Member Info for turnkey17

Indeed. I recommend watching this back.

https://www.youtube.com/watch?v=kzMpQlHB89w

They are clearly immensely excited

On Kenya newsflow.... "Scoping Study expected to be released following acquisition completion."

From the 2Q report. So expecting this within the next 3-4 weeks.

Give them some time! Nothing happens on day 1 after the deal... Expecting a scoping study or technical details to be released within 3-4 weeks and then the parading comes

"The West Kenya acquisition is significant for Shanta Gold, creating an East African gold mining champion with realisable growth prospects and high asset quality across three attractive gold projects.

Now that the Transaction is complete, we are turning our focus to integrating West Kenya into the Shanta portfolio and accelerating progress on the ground with plans to begin infill drilling and to further delineate the resource potential. We are committed to responsibly investing in Kenya and working with the Government, communities and local stakeholders."

High grade Kenya deal whose terms were agreed at closer to $1,200/oz prices, here we come :)

https://www.investegate.co.uk/aim/rns/aim-notice---19-08-2020/202008190800075007W/

Singida news is due this quarter Sensibles ;-). Last we heard, were deep in discussions with finance providers. Mouths zipped until released me thinks. Hard to speculate!

It does feel like this is set for some really good times ahead

The Kenya deal was so smart. All the negotiations and exclusivity was done when gold was close to $1,200 and ounce and the purchase price reflects that. Now we are closing it $800/oz better!

Eric may have got the hedge wrong timing wise (although it was prudent to do it), but he has knocked it out of the park with this deal. Nice.

1 month lock up anyway and this is tuppence to them

EXPECTED TO COMPLETE 8AM TOMORROW

WOOOOO

I know this company well through people I speak to. I want to hold it when the us listing is close to completed but I think that is probably a month off so patience can prevail. This company was nearly bought by Abcam a few years ago at a much higher price and when the business was less interesting. My inkling is that it is very undervalued but uk investors do not know how to value biopharma that does not make money and miss the big opportunity that us investors do not.

You should listen to the webcase Trek. These were not disappointing H1 results at all but the reality of a global catastrophe that disrupted their main clients. They expect low double digit organic revenue growth moving forwards once we are through the pandemic. That would put them among the fastest growing uk companies

I don't think you are right asto. I checked the webpage archives and on 2nd July it was also just August 2020. No date

Witohut Kenya this is still generating 30%+ free cash flow yield. It should be closer to 30p even without Kenya OR Singida and just success in extending New Luika lom

https://www.ippmedia.com/en/news/gold-mine-songwe-wins-govt-praise-protecting-environment

Gold way off its 1860 lows to 1920. I cannot believe how sensitive investors are to a marginal $50 here. Shanta looking cheap today!

I'm not worried unless Eric ever says there is a reason to be ;)

This stock is super cheap on just New Luika and LOM extensions alone

There is no risk around the Kenya deal IMO but some are a little worried Barrick might back out (even though Shanta have exclusivity). This from today shows in any case that Barrick are working on the assumption of $1,200 gold when making strategic decisions. Baffling (and very conservative!) but good for those who are worried anyway as that is around the price when Shanta opened discussions with Barrick!

https://www.bloomberg.com/news/articles/2020-08-10/barrick-boosts-dividends-by-14-with-windfall-from-gold-s-rally?sref=zeydEPbG

People are beginning to notice the incredible value on offer

https://www.telegraph.co.uk/investing/shares/four-stocks-buy-benefit-rising-gold-silver-prices/

Lots of chatter as to whether gold is peaking. I am not an expert, I don't think it is. But it is irrelevant.

EVEN if gold only stays at 1800, junior miners are ludicrously cheap. I would include SHG in this discussion along with Hummingbird. We are talking EBITDA multiples of under 2 at spot prices and free cash flow yields of 30%+. And still very low ebitda multiple and 20%+ free cash flow yield at even $1800/oz. Large cap miners are on 7-10%

DYOR. Valuation is on our side here!!

Best bit is, that only applies to New Luika and then replacing enough reserves each year through modest exploration, which they absolutely can do....

Progress at Singida or progress with West Africa is a whole other ballgame.