Member Info for G_G_G

Do you know roughly when in November Vernet? Hopefully not the end of November as it may be impacting when they release the Q3 ops results.

Thanks for those numbers Shareminator. To summarize some of your numbers between Q4 2023 (forecast) and Q1 2023 (actual). In Q4 if we make some reasonable assumptions of Au @ $1930 and 27.5k oz production:

- We'll be producing +50% oz v Q1 2023 (+27.5k v 15k)

- Revenue will be 72% higher ($53m) versus Q1 2023 ($30.7m), amounting to +$22.3m increase.

- Net cash of $6m (low end estimate), amounting to +$25m cash turnaround from Q1 2023 position ($19.6m net debt)

So given we were 13p in Q1 2023, what is fair value now based on past sp performance? Also need to consider that we'll have proven up significantly more oz across all three tenements for the Reserves report in February.

My wishes for 2024 are:

- $25m set aside for significant additional exploration

- Target 10 years of mining reserves at Singida and NL by year end, plus fully test the Sing 'super-pit' theory

- Mining license awarded for WK. Exploration target +3m oz resources and 1m oz reserves

- Expand production with second ball mill (+25k oz in 2025)

*Joker in pack is $30m in VAT receivables, ideally offset against tax payments in 2025

The above in 2024 are all easily achieved providing we don't have a mine blow-up and Au stays above $1800. And if these things happen we're looking at an easy 2-3x especially if Sing reserves start to really grow. As said many times before, it's for these reasons why we'll be taken out by a major operating in Africa in the next 12 months. By 2025 we'll be sitting on a massive amount of reserves and resources, have 10 years of operating mine life @ 2 mines, producing 130k oz per year @ low AISC, net cash (low end est $25m), and have a third build ready mine in WK that is probably going to be the best new prospect on the entire continent. And that doesn't account for $30m in VAT receivables. Crazy investment thesis here. I'm seriously considering going 'all in' here. GLA

Jammin, the dividend simply increases the probability of people making a buying decision, and lowers the probability of people making a selling decision before ex-divi date. We'll see on Thursday just how much it impacts anything. You also have to take into account that PIs who are already invested and don't need the money are likely to buy more shares at payment date. This happens on other stocks I own that have great fundamentals. Either way I'll take the 1% yield (for my 10p average) quite happily. GLA

Interim Dividend ex-divi is Thursday. So tomorrow is the last day to buy-in. Not the biggest divi but better than a poke in the eye.

Following consideration of the Company's financial condition and outlook, the Board has declared an interim dividend of 0.10 pence per share (H1 2022: 0.10 pence) expected to be paid on 27 November 2023. This interim dividend, which will be paid gross, is expected to align with the following proposed timetable:

Ex-div date: 2 November 2023

Record date: 3 November 2023

Payment date: 27 November 2023

Certainly hope so on Sing viable.

I think 3m oz is in the bag for WK, but I don't think serious value will be realized until we get the mining license. Probably 1 or 2 pennies whilst they continue to prove up the reserves, but the license is when we'll get the 4-5p jump.

Singida however is the joker in the pack. Even if it's not all one major resource but they prove up another 500k oz then we're going to start flying. Because this will unlock the second ball mill, which in turn will add 30k low cost oz within 12 months. In other words we could be mining 140k oz from 2025 onwards. But if it appears as though we have one giant resource then I think we could see £250-300m mcap quite quickly. The lemmings will start running in this direction from HUM, SOLG etc and we'll be 2.5x current sp. And that's without the extra 30k oz or WK license containing 3m oz. Huge, huge upside with high probability on everything except the Sing super-pit.

Oh and there's the $30m VAT receivables from the Tanz government to include. If Sing looks like its going to expand then I think they'll be more likely to allow us to pay this off via tax offsets as we'll be throwing off circa $100m net earnings @ 140k oz and Au @ $1900 form 2025 onwards. But again, I doubt this will be applying to us in 12months as I don't think we'll exist. A t/o offer 25p in the next 6 months will see to that. AIMHO GLA

dave, you seem to forget that we go ex-divi this week and we have the wk drilling rns being worked up (as per eric's recent interview), so i wouldn't expect us to drop back to the 10's before-hand. having said that there's some f@cking stupid pis out there so who knows.

either way i've still got money spare should we drop back into the 10's. i don't mind if this ends up at 75% of my portfolio. even with au dropping back to the 1800's we're still a money printing machine and have drilling coming out our @sses. and we're going to get a t/o approach sometime in the next 12 months. it's all but guaranteed. my guess is it will either happen after this round of drilling results, or the mining license being awarded @ wk. all going well we'll have a build ready third mine with a **** ton of high grade (low cost) ounces to go alongside another 7-10 years of proven oz's in sing and nl. there's also the likely option they take the jv route. and if sing looks to be anything like a super-pit type resource then all bets are off. it will mean they sanction the second ball mill to begin with and in 12 months we'll have started producing 135k oz per annum. and we'd still have $20-30m in cash after spending another $25m in exploration, which would all but finish the drilling across all three tenements for the next 5 years. this also doesn't take into account the $30m in vat receivables that should have been ruled on in this time-frame.

