Member Info for the_shareminator

Reports of heavy rain and fears it will continue and soon affect operations might be the reason for recent selling pressure
https://www.aljazeera.com/news/2019/05/flooding-mali-kills-15-190518090801034.html

I believe today's rally is linked to gold rallying overnight and this morning. Trump sent out yet another tweet and spooked markets. I think the market is beginning to turn now, fear of recession and a slowdown will be the dominant stories in the coming months. Gold is set to rally on past $1400. Just need the FED to confirm with some rate cuts, possibly as early as Q419 although more likely next year.

https://www.investing.com/news/stock-market-news/stocks-shaken-bonds-surge-as-trump-risks-recession-1883789

Nothing to worry about, still 4-5 years worth of high grade ore reserves and another 4-5 years worth of resources.

Exploration work this year is ramping up to delineate additional resources and extend the life of mine.

Operationally speaking nothing has changed. Cash generation on a per share basis is very impressive as is the dividend TSG are able to afford it's shareholders.

Looks like it will close at day highs, similar to the start of the month and I'd wager it continues higher tomorrow just like it tends to do.

I think this around the right level to load up again. Gold is due to breakout. Global trade concerns spilling over and the USD precariously perched near highs. Somethings got to give. AAZ's last operational update was ahead of expectations and hopefully same again. Back above £1 again shortly.

As oppose to sitting on 60% losses uinsionn?

People should be emotional. That's their hard earned money gone up in smoke and nothing to show for it. Valore has how much cash following their acquisition? They are going to require major financing and that's before PB is debt financed through to production or sold on. If Valore decides to sell one of their other assets it will be on the cheap as tiddlers with tiddly projects don't command market premiums. Jangada's deal is evidence of that.

If you want vanadium exposure look no further than BMN, which is actually in a position to capitalise on the current vanadium price. The vanadium grades here are nowhere near as good as BMN's average grade Ore Reserves of 2.02% V2O5. Anyone buying here for longer term is going to be diluted out of any value long before they are able to monetise their last remaining asset.

The fact the BoD own such a large majority here means they can do whatever they like (as long as it's wrapped up in legally bound paper), screwing any other shareholders over and there is nothing you can do about it. Too late for some and of course hind sight is wonderful but this should serve a lesson and put others off from joining the throng here. The vanadium asset is worth absolutely nothing. ValOre will dilute the 33% JAN holding down in the coming years as they are cash-strapped. Remember the BoD, avoid.

What a shockingly poor deal your BoD has delivered.

The Pedra Branca project is South America's largest and most advanced platinum group metals ('PGM') and nickel project yet is being sold on for £4.1 million cash and 25 million ValOre shares

As expected dismal looking results, covered up by the $5.4m sale of a subsidiary (Eersteling) during the period.

Remember Caledonia had cash of approximately US$11.2 million at the end of December 2018. In the 20th March 2019 update they announced following the end of the Year Blanket "received all amounts owing as at December 31, 2018 in respect of gold sales and $1.2 million in respect of VAT refunds" boosting first quarter cash.

First quarter results announced on the 14th May 2019 show the net cash position fell to $9.7m. This despite receiving the $1.2m VAT refunds, $5.4m on sale of subsidiary and additional amounts in respect of gold sales as above. We might total this as $7m, it could be a little more or a little less. Yet cash fell $1.5m. That looks like a $8.5m shortfall during the quarter owing to poor production and higher unit costs.

The $4.2m gross profit on 12koz of gold production is the figure to focus on.

Steve Curtis, Caledonia's Chief Executive Officer declared "cash generation for the quarter was solid at $6.3 million - sufficient to support both capital investment in the Central Shaft project of $5.1 million and Caledonia's regular quarterly dividend as well as maintain a healthy balance sheet with net cash of $9.7m at the end of March"

However it doesn't look like it was sufficient given net cash fell and despite one off profits of around $7m factored in. The subsidiary sale was classed as operating profit however I couldn't see the proceeds in the cash-flow statement so there is a chance those funds have not yet been received. If it wasn't transferred before the quarter end then the shortfall is only $3.1m so we will find out next quarter. Trade, other receivables and inventories fell as expected which helped provide a boost to operating cash-flows.

Assuming the $5.4m sale had already concluded then those were some awful results. If the proceeds are coming this quarter then it's not as bad.

Oh he fancies PDL in fact. Very shady.

CD only ever talks down AMER, HUM and PDL. Bait for weak holders perhaps? It begs the question, why would someone not invested here post 4 times here today...

Not saying he's a broker but their constant spreading of fear and blurring the picture suggests he has a financial agenda, even if they won't admit it.

Lurker5 - Experienced investors look at future cash less liabilities, which for Hum equate roughly to the current market cap.

Enlighten us all, how on earth did you manage to figure that out? Are you basing your brand new sums on 130koz per annum production or 145koz? What else are you factoring in? Such a ridiculous suggestion.

