Member Info for NoelShempsky

Nice!

https://www.jsmineset.com/kitco/au.gif

Nice!

https://www.jsmineset.com/kitco/au.gif

In the results -

"Tanzania's next significant gold mine"

If SHG gets too successful, will the Tanz gov't go after it they way it did with ACA?

Don't think this (see below for CSR) will make any difference, ACA was incredibly generous with its CSR, but it was still the victim of an attack that was widely perceived as unjust and regarded by some as criminal.

" Social and economic contribution

Shanta's Corporate Social Responsibility ("CSR") programmes at New Luika are aligned to local and national priorities. Our intentions are for the Singida project to provide similar benefits to Tanzania's Singida region once mine development has commenced.

The Company's economic contribution to Tanzania has been growing steadily since New Luika became a producing mine in 2013. In 2019, the Company contributed US$19 million in taxes and royalties to the Government of Tanzania. 40% of New Luika's employees come from communities around the mine and 99% of our workforce are Tanzanian citizens. New Luika's supply chain is almost exclusively Tanzanian and is an important ingredient for Shanta's successes. "

High risk due to the political threat.

I'd like to think you are right, but I doubt that we will get a special divi this year.

Hoping to be proved wrong, as I recently topped up to grab the dividend

A follow-up message from Sinclair on $50,000 gold

https://www.jsmineset.com/2020/01/23/jims-mailbox-2515/

Sinclair was known by the MSM as Mr Gold, until he embarrassed them with his amazingly spot-on forecasts, so they stopped giving him publicity.

Ignore Sinclair at your peril.

How many on here followed Jim Sinclair in the gold bull up to 2011?

How many remember his angels for the gold price?

I have read his website nearly every day since about 2002 (I doubt that I have missed more than 10 days in all those years). His forecasts made me more money than anyone else's.

The MSM mocked his angels, but they were always reached, and Sinclair was always right. The MSM were embarrassed and so they stopped mocking him and instead ignored him.

He has just posted a very interesting "angel".

I've been a gold bug for long enough (19 years) to have seen many forecasts of $5,000 gold, $10,000 and $20,000 gold - but, of course, it never happened so I am always sceptical of such predictions, but when a man like Jim Sinclair, with his past successes, puts out something like this, I take it seriously.

I will make a forecast of my own - if the gold price gets to over $10,000, African governments, and possibly others around the world, will seize the mines. Look at what happened to ACA - generous beyond belief in looking after the locals, but the victim of an unjust political attack, and when gold mines are profitable beyond our wildest dreams (due to $50,000 gold) the politicians will be even more greedy.

Never underestimate the greed of governments. No amount of CSR, i.e. charity, will save mines from being stolen.

https://www.jsmineset.com/2020/01/22/george-sellas-the-price-of-gold/

artrader still hasn't answered my points about the evidence that makes it impossible for a miner to produce ten times the amount of declared gold and get away with it - as he claims ACA did.
He won't answer those points because they prove him wrong and he is a shameless type who won't admit it when he is wrong so he resorts to personal abuse.

A follow-up message from Sinclair on $50,000 gold

https://www.jsmineset.com/2020/01/23/jims-mailbox-2515/

Sinclair was known by the MSM as Mr Gold, until he embarrassed them with his amazingly spot-on forecasts, so they stopped giving him publicity.

Ignore Sinclair at your peril.

Notice how artrader resorts to personal abuse.

That is because he has lost the debate and cannot argue against my points using facts and reasoning, so he makes personal attacks - the sign of someone with a hidden agenda.

Forgot the link -

https://www.jsmineset.com/2020/01/22/george-sellas-the-price-of-gold/

How many on here followed Jim Sinclair in the gold bull up to 2011?

How many remember his angels for the gold price?

I have read his website nearly every day since about 2002 (I doubt that I have missed more than 10 days in all those years). His forecasts made me more money than anyone else's.

The MSM mocked his angels, but they were always reached, and Sinclair was always right. The MSM were embarrassed and so they stopped mocking him and instead ignored him.

He has just posted a very interesting "angel".

