Member Info for turnkey17

You realise that would be a marketcap of £14bn..... it would be a FTSE 100 company..... Not happening

Thx. It says in his note that he and his family owns 0.9% so does he own nearly £5 million of avacta?!

I am just wondering thx
https://www.youtube.com/watch?v=lz_ouJeXFbw

Been doing the rounds on twitter today. A good piece!
https://miningbug.wordpress.com/2020/10/03/landore-resources-lnd-cheap-canadian-gold-drill-upgrade-exit-18-5p-03-10-20/

research note out today from the broker with a 70p a share target price.

came across this today https://www.jamescropper.com/products/the-mill-collection/papergard

PaperGard technology provides an integrated solution that gives protection to the paper surface for the life of the product, of particular importance for products used in sensitive environments or that are subject to cross-contamination from multiple handling. The use of anti-microbial paper technology is highly effective against pathogens such as MRSA and E-coli, reducing the risk of build-up of harmful organisms 24 hours a day, 7 days a week. Recent testing by an independent laboratory has also shown its viral efficacy against Feline Coronavirus, showing a reduction in viability of 95% within two hours.

Feline Coronavirus and COVID-19 are members of the Coronaviridae family of viruses which cause a broad spectrum of animal and human disease. This group of viruses are enveloped and rely on a protective lipid coating and are amongst the easiest types of virus to deactivate. Biomaster® has yet to be tested against COVID-19 on product surfaces and currently there is not yet a suitable method validated for COVID-19, however the result clearly demonstrates the antiviral efficacy of silver ion technology against a member of the Coronaviridae family.

nice

I think you mean another 38k Colonel

Wow. The 75000 ounces added at Luika and Black Tree only cost $750k

"How on earth we're trading at less than 2x cash flow is beyond me"

Me too eric, haha. Time will rectify this!

https://www.proactiveinvestors.co.uk/companies/news/928232/shanta-gold-reports--highest-ever-reserves-in-company-s-history--and-believes-its--repeatable--928232.html

There is something to be said for a stock always trading a bit cheap in that you never have to worry about timing an exit because it's always looking cheap!

I recall they've barely scratched the surface at Singida. News will come thick and fast through September knowing what we do about what they intend to get out. Should be good for a run to 20p and beyond

Wait until we see some Kenya grades in the next few weeks ;)

Added 75k reserves to almost at depletion and only two thirds through so on track for 100k ounces added again and above depletion. They are also talking about Singida being a little bit bigger than previously(?) at 31,000 ounces and a 7 year mine life and that is with reserves at $1350 gold for viability. Suggests to me news on Singida is imminent if they've already scoped out that framework

"Significant further potential upside through the inclusion of substantial resources that currently still sit outside reserves; and, highest group-wide reserves and resources ever reported by Shanta and a proven track record of low cost exploration to replace mined ounces"

god knows but its phenomenal. you can buy overvalued tech and get a 1.5% free cash yield or buy shanta and get a 30% yield. Unbelievable

Thanks. Call me daft but I missed that HUM had told us the pre-tax numbers... thought they were post tax but they probably ran out of time to calculate those before announcing :)

Nice stuff. Why not use NPV for Kouroussa as that's basically the same thing but easier?

"Shanta's New Luika mine is a cash cow and at 1900 gold should generate over £40M FCF in 2021 on my assumptions, over 30% of the £137m market valuation. Shanta's two expansion assets Singida and West Kenya are in for free and combined are most likely worth well above what New Luika is. There are at least 6 catalysts between now and year end to look out for, keeping stock level interest high. "

https://www.lemonfool.co.uk/viewtopic.php?f=93&t=25040

40p. Doubt anyone pays more than a lot more than they'd ever have to