Member Info for booboouberbear

Considering the Christmas period, if a Canadian / Chinese Company wants to come in, it will have to come in quick.

The offer is so pathetic, there is a chance the Chinese turn up and it’s a blood bath by poxy, agreed.

Either way, you can now buy for a guaranteed 5% return on the T/O offer, which is kind of mental in itself.

The whole things is a disgrace, the lack of news flows, the CEO (no new CEO) and COO quitting this year, the whole thing stinks to high heavens. It’s been sown up for those in the know to make money.

Shareholders have taken all the risk over the last few years, now it’s about to become a cash cow the rug is pulled out from under our feet, typical AIM.

You can also expect a great Q1 Report in January, but we all know that.

Fine print. The NED has a vested interest in the company taking us out. Utterly immoral.

We've been completely screwed.

The Scottish and Welsh governments today have shown an early light on what awaits Western Governments and their Currencies.

Ever more tax to pay for things we can't afford, devaluation and inflation by the tanker full.

Hope you've got your Gold and Silver stacked.

Re: the NLGM and Singida drilling, I think that's just mining being mining, delays are part of the package.

Re: the new CEO, I suspect you're right, something is odd about that delay, could be takeover, who knows.

The only ones left short on Gold are the BIS, US Fed / Treasury and Financial Organisations who are told to go Short by the first two.

Today is a prime example, chaos in the Red Sea, and Gold being managed to finish on / close to zero, the manipulation is strong, but how long can the physical markets in the West hold up under the drain of gold out of their warehouses heading East, this is the question…sooner or later there is a serious gap up in prices due to Short scramble in paper.

A remarkable last hour at the US Federal Reserve, now publicly talking about 4 rate cuts next year…

Looks like Powell / Yellen is priming the pump for the 2024 Election Year, and be in Biden or Trump in the White House after it, someone is going to be left with the inflation they will be left with after all this mania.

The Old Dove-Miester has spoken at the US Fed in the last 5 minutes, everything pumps.

the us fed / treasury come up against their next ponzi issue in a few weeks , when the reverse repo falls below a point were the us fed has to stop all quantitive tightening (qt) or cause an all out liquidity crisis.

then at that point with no reverse repo funds to buy the $usd2.5/3t per annum in us treasury bills / notes, they have to step in with more qe / expand the us fed balance sheet or face a liquidity ****storm.

the planned economy ponzi keeps going till sometime, something eventually blows up:

https://finance.yahoo.com/news/sharp-fed-liquidity-drain-hints-110402176.html?guccounter=1&guce_referrer=ahr0chm6ly93d3cuz29vz2xllmnvbs8&guce_referrer_sig=aqaaadelsgqoy1sb4aamlinxonoiqkh6rz8jjealytrz4iuptxatfmyzym6xamk-oubz9d6-la_wuyvbdjcwzgmrlycfz5fmufjxf-zqhfhtmk4g7mtycmbf2tilpam6rpe2jlhqdssi1df0yrujg4bdvbymwnpdqapjeva7rtvospjw

Https://tradingeconomics.com/united-states/government-budget-value

"The US government budget deficit widened to USD 314 billion in November 2023, from a USD 249 billion gap in the same month of the previous year, and came above market expectations of a USD 301.05 billion deficit. November figure, was a record for the month and the highest since March, driven by significantly higher interest costs and other expenditures. Revenues witnessed an increase of $23 billion (or 9% from a year earlier), reaching $275 billion. Meanwhile, outlays experienced a substantial jump of $88 billion (or 18% from a year earlier), totaling $589 billion. The increase in interest payments on U.S. government debt accounted for $25 billion of this rise. Debt costs has been rising since March 2022 as a result of the Federal Reserve tightening cycle to curb inflation rate"

No one seems to care, VIX at 4 year lows, US Stonks still being pumped. The ponzi shows no sign of being dethroned.

