Member Info for the_shareminator

I'm with you, which will be bigger news in the coming days, the reduction of the mine-life down to 7 (possibly 8 years) or the US and Iran conflict forcing gold up above $1600/oz? TSG are expected to update the market with a Trading update in the next few working days and Full Years in less than 2 weeks after that. I always buy when others are fearful and encourage Nickel_Investor to check in here to see where the share price is in 2-3 weeks time. We should be back to £1 shortly if the US decides to send a few more missiles at Iran.

The company has 7 years worth of production remaining. Current market value was already way undervalued. This cuts long term value, no short term impact. Gold price pushing $1600/oz, high grade production, low cost and a significant dividend play. Good luck with your buying target though.

Scaremongering at it's worst on view here this morning.

As indicated in the update, we already knew the resource estimate was being downgraded. The scale of the downgrade has shocked some. Not many here seem aware TSG still have a longer minelife than HUM (4-5 years) currently and TSG are expecting to improve on their 300koz with additional ounces from their 2020 exploration programme

Gold production to be in line with recent years meaning 40-45koz at ever improving margins and a 8% dividend thrown in for good measure.

2020 Exploration
The Group will be conducting both underground and surface drilling campaigns during 2020. A total of approximately 22,000m of surface drilling will target the lateral extents of the Main zone and QV25. A further 2,000m of underground drilling will be conducted on the Main zone at depth.
SKUL have classified QV18 and QV25 as Exploration Targets[1] with the potential for ranges of:
· QV18: 33,000t to 270,000t at a grade of between 3.5g/t and 5g/t; and
· QV25: 30,000t to 60,000t at a grade of between 15 to 35g/t

Gold climbed above $1600/oz for the first time since 2013 this morning. No surprises as to why as Iran reportedly fired a dozen or more missiles at US bases in Iraq. The ball is now in Trump's court. Gold, oil, precious metals only going higher.

https://www.investing.com/news/commodities-news/gold-prices-gain-more-than-1-amid-intensifying-usiran-conflict-2054619

News of an Iranian missile strike against US bases and an aircraft going down in Iran due to apparent technical failures. Very sad. Tensions heightened. Gold should be moving much higher in anticipation of US retaliatory strikes.

https://www.msn.com/en-gb/news/world/pentagon-iran-launched-more-than-a-dozen-missiles-at-bases-in-iraq-housing-us-troops/ar-BBYIq3Z?ocid=spartanntp

Rhodium has surged almost 15% today to $7500/oz!

rodrod1 That would be interesting to know if confirmed.

$190m EBITDA presumably does not cover any tax (28% or around that figure), so it's roughly $20m per annum after tax? Presumably a sizable portion of this will be used to cover group costs and further exploration, a certain amount of value will be retained in the form of tungsten whilst as is normal for these operations, payment comes months after delivery which will impact cash-flow in the early years. Demand for tungsten may be strong in the coming years, still it looks pretty weak in comparison to others one might consider such as palladium and rhodium.

Happy New Year folks! I was just about to point out the $300/oz intraday rise in the price of Rhodium but you beat me to it Visitor. Quite remarkable we are trading lower today. I really thought the share price would be motoring up into the 40s this week. We are still 4 weeks from the update and I guess the market is mostly preoccupied with gold/silver and oil producers given the volatility since the US blew that Iranian general sky-high!

Gold off highs of $1588 today, AAZ has some catching up to do.

CEY looks good value at current levels. Does anyone have a firm date for it's next quarterly update?

apologies, phone auto-correct terrible

Bunsen - at this price hold in my humble opinion. Next month if ANS have begun or completed the transfer of funds to TKGP and the share price is below current levels many of us will no doubt be buying more. Today's update further de-risks the project development and with gold rising to within a whisker of $1600/oz earlier, the value of our holding is significantly higher than a month ago.

Bunsen - at this price hold in my humble opinion. Next month if ANS have completed begun or completed the transfer of funds to TKGP and the share price here is below current levels many of us will no double be buying more. Today's update further derisks the project development and with gold rising to within a whisker of $1600/oz earlier the value of our holding is significantly higher than a month ago.

maybe 7g/t?

I'm amazed we can still buy at sub 220p! TSG is up nearly 50% these past two weeks, PAF 24%, HUM and SHG creeping up. CEY has a predator lurking and still valued less than the recent offer. Lot's of bargains to be had but which is the best?

They may introduce an annual 2 or 3% dividend now as their net debt position is forecast to reverse sharply this year. My holding here is largest than any other publicly listed gold producing stock as it's well off the radar of most retail investors and still suffering from poor sentiment following mine issues last year and the recent instability in parts of the country. Looking for 30p by mid-Spring.

earthling - Only recently you were chastising long term holders such as myself who were calling the last spike up to 1.8p+ for what it was, a spike on the back of the ramping by the twitter crew (Degsy, Starfish and others with forgettable alias's). The share price subsequently dropped back to the 1.2p range. You can't have it both ways!

Fantasy - I think you mean 'earthling', I was able to buy shares around the 1.3 level last week. Don't think anyone will have that opportunity now but like you I wish others good luck with that 1.3p lol

I stand by my £30-40m mcap target which will come soon enough now

TKGM is expected to receive all of the first tranche within 25 days, doubtful they have received any given ANS signed the dotted lines yesterday. KEFI are not due any funds. With that said, this is the long awaited news long term investors have been waiting for (since September I believe) and is confirmation of ANS's commitment to the terms of the agreement. It may well be the rise in the gold price recently has spurred them into action. Clearly the project fundamentals and investment value improve with each passing day.

I think it's unlikely the share price will ever reach 5-6p this year, maybe when TKGM have been producing for 6-12 months.

2.6 - 3.4p range following release of funds is entirely reasonable given KEFI have a near free carry through to first production now.