Member Info for booboouberbear

There is still 764k Oz of Resources at NGLM outside the Reserve. I wouldn't agree that the Oz can't be replaces at NGLM, they can, but it would help massively if SHG could swallow up the old Helio Resources adjacent.

CAPEX is expensive but worth it for an miner, LoM and Resources are the name of the game. SHG are in an enviable position now where we'll spent strategic CAPEX spent now will come back numerous times over in the years to come.

CAPEX on the 3 projects are churning at once would be my guess that the debt / cash position isn't as 'good' as some thought it would be.

But you mend the roof when the sun is shining.

Guidance being hit, or bettered.

Costs under tight control.

Profitable in a rising gold environment.

Drills turning at all three projects to extend life and quality.

What's not to like.

To achieve the mid point of the 90-98k Oz 2023 production guidance we'd need approx 25k Oz production in each of the next two quarters.

Personally, I can see anything from 25-30k Oz being produced this quater, as Singida in my eyes is clearly scoped and sized currently to produce much more than the stated 8k Oz per Quarter and the recovery rates based on last Quarter is much better than the feasibility study suggests.

Hopefully good news ahead on production and an imminent CEO replacement.

Heading towards $2k again, let's hope for a positive RNS or two on Monday.

Https://www.marketwatch.com/story/lse-says-trading-incident-halting-many-stocks-935c270

Can't even trade on LSE at the moment!

AIM is a serious problem for Shanta. One few investors want to recognise. You get far better valuations on TSX and ASX than you do on AIM. LSE, has a problem full stop on attracting investment, generally, but AIM has a laundry load of issues, specifically.

Agree. Could be double bullish.

Forces may be about to align this week coming. Someone front loaded this crisis on Friday with a 3%+ bump in AUX, interesting week ahead.

The news posted the other day was positive, it let a glimpse into the companies planning for a mine / processing plant for Ramula, and it also showed a local politician shouting about how Shanta should be investing in his county. All great stuff.

Monday will be interesting for Gold, see how events in the middle East are digested by the markets over the weekend.

NT = Negiotated Trade. When buying shares if the market is "tight" the automatic settlement might not work, so it goes to a trader / series of traders to settle depending in share price / volume. Can mean high demand (but can mean lots of things).

Had another top up today, couldn't say no, the Micro is all there company wise, and if things go very wrong (geopolitical) in the middle east, they go very right (Macro) for Gold.

Great knowledge @viable.

So it looks perhaps Barassa has given us an early indication, via his political inside knowledge that Shanta will choose Ramula and the setting up of a gold processing plant in Siaya County as the preferred economic model to be contained within the Feasbility Study to be submitted for a Mining Licence. Great stuff, seems very advanced and has given us a taste of what is to come.

As for Barassa, when the time comes for investment mining in Ikolomani County and Isulu and Bushi, I bet Barassa changes his tune awfully quickly.

Thanks.

Looks positive, looks like they are far on in the development of the mining licence application and have plans to process the gold in a certain location.

The rest is just mining in Africa, looks like a shake down by the local politician who wants a bigger peice of the pie, which can all be sorted given time / negiotations.

Https://m.miningweekly.com/article/south32s-fraser-takes-gold-mining-ceo-job-2021-09-26

Just left Chaart Gold with immediate effect.

Decent CV, extensive experience in African Mining, although Chaarat didn't exactly work out the last 18 months for him.

Don't know, there is something rather remarkable happening in the Bond markets that feels anything but the usual market gyration. Impossible to know what happens here.

With a surging US Greenback and surging debt yields, PMs are taking a battering.

Shanta will show more resilience than most down here in the PM Juniors as it has good cost controls and low debt. If you have high AISCs and a wedge of Debt, you’d better look out below.

@10.54 I agree, this is a raging fire with all the exits locked scenario.

With oil melting up, and Bonds melting down (yield going up) it does have a 2006 / 2007 feel to it...if the Fed let's this run, it's got credit event written all over it, and a crash, and yes, all recent history suggests the Fed will ride in with the fake trillions and that means hyperinflation.

The truth I we have no idea what's going to happen in terms of inflation / interest rates in the US.

15 years of subversion and central planning where everything was subdued / pumped up on U Fed printed money, and as that unwinds, historical assumptions on equities, bonds, inflation and interest rates could be washed away...but then maybe not.

The US is now running a debt/GDP ratio approaching 10%, this seems to be reignited inflation again, and the higher bond yields go, the more oil seems to be tracking it, the price of gold now seems impervious to rising bond yields, we'll have to wait and see if a new normal is in fact ushered in with inflation/ deflation, recession or depression, all possible.

AIM is a hall of mirrors, don't believe what you immediately see.