Member Info for the_shareminator

I think it's safe to say Capital IQ's P/E calculations are out of date by at least 3 months in the case of HUM which has completed the 2nd ball mill a whole quarter ahead of schedule. I've been buying HUM down from 16p to 13.5p in anticipation of a rerate next quarter however that is already in full swing. TSG is consolidating but I believe won't be this level for long. However HUM is due a reserve upgrade, LOM upgrade and what should be a good production update after a string of poor ones. It has much further to rise in my view considering TSG has done so well in the past 12 months or so

HUM at 21p today with a 20% target on results to 25p due in the next week
TSG at 74p today with a 15% target on results to 85p due in the next week

Noel check out the latest today. Shanta will head towards 10p in the second half. If gold continues heading north why not 12p per share?

Just catching up with events as away on holiday past few weeks. Great reading about the resource update, higher grade indicated ounces replacing production at cost of $2/oz is fantastic! Shanta are looking to convert another 220koz inferred ounces at multiple sites in the next 12 months and with a bit of luck boost overall resources despite ongoing production.

"Shanta's strategy is to maintain a rolling 5-8 year life of mine reserve which balances the cost of exploration with visibility on future production"

Like HUM they are keen to extend the Life of Mine at low cost to beyond 2025.

Haven't read into todays results but the summary posted here reads well with net debt below $27m and should be below $20m come the end of 2019.

New presentation out this week! The company are on a roll at the moment.

Supportive, long-term shareholders: Majority owned by UFG Asset Management (86.4%)
Beating expectations: Record production of 46,053 oz of refined gold in 2018
Revenue of $59.8m in 2018, $43.4m in 2017
High yield stock: $18.5m in dividends paid 2016-2018. 2019 special dividend of $5.7m paid in Fed 2019.
Approved 21% share buyback
Robust corporate governance
High grade mine: 7.4g/t average in 2018 (8.8 g/t average in Q1 2019)
Rosnedra approval for mining license extension 6 years. Recent award of Rodnikova licence
Low energy costs due to Far East Russia subsidies

RNS out (still can't create a new message using LSE's new site format..)

1 July 2019
KEFI Minerals plc ("KEFI" or the "Company")

Director Dealing

KEFI Minerals (KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, was notified on 1 July 2019 by its executive chairman, Mr. Harry Anagnostaras-Adams, that he had purchased 1,431,939 ordinary shares of 1.7 pence each ("Ordinary Shares") at a price of 1.44 pence per share. Following the purchase Mr. Anagnostaras-Adams and his wife beneficially hold 14,169,787 Ordinary Shares, representing 2.08% of the issued share capital of the Company. These shares are held via Semarang Enterprises Ltd and the Adams Superannuation Fund.

It's been a while since I was directed to the website however it was nice to find a sleek, new version before navigating to the results.
http://www.mobilityone.com.my/v4/

Link to 2018 Annual Report
http://www.mobilityone.com.my/pages/pdf/MOLAR2018280619.pdf

Highlights
- Revenue increase 47.37% to £125.47 million (2017 revenue: £85.14 million)
- Net loss after tax of £1.36 million in 2018 (2017 loss after tax: £0.73 million)
- MobilityOne (B) Sdn Bhd now an active subsidiary and exploring eMoney business opportunities in Brunei
- Cash and cash equivalents of £4.18 million (2017 £3.43 million)
- Secured loans and borrowings of £4.27 million (2017 £3.95 million)
- Net debt £0.09m (2017 £0.52m)
- The Group’s banking channels include 10 banks and approximately 2,500 payment terminal bases in Malaysia

LSE's new beta is crap. I can't create a new message, apologies for having to reply here mytton.

On topic, today's reaction looks overdone. The risk before the coup and subsequent arrests was surely higher than it is now but the sellers today are just looking for short term returns elsewhere. Gold price should continue to strengthen into the second half of the year with the US slowdown spooking markets, a US China deal unlikely to stop the rot (assuming they can agree one) and Iran about to exceed their nuclear limits in the current hostile environment it's almost a certainty they will be cornered into some kind of conflict. All the reports I've read suggest they won't back down and once Europe wakes up to this the US won't hold back.

Interesting development, I wonder if the numbers are in for the past quarter and management expect the market to react favourably?

