Member Info for viable

http://petrotal-corp.com/wp-content/uploads/2021/05/PetroTal-Investor-Presentation-June-1-2021.pdf
[Heavy schedule. Have yet to go through the above.]

Volume looked okay today.
Better minds than mine can decide if one or more instis is reducing . . . and how long it will continue. Quantities were readily absorbed/taken up by PIs. The process (if correct) will be ongoing acting as a drag on a rising SP. At some point the exercise will end.

I have been through this situation before, most recently with SHG, my largest single AIM holding. Eventually it comes to an end. My belief is PTAL and SHG are by some distance the strongest AIM performers discovered thus far and I do not plan to relinquish either of them.

Didn't manage to get there.
Muted response from PIs today.
Hope there were a few tasty morsels.

Two late trades today are encouraging, unless they are 'swaps'.
Sturm, I see you are in TXP.
Shall join for the medium term.

https://www.thearmchairtrader.com/shanta-gold-shg-share-price-aim/
Neat and to the point

Have further examined the WK ~1,200 sq km license area (incl. Masumbi).
When the dome flanks are located and drilled more mineralisation will follow.

Ms Jenkins is a very handy addition.
Track her progress at Prieska/Springbok.
Riveted for more Yuri D statements.

. . . but WHEN?
CEY has become one of the biggest conundrums encountered.
Okay, there was the west wall fiasco.
The knock-on effects have however been largely inexplicable.
A higher AISC could be contributory.
Perhaps it will be mitigated by >$2,000/oz.

Correction - the earlier figure should have read "14.585".
Although I have not finished adding to PTAL - my first target - shall at some point get stuck into JSE and TXP among others.

Raxfactor - Impossible to be at all sure about Peruvian unknowns and not magnifying them.
.
Perhaps a lot of it has to do with living in Africa for 30+ years . . . watchfulness 24/7, firearm under the bed, cobra, boomslang, puffadder, a charging buffalo or elephant, mob protests, crime, you name it.

Peru is in no position to commit economic suicide. Like it or not they must essentially steer a centre-right course.

[On the other hand, returning to England, I am alarmed over the mess we are in together with thousands of migrants pitching up on my local coastline.]

Mapping will shortly be engaged.
Exclusion zones to follow.
Seem to work okay around NLGM.
KK Security will have to beef up its numbers.
Hope we don't pay for it. (:

Didn't cash in any chips but quite an enjoyable day at the desk.

https://nation.africa/kenya/counties/kakamega/large-scale-gold-mining-to-start-in-kakamega-in-2022--3416838

Semi-headline news in Nairobi.

Rather than yacking on about it, have picked up another small wedge @ 14.85. Oddly enough can also sell @ 14.591. Defies logic but I suppose there is at least one MM prepared to pay a fraction over the odds. Not quite what I had in mind in terms of volume although good enough.

Master Castillo will probably come up with a odd gem or two over the weekend to confound. Whatever he says is not going to derail the company's 2021 exit target or their production/AISC figures.

[18p looks out of reach for the moment. Being screwed by one or more insti. Possibly only one remedy to keep them in line: maintain >2% pa dividend. In the meantime will just have to hope the new instis will more than balance the equation.]

Having examined it for a year I would welcome a presentation from Yuri on the massive Mt Elgon influences. Mineralisation runs all the way from Kisumu to Kitale which makes it one of the world's great greenstone belts. And that is the Kenyan side alone.

https://en.wikipedia.org/wiki/Mount_Elgon#/media/File:Mount_elgon_topo.jpg

The following study was first looked at a while back:

https://www.sec.gov/Archives/edgar/data/1163003/000112785507000585/magnusexh99_2.htm

The company, of course, already has more than enough acreage to examine without trekking to Kitale.

https://advancegold.ca/advance-gold-provides-drilling-update-from-the-rosterman-gold-mine-property-in-kenya/

Thought another inspection of the Advance spin would be handy.
There were a total of 23 levels at the mine and exploitation was incomplete.
It illustrates and indicates an abundance of mineralisation across the corridor.
After the last set of results I am hanging in for a >4m oz Au resource which extends into Busia, Uganda.
Have decided to work another year past 80. All surplus proceeds will go into SHG, ARCM
and PTAL.
Also, may indulge in a tall tale on Rosterman from 1959. Was up at Ngong for Christmas and heard some remarkable stories.
EZ has understated the resource until yesterday.

Click at the top of the page.
Otherwise see youtube link from last night.

One more downhill lurch and I shall be doubling up.
A daily revenue stream of $700k is becoming eye watering.

Looking quite promising today.
Is my trusty sangoma going to be right for Friday.
All dependent on a few insti block trades.

sic "2,500 metres"

After listening to an absorbing webinar presentation I have begun a comparative study of the Welkom/Odendaalsrus development which probably dates back to circa1904 (the Boer War era). It had false starts but was a profitable (OFS) goldfield after 1970 . . . raking in the profits when gold was $28 - $30/oz.

For "gold ores to be payable in South Africa, the grade must typically exceed 960 cengrams – the equivalent of 8 grams per ton over a 120 cm stope width, which after dilution will yield 4g/t in the mill". The first ~3,000 m assays at WK are within those parameters.

The Harmony mine has gone a lot deeper than when I knew it. The recent Target discovery reaches an astonishing 2,900 metres depth and requires constant refrigeration for a working environment.

https://www.mining-technology.com/projects/target/

Google satellite view
https://www.google.com/maps/place/Target+Gold+Mine+-+1+Shaft/@-27.7597049,26.6412532,1320m/data=!3m1!1e3!4m5!3m4!1s0x1e913d1a9b60a7e5:0x50571eefbff0b0e1!8m2!3d-27.7604716!4d26.6414249

Isulu could go the same route starting with an open pit status. As matters stand it is open at 1,000 metres down plunge. (All measurements are exceeding what I thought possible.)(Bushiangala seems to have temporarily halted @ ~500m but Phase 2 will continue in two directions. Yuri has years of work ahead.)

Small wonder EZ is pausing with pronouncements until he gets to (?)4m ozs.

re: 40p. How I wish. Clinging on here after 11 years.
All the wild predictions have worn me out.
Someone's going to be nearly right one fine day.

Many thanks, LSE.

@ 13:31
By no means guaranteed.
Most PIs' attention span is that of a gnat.
They do more harm than good.
Today's first block buy seems to be 150k.

EZ recognises the importance of getting a couple more WK rigs running.
Targets for health:
Get another 20k/ozs out of NGLM followed by
more k/ozs from Singida asap to underpin SP
plus a final divi to keep the instis on board.

I remain undecided on adding yet again and it might prove to be short-sighted. One unknown is the continuing substantial block trades. Are they -

o instis mopping up
o a sequel to GTE's clear out
o private exchanges/deals
o the January buyer(s) reducing at a reasonable 15% profit?

Otherwise I can not visualise a Chavez-style broom sweep. A million Venezuelan refugees in the country amply illustrate the folly across the border.