Member Info for booboouberbear

And especially the regional stuff is on fire, the share price rout may only be the half of it, there's probably a full bank run going on behind the scenes in deposit flight, this weekend will be interesting to see who goes bankrupt, the FDIC will need to be saved also by the FED / Congress, that's also bust at this point.

@16:52, correct.

Add to this we are in the junior side of the resource sector, and the PM sub-sector to boot.

Even investors here who consider themselves political and economic centralists, being investors here suggest you're a contrarian, even if you may not think it yourself, the investing world doesn't really think what we think, investing in commodities as a percentage of world GDP is a rounding error compared to Tech for example, we, I know I am, am invested in companies like Shanta because I think it the relative near future, that proves to be dead wrong under a collapsing post-bretton woods fiat world.

US Banks , especially the regional ones being set alight, tomorrow when the Fed raises interest rates again may be fun!

To top up on any weakness, this week has offered an unexpected opertunity. The shanta 2023 story inly just beginning.

Over the Con Call and Proactive Investor call, this should now be producing largely capex free 9k ounces a month in April, and probably some average 8k ounces going forward IMO.

Add it WK and debt being taken down and the story is only just starting IMO.

The new NED also spent a lot of time at Ivanhoe Mines, with Robert Friedland, getting interesting this.

Tick up now lol.

Looks like new owners and their own management to me.

The SP given the volume stinks, whatever way you want to cut it.

The likes of Oddey, etc. won't be pushed about, they will get their return, but it won't be what we are hoping for from a great little company...sadly.

A deliberate reference from our outgoing CEO.

Sawiris / la mancha a key backer in Endeavour Mining who are big in West Africa, specifically.

I doubt we'll make it 2 years, this is the fund that our new Non Executive Director is tied to as referenced to in the RNS:

https://www.mining.com/la-mancha-launches-1-4-billion-gold-mining-fund/

On the money with the exception of February at NLGM, again, these things happen in mining. Offset with Singida now producing well above nameplate before April is even out, NLGM is now a circa 72K Oz a year mine without significant resource exploration.

CEO going, pushed, jumped, burned out. Either way, they need a serious replacement to take WK forward.

Considering the "puke" from yesterday on surging rates around the globe, its quite something that gold isn't budging despite what is being thrown at it in terms of US Yields and DXY.

West Kenya (WK) Shanta's Kenya project in resource stage.

To the here and now, the funding of WK is meaningless to the SP.

All that matters is a positive operational Q1 update.

The SP as firm as it’s been in a long while, feels like we are setting up for a rise on the back of confirmation of a positive operational update IMO. It's a big week, they need to confirm the operational troubles are behind us and we can see blue skies ahead.

I have spoken before on here, AIM / LSE, in comparison to ASX and TSX has a seriously liquidity and confidence issue, the valuations of the Junior Resource sector in comparison to it’s TSX / ASX counterparts are way off, which will only hasten the demise of AIM / LSE listed companies as a result be that delisting to go private, listing on other indices or being taken over. LSE generally is not in good shape!

Specifically, to AIM, it only has itself to blame, it’s been a regulatory blackhole car crash for a decade now and outright theft masquerading as risk has been left unchallenged, as such serious investors have got up and left.

Shanta will get taken out, it’s only a matter of when and how much cash can we make out of it because it’s far too classy for AIM and extremely cheap as you point out.

Mine guidance going forward will be 68-76k Oz per annum IMO. So reasonable to conclude steady quarterly numbers of between 17-19k Oz IMO.

if all goes to plan we should be utterly transformed as a business later this year.

Yes, eyes on the prize and it's all about the operational update.

Be interested to know what folks think is a set of positive results.

For me, based on EZ's comments on January 2023 production, I'm hoping for 18k Oz Q1 production (pro rata 72k per annum) and AISCs per Oz around $1,200. That could be a headline number of circa $11m margin for the quarter after AISCS.

Any beat of that will be hugely positive for the SP.

Singida showing a ramp up to full steady state production and a bullish statement on that.

Debt holding steady (dare i suggest starting to fall slightly) and CAPEX costs falling off with Singida going online.

That's 'steady' to me.

Stating Q1 results week commencing 17th April (next week sometime) with AU flying and volume / liquidity picking up here and the sector, we could be in for quite a week if we post string results / strong guidance across the projects.

End of Q3 is the big date for SHG, the NLGM / Singida Mines at this point will be producing at known production levels / AISCs that should set the benchmark for medium term production in the next 2 / 3 to 5 years.

The financial ‘collars’ also fall away at this point, and we should have an unhedged clean vessel of a mining company that should be piling up cash and also increasing exploration at NLGM, Singida and WK to expand the resources.

If it all transpires as planned, it’s a matter of when, not if the SP will be much higher assuming AU prices don’t collapse, but that also can go the other way if AU prices continue to rise.

For the sake of playing devil's advocate, you must also remember mining is viewed (rightly imo) historically as more risky and volatile to other sectors, its PE Ratios are usually always lower, the company doesn't have a great deal of free cash in hand, it now has to build that back up, it has approx $20m in debt I'd hazard a guess at at this time, and the biggest problem of all imo is the liquidity issues down here in the junior resource sector on AIM, it's awful, not in vouge and weighed down in sentiment by its own terrible historical performance and governance issues.

That said, I agree with you, if it's a good 2or 3 quarters in a row and cash starts to flush back on the balance sheet bringing net debt down sharply, we should bolt higher imo.

If the upcoming Q1 2023 Update is good on all NLGM, Singida and WK fronts, then it should set the scene for a rise to the levels you mention.