Member Info for G_G_G

Pedro that's just plain dumb. You sold rather than taking 13.5p at the very worst? And you're selling to the same greasy c@nts who have made the offer. I've also looked into SRB and it's nowhere near as good as SHG on just about every metric.

This is without doubt one of the most disgusting and obviously corrupt things I've ever seen on Aim. I'm sitting here wondering if it's even happening, and whether I'm having some sort of f@cked up dream...

How in f@ck's sake is any gold company that's debt free, throwing off $80-90m EBITDA @ $2k gold, with millions of defined oz's let alone the millions more still to be added, VALUED AT £142m!!! And the fact we still haven't received any assays on the highest grade +1m oz mine in Africa, and potentially a super-pit resource in Sing...? How in god's name did we knock back offers just 1 year ago for being too low when our sp was higher than this offer? That's without a second low cost mine (running better than forecast)??? And we've also invested how much more money since then??? This cannot be real. It's one of the worst examples of obvious corruption that I've encountered on a UK listed company.

And the article mentioning 'struggling Shanta' - Wtf???!!! This is after all the other articles mentioning Shanta is flying...? Alongside Gold flying!!!

I note Saturn is a Tan based group - Have the Tanz government basically said you take the offer or we're going to take the lot off you...?

I've got 5m shares and I'M VOTING AGAINST. I suggest everyone here makes a phone call to the Nomad and writes emails that are as derogatory as this offer. Disgusted beyond words.

Well that's me completely loaded up. Just picked up my last 50k and 80k buys and now the proud holder of 5m shares. I haven't worked out my average but suspect it has been pushed up to around 10.2p. Haven't been this happy about an investment position I've taken in some time. Happy to sit back and do nothing unless my other Aim stock i3e goes on a run. If it gets back above 12p then I'll dump my remaining shares and put my entire small cap portfolio in here. Simply cannot lose here in the short or long term. Looking for 20p in 12 months, or a t/o offer above 25p in the same time frame. Hopefully the latter GLA

I keep wondering whether the new CEO appointment has more to do with a possible t/o bid in the works. You wouldn't want to leave your current employer to then be out of a job a few months later. Perhaps just wishful thinking but if I were a candidate I'd certainly be thinking about the probability of a t/o landing and position myself in a way that a pay-out would be substantial if it were to occur.

Some simple maths shows on a EV:EBITDA multiple of 4 any would be acquirer would need to bid 25-26p now to be successful (providing Au averages $2k). But with every quarter that goes by our net cash position improves and means another 1p needs to be added to maintain that multiple so at the end of next year you're looking at 30p. This of course doesn't take into account any major drilling results, VAT receivables, additional licenses (WK ML or additional Tanz tenement), or AU continuing to climb above $2k. Absolute bargain at the moment and there's absolutely no way a major isn't running the rule over us now. AIMHO GLA

Bit disappointing that we haven't received any exploration updates yet. Happy for multiple updates to land in January prior to our best ever quarterly revenue. Only another 5 weeks before we get the quarterly results and confirmation of a net cash position. Hopefully Au sitting above $2050 to ensure a lot of eyes are on the sector. With all these news items I'm expecting 15p at the end of January (+20%). And considering that every quarter we're adding +1p in cash with Au @ $2k, it's not going to be long before we're knocking on 20p. Easily the best goldie on Aim at the moment imo (but happy to hear about others that posters feel are contenders).

Agree kkkrrr on the t/o point. We'll eventually get to 20p over the next 12 months if Au stays above $2k. We could get there much earlier if Singida starts to look more like a super-pit, or we pick up the ML at WK in quicker time. But a t/o will get us to 25p instantly. No more fretting over the share price, gold price, production numbers, AISC etc. Just one big payday. And the way Au is looking for the next couple of years that sort of price would be an absolute bargain for the buyer. My bet is on Barrick as predator but I wouldn't rule out the Chinese coming back again.

I added more today at 12.35p and 12.37p, Almost at 5m shares now. Once I get to this point I'll stop buying. Fwiw my last attempted buys were coming in at 12.47p so I believe this is the next stop for today. Hoping to get my last 200k a little lower so wouldn't mind a down day for Au on Monday to give me one last chance to snap up some shares closer to 12p. GLA

Agree fellas. In 12 months with gold staying above $2k (almost guaranteed imo) then we should be sitting around 20p. At this gold price I expect that we'll have expanded Singida by 30k oz for 2025 (for $10m), and have added another 500k oz reserves (@ $25m for 2024 exploration budget). From this we'll have $30-35m in cash remaining (2-3p value). Then you have VAT receivables (worth 2.5p), WK mining license (huge event), Singida super-pit possibility, and the nearby license to NL decision. For us not to be at 20p in 12 months when about to become a 140k oz producer with a third fully licensed Tier 1 asset in WK is almost inconceivable. And for every $100 increase in the gold price you can add $10m (.85p) in cash to our accounts.

