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Indeed it is now beginning to rise with the sector, taken it's blink'n time though. HGM, CEY, HUM, SHG, TSG, AAU all outperforming AAZ recently. 170-180p correction coming IMO

Good reasons to keep buying here and other well managed gold producers. Hold for the quarterly results and subsequent market rally.

The share price climbed to 130p+ during the rally last autumn when gold climbed $250 peaking at around $1550/oz. Since then we have had a resource & reserve downgrade of around 200koz which crippled the share price followed by a confirmed 1moz mineral resource statement (Rodnikova), preliminary drilling results with further exploration planned this year and similar guidance to 2019.

The gold price has risen from $1460 in December to $1640 today and the company is arguably in a better financial position than it was last autumn. The company has delayed a special dividend this spring owing to the one off buyback of 22.9 million shares at 33p each, clear long term shareholder value and which is likely to be remedied later this year.

Considering how profitable this operation was at $1300/oz there is incredible value waiting to be unlocked here.
Catalysts include:
- Further strengthening of gold price
- Increased margins for the remainder of the year
- Drill results through the second half of the year
- Very quick reduction of debt (used for buyback)
- Cash returned in the form of special dividend
- Rodnikova early production planned

Oh dear, pity those who couldn't sit on their hands (myself included)…

Amazing to see SLP valued at this level, who would have thought just two weeks ago it would happen so quickly! It wasn't long ago the company were struggling to maintain a market value of £100m. Now we are another 10% higher, I will reserve judgment on where this rerate will end but it's hard not to act on instinct and lock in more profits at this level.

Beginning of 2021 we will probably be trading north of 4p

End of 2021 and likely first quarter of production and assuming further success with Saudi assets 7-8p

149p on the ASK now. Gold price finally being factored in.

Well like I said PGM prices have been rising for many months, not just in the past week or two. Company has been debt free for a long time and cash balance increases are a known. Which takes me back to the prime reason, the share price has near doubled from my recent 35p buys. Of course we all knew how ridiculous that level was a couple of weeks ago but the fact remains we were sat around 37-40p level for the best part of 4 months.

I'll admit I've top sliced, bit greedy not to after a near 100% rise from recent lows just a couple weeks ago. Palladium and Rhodium will probably continue higher but this is clearly in overbought territory now. Our basket price has been rising at a good pace for months, the share price did not reflect the value being added. Now I think it's a different story. In 3-6 months time 60p will look good value. It looks fair value today IMO

Gold pushes through $1,600/oz. Covid virus is having a much wider effect on the global economy than is being reported. Just wait for the major news outlets to cotton on.

Gold is up to $1590/oz and this cash rich, highly profitable gold producer is trickling lower.

Expect a rerate in the coming weeks.

I'm not one for the banking stocks as they are normally pretty boring but todays reaction was too good an opportunity to ignore. First time holder here and I suspect many now on the side-lines will rebuy when the dust settles and this starts trending higher again.

Cash offer 62% higher than yesterdays close! The signs were there this would be snapped up but that's quite a premium.

I agree this is a huge deal for Shanta. While this may only be a symptom of Barrick's policy of diversifying into mid-tier producers (see Acacia's deal) it will likely attract interest from risk averse funds that follow Barrick. This may be the precursor to a takeover as has been mentioned.

12p will look cheap later this year.

That was waaaay back in 2010/11 I think, before the consolidation.

I'd be happy with 4p this time around

Have estimated start-up costs been released? I've been invested in KEFI for a while now and explorers like these are in no position to push for quick funding deals. That being said I can see why people are jumping in. Will be watching closely

Yep too busy with the likes of overpriced EUA to notice the TSG and SHG, highly profitable gold producers just added over 1moz each to their assets. Shanta's new even better with the addition of Barrick as a shareholder I believe.

10 February 2020
Trans-Siberian Gold plc
("TSG", the "Company", or the "Group")
+1Moz JORC Mineral Resource Estimate - Rodnikova Gold Deposit
Trans-Siberian Gold plc (TSG.LN), a high grade gold producer in Russia, announces a JORC compliant Mineral Resource Estimate for the 100% owned Rodnikova Gold Deposit, located in Kamchatka, Far East Russia.

Highlights of Mineral Resource Estimate
· Total Indicated & Inferred Resources of 6.3Mt at a grade of 5g/t gold, for total contained +1Moz of gold, of which:
o Indicated Mineral Resources of 3.1Mt at a grade of 5.3g/t gold, for contained 519,000oz gold
o Inferred Mineral Resources of 3.2Mt at a grade of 4.8g/t gold, for contained 491,100oz gold
· Total Indicated & Inferred Resources of 6.3Mt, for total contained 7.4Moz of silver
· Rodnikova Gold Deposit combines two sites: Rodnikovy and Vilyuchinsky. Vilyuchinsky is located 4 km north-west of Rodnikovy.
· 75% of total contained gold resources at Rodnikovy

The JORC compliant Mineral Resource Estimate ('MRE') for the Rodnikova Gold Deposit was produced by SRK Consulting (Russia) Ltd for the Company's wholly owned subsidiary, CJSC Trevozhnoye Zarevo ("TZ") which holds a 25 year exploration licence over the Rodnikova Gold Deposit.

The MRE was developed in accordance with the recommendations and guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves as published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (the JORC Code, 2012 Edition).

Well I just bought at 53.5p

I agree there is a forced seller in our midst although I would assume some of the weakness is related to fears of the corona virus spreading and having a more prolonged impact on growth.

Sibanye Gold is a much larger producer so it shouldn't surprise anyone that it only fell a couple percent. The investor base and size protects it from large swings more so than here. This clearly illustrated with Sibanye up almost 7% this morning and Sylvania up 11% today and 15% from yesterdays lows.

Basket nicely up and Rhodium broke through $10,500 earlier.

He is the Chairman of South Africa's largest platinum producer, I would not say it's an unrelated company. I think his comments hold weight in the sector although I do agree those selling are doing so out of fear rather than anything Sylvania related. It's not the first time Froneman has been outspoken on this issue but I've never heard him use this rhetoric before.

His comments yesterday follow downgrades to growth forecasts by both the IMF and South African Reserve Bank late last week. The rand is trading below 15 to a dollar and looks likely to continue this year. Many analysts are predicting 16 rand to a dollar, Moody’s is likely to downgrade South Africa’s local currency credit rating in March, which in turn will eject South African Government Bonds (SAGBs) from the World Government Bond Index. Good for Sylvania's costs but nevertheless South Africa looks less stable than it did a year ago.