given the above, and providing au averages $1800 in 2024, i see shg as a guaranteed 2x. if au averages $2000 in 2024 this is a 2.5x. and if we get a t/o in say 6 months time i expect it to be a 3x from this level. and all of this isn't talking b@llocks like they do over on the hum board. we have proven resources, 2 x mines operating at established production and aisc levels, and potentially world-class exploration upside across three tenements. hum will struggle to survive if au averages $1800 next year given yan will be close to loss making and kour is still a big question mark. plus they have something like $60-70m in debt to pay next year alone. and will have zero cash for exploration for 2-3 years. but pis will chase their dreams and that's fine as it means companies like shg will sit under the radar for a bit longer so we can accumulate. aimho gla

so excited by this one and happy to stay til then inevitable t/o offer lands. keep selling for your 5-10% whoever you are :)

Agreed HarChris. This will continue to rise over the next 12 weeks given we'll have:

- Drilling across 3 tenements, where two of them have operating mines, and two of them have potential to be world-class resources.

- Update on ceo position, which must surely be filled in this time.

- Q4 results, which if Au stays above $1900 is sure to have some stellar numbers. There will also be confirmation we are net debt free, 2024 exploration plans, and most probably an announcement of some kind on special divi and / or buy-backs.

That's all over the next 12 weeks. And this week we go ex-divi. Not too bad, especially on the guaranteed news front. GLA

Reads like a post of someone who just got owned Tony. Best to stay in your lane eh.

Down to the 11's. Now let's all sit around and tell everyone how the market has gotten it wrong and mgt are doing everything they can to fix the value disconnect.

As I said Stas I've been selling down for a while because of the very reasons I've mentioned on this board. And you do know that boards are for open discussion and debate meaning you can be negative on mgt and decisions being made right? Or are you one of these types who think boards should be an echo chamber for happy clappy h@lfwits only...? If so perhaps you and Tony can go find a chamber and play together there. I know some other joke posters have their little 'X' groups where they all mutually m@sturbate over their investments. Not really for me 'pal'. Go get a wristy elsewhere.

Hardly worked up Stas - I'm not losing anywhere near as much money here now. That's your problem, which is perhaps why you kicked out like a little football playing p@nce. And who writes 'hehe', you really do sound like a little b!tch.

Oh now the guy who was mentioning EMO comes in to share his thoughts. And what was that O&G company you were mentioning in Sth America? Makes no difference if Doc Jones was talking about it if you want to bring up 'rules'. I just shared a This Is Money article - does that make it ok in your world Tony? I also don't recall being the board police on EMO or any other stocks you mentioned on this board. In fact, if the argument is sensible and backed up by fundamentals then I'll normally go and take a look, just as I did with those companies based on your recommendation. Reckon you don't have a leg to stand on here.

Not enough volume to really push this higher. We need +10m day(s) followed by a series of +5m days to get us really moving.

Lots of penny flippers here today. Somewhat annoying but I suppose it's to be expected. Drop £10k here and you're going to get £500-£1k profit quite easily.

Hopefully we'll get some smashing WK results in the coming days and we can push into the 12's. From there it's all drilling results until we see the Q4 figures, which will no doubt be strong with Au averaging circa $1925 for October already. Ceo news will also help. Certainly a lot to look forward to receiving in the next 12 weeks, especially if the Singida 'super-pit' starts to take shape alongside WK, which we already know is a significant resource and has potential to be world-class. Even if one of these comes in as world-class over the next 12 months it should take us close to 20p. It will also put us on the radars of African operating majors.

Regarding fundamentals, if one imagines that the gold price stays at an average of $1900 for 2024 then SHG will have a net cash position of +$50m when allowing for $25m in drilling. That's an extraordinary amount of drilling btw. It would prove up +1.5m oz across our three tenements and add at least 5 years of mining to our 2 operations. WK would most probably be a +3m oz resource as well. And any would be purchaser would still have $50m cash on the books. In other words it's an easy 2x if Au stays above $1900. And if WK or Singida start looking like world-class assets then I'd say 3x. Wonderful prospects. AIMHO GLA

You being sarcastic Pete? I reckon we're going to be pleasantly surprised by the Q3 update. Commodity prices will have seen to that. Question is what they've been doing with drilling. I also wonder if they've waited until the latest Nth Sea round to update the market re Tain. Either way it's going to be interesting to see the results. I'm not expecting us to break 15p unless they up the dividend. And I don't see that happening until end December, if at all. But we may bounce up to 14p again. And if we do I'll be dropping another 500k providing SHG is still near 11p. I've got a guaranteed 50-100% there in the next 12 months. Here I have far less confidence of it happening unless a bid lands, which is why I'll keep at least 1.5m shares. I also think there's a much higher probability of a bid landing for SHG in the near future, which will be at least 100% upside.

