Member Info for the_shareminator

£100m value company based on an initial 220koz gold equivalent resource grading 0.6g/t???

There are plenty of better explorers with larger resources that are further down the line of development that won't attract £100m valuations this year, CNR and KEFI to name but two.

Quarterly Activities Report for the period ended 31 December 2020

· Quarterly production of 89,888 ounces (oz), a 3% increase compared to the September quarter, bringing CY20 production to 395,136oz (CY19 production of 384,731oz)
· Realised gold price for the quarter averaged US$1,719/oz compared to the average spot price of US$1,877/oz
· All-In Sustaining Cost (AISC) of US$1,002/oz for the quarter bringing year to date AISC to US$1,074/oz (CY19 AISC of US$1,095/oz)
· Cash and bullion of US$106.5 million reducing net debt to US$230.4 million at 31 December 2020
· Agreement reached for sale of Bibiani Gold Mine for US$105 million (proceeds will be used to repay debt).
· Tabakoroni Mineral Resource increased to 1.3Moz at 4.9g/t Au

Outlook
· Guidance for 2021 of 350,000oz to 375,000oz at a forecast AISC between US$1,200/oz and US$1,275/oz inclusive of corporate overheads. The focus for 2021 will be operational consistency and cash generation.

Nice to see interest returning here at long last but still a way to go to make up for 2020

Special dividend is still expected in the next month or two

Previously posted but recently covered by the author again (this past week) on ii. Good to see the upwards trend feeding into DWHA which is up in the 750p range once more.

https://www.ii.co.uk/analysis-commentary/dewhurst-are-these-shares-cheap-enough-buy-ii510332

$19m dividend + big increase in tax (in fact they were utilising previous years losses last year). I would agree it seems odd that it has actually increased a little but can only assume they drew down on loans to fund the new solar project. The dollar weakness appears to have reversed since year end and will probably stabilise in the coming year. All this is conjecture until we see the HY report laid bare

After Sukari’s life-of-mine update in December, analysts at UBS said the reset expectations and new mine plan appeared to be conservative and they saw value upside from exploration and/or M&A and the turnaround of Sukari under new boss Martin Horgan.

With the aim of producing 450-500koz at all-in costs below US$900 an oz from 2024, a strong balance sheet and good dividend yield, BoA Merrill Lynch was also on board, forecasting underlying profit (EBITDA) for 2020 of US$420mln and US$448mln for 2021.

Biden is set to unveil $1.9 trillion Covid relief plan including $1,400 cheques for most Americans

Joe Biden has unveiled a $1.9 trillion Covid relief plan that includes $1,400 checks for most Americans as he prepares to boost the government’s pandemic response, writes Graeme Massie.

The huge financial package includes $400bn to directly combat coronavirus, accelerate vaccinations, and reopen closed schools within 100 days of its passing.

Mr Biden’s American Rescue Plan will also include $1,400 direct stimulus payments, and $350bn to help state and local governments cover funding gaps brought on by the pandemic.

The USD is rallying in response similar to what happened in March last year when gold took a tumble before rising some $600 off its base. Will commodity prices benefit in the immediate aftermath or further down the line this time, difficult to say.

Must be short of stock here, the share price is up 25% on low volume.

Something odd happening, even DWHA has risen today!

Not sure this is an overreaction. If the review of the balance sheet and contract profitability yields negative impacts as early indications suggest for current and future years the share price will suffer further damage.

Anyone who believes the delays to financial result reporting is a positive sign is dreaming. Covid has worsened in most of their markets and the financial impact has been largely cushioned by excessive government spending programmes this year. It's not a given this can continue at current levels in 2021 and beyond. The state will need to reign in spending once we are through this crisis in order to reduce their ballooning deficits.

Not just a Babc0ck problem though.

Another decent rise here today 1350 on the ASK at the close. Waiting patiently for DWHA to rerate up to the 800 range.

Rhodium bid just jumped another $500/oz in early trade to new highs of $20,000

Price inflation for commodities like Rhodium and certain rare metals looks set to continue whilst there remains a chronic shortage of new supply and a lack of investments into SA mines. Same old tired story that the industry has yet to address and until it does companies like SLP and THS will continue to benefit from increased revenues and cash-flow.

Last week was the first time in eight months that the US jobs report had registered negative growth, since the height of the coronavirus outbreak in April, with a fall of some 140,000. USD has bounced, yields on 10-year notes are up nearly 20% in a week and gold down $100.

Will be interesting to watch when Biden greenlights a $2,000 cheque for every American in two or three weeks time. The leading Democrats have stated they intend to push out at least two more comprehensive stimulus packages this year, expected to add trillions to the US federal debt.

That's a fair point, didn't mean to sound so suspicious. Hopefully the missing miner is found safe and well

Very peculiar given The Siberian Times previous posting history tends to be non-news related. How did they acquire photos of the scene? Company needs to put out a statement today regardless now but either way drop looks overdone now.

https://twitter.com/siberian_times/status/1346734223562948608

jointhedots - It's better than $4.5m additional revenue. It's $4.5m of additional gross profit as costs are already factored in. Tax is the only liability worth considering when we are talking about significant rises in the price of gold.

Expecting a statement on the dividend in the next week or two. Company announcement should have come last week.

Atb

Almost certainly causing a drag on the share price. Nearly every other precious metal stock in my portfolio is trading higher today as PM prices continue to rise. Noticed the terms have improved slightly, perhaps to account for the increasing gold price but this has yet to have an impact on the share price.

The Ordinary shares (DWHT) gained 22% last year whilst the 'A' shares (DWHA) actually fell 22% over the same period.

The Preliminary Results weren't too bad given the year we have had and fears over a dividend cut appear to have been proven wrong (subject to the AGM vote).

Final dividend on the Ordinary and 'A' non-voting ordinary shares: 9.25p
Date of Annual General Meeting (AGM) vote: 16 February 2021
Date of Dividend payment if approved: 24 February 2021
Shares go Ex-Dividend: 21 January 2021

With the addition of the Interim dividend the 'A' shares are currently yielding about 2%. A global rebound propelled by all the funny money that's been thrown at this crisis is coming, probably in the second half of this year and possibly sooner in the UK. I'm going to go out on a limb and predict a 2p (15%) increase of the combined annual dividend to around 15p this year. DWHA shares will return to favour along with other perceived riskier holds.

I haven't received mine either. A tad annoying as today the gold price has climbed above $1850 and we've had some excellent news to boot. No rise to speak of. Odds on PAF opening up 23p on the ASK tomorrow?

Confirmation of 97koz guidance in H220 is very welcome news especially when you consider some of the other major players (CEY, RSG, HOC, AAZ) have all come in below guidance this year.

Whilst the solar photovoltaic plant is unlikely to cause much of a stir among traders it is good to see PAF ahead of the curve and leading the way with cleaner energy initiatives in the South African mining sector.

With regards Fryer's disposal, he has been with Shanta for over almost 8 years and could very well be stepping down in the near future. I don't really share any concerns about his personal choice to move into cash at this stage in his life, given the precarious share price movements.

https://www.linkedin.com/in/robin-fryer-cpa/

Good spot on the numbers, so presumably they reduced before the fundraise as the main reason listed for the change in % was "An event changing the breakdown of voting rights"