Member Info for booboouberbear

Now looking superb, rates can't go meaningfully higher or central banks will blow up their economies, they will soon admit that means a higher inflation rate as a benchmark.

Can't see what stops a bull run in gold and silver over the next 5 years, they'll be peaks and troughs of course.

No getting away from it, Uncle Jerome is in a Mexican standoff with the markets, keeping jacking up rates to deal with hitting a <2% inflation target and something well and truly blows up, or raise your inflation target to keep rates down, that comes with serious risks with your currency, and possibly your inflation becomes unhinged as it did in the 70s.

All roads long term lead to Gold. Short term, it’ll be bumpy.

https://oilprice.com/Metals/Gold/Singapores-Central-Bank-Quietly-Boosts-Its-Gold-Reserves-By-30.html

Central banks continuing to pile into Gold.

Tony, no one is arguing about the bullishness of the company fundamentals, but a receding tide will lower all boats, 2 things can be true at once. ATB.

If the bond massacre in the US spreads and other banks catch a cold, Shanta and all liquid stocks, won't be spared. Buckle up, it could get nasty.

As the article posted on this thread last night points to, the Macro position of the spot gold price, and the micro position of the share price specific to shanta gold, is caught in a global tug of war of the global economy, USD, bond yields and everything macro in between, people get overly worried about day to day share price movements, they really shouldn't be, there is an 1 of a million and 1 reasons why people buy ir sell there shares, you'll go crazy worrying about it at such daily detail.

This company will soon start spewing out cash relative to its MCAP, and baring unforseen circumstances, which do sadly happen in mining, the SP will react in its good time. The real pay off here is what happens when the Marco focus shifts and shifts towards investment into junior resource shares like SHG, when (and not if IMHO) when central banks around the world tank their economies into outright recessions, and bond yield and GDP tank, and deficits explode...then what us fly into multibagger territory.

Just my IMO.

https://www.linkedin.com/feed/update/urn:li:activity:7037648595843493888/

2 weeks out from first gold pour I’d guess at.

And a large run up in AUX late on in the COMEX trading day, all coming together nicely.

Interestingly enough, in that video below, he states 'On track for 100,000 oz pa run-rate this month', so they most be expecting to be up to 8333 Oz+ per month pro rata by the end of this month / March 2023, that is the stated long term run rate on both NLGM and Singida, transformative times ahead.

https://www.investorschronicle.co.uk/ideas/2023/03/02/this-miner-is-now-much-more-than-a-gold-price-play/

Bullish write up.

A formidable foundation is being built here for a company with a much bigger market cap when macro conditions prevail in our direction. A doubling or trebling of CAPEX in drilling and resource and reserve upgrading will, for not a great deal of cash, see our LoM at NLGM and Singida extend into the 10 year plus category IMHO.

Great times ahead if you can wait out the short / medium term malise.

We (for which I include myself) are guilty of over thinking reasons for why the SP doesn’t move in a certain way, for me it’s pretty simple, the larger investor / market appetite for shares like Shanta is dire, there is next to no liquidity at this end of the resource market, the play here is the micro environment of the company is a fantastic growth and revenue play, the macro appetite will turn positive at some point, it always does, and when it does we will be placed to benefit markedly.

Moving to a low cost, open cast pit option, a la Singida within 3 years would be my guess, all the focus is on getting the resources up and to Indicated and then on to Reserve Grade and DFS.

Once through into Q2 (and especially Q3) when all the Capex drops off this will be a cash machine in terms of our MCAP, it’s only a matter of when and not if it rerates (caveated that it has to stick to it’s plans and there are no nasties lurking).

$25m net debt end of Q4, expects to be in a net cash position end of 2023, he must be expecting serious cash revenue Q2 going forward.

The usual Powell mess, something about ‘disinflation’ that appears to be the new ‘transitory’ to pump stonks, he’s making it abundantly clear he thinks when the lag of interest rate rises kicks in there will be a recession and to meaningfully go any further would be unnecessary all music to the stonk market’s ears.

What comes next could be recession, deflation, outright default with the debt ceiling or if he screws it up it could be Arthur Burns and inflation takes off again with financial conditions easing (used car prices and gasoline in the US are rising again for example).

Dave, seems a reasonable conclusion. Positive he's gone if he, and his father have a negative impact on the running of the company. Great to see the company's local footprint grow yet more. Makes a massive help when discussing matters, licences, local politics, VAT...

Appears Newmont is trying to gobble up Newcrest.

https://www.lse.co.uk/rns/SHG/q1-2020-production-operational-update-4ddycmyti480lwk.html

Indeed

Singida on line in March. EZ in his proactive investors interview also stated that January 2023 was the best production January in 3 years, that was a 20k+ Ounce Month. EZ also mentioned 13k Ounce of stockpiled Ore at 3 g/t at Singida.

Some great production and revenue ahead.

Interesting workings as always, Viable.

With AU firming and the DXY falling, I'm hopeful for improved AISCs and larger margins, we will get the Singida costings this month from the BoD before the mine goes live, will make for interesting reading.