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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.
Being a leader in mining sector, junior mining sector at that and in Africa, is more art than science IMO, these are multi-decade relationships that can’t be rushed., the same goes for the investment and any payback here.
They are dead right to procrastinate and ensure they end up with the right CEO, however long that may take, however, judging from his response, to me it sounds like they have their favourite looked out, so probably won’t be long anyway.
This is now a formidable company in the making with lots of spinning plates, with a Singida extension you could be looking at a 130 / 140k ounce producer a year and a 100% interest in a multi-million ounce beast of an early stage Geita Gold Mine with a mining licence by the end of 2024.
We need the Macro investment conditions to turn before we truly see a return on our investment IMO (unless massive farm-in in WK / takeover), but when it does we should be in multi-bagger territory IMO.
The CBO's and US Fed's economic predictions for both deficits and interest rates, respectively means the dollar is done, given time, game over, when debt rolls over for 3 to 5 years, while US government debt appapproaches US$50T at 4/5%, its curtains.
One day, something will trigger the mushroom cloud.
Up in 30 minutes.
@15.33
Yes, the Micro and Macro must align, and if / and or when it does, it could be spectacular as the funds drain out of the 100 PE dross into real assets again. It will surely happen, just when is the unanswerable.
Worth remembering we are in a very unpopular space, mining, Juniors, PMs, even a small reallocation into this space from big funds would see a spectacular rise IMO.
That'll be (rightly) left to the incoming CEO and new NEDs.
AIM is a dog with ever diminishing credibility, interest and liquidity.
As I've said before, if this is listed on TSX for example, this is a circa USD$400/500m CAPEX IMO, Buckreef Mining, a shadow of us operationally shows that, it's almost got the same CAPEX as SHG.
Just noticed the 'CEO succession' part of the announcement, interviewing the short listed candidates at an advanced stage.