash position in H1 was a major achievement for Shanta and followed sustained deleveraging over a number of years.
.... Eric lost his head and went on a spending spree.... Acacia worked for years on that Kenya asset and spent hundreds of millions and then sold it for next to nothing, you may find out why?
There's a Tax enquiry too...... the house is not in order anymore and Eric needs money.
seems like panic to me.
DYOR i'm staying in as I know everyone will buy into this .... only for a rise in the sp.

Gold revenue for the year to 31/12/20 looks on course for $73 million (12M 2019: $63.1 million)
Thats an extra $10million half of which was pure profit due to the higher selling price
that's an extra 5c a share in dividend at least. They will pay more in dividend as they want the SP up to 150
thats the aim dyor

Vein 25 has begun and it’s thrilling drilling ....can’t wait until Christmas when that Northern star stops, followed by wise men. It’s in the charts but it’s also in Vein 25

Very smart reminds me of the infamous Rockhopper days when everyone in the Falklands was linked to RKH .... such halcyon days

Smart thinking .............I’m the best trader EVER! Lol

I was going to sell today but the spread being so wide I decided to top up to lower my average......smart thinking uh?

Why don't you guys start a competition on who guesses the time on Friday that the licence is granted. I say 2.30pm Tanzanian time. (4.30pm UK time).