to be honest i was expecting a bigger jump. crazy how many people would rather play the aim casino versus investing in a brilliantly run company throwing off ****loads of cash that is so under-valued on every metric that matters, namely the financials. fine by me. if i can get 14p from i3e's upcoming results then i'll buy my last 500k here providing we're still in the 10's or very low 11's. the market, in particular the average pi, can be so stupid at times. won't be long until we're 13-15p. and i have no doubt that we'll have a t/o approach in the next 12 months providing pog is above $1900, which appears to be very likely. in fact this is the only time i've felt pog could realistically go on one of its 50-100% runs since the pandemic and great recession. and it won't be geo-political driving it unless there's wwiii. the debt crisis has become the stuff of fantasy and its only a matter of time before it starts catching up with developed countries. aimho gla

wti bull does make a good point though tony. and it's not as if mgt haven't played this trick before. i'm down to 2m shares here now and starting to genuinely not give a **** about the company. i hope i get my 16p in the near future and can get the f@ck out of this serial under-performer. even better if a hostile bid lands and puts us all out of our misery. i certainly won't be surprised if wti is proven correct.

on the flip side the 4.5m shares i've been building in shg from selling down i3e & asos just got tipped in this is money. expecting to see double digits tomorrow. the last time i felt this confident on an investment was when i loaded up on i3e at 5-6p. same story on this one, except a lot less shares in issue and zero net debt. on an ev:ebitda basis it's an even bigger money printing machine than i3e, without the baggage. and unlike i3e the mgt team actually do get out there and push their company. not the best divi but goes ex this week and £4.5k ain't to bad. if it's still in the 10's tomorrow i'll be selling down some more i3e. sorry folks but this one is even more crazily under-valued than i3e believe it or not. gla

https://www.thisismoney.co.uk/money/investing/article-12682817/midas-share-tips-update-miner-shanta-golds-prospects-start-shine.html

Right board. Just closing out a few arguments. And helping some PIs to make money.

Https://www.thisismoney.co.uk/money/investing/article-12682817/MIDAS-SHARE-TIPS-UPDATE-Miner-Shanta-Golds-prospects-start-shine.html

Reckon there's still some time to get in if your head isn't buried in the sand here. All those not believing me on the reason why SHG's sp had been hit hard can now read in a major publication why it's taken some time for it to get moving again. The whole reason why I have sunk close to £500k in SHG is because Odey - SHGs biggest shareholder at the time - had to dump its position. I made a lot of money from small caps back when Woodford had to do the same thing. The sp was over 13p before major investors started to decrease due to Odey's predicament. There's your reasoning and why anyone who knows anything about how the market operates should have seen this coming. This will be the start of the re-rate in SHG. It's net debt free, making $20m EBITDA a quarter, is about to start releasing exploration results from their 3 tenements (2 of which have LOW COST OPERATING mines), and is about to go ex-divi this week.

If gold stays at this level for 2024 then SHG will have generated $100m EBITDA by year end, which will all go to the bottom line due to having ZERO net debt. And it will have proven up at least another 1.5m oz reserves. But the simplest way to look at SHG is it won't be operating under this name in 12 months. It was approached by 3 separate parties 12 months ago when the second mine wasn't up and running, let alone at higher production and lower AISC than originally forecast. Yep you read that right, higher production and lower AISC on their second NEW mine!!! It most certainly won't exist in 12 months with 110k oz production, $100m in the bank and an extra 1.5m oz booked.

Good luck playing the casino if you stay invested here. For those of you who care about fundamentals, and mgt track record then you're welcome. Oh and save embarrassing yourself if you think fundamentals refer to unproven production and AISC quoted by the trust fund baby Betts. Take a look at his track record on Yan and you'll see just how unlikely those numbers happen to be. Take a look at SHG's EV:EBITDA and it will tell you everything you need to know. Best of luck if you risk it here, you're going to need it. AIMHO

I think this is going to jump 10% tomorrow. If the recent results and gold breaking $2k isn't enough, then this article will certainly do it. I've had This is Money do a rec. or article on other shares and it has resulted in a double digit bump each time. I'll be buying first thing tomorrow. I've got £7k in i3e divis paid on Friday to reinvest and can't think of a better place to sink more cash. Will leave me with 4.5m shares @ 10P average :)))

Cannot see a better investment based on fundamentals on the entire lse at the moment. And given the way the world is going, alongside debt levels ballooning, AU is going to stay very high and possibly continue upwards. Keep in mind we go ex-divi next week. And they were preparing an rns on WK last week (source Eric's recent interview). Reckon we could get back to 13p in the next few weeks if WK results are strong. All very exciting. GLA