I've been a gold bug for long enough (19 years) to have seen many forecasts of $5,000 gold, $10,000 and $20,000 gold - but, of course, it never happened so I am always sceptical of such predictions, but when a man like Jim Sinclair, with his past successes, puts out something like this, I take it seriously.

I will make a forecast of my own - if the gold price gets to over $10,000, African governments, and possibly others around the world, will seize the mines. Look at what happened to ACA - generous beyond belief in looking after the locals, but the victim of an unjust political attack, and when gold mines are profitable beyond our wildest dreams (due to $50,000 gold) the politicians will be even more greedy.

Never underestimate the greed of governments. No amount of CSR, i.e. charity, will save mines from being stolen.

Correction - should be -

"and even THEN they can be the victim of unjust political attacks"

A gold miner couldn't produce ten times as much gold as it declares and cover it up. There is too much evidence of the true production figure.

The analysis of the drilling samples is done by independent labs - so we know the grades, so the ore isn't ten times richer in gold.

We know the capacity of the crushing and processing plant, and the energy usage - so they can't mine and process ten times the amount of ROM.

Imagine if, in the planning stage, the big shareholders were told that the company was going to build a processing plant ten times bigger than needed (for the declared amount of ROM) - wouldn't they protest about the waste of money on spare capacity.

Government corruption in Africa is undeniable - but businesses are taking great risks if they try to commit fraud and the vast majority do everything by the book. Respectable companies like SHG and ACA are squeaky clean - they have to be because they have too much to lose - and even they can be the victim of unjust political attacks as we have seen.

Where is our VAT, Tanz gov't?

I didn't mean it was hot air in the sense of fake mews from the company. I meant that crowing about it was hot air, i.e a waste of time, because the sp failed to respond positively.

All hot air Trojan - the sp shows what the market thinks of this RNS.

Note - "Tanzanian human rights groups allege" - alleges - i.e. false accusations.

Note - "allegedly killed by police hired by Acacia." - allegedly - not proven. Also, those police were African police, not ACA employees.

Read your own posting carefully - all allegations, no proof of guilt on ACA's part. If you hired a plumber and he killed someone, does that make you guilty?

artrader - you voiced an opinion on ACA to which I responded with logical debate - i.e drilling, grades, ROM and plant capacity, but you didn't want to answer those points - because they proved you wrong.

You posted unfounded accusations and I asked for facts - arrests, charges or convictions. You ignore facts.

You prefer to "read between the lines" rather than face facts - i.e. you put a false twist on news to make it suit your own biased interpretation of news. You seem to live in you own delusionary world.

I have met people like that - and they all describe themselves as Liberal.

Theodore Roosevelt (Theodore, not Franklin) was right when he said, "If you want to anger a Conservative, lie to him. If you want to anger a Liberal, tell him the truth."

To my knowledge, your "list of misdeeds" are unproven accusations. If you care to post links to the news reports of arrests, charges and convictions, I will be convinced.

As for my view on SHG - a good company, good competent management, good reserves and even though I was disappointed after, was it two years ago or three when they allude to dividends, no dividends were paid, but I now think there is a fair chance of a payout this year and that ought to boost the sp.

In spite of the Tanz risks, I'm staying on board.

I see you have no answer to the points I made - drilling, grades, ROM and plant capacity.

The Guardian - yeah, right. The respected Caitlin Johnstone tells us that The Guardian Is A Mouthpiece for Establishment Propaganda

https://caitlinjohnstone.com/2019/11/22/advancing-propaganda-for-evil-agendas-is-the-same-as-perpetrating-them-yourself/

Quote - "Acacia moved mountains of unrefined mining material to Asia for refining to avoid taxes as did others." oh yes?

The Tanz gov't accused ACA of having mined ten times as much as they declared - how can a gold miner get away with that?

The analysis of the drilling samples is done by independent labs - so we know the grades, so the ore isn't ten times richer in gold.

We know the capacity of the crushing and processing plant, and the energy usage - so they didn't mine and process ten times the amount of ROM.

Imagine if, in the planning stage, the big shareholders were told that the company was going to build a processing plant ten times bigger than needed (for the declared amount of ROM) - wouldn't they protest about the waste of money on spare capacity.

Take your PC blinkers off, arttrader.