The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
simple example in ECO on Joe's discovery day, I have topped up couple thousand shares at 192 where sp was as I thought and looking at trades bouncing off..what I didn't know because obviously it wasn't printed on L2 time&sales is in first 30min someone was dumping >£1m worth of shares..obviously those were printed after closing, would I repeat my trade knowing the real scale of sell off in first cpl minutes?..
problem with SEAQ listed stocks is massive MMs manipulation in regards to delayed trades and what is happening behind the scenes..you have felt it in I3E don't you Phoebus? Day before news and sp collapse everyone was claiming that someone is loading shares with massive trades ABOVE not only bid but ASK as far as I remember and it turns out Lombard was dumping..
in SETS and main market listed shares where order book is clearly visible it's much easier to anticipate the next move, hoping that soon or later ECO will be listed on SETS/SETSqx as on AIM literally everyone starting from P&D crews, MMs ending on II and brokers want to **** you over
Gil Holzman from ECO just confirmed it will be at least 3-4 wells to be drilled in 2020 in Orinduik block
https://www.youtube.com/watch?v=wD59hmyzh8g
GIL :
1."this block is considered as one of the top 5 exploration block offshore sites in the world now"
2. at least 2BBo in Tertiary & at least 2BBo in Cretaceous
3. oil already discovered/reserves in Jethro/Joe @8$/barrel in ground worth at least $450m
Martket:
£280m mcap
seriously laughable how market underestimates and undervalue Orinduik discoveries
therefore ultimate question for BOD is whether position ECO for massive short term gain(selling Orinduik interest) and move on to Namibia with deep pockets or even greater profits in long term(20-25 years?) and becoming producer..but this might come at cost i.e dillution for shareholders, very interesting what will be the outcome here
definitely BOD have lead company to a cozy&warm place to be in during potential upcoming global recession and brent prices fluctuating like yoyo
seems that "sell on news" brigade is done
Thu, 19th Sep 2019 07:00
RNS Number : 8752M
Trans-Siberian Gold PLC
19 September 2019
19 September 2019
Trans-Siberian Gold plc
("TSG" or the "Company")
Interim Results for the six months ended 30 June 2019
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces its unaudited interim results for the period ended 30 June 2019.
Financial Highlights
· Record H1 revenue generation of $30 million, up 8.7% YoY (H1 2018: $27.6 million)
· Profit before tax $8.5 million, up 169.7% YoY (H1 2018: $3.2 million)
· EBITDA $14.4 million, up 62.2% YoY (H1 2018: $8.9 million)
· $5.6 million special interim dividend of $0.051 per share declared and paid during the period
· Completed 20.8% share buyback, increasing free float to 24.3%
· Interim dividend of $2.0 million resulting in payment of $0.023 per share (H1 2018: $0.009 per share)
Operational Highlights
· Gold dore production increased to 21,889 oz, up 26.1% YoY (H1 2018: 17,361 oz.)
· Refined gold production increased to 23,155 oz, up 11.9% YoY (H1 2018: 20,698 oz.)
· Average gold grades 38.7% higher YoY at 8.6g/t (H1 2018: 6.2g/t)
· Average selling price for gold remains flat at $1,312/oz. (H1 2018: $1,324/oz.)
· Reduced Total Cash Cost per oz. gold by 24.6% to $672/oz (H1 2018: $891/oz)
· Reduced AISC per oz. gold by 38.0% to $850/oz (H1 2018: $1,370/oz.)
· Enhanced asset base with acquisition of development and exploration licence for Rodnikova deposit
· Strengthened Senior Management with appointments of new Chief Financial Officer and Mine Manager
· On track to achieve annual production guidance of 40,000 - 44,000 oz.
Alexander Dorogov, CEO of TSG, commented:
"We are proud to once again report record revenues of $30 million for the first six months of the year, reflecting superior operational performance.
We have seen some exciting accomplishments over the period, including the addition of two highly experienced individuals to our Senior Management team, the acquisition of the licence for the high-calibre Rodnikova deposit, one of the largest gold fields in South Kamchatka, and the completion of a $7.6 million share buyback.
I would also like to highlight that we are now mining at consistently higher grades (averaging 8.6g/t) and look to drive further the initiatives for improvements in our operational efficiency.
With the issuance of our seventh consecutive dividend, I am very pleased to be confirming our commitment to continued shareholder returns, and we look forward to the remainder of the year with optimism."
@JH77
Page 25 on Tullow's presentation, link was posted below
TLW has 37.5% in Kanuku Block where Carapa along with >10 Cretaceous prospects is located, ECO's major prospects incl Rappu, Tuktuk, Drios, Amaila,Kumaka,Mako,Iatuk and more are located hence Carapa drill in Sept 2019 targeting >200mbls will have a massive impack on derisking entire Upper Cretaceous play and Orinduik block...not to mention that Exxon's Liza field is located in U. Cretaceous
Date: Wednesday 18th September 2019
Location: Berenberg Offices, 60 Threadneedle Street, London EC2R 8HP
Gil Holzman & Peter Nicol will be representing ECO along with Tullow team,
Invitation&Registration
https://www.berenberg.de/en/news/berenberg-energy-conference-the-resurgence-of-the-offshore-5152.html
anyone attending?
Great results :)
· Continued improvement in H1 2019 total production expressed as gold equivalent ounces ("GEOs") with a seven per cent. year-on-year ("y-o-y") increase to 39,905 GEOs (H1 2018: 37,349 GEOs):
o Gold production totalled 34,349 ounces (H1 2018: 33,255 ounces)
o Copper production of 963 tonnes (H1 2018: 587 tonnes)
o Silver production totalled 84,586 ounces (H1 2018: 84,785 ounces)
· Gold bullion sales in H1 2019 of 26,588 ounces (H1 2018: 25,778 ounces) completed at the same average price of $1,319 per ounce as H1 2018
· All-in sustaining cost of gold production of $603 per ounce (H1 2018: $543 per ounce)
· Total production target for FY 2019 maintained at between 82,000 and 86,000 GEOs when calculated using metal prices at 1 January 2019
· Growth strategy remains on track with successful H1 2019 results from the geological exploration programme announced on 8 August 2019, continuing to confirm significant upside potential:
o Significant progress on ZTEM targets at Gedabek
o Mineralisation at depth confirmed in an area below an existing adit of the Gosha underground mine
o Very promising drill programme results at Ordubad
Financials
· Interim dividend of US cents 3.50 per ordinary share declared reflecting the strong cash position and low level of debt
· Cash of $20.4 million and debt of $5.2 million equaling net cash of $15.2 million at 30 June 2019 (31 December 2018: net cash of $6.1 million)
· Total revenues in H1 2019 of $43.3 million representing an eight per cent. y-o-y increase on the previous year (H1 2018: $40.0 million)
· Profit before taxation in H1 2019 of $10.3 million (H1 2018: $8.1 million)
· Net cash flow from operating activities in H1 2019 of $14.5 million, $10.0 million lower than H1 2018 due to income tax paid of $5.2 million and an increase in inventories of $4.7 million:
o Increase in inventories included increased gold in circuit due to expanding ROM heap leaching
-23% from recent ATH(210p), on a daily chart price bounced off a bit from key support zone of 162p, which previously acted as support and resistance on 5 different ocassions, then major fibs retracement level of 50% at 160p(post Jethro rise), if that won't hold then into the abyss ;)