Take over offer landing tomorrow will need to be at least 20p to be considered. In 6 months 25p. And in 12 months 30p. I still believe we won't exist in 6 months. The value here is crazy for a mid-sized or major player with operations in Africa. Like Publican I'm hoping we're still below 15p in April so I can shift another £40k into our ISAs before the fireworks begin. GLA

We need some exciting exploration results and associated PR to get us on investor radars. I think the Au price and Q4 results should then be able to do the rest. Still unbelievable that we're priced in the 11's with Au above $2k.

tony, i know it's important for you to get likes but if you want to go down that road you should probably look at the number of them whenever i'm toying with you - it would appear quite a few posters here also believe you're a ****.

i also know it's hard for you (and stas it would appear) to get your head around the fact that some of us don't want to join your mgt fan boy club, especially when the sp is continually going backwards. as i've said before you can keep your head up majid's @ss, just don't expect me to do the same. it's why i managed to reduce when i did, and if i were listening to you then i'd be stuck with 4.75m shares that are now worth far less than a short while ago. i was even going to reduce further in the 12-13p range but stupidly thought mgt would get out there and beat the drum over the q3 results rather than doing nothing except dropping a bucket of sick on the sp with some bonus options. as for broker reports, well that's what they get paid to do now isn't it. i admit the last few have been far more than usual, but i suspect it's mgt panicking about the sp spiral and 'too little too late' for them to arrest the decline.

as for comparing against the sp depreciation of other companies, why the f@ck would i do that if i'm only concerned with what matters most - financial multiples and value disconnect versus peers. you're still trying to make excuses for the sp malaise rather than examining why there's been a significant disconnect with us versus our peers for sometime. if that disconnect were to close we should be sitting closer to 15p, which is close to 60% higher than where we currently sit @ 9.3p!!!

Surely we're getting close to some exploration news. I haven't been here long enough to know the company's track record on hitting their exploration timelines over the past couple of years - does anyone have a pov on this? I do know that most miners are normally late on these things but hoping that SHG aren't one of those companies that say things the market wants to hear then not deliver.

If they're on time then we have quite a few updates in the next 7 weeks (allowing for Xmas) - 3 x exploration plus some spectacular Q4 operational results. With Au staying above $2k I'm expecting the sp to be sitting between 13.5-15p by the end of January. GLA

stas i have no idea what the f@ck you were on about a couple of days ago. you should give your head a rest when trying to work out why i'm slating mgt because the simple answer is i'm still holding a significant amount of shares (2m currently), and i'm f@cked off with the fact they have never put any effort into promoting the company. and i don't believe saying such things has any impact on the sp.

the fundamentals here are sound, it's just that not enough investors know anything about the company. and mgt falsely believe the market will discover the company as a sound investment when a lot of the column inches over the years have been negative news. look at recently where they delivered a solid set of quarterly results and didn't even do any interviews. and the next piece of news is some low priced options, before the overdue capital reduction announcement. it's like they've completely given up caring about investor sentiment.

as for trading, i've covered this so many times and it just goes to show how ignorant you are about such things to even think this stock is something that could be traded. it's moving toward being a penny stock on a £100m mcap with little to no liquidity. not the easiest thing to trade now is it.

the company is sound but mgt are **** at realising value. this statement is backed up by our sp and the fact we're under-valued against peer averages on all key financial multiples. given these things i don't believe we'll see any step change in the sp if we're to make an acquisition. it will be more boepd, but more dilution and debt. and if there's a significant amount of dilution the sp could end up even lower for far longer. so given the market doesn't know us (or trust us), i don't expect we're suddenly going to re-rate to peer multiples. the only way to realise value is to put up the for sale sign for a bidder to come along and pay a reasonable multiple for the assets given our mgt team have proven they won't get us there. in the meantime they should use some of the debt to drive oil weighted production and retain the current dividend (because cutting it will be disastrous for the sp).

bottomsup, nope still holding 2m shares. and i think you'll find i was telling the board that i was selling when i was doing it from the high teens to the low teens. as i've said previously i'm more of a buyer at these prices than seller. and because i sold at higher prices and shifted my money to shg i can now buy back 8m shares here, rather than 4.75m if i decided to sit and do nothing. don't worry i'll let you know if i buy back.

in the meantime we all get to play the 'how low can we go' game. gla

i wonder how much it cost to have our mgt team present at this joke investor meeting to a few old timers thinking of investing their pension money in i3e or one of the other no name companies on the roster. and what did they present? same old ****, in the same way. we're struggling to hold 10p (£120m mcap) with 21k boepd production, 200m boe 2p reserves, and usd$90m noi. what a bad joke this company has become.

the don't look that appealing canuck. i suppose it depends on the price but it's not much production, not much oil, and not much reserves. i'd rather they protect the dividend and drill our own oil rich wells. i'd love for them to put up the for sale sign like sinpoec even more. they can save on the wine and cheese night in mayfair where a few bored people turn up to listen to the same **** they could have seen in an interview a year ago. if we want value then an asset sale needs to be done imo. there's a lot of cash rich o&g companies so it makes it harder for us to be a buyer, and much easier to be a seller. i think a mid sized company could take us out with a bid in the low 20's. and given our sp performance over the past year and current outlook i'd say that's a decent deal for everyone.

