Member Info for Magoo79

Looks like we have abandoned the low SP levels reached last week and we started moving up quite quickly. Even if the POG does not go back soon towards $2000 as most analysts expect, there's plenty of reasons to sustain the growth in the short to mid term.
- ex dividend date tomorrow with payment at the end of the month
- in 2020 we sold half of our production at an average of £1240. Now all our production is being sold at market price
- production update expected around the 20th of April. Probably 22-23k ounces at an average of £1800 minus an AISC of $900 leaves us with ca. $20M for the quarter. Not bad
- Political risk has been massively reduced with the new President of Tanzania. VAT news could land any time. We are due well over $20 million
- exploration update. We are drilling in NLGM and at Singida. In WK we had 2 active rigs and a third one on the way in Q2. A reserve update is therefore expected at some point

thanks Sjm.
A little excerpt from the article:
"On taxation, President Hassan said it was disheartening that VAT refunds were not being made as required.
“We should reach a point where investors coming to Tanzania know exactly where to pay taxes and secure work permits, but all they know about us is that we are unpredictable,” she said. "

Who knows, we may even see some of our VAT refund sometime later this year...

*Zurrin

I think the jump in share price could be attributed to a public speech by the new President. She is sending a very clear pro-business attitude with the intention of attracting foreign investments.
The President, among other things, announced direct government negotiation team to swiftly resolve tax and other outstanding issues with foreign mining companies in order to open up gold, nickel and helium investments. She also acknowledged delays in VAT refunds.

More details on the tweet just posted by Eric Zurring, CEO of Shanta Gold, also operating in Tanzania
https://twitter.com/frontiers/status/1379488546579439618?s=21

the President, among other things, announced direct government negotiation team to swiftly resolve tax and other outstanding issues with foreign mining companies in order to open up gold, nickel and helium investments. She also acknowledged delays in VAT refunds.

good summary of the RNA on proactive investor.
Don't panic and focus on the fundamentals. We are firmly on the path to build a 1M+ resource

https://www.proactiveinvestors.co.uk/companies/news/945569/cobra-resources-encouraged-by-strike-extensions-identified-at-wudinna-945569.html

just topped up. This is ridiculously cheap now.
Unless there's some trouble in Tanzania I don't understand why we would be at these levels

2.20 to buy now. Reminds me at what happened in december, when it dipped at 1.75. A month later we touched 3.4.
Time to average down and go for a walk

Don't listen to the trolls. The facts are
- 31 metres at 3.06 g/t of gold (including 15 metres at 5.2 g/t) at Clarke
- mineralisation deeper and wider than previously thought, both at Clarke and Baggy Green
- we are fully funded for additional sampling and drilling with great chances of increasing the JORC estimates

Yes, the departure of CM is disappointing but we don't know the reasons why. He may have received a great offer from a much larger company..
2021 is going to be exciting

my bet is that the RNS comes out either tomorrow at 7 AM or tuesday next week. I can't see that happening just before the double bank holiday

@dai2belts I am a bit confused as in recent RNSs they don't mention any drilling permit. Seems like we either have that already or it is a formality. What past events are you referring to? thanks

for the newbies and for those who have not seen this research note by Hannam & partners. Interesting read

http://www.helium-one.com/wp-content/uploads/2021/03/21-03-17-H-P-Update.pdf?fbclid=IwAR2MJEEHJSTn7kmTpW2cScBlZES5EfsYj6XdvPpogMJJbHT3GcdC2SeLJ0M

I'll be topping up a soon as I get the new ISA allowance later this week

DYOR

+13% at the opening. Blue day for a change?

if feels a bit like this time last year when most small caps and growth stocks were falling fast. The fall of most of the miners is sentiment driven and has nothing to do with the companies themselves. Sure, some were probably overvalued and, especially when too leveraged, a retrace should have been expected. But this is not the case of Shanta. Can anyone remember when we were last at these levels? There was no WK, we had a few tens of millions debt, production was a bit lower, hedging was in place so each ounce was generating easily $200-300 less than today. This is the time to ignore the noise, look at the numbers, add some more and forget about it for a few weeks or months. This without taking into account the increasing bank balance and the ongoing drilling activities

it's certainly not binary and the reality is far more complex than that. We know for a fact that there is helium and high concentration of the gas in seeps tells us that there's a good chance that we have a reservoir in the ground. What we don't know is how much there is and whether it will be commercially viable. That's why we are drilling. We have done a lot of geophysical tests that, together with the interpretation of already known information on the geology and on analogue helium sources found elswhere, makes it possible to provide a crude estimate of the amount of helium stored. The uncertainty though is very high. To reduce that uncertainty we need to drill. Each drill will confirm (or not) what we know about the geology (stratigraphy, porosity, fractures) and helium concentration. That information will help us revising the models used to estimate the size and viability of the reserves. Each drill adds a piece to the complex puzzle. Even a drill that misses the target will be useful to reduce the uncertainty of the models. It's a slow process.
The SP will reflect the estimated resources and the uncertainty associated with them. For now we have an estimate that points towards a huge amount of Helium at high concentration but we have a great uncertainty associated with that number. Each drill will narrow the uncertainty in one direction or the other. The fact that the drilling contractors accept to be paid in equity for the 3rd and 4th drill means that they are fairly confident. Same goes for the investors that backed the IPO.
My personal plan is to build a stake over the next few weeks as the SP is likely to grow as we approach the drilling results. Then i'll top slice to bank some of the profits.

almost fully loaded now. I am hoping to cross the 1M shares as soon as they reset the ISA allowance. It's annoying to see the SP drift like this but it's happening across the board and it is based purely on sentiment. ECR has so much potential and I have no doubt that by year end the SP will be much higher than it is. Just be patient guys

well said Gino. Some people here expect to see news every 5 minutes when it takes years to bring a licence from being just an ordinary patch of land to a gold mine. Patience is required.
Here we have cash that is likely to last for 2-3 years, our own rig that is drilling non-stop in very promising areas, our own XRF and geologists on the ground, potential JV partners, what more do you want? Yes, i'd also like to be already over 5p but I see this retrace as an opportunity to increase my holding as I am quite comfortable that over the next year or two the SP will be much higher.
DYOR guys and stop moaning. The RNS will come out when they have something to tell us

After a lot of research I've decided to get my first tranche of HE1. I see a massive upside here and I expect the SP to rise as drilling progresses. Will top up as soon as we get the new ISA allowance.
A special thanks to Trekmadone for his insights and research!

Mark's interview with proactive investor has just been posted. Looks like Kalaka could be MASSIVE.
Forget about India and accumulate some more shares
https://www.proactiveinvestors.co.uk/companies/news/943926/panthera-resources-details-priority-drill-targets-at-its-kalaka-gold-project-943926.html

buy more to average down then forget about it for a few months