Even taking lower end annual production of 110koz this year, 130koz in the following 3 years and 80koz in 2023 at AISC of $950, then $850 for the 3 years and $1050 at a flat gold price of $1250 = 33m+52m+52m+52m+16m = $205m

As you can see i've been conservative in pretty much everything. Current market cap is $63m.

$142m worth of liabilities? Really??? Of course it conveniently ignores LOM extension, a rising gold price, achieving higher production levels and lower costs, debt repayment, interest on cash held, future dividends...

But trying to keep things simple.

They are paying down debt. They took on some additional debt last year to help pay for the pit wall remediation and cover the shortfall in production. Last quarter, they paid down a not insignificant sum of the debt despite AISC running near breakeven. This quarter they haven't given any indications which is a good thing in my book, we are on track. Any significant bad news would have been reported.

In 7 months time the company will be in a position to confirm they have made a profit, contrary to your claims and by my estimates, net debt will be in the $40 - $45m range.

LOM will be extended, not sure how you're going to put a negative spin on that. Exploration costs are minimal in comparison to a mine churning out more than 130koz of gold each year.

Most people here agreed AISC will be over 900oz this year following the last update. No reason to believe they will be in the following years if production ramps up and with the second ball mill due for completion end of this year.

Not sure what figures you're looking at but the debt will be much lower than the $30m you claim by the end of year 4!

$75m market cap looks ridiculously cheap but the company has it all to prove. Deliver 110koz this year and the share price will climb.

I'm sure holders understand what's at stake.

The updated Reserve and Resource statements due by the end of this quarter will provide additional ore to add to future LOM plans. What has been included in the updated LOM plan is the additional capacity of the second ball mill which is due for completion in Q3 2019.

The significant change that our resident derampers chose to ignore is that output over the coming three years will rise to 130k-145koz from an initial estimate of 107koz, an increase of 22%-36% respectively.

No reason why AISC of US$800/oz cannot be achieved if production is stable at those levels.

The Company is pleased to report that the early estimates from the LoM plan showed a significant improvement on production levels and lowering cost base of the mine.

Furthermore based on current Resources over 1Moz gold sits outside of Reserves and the company intend to followup with exploratory work and feasibility studies to increase production from 2023 and extend the mine life further.

How many opportunities will there be later this year to buy below 25p? Traders dream this share

Peel Hunt maintained a ‘hold’ rating and target price of 1,025p.

“The shares have bounced nicely in 2019, modestly ahead of the sector,” the broker said.

“The 9%-plus dividend yield retains obvious attractions for investors but we continue to see better value elsewhere in the sector.”

Shares dropped 1% to 1,034p in morning trading.

Admission to Trading on the London Stock Exchange

Pure Gold Mining Inc. (PGM: TSX-V) ("Pure Gold" or the "Company"), a Canadian focused gold development company that owns the high-grade Madsen Red Lake Gold Mine ("Madsen" or the "Project") in Red Lake, Ontario, is pleased to announce that at 08:00am BST today, its common shares will be admitted to the standard listing segment of the Official List and the LSE's Main Market for listed securities ("Admission") under the ticker PUR.

Admission follows the publication of the Company's Prospectus on 14 May 2019, a copy of which is available on the Company's website

http://puregoldmining.ca/investors/LSE-Listing

Darin Labrenz, President and CEO of Pure Gold, commented:

"Today marks an important new chapter for the Company as we commence trading on the London Stock Exchange alongside our existing listing in Toronto. The LSE listing is a global platform which allows us to introduce Pure Gold to European and UK investors as we approach construction of our high-grade Madsen Red Lake Gold Mine and first production targeted for next year.

Due to the very high grade nature of the ore body, the low capital cost, short 13-month construction period, and project location in Ontario, Canada, we have already had good interest shown by European investors. We look forward to broadening our shareholder register as we approach our first phase of production and unlock the wider deposits in our licence area within the iconic Red Lake mining district, home of Canada's highest grade gold deposits."

Pure Gold is a Canadian focused gold developer. It has recently released the feasibility study for its flagship project, the Madsen Red Lake Gold Mine, which outlines an 800 tonne per day underground mining operation with a 12 year life-of-mine ("LOM"), Probable Reserves of one million ounces at 9 g/t Au in 3.5 million tonnes, and a comparatively low initial capital cost of C$95 million (US$71 million). The Company is targeting H2 2020 for first production. In addition, specific exploration targets and satellite resources not considered in the feasibility study suggest an opportunity for near-term growth to potentially further enhance the economics of the project. A recently completed preliminary economic assessment ("PEA") of these discoveries highlights the tremendous prospective upside present at Madsen Red Lake Mine, and demonstrates how Pure Gold would phase these new discoveries into future mine plans.

267,211,692 shares in issue x 34p = £90m market value today I believe

It doesn't matter if Labour get in at the next election. If Labour take power it will be some form of coalition and there's not a cat in hells chance of them passing these changes through Parliament.

Blue now. 25.5p offer

@ the unwashed...

V205 and Fev pricing explained
https://www.thebushveldperspective.com/vanadium-prices