Member Info for Sharegar

My guess based on nothing more than the probability of bid was conditional of the Flanks being issued (which we have today).
I think the first bid will be revealed on Friday 28th Aug 2020 and I anticipate there could be a build up on share price leading up to such an event.
Why the slight delay in revealing a bid that might have been known about for some time? Again, I guess this would give the other potential suiters time to have a rethink of their strategy now that we have conformation of the Flanks.
That would be only fair for all those involved.
What happens after first bid will also be very interesting!
For context, On the TSX .
Guyana Goldfields was about 60c after initial bid (after coming from 30c) and has settled about 185c last I looked after a three way biding war. Could lightning strike twice?
I think so.
GLA DYOR.

My thought on the placing is that a potential buyer wants to carry out work on WK to maximise their investment, and if they do not win the bidding war (I assume they would bid at least 23p), then they will have made a healthy profit on the placing price.
So that would only be a win win situation.
It was telling that there was no discount and no warrants attached which is almost unheard of even in a strong Bull market for Commodities.
I believe the final offer is likely to be above £1 after my own research which has been enhanced due to the great information that has been highlighted by Rowka and Mac and many others.
For. I am invested in two TSX Miners. Southern Silver and Spanish Mountain Gold.
Southern Silver had a placement a couple of months ago at 20c and is now 50c.
Spanish Mountain was placed as low as 12c if I remember correctly a couple of months ago and has been as high as 70c recently.
I do not see why the II's will not do very well with that dip at 23p.
GLA DYOR.
Sharegar.

If you hover your mouse over the "Share chat" Icon at the top of this page, you will see that Rowka is at the very top for recommended poster of information.
So on that basis, keep on posting your findings Rowka even if it is a repeat to remind new investors.
Your information is valued very highly and clearly many find useful.
There are many more excellent posters of valuable information on this board who have highlighted information that many investors would not find for their selves, so keep up the good work and thanks from me.
GLA.
Sharegar.

Nearly forgot my PC hat.
Mr/Mrs/Ms/Doctor/HRH or whatever your title may be!

https://www.gov.uk/government/news/uk-ais-commercial-deals
Is what you are looking for Mr Positive!

Now that Hawiah has a very substantial (grade and size) Maiden resource that is open along strike and at depth and the company is very close to a funding decision in Ethiopia for a Gold project that promises great cash flow for such a low entry point.
I think it would be worth considering a split in assets by region, with Kefi Gold and Kefi Copper being the result but only after Kefi Gold (Ethiopia) is able to be fully involved in future placings of Kefi Copper (Saudi) to stop dilution.
Both projects require different approaches and there is plenty of exploration potential in both countries over many years in our large land packages.
Any thoughts on this idea, or is it more prudent to keep everything in one package?
GLA.
Sharegar.

Now that the Kenya acquisition is confirmed, it will be very interesting to hear the exciting information that Eric has alluded to in several interviews that will make Kenya look an even better proposition than is already public knowledge.
The deal was structured at a much lower gold price and it looks like it only cost us pennies now!
Barrick has also been smart enough to gain value through the success of Shanta (Shares and Royalty). It looks like a win/win situation.
Singida is also another potential catalyst for value creation.
In the current financial climate it looks like the coming news flow from Shanta is going to be hard to ignore in terms of SP gains.
I think we have been doing very well with current mining operations and increasing cash flows/debt reductions that look set to continue at even better pace.
Companies are now starting to realise value from longer term projects and that is going to be one of Shanta Golds main strengths going forward IMO.
DYOR.

Alwaysone,
You are correct about the location of Vein 25. (It is confirmed in RNS of Sep 2019).

Has there been news as yet on the Rodnikova Gold Deposit?
This was reported in the RNS 20 Mar 2020.
In addition, the Group published a JORC-compliant Mineral Resource Estimate for the Rodnikova deposit in Q1; total Indicated
& Inferred Resources of 6.3Mt at a grade of 5g/t gold, for total contained +1Moz of gold.
The Group remains on track to deliver an initial scoping study for the Rodnikova deposit by the end of Q2 2020. This study will
assist in de-risking the project by establishing the framework for understanding the economics of future mine development
scenarios and will also provide guidance for near-term exploration programmes to maximise the delineation of further
economic mineralisation

The near term production from vein 25 alongside the Gold spot price has the makings of a serious re-rating of this company.
I think vein 25 and its significance is still under the Radar.
Any views on how likely we are to hit other significant veins in our land package?