Agreed. Silver’s small size makes it a prime candidate for being squeezed.

You wouldn’t want to be holding those bags if / when that volcano goes up, of course, the US Federal Government (and Citizen) will be the ultimate bag holder in all scenarios.

It’s a paradoxical investment proposition Gold and years of wild money generation and zero percent interest rates have suspended gravity.

On the one hand you have non-western central banks snapping up physical gold deliveries at rates not seen Post WW2.

You’ve got the LBMA, COMEX, GLD, etc. emptying themselves of all physical stocks trying to prevent a blow up in their paper markets.

You’ve got massive private / retail physical gold take up and ownership in non-western countries, but very little in western countries, and when it comes to investment houses / funds of various forms in western countries their exposure to Gold makes up somewhere between zero and nothing in terms of their portfolio percentages.

All Gold producers that I follow are making good margins now on $2k Gold, but they are hated in terms of investments (this is a wider issue in western economies where people only seem to want to invest in 7 companies worldwide).

The Reserve Currency of the world is running 7-8% budget deficits in order to get 1-2% growth, that’s just blatantly not maintainable long term.

Sonner or later however, we will have our day, last Sunday night’s punch up in the Hong Kong Gold Market cost “someone” about USD$30b in order to smash it back down, I’m guessing an even bigger paper v physical smackdown is on the cards very soon as physical levels in the West get drawn down.

Exploration updates aside (we should be having both a Singida and NLGM exploration update by the end of Q4 2023).

The Q4 2023 Operations Update ‘could’ be the best in terms of Operations and Financials Shanta Gold has ever had. I say ‘could’ because the wet season in Tanz can cause operational issues as we know.

Tonnage of ore milled at NLGM was 226,358 in Q3 2023 at 2.9 g/t at 86.5% recovery rate. Tonnage of ore milled at Singida was 93,292 in Q3 2023 at 3.4 g/t at 97.4% recovery rate.

If they can keep they numbers going you could be looking at 20k+ Oz for NLGM / 10k+ Oz for Singida.

‘If’ they can get near that range then we are also looking at a fall off in AISCs for both NLGM and Singida and a higher gold price sold for these last few weeks.

Could be a bumper. But mining being mining, caveat emptor…

He admitted at the last Con Call they have had issues with resources and external sub-contractor’s letting them down in terms of delivery. Suppose it’s just mining being mining, as you say. I have no doubt the wet season in Tanz will also slow things down.

Operation Slam in full flow, today's awful JOLTS data in the US actually has seemed to increase the sell off in Au / Ag...go figure!

We will have our day, but looking still a way off. For now it's still full steam ahead in pumping all things Crypto and Tech.

We got a brief glimpse in Asia yesterday what can happen, but that was snuffed out and there are going to make an example of anyone who tried it.

Some numbers, in the aftermath of the Asia spike, it took volume of 200m ounces of silver and 400 tonnes of gold in order to bring the price back down, that is around 20% of the yearly totals mined for Ag and and circa 13% of the yearly totals mined for Au in a couple of hours slot. That was circa $25b for Au and $5b for Ag. This isn't trading houses throwing this kind of wedge about (on either side), it's central governments battling it out to see who controls this, Asia and it physical deliveries, or America and it's paper contracts...we'll have our day one day.

Never, ever underestimate the nature to what the PM market is manipulated to and the vest interests in ensuring price discovery doesn't happen. Even by historical standards the last 24 hours has been incredible.

As the flood of physical gold flows east, flare ups like this will become more common, considering AU is a $14t dollar market, short covering / margin calls at 2/3% are going to become very expensive for the paper held on New York and Chicago.

Both Friday last thing on COMEX and Monday first thing in Hon Kong was incredibly volatile to the upside (and these trading times typically aren’t) so something is most certainly up in the AU trading world.

Will be interesting to see what happens when COMEX comes on line, I don’t think we are done for the day in terms of volatility…