Member Info for booboouberbear

I’m hopeful for a good bit more than a 3m+ Oz resource at WK this time in 12 months, we are in great shape with this and the two other in production / construction projects.

Don’t expect that to be realised anytime soon in the SP, however, it’s a mess out there and if China goes down the drink, it will only get worse, but then you could also see a return quicker to lower interest rates and QE faster than we expected, which would be bullish for gold.

I continue to accumulate and wait…

Going back through the old EZ interviews, he’s mentioned 3m+ Oz a couple of times, and I think that is where we are heading once the Phase 3 2023 / step out drilling programmes have been completed and resources / reserves compiled, the below link presentation from October 2020, shows what zones / depths will be drilled as part of Phase 3 (Page 10) in 2023, like yourself, I’m expecting 2m+ Oz once the 75% of the Phase 2 drills have been included (75% drilled, but only 65% of assays delivered to date) and then onwards to 3m+ Oz.

https://shantagold.com/_resources/West%20Kenya%20Project%20Scoping%20Study%20Presentation.pdf

The really exciting thing is with the cash generation from NLGM and Singida, exploration can be supercharged from March 2023 onwards.

Also, the current dividend twice per year costs approx £1m for a £0.001 dividend. I full expect that to double or treble come April.

Institutions like that kind of thing.

Yet more results pointing to a complete world beater of a graded resource, this as planned will have a resource over 3mOz within the next year, and who knows where it’s going beyond that.

With a mine in production, construction (4 months away from construction) and exploration, 2023 should be very good for us.

When Singida goes live in March, we stop haemorrhaging $6/7m a quarter, and start realising that cash profit on 100-110K Oz per annum, that will also speed up and add exploration ounces at NLGM, Singida and WK, this should really be transformed by mid-2023 and I will continue to add on weakness.

No doubt someone will come calling again in 2023…

Two aspect to this, the company is a great long term buy, great projects in production, construction and exploration, 100k+ producer for March 2023 onwards, WK could be an early play Gieta IMHO. If and or when the junior resource market sentiment turns, we should do very well.

All that aside, the last month leaves you thinking what the BoD are up to, and that "likely cash offer" on the same day the CFO's dad was selling, doesn't do anything for trust, or future liquidity when the worm does eventually turn here, say, perception is reality on AIM, trust and confidence is everything.

That aside I continue to hold, and I'm sure I'll be adding sub 9p soon.

*revisit

That's what struck me, Tony, it was clearly serious and advanced, but they could agree the final structure, which I'm guessing was percentages, it tells you if Shandong doesn't materialise that these two may resist this at some point.

RTN, weren't you just on this chat yesterday slating people for similar behaviour?

Another lesson if anyone ever needed it that no one on these boards should be taken literally, inuding me, it's full of everything on these boards.

Indeed. Why is tye question and we will need to wait till 5pm on Tuesday to find out.

Goldilocks inflation number I'm guessing, inflation, but now sees US interest rates starting to settle down into next year, gold should do well today.

Not at these levels, if they are managing this to spring at 15/16p offer on us on Tuesday, they can get shot, with gold showing signs of life and this company transforming over the next 12 months the only thing that should get BoD approval is an offer you can't refuse.

My money is still on no offer btw, but what do I know...

If the bond market signals recession and yields fall while inflation signals entrenchment you could be in for fireworks in the AU Markets, it’s all been said before of course, false dawns aplenty by the stale old gold and PM bulls like myself, but one day it comes to fruition IMO.

Somewhere in the region of £1.2 / £1.3m of his own cash? An interesting development.

All of these challenges will be a cake walk in comparison to when the day comes when the dollar and post ww2 Bretton woods system itself is challenged by competing systems that will come out of the East, these will be hard asset based and a fiat dollar and 60% of all transactions will be upended.

I know it's coming, but I don't even really know what it looks like myself

NFPs as expected, a little on the higher side, commodities, energy, gold and silver are actually rocketing on the news…

US CPI will almost certainly beat the current market expectations next week, energy and oil have risen in the last reporting period, so expect a bump.

What Powell and Co. do as a result? Because I doubt anything they do will alter inflation in any meaningful way in the midst of what is an energy supply crunch and a record amount of ‘boomers’ leaving the US workforce and not being replaced and causing a wage price spiral.

Something will topple eventually, and that’s why we are all in Gold.

https://twitter.com/lisaabramowicz1/status/1588111927846354944?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

When there is an eventual decoupling, you'd better own some silver and gold, I mean own it, not have a bit if paper.

All the physical gold is going east, because when they have enough, they'll decouple from the greenback, and god only knows what out financial system will look like at that time.

Despite the price (based on comex garbage) gold and buying of gold has never been as popular.

No. And didn't post that I did.

Buy everything!

Powell is an out and out dove, our generations Chair Burns, get ready for hyperinflation.

Agree, they'll be no bids coming, it's a good company this, great potential, but this now looks like it stinks, rightly or wrongly because all people will see is a pump to allow his dad out.

Good update on NLGM, Yuri is working in expanding the life of mine there substantially, probably drowned out by the fact one of our Chinese suitors won't be putting in a bid, who knows what's going on behind the scenes here, was it real, was it a bud to get them off our backs for 6 months, answers on a postcard please.