Tjate could be the Jewel on the Crown for Jubilee once the Metals start to hit all time highs again (history repeats).
You just have to look at the amazing runs that miners had after the last (now considered small!!) Stimulus back in 2009-2012.
We are in very early days of what should be a super cycle.
Considering...Tjate NPV of USD1.1 billion (2012). Then I expect big things when the frenzy for projects really gets going.
As you point out Moneyhawk, we are in control with a healthy Cash flowing business that is looking better by the day.

I would like to thank the above mentioned folks as well and would also add gmf78 to that list.
Excellent sources of information have been highlighted over many Months.
GLA.

20p - A bit disappointed
50p- Satisfied
75p-Expected
£1-Over The Moon
£3.85 Dreams are made of this.
£999999999 Hyper-Inflation! Or it is a dream.

Hi Robertalexander
When II closes it shows yesterdays close price, so don't worry that is what it will be.

GLA

Gargar
That type of basic calculation has also been part of my rational for the dream of a Mega, Mega offer scenario.
They are currently forecasting a 40MOz PGM potential, but what is the likelihood of adding to this massive number by carrying out deep drilling maybe a few years down the line?
Does anyone have any ideas on the potential depth they could keep finding these baskets of Commodities? After all if the deep mines in South Africa are economical then do we have this type of added potential.
That is one aspect of the story that I have not read much about.

Thanks DIFTK and all others,
The UBS involvement is the latest detail that is really making me sit up and take notice of the shear scale.

There have been many informative posts regarding sale price and how it was worked out.
However, with the Stimulus programmes ongoing and Mining executives generally speaking being bullish on all commodities.
My question is: There are several potential bidders that will be expecting inflation, then how crazy can the bidding get?
I am sure these companies will be desperate to hold assets and not cash.
So what is the dream bid that is still realistic but naturally less likely.
Based on all I've researched I am now confidently expecting >$1 Billion and now believe greater than $10 Billion offer is not beyond the realms of possibility.
Just for a little qualification. I point to the fact that 1 Million Oz/yr. PGM is the new target as opposed to the previous 125K (before Flanks etc.)
My prediction is now $4 Billion for the complete sale.
GLA.

Another one for the shorts?

https://www.youtube.com/watch?v=92cwKCU8Z5c

Lots to like about this company, IMO.
The Royalty concept has been great in Canada for Mining, and this is already generating long term cashflow based on revenues which seems to be a smart way to benefit.
Companies that Duke invests in are well established and good at what they do. I look forward to further diversification to defend against potential shocks. Duke has so far been very well funded by institutions to allow its rapid growth.
The increasing chunky dividend looks very sustainable with increasing profits expected.
I think the market is eventually going to re-rate this stock, but with a 6% dividend yield, this is not a real concern for now.
One of the best things about the Royalty model is that if there were tough times in the market then Overheads are much lower than typical companies due to the low amount of staff required for this type of venture.
If you look at the Royalty sector in Canada for Mining related ventures such as Franko Nevada and Wheaton Precious Metals as two of the very best, it shows the massive returns that can be accumulated by means of Royalty/Streaming over a period of many years.
There are many more successful Canadian (TSX) royalty companies at different stages which gives further validation.
Finally, I did once had a dog called Duke. I do not expect to have a 2nd dog called Duke.
GLA.

I think this statistic is telling (works for Gold as well).
First, one million-pound footballer was Trevor Francis in 1979, a year before Silver hit $50.
Then in 2016, Paul Pogba joins Man Utd for £89 Mil and silver was $14.
Looks like precious metals have a bit of a catch up to do!
POG looking very good now that POX technology is adding great value to the high graded refractory ore and interestingly the new Russian shareholder Uzhuralzoloto Group of Companies has assets with refractory ore, so this could be mutually beneficial?
GLA

Hello All,
My dilemma was whether to buy Valore (great project: Pedra Branca ) or buy this stock and get the same project exposure plus something free (Pitombeiras: Vanadium, Titanium, and Iron) thrown in!
I've gone for Jangada and expect the market to pick up on the price discrepancy followed by a re-rate of this, under the radar stock, in what should be an exciting market for the very few Pd endowed stocks.
I also like Harvest Minerals and its story, of course totally different.
Wondering what the arguments are for buying this over Valore or vice versa? I suspect both shares will do very well.