Member Info for artrader

You only need the ‘okfornow’ alarm....

They are pushing the deal forward until their debt is repaid as the contract is with the lender.

Just another seasonal thing ... a biblical hangover which includes, Floods, Locusts and French Miners (Frogs) and BOIL s

Every penny of the rise in gold last year/ this year is 100% pure profit before tax. Look at the HOC results for last year .... it’s beginning to dawn on everyone and the price is still going up.

Wow the price of Gold has had a 100% effect on gold miners profits .....I guess any rise in the price is all profit

The gospel according to Eric the Z “Gold is only going one way ....hupp”

It's like Sunday night with Bruce
Good game 2.5% UP

Results look to be in line with last year unless the gold price they achieved throughout far outweighed the lower volume. The future includes Rare Earths which seems to have been ignored but surely tomorrow should give further insight. The future could be bright it could be orange earth.

BLOE me down .... is it a Hostile T/O?

Mwanza is far away from Mtwara ......luckily I have a Tanza spill chuck

That just about confirms a sale in the offing
After the shares were suspended, over 30 million warrants and options were exercised by stakeholders in Eurasia Mining, including 20 million from Sanderson Capital Partners and 2 million from Optiva Securities. Employees of the company reportedly exercised over 8 million options.
https://www.thearmchairtrader.com/eurasia-mining-shares-sales-close/#

13 years until they see the first revenue no but wait....Ten years of exploration already carried out by Acacia at a cost of $55 million (that came As part of the $14.5m package) so that’s only 36 months to go. We’re already $40.5m in profit

The net assets were $105m in December 2018 if you take this figure and add five years projected profits of say $125m you get a basic valuation of $230m 230/794 gives you a share valuation of .29 each add to this whatever gains has occurred since December 2018 including the $55m exploration data included in the Barrick sale, plus goodwill and you've got a fair value today. 30-35p
........

Careful with BLOE there could be another MRS J PARVIZI waiting for things to BOIL up

Sorry too late for EUA ...
I am still holding here but not missing out on the others just following the trends like a lamb to the BOIL

If you can keep your head when all about you are partying then you’re all better men than I am Gunga Din
Meanwhile the party is still on GGP. EUA. SHG. EUZ and soon to be HOC and TSG
Dyor

Value of gold in 36 months? 1750?

Imagine if you could buy into a company that had a contract to buy Gold at $103 per Oz now imagine if you were offered this opportunity at 12p a share...... You'd walk away thinking it was a scam, we all would. But SHG has just paid $14.5m for $1.5billion worth of gold that's $103 per oz ........... those 12p share are going to be snapped up. £20,000 in my ISA at 12p today is going to look like £6 in 36 months time so it going to be worth £1m just like the adverts you see "How I made a million in just 3 years" no need to buy my book this is it......... no wonder Eric is smiling like a cheshire cat he just got all the cream.

It may be the other way around ...it only takes confidence and know how.. and a bit of credit

Barrick bought Acacia Mining for $1.2 billion in September 2019
https://www.mining.com/barrick-takes-acacia-mining-back-as-buyout-deal-sealed/
Barrick has a joint venture in Tanzania with Twiga Minerals
https://www.barrick.com/English/news/news-details/2020/Barrick-Back-in-Business-in-Tanzania/default.aspx
IMHO this puts SHG in a fantastic situation with the Tanzas and their neighbours as well as Barrick and all their gold prospects in Tanzania which I feel they don't really want..... SHG can handle this too as I've said before.