There's also of course the upcoming OPEC meeting tomorrow. Hopefully an extension of Saudi cuts plus a bit more is going to be announced. Market seems to think it's going to happen.

Let's hope so Pete. I must admit the thought had occurred to me that mgt are using the wine and cheese night to announce something. It could be a few people positioning themselves on the expectation that tomorrow will yield something of value. It would certainly be better than fronting up to investors with a sp of 10p and their d!cks in their hands :)

Let's hope there's some type of announcement of importance, or just some kind of idea of how they intend to realize value moving forward rather than the usual 'we believe the market is undervaluing us', then doing nothing to change that disconnect. Sadly given our mgt history to date I have a feeling the latter is going to happen. GLA

Incredible how Au is still holding these levels. I thought holding above $2000 would be a strong sign before the Feb 01st Fed meet when I expect some statement about pulling back on interest rates to occur. Given we're comfortably above this level I'm not sure where we could end up if sitting at $2050 when the statement is finally made. Some projections have Au hitting $2500 next year, which is entirely reasonable given what happened post 2008. If that happens we'd be throwing off our mcap in EBITDA every 12 months. Add another 30k oz production for 2025 and you'd need the sp to be 30p to maintain an EV:EBITDA multiple of 2. Crazy numbers pop up when you do these things. Even if Au were to average $2100 for 2024/25, in order to maintain an EV:EBITDA of 2 on 140k oz production the sp would need to be 24p. And that multiple of 2 is half what most African producers average.

You start to see why a t/o offer of 25p is what would be needed tomorrow to have a chance of being accepted. But if Au stays around these levels then one will need to add 5p every 6 months for a bid to be successful. I'm hoping any would be predator drags their feet a little over the next 6-12 months and then drops in with 30p. Au pushing toward $2500 and that's a very reasonable expectation. GLA

Rock solid day of volume as well. That's 3 of the 5 biggest volume days over the past 3 months. The market is always slow to catch-up on commodity price moves and then all of a sudden investors start to scramble. If Au continues to stay at these levels, or climb higher over the next 3 months then I think we're going to be knocking on 20p very quickly. We just need a good company led catalyst to get some headlines alongside the gold price strength. Xmas looks to be coming early folks. GLA

Anyone wanting to see what this hare can do with a fair wind behind it should check the chart from April to October 2020. Over this 6 month period the share price went from 9p to 20p. The Au price over this period was less than what we have now, but we didn't have a second mine with a production run-rate of 110k oz, net cash position, or anywhere near the same amount of defined resources (and still rapidly growing). We should be higher than 20p at the moment. It's only a matter of time before we breach it, and a short period of time at that. GLA

Haha ArK, I think the sp will need to move by quite a bit for that to happen. And to be honest I'll be getting out if we should reach the heady heights of 13p again. It's far too frustrating for my money to be tied up in a company where Tony does a better job at promoting it than our mgt team who are getting paid +£500k salaries not to mention their LTIPs and Bonus pools at rock bottom exercise prices. We're on an EV:NOI multiple of less than 2 now. That's 2!!!

I made a statement some time ago that all bonuses should be attached to hitting sp targets when criticizing mgt for their lack of effort in promoting the company, and love of dilution via acquisitions and options. The whole point was to align them with the majority of shareholders when making decisions, and giving them a reason to get of their @sses and do some PR. You can guess who disagreed, but I still believe this would be far more effective at keeping them on top of this part of their job. The recent LTIP and bonus pools went down like a wet f@rt. Why they decided to jump in with this rns when the sp was already very low, and not wait for other good news to land is beyond me. But then again it works in their interest for the sp to be lower when doling out options. Had they done the rounds of interviews before updating on the capital reduction the sp could well have been 13p, which is quite a bit higher than the price they get to execute.

I have no problem with the sp dropping in line with commodity prices. I do however have a problem with our financial multiples being far worse than the average Canadian O&G company.

Now clearly sliding into the 9's. If we get back down to 9.5p then I'll probably start adding again. There has to be a limit to how ridiculous the valuation can get here. Mgt should be hanging their heads in shame at the sp.

F@ck me Au is going on a tear.

Nice to see some dividend reinvestment happening the past two days. I imagine we may have a little more tomorrow. If ever there's a time to drop some stellar exploration results then it's this week or early next week. If their timings are correct we've got 2 x sets of results (WK & NL) due in the next 4 weeks. And in the following 4 weeks we have the Sing exploration results, 2024 plans / targets, and some smashing Q4 results. I'm going with 14-15p by the end of January with gold staying above $2k and some decent assays. GLA