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https://nation.africa/kenya/counties/siaya/-government-suspends-gold-mining-in-siaya-county--3297292

Siaya is just to the south of Bushiangala and Isulu. The above report illustrates the scale of unregulated informal mining in one county alone.

w.r.t. to the Kitco report combined with mounting national debt plus direction of Au I am settling for a $1,700/$1,800 range for the foreseeable. That was my conclusion a month ago and subsequent diversion into profitable companies and emerging new tech. SHG remains the only gold holding for reasons of its AISCs at NLGM, Singida development and Lihranda footprint. Were it not for that very healthy combination I'd be feeling slightly anxious.

My reading of continuing QE, etc suggests that all the £$trillions are going to mount unchecked. The spectre of Weimar is in reality confined to old dogs such as myself, whereas today's economists and power dealers treat lessons of history as obsolete.

https://www.bbc.co.uk/news/business-50504151

The above cleared up some of my sketchy knowledge.
Yet I just can not see an endpoint.

Yes, the problem went on for at least an hour . . . was contemplating another add-on but settled for an alternative in the end.

With the return of MG as NED I had better get moving on OPG pronto. Delayed a buy-in today because of indulging in some other tech. Also I should remember doing reasonably well with DRX which served me well except for March 2020.

A £100k wake-up call for Monday.

No earth-shaking events today. And all quiet in Toronto so I'll give it a rest until the barges start moving along the river. GLA.

Quite surprised to see SP is up because EQT together with PHE are in the bottom drawer for at least a year. I had expected it to go sub-2p. I'll start perking up again when Greece starts moving and court action is finally finish-and-klaar. So in my estimation it takes us to end-March.

Took longer than I would have thought to get it over the line. Pressure on 19p has been there for more than an hour. Presumably only one MM was holding it back.

re: 13:42 - We didn't cross 19p so beware a shake.

Looks as though it's about to roll into 19+p in which case ~20p is on for this afternoon.
Looking out foe large block buys, indicating II involvement. That will finally convince me.

Up and running, I see. Will it be smashed back @ 4pm? Not tempted. Will await my handout next week.

@ 11:39 - I don't have the slightest idea but would be surprised if the three musketeers in the company have not sought all the protection they can muster.

L2 - In the end it won't matter saving the odd penny if the detector succeeds. The SP ceiling could be infinite. That said, we know volatility in this stock is high.

With the bid @ 17.75p and rising KMK is performing far better than I thought likely following announcement of the cash begging bowl. My reaction at the time was a "here we go again". And another below the belt blow . . . just illustrates one can never be sure of the outcome.

I persevere with examination of product lines when able to do so. Pièce de résistance efficiency of a hand-held pathogen detector defeats me. Obviously the mission can be accomplished and it would be astonishing if pilot proving tests are completed this year.

One point in the article stands out: 20% of the market. Actually there is no way of assessing it. Kromer reach could easily exceed that figure if patents lodged are binding. So there are numerous factors at play here.

sic . . . 0.5c

Well, it didn't quite happen today but there is always tomorrow . . ..

Volume and trades really accelerating in the last hour in Toronto and price reaching a high @ $Can0.33. Four more hours to go there with possibly another 5c to be added. In the meantime we are shunting 200k wedges across to tide them over.

We are just meandering along and have done so ever since the cash raise for Kenya. No complaints on that score because the apathy rests with retail investors. Management can't be faulted for getting on with the job. The general idea, however, is to see a modest return on an investment. It will certainly come via a dividend as various funds/IIs seem to be fairly assured and relaxed about it.

Unfortunately I together with several others on the bb hold at least two stocks that are doing nothing. SP drift will cause concern and there has to be a time limit on tolerance. It shouldn't be too long before relief comes in the form of a confirmation from EZ. We are not the only investors looking out for it: there are handful of groups that have been steadily taking up stock from 15p to 20p and they, too, will become antsy if radio silence goes on. Furthermore those "groups" would have been given an indication/commitment/undertaking in contacting EZ/LL when the expansion programme started moving. Otherwise they wouldn't be here.

Like others I was tempted today to take up more stock. Yet a percentage of the PF has to be allocated to other outfits where results with judgement and luck are almost immediate.

Perhaps SHG will come up trumps in the next fortnight. We all hope so.

Yes, it struck me as being an open-ended arrangement and latitude would be allowed. The big handicap with a hedge here is revenue lost if Brent climbs to ~$80 and stays there for the rest of the year. We have until recently, e.g. with SHG, been sounding off about $400/oz being lost for most of 2020 because of a hedge being in place. It added up to $millions being sacrificed as gold surged. Perhaps we should reread it all.

Also, I am not clear if the hedge applies to barge shipments which presumably are to continue during 2021. I would like to think they are sold at the going rate on reaching the oil terminal.

In fact a number of features still need to be examined as I have not been here long enough. Whilst familiar with OWC in the Mississippian and the Bakken - to a lesser extent the North Sea - the water cut at Bretana is hardly a handicap. As a result most of the oil table is going to be recovered over the next few years. Declines as we understand them are not going to apply as they do in the Bakken.

Toronto in the first hour is looking very iffy so it's going to be a battle to hold the present SP range until the bell. Something better may come along.

The bid is at last moving. Having expected a slightly better early response to the development programme I was becoming impatient. Overall the RNS was one of the most encouraging I have seen in a very long time. Only one small blemish with the one well which apparently can be put right. Wide-ranging detail so much so that it hardly left room for a mention on shipments via Brazil and a JV somewhere down the track. Expect another small surge pm.

I need to brush up on workovers, stimulation and EORs for horizontals.

Offhand, and judging by buys vs sells in Toronto, you can expect another strong day tomorrow . . . possibly better than today . . . all is dependent on any profit-taking in the last 30 minutes before close.

Going for it and applying for more.
Arnab, don't blunder this time.