The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Just looking at Pivot mining consultants, found this example of their work at Shanta interesting
Singida’s JORC-complaint mineral resource estimate (MRE) was also re-calculated and independently verified by Pivot Mining Consultants.
Note they have been engaged with us as of today's RNS, shame their website doesn't work
No right or wrong in this game , ultimately it's a personal decision .
I've held too long on a couple of shares through greed and regretted and others times sold too early, the key is as long as you are winning that's all that matters .
I've got a number in my head where they can have mine, it's a fair way from here but we each have to set our own goals and targets, best of luck with yours.
For anyone that saw the photos on Twitter on Friday of the new excavator , this is confirmed here.
Tonnages mined continue to average at over 400tpd from the high-grade zones and an additional bulldozer and additional excavator have been mobilised to further increase tonnages.
This is great news
I've been trying to work out what our real value is once we get to the 1k/oz a month and get financing sorted etc.
Should definitely be over 1p and closer to 2p, if we reach 2k/oz a month I'm thinking 3-4p especially with exploration results from Vim Rutha etc, ultimately depends on shares in circulation etc. 3p at the current share numbers and we are valued around £56 million.
TRX who are producing around 5k/oz a quarter with aspirations to get to 24k/oz and have slightly different make up are valued around $160 million at present but they have less debt and their ASIC is $750-$850
Not bad for a company trying to survive https://twitter.com/CaracalGoldplc/status/1649339308136955908?t=8sdilITiNNhMRRolDntHQQ&s=35
The most likely is probably financing however I do see potential for the last two given the retweets, also the consultants have been on site at TRX and GCAT (same person), 3 day due diligence was quite lengthy.
Hi Pred,
Hope you are good, the lowest value we got to was around .259 and since then we have held in the mid/high .3s/4s.
Think the ship has definitely turned on a good way through , the high ore breakthrough and advance in the funding stages i.e. onsite visits by multiple parties for multiple days has helped
Some very positive news coming out via twitter and RNS.
As before though funding isn't done until done and prospectus is still awaiting, if the grades are as good as they say they may be able to pay Millend off
Remember this is without the large heap leech they are planning to build with funds, also the ASIC should be lower with the high grade ore as per their RNs.
If they deliver on the figures consistently for the next few months they will be in a very very good place, maybe settle the CLNs from Millend in cash