Member Info for booboouberbear

https://www.axios.com/2023/04/11/newmont-sweetens-its-golden-megamerger-offer-for-newcrest

I fully expect it at some point this year, there is going to be a lot of gold mining consolidation IMO, the management will hold out but there's always a price and we are cheap...

If we gain strength heading into the quarterly results I have a good feeling on what they results will bring, I too have just topped up my ISA and done a Bed & ISA to take my full allowance up for the 2023/2024 tax year.

Here's to good times at SHG!

Interesting week on the Macro side, ISM Services today at 3pm and NFP Data on Good Friday.

If they both come in soft you could be looking at an ATH on the Dollar AUX Pricing, I actually see a take out of that sooner or later in Q2, USD$2,100 and then on to USD$2,400 by 2023 is out. Just for a bit of fun to look back on.

Same on the flip, if they a strong, with the AUX rise recently, gold will get hurt. You pays your money and all that...

You'll see a jump in buying activity tomorrow AM. Mew tax year and a different capital gains tax regime to take advantage off.

It's also being backed up by physical demand not seen in decades. The rise of gold is multi faceted.

The biggest concern I have here is this is raided and we go on the cheap by takeover.

This is soon to be a cash generating machine.

https://www.reuters.com/markets/deals/teck-resources-rejects-unsolicited-acquisition-proposal-glencore-2023-04-03/

With dirt cheap valuations there's going to be a lot of unsolicited offers out there at all levels like this. The vultures will probably pop back up here before too long.

If they keep rising interest rates into this, then then the banking sector and its unrealised loses and REITs will all explode at once. That's a bold call.

Interesting comments about a high-level workshop in Kenya in a few weeks / possible early commencement of mining operations at WK.

https://twitter.com/shanta_gold/status/1641738783895715841?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Re: the conversation on this yesterday. See link of shanta tweet. Great arial photo of the leaching heaps at Singida, looks to be a coverage of 60/70% to me. And I'm still sticking to full 85 Oz per day production at or near end of May based on this.

In the same way Sterling went 'nowhere' in the 19th and 20th Century, the Dollar will go the same, it will still exist, but it will be vastly diminished in its role as Kingping Global Hedgmony. In the same way Sterling was reduced in stature after being the once undisputed global currency of trade.

Taking all the conspiracy crap away, it's a natural progression, the Greenback at the Global Reserve backstop was forged, at a moment of opertunism by the USA out of the chaos of WW2 and Bretton Woods sealed Europe's fate in its moment of weakness, the BRICS aren't going to keeping giving the USA its 'exorbitant privillage' to quote an old French Leader, they shouldn't either, they've gone from a rounding error of Global GDP players, to serious players, if you think they are going to keep all of that hard earned growth hinged solely on the dollar, and all the counterparty risk that goes with that you have to think again.

Yes, he said that on a proactive investor interview I'm sure, they have sized the leach heaps way in advance of the 30/35k Oz the mine plan specifies for future expansion.

They need to be producing at 85 Oz per day to get to 32K Oz per year. They are off to a flyer at 35 Oz per day as of yesterday.

AU isn't a complicated element / process to leach up to full strength (Nickle for example is and can take up to 2 years to leach), gold typically takes 2 months to reach full concentration in the heaps.

My baseline is they'll be at full strength / 32K Oz per year / 85 Oz per day by the end of May.

The US Debt Ceiling also has the prospect of dwarfing all other crises if the **** it up.

The US is on forecast to be running USD$1 5T budget deficits going forward, and that's the rosy numbers from the CBO. Any future debt, currency crises and or recessions will wipe that forecast clean out.

The Ernest Hemmingway quote from the Sun Also Rises will prove correct here, "How did you go bankrupt?” he replied, “Two ways. Gradually, then suddenly!”.

I see AUX making a run on an all time high in next week's actually, I think the Macro planets are aligned for it.

If, and it's a big if, these levels are the new normal in a world scrambling for non dollar backed, no counter party risk, then we will be in rarefied fresh air before we no it, because the money will pile into all PM miners in this instance.

Macro and Micro has to align, that's the investment thesis here, and I'm backing it will.

In great shape, so much to look forward to and should be a serious cash spinner in the next couple of quarters.

Holding and adding.

If SHG was on a better, more liquid exchange like TSX or ASX, the liquidity would be vastly better, and so would the SP / MCAP.

So far today, we have something like 0.15% of shares traded, it's lamentable.

This is years of fraud and incompetent regulation on AIM, as such, the liquidity and incestor interest is non existent as everyone usually has a disaster story to share from AIM historical investments.

Think I ****ed that up on P&L.

Anyway, what matters is going forward.

NLGM looking like it could go near 20K oz again in Q1 and it also says $4.6m of VAT has been verified for refund in Q1 2023, so Q1 2023 cash flow should be the best we've seen in a while IMO. Singida going live imminently too, worth a top up this morning, which I've done.

Not the worst, a small loss considering the operational problems they had, but more conformation of the maiden gold pour at Singida in March so this and the Q1 2023 operational result in the next three weeks or so will set this up going forward.

https://www.linkedin.com/feed/update/urn:li:activity:7046531346088767488/

I do believe our friend has just given us a wink and a nod here:

Official confirmation soon!