2.1 million shares as part of a one-off share buyback announced before the buys are actually settled it appears to me. Expected to continue until Friday. Good reason for anyone currently on the sidelines to jump in. If you were thinking of selling a large number of shares soon now might be the opportune moment or at least that's how the RNS message appears to me. I think anyone selling now must be either cash-strapped, inclined to liquidate their holding or simply unaware of the value unlocked in the past quarter. All will become clear soon enough :)

Hold off buying in June
Boris for PM, the buffoon!

Indeed although it appears to be over now. Hopefully the government beefs up their security and procedures.

£140m market cap now looks a little weighty for an 80-85koz producer compared to peers SHG, TSG, HUM and even the big two CEY and HGM. This was my year end target and it's only June. Todays news is positive but not game changing (yet) so I'll be looking to buy more around the £1.10 mark

micksnags1 - as am I however the fact is the ceiling on the last rise was 33% so assuming a similar market reaction when cash is received I would expect 2p will be tested again. It will probably overshoot this target but that is how I am justifying the sale of my AAZ shares (which have outperformed the rest of my pf recently). GLA

Just to add another comparison, my holding in TSG has gone from 34p to 70p (as of today) now valuing TSG at £70m for 40koz of gold production. I just sold a couple to add here. As with the recent reversal with HUM and now TSG, undervalued gold producers will have their day. Getting in before the crowd arrives is obviously key. Perhaps at odds with some here I don't believe VAT will be refunded but I am confident net debt will reduce quicker in the year ahead and pave the way towards a market value back around £100m. 12 month outlook. My target for TSG was 80p this year and HUM 25p. SHG back to 10p before December. GLA

Shareholder approval for Buyback

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce that the proposed Buyback of shares from UFG Private Equity Fund l, L.P and Destin Investment Management Limited has been approved by its shareholders.

The Resolution to approve the Buyback was duly passed at the Company's General Meeting held at 11.00am today.

Capitalised terms used in this announcement have the meanings given to them in the Circular issued by the Company on 23 May 2019. This document is available on the Company's website at http://www.trans-siberiangold.com/.

The market likes it! Also a senior management appointment release

Well spotted! 70p on the ask. Two updates out

Good to see you're here too Seingred. I have reduced my holding to load up elsewhere but I still think this has legs with gold trading in the current $1340-1360 range. Talk coming out of the US and Iran is increasingly less diplomatic and sounds an awfully lot like the 'beating of the drums'. Fear of a preemptive strike may push Iran into recklessly launching an attack on the US navy. I hope tensions ease but the attacks on the tankers don't make sense and if anything encourage both sides towards a conflict. Oil prices are set to fall further unless war breaks out. Perhaps that is an incentive for some...

Took a small risk reducing my runaway riser AAZ which has benefited from a strengthening gold price, rate cut expectations and tensions with Iran. I would say go with the certain bet in these times and lock in profit but it may turn out to be a poor trade. Anyway 150,000 more KEFI shares for me. The expected payment, when it does come should propel the stock back above 2p. The question to ask yourself is will any gold producers make gains of 33% in the coming month?

Nice chunky buy at 7p

Sector enjoying a mini surge right now

Gold above $1400/oz and AAZ up to around 140p by December 2019. Dividend payment before then. Might be conservative though given the share price has bounced to 110p today!

Trying not to watch the day-to-day as inevitably I get drawn into purchasing more (and under 28p today!).

We have seen the share price drift before and every time it rallied higher. This quarter the disconnect between the growing company value (cash, basket price, production etc) and declining market value has widened even further and whilst the recent reversal with the price of rhodium has yet to have an effect on sales the market remains blissfully unaware of the huge growth potential here.

Like you I've added at levels even higher than this but not yet overweight here. I've spread the pf risk across numerous gold producers which are doing well, TSG just climbed to 61p today, HUM is up to 15.5p and CEY is at 104p. AAZ and SHG have yet to really awaken. KEFI whilst only an explorer has secured funding and is due to receive the first $10m+ shortly. BMN continues to offer attractive volatility for trading. SLP is going down despite the basket price recovering to near highs. For all the reason Visitor listed earlier, there is no reason to believe the share price won't climb higher, it's just a question of when.

As always GL to fellow holders :)