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Max, you will catch a loof flak. It;s been purt up a

@ 18:43
. . . makes sense. Quite a tangle now.

@ 13:28 Tues
Drilling rig incline attitude @ +/-70% looks to be outside any conurbation. Perhaps the company can tell us if it is in the Rosterman area or Bushi/Isulu.

https://www.proactiveinvestors.co.uk/companies/news/932932/shanta-gold-can-double-in-value-over-next-year-suggests-liberum-932932.html

The closing price seemed a strong one to me but that said I have only been here 2 mins. How do all these tiny trades/traders make any profit, or does £10 enable them to buy a crust of bread?

Rather than to continue dithering I took up a few CEY as there could be quicker short-term developments than first envisaged. Chump Trump is proving to be a thorn to the last and, after an initial bad reaction to his comments, gold has surged by $15/oz. Will it continue to do so this week? Answer: don't know.

https://www.lse.co.uk/rns/CAPD/transformative-contract-award-centamin-in-egypt-xj5dei57oekhfl7.html

Having been negative for some time I review Sukari and will take up stock in CAPD and CEY at some point.
". . . and the Amended Sukari Drilling Contract are anticipated to deliver incremental revenues of US$235 - 260 million over a four-year period commencing 1 January 2021, representing the largest award of new business in the Company's history".

https://masterinvestor.co.uk/equities/johns-mining-journal-solgold-and-hummingbird/

Apologies if already posted.
Mather must surely take stock of the multi-projects on the books.
I concur with Master.
Also, anyone deep into their 70s, loses energy and sense of reality.
And I crossed that rubicon @ 75 despite being in good shape.

. . . getting smashed all morning by the II/Fund offloads at intervals. Unless they are sorting out their internal commitments the process could go on for another month. Otherwise, combined with last week's showing, it's a fair wind.

Finishing @ 18.25 - 18.50p today would be excellent. Can but hope.

https://www.hindawi.com/journals/jgr/2012/603971/fig4/
The above is an example of "outcrops" referred to in an earlier post. There are at least six greenstone belts in Tanzania. Expecting any of them replicating Geita mine characteristics in the NW is stretching imagination. Drilling depth at the mine by AngloAshanti has gone to 700 metres on the vertical. Whether exploration will ever reach 2,000 metres there is again stretching it. The total area resource is measured @ >6m ozs.

So that's the background to SHG ever achieving "50/60p in next 2/3 years" (ref 23:38 Sat.).

Rather than rushing to the keyboard I should spend more time examining the case. There is a mass of detail and information - e.g how far south is PorcupineSouth from Porcupine incl NW1 and NW2, and is it part of Helio's original licence? Furthermore it is uncertain if we have had all updates on Lambo and Quartzberg.

re: 11:04 - Whilst still unsure, it is more likely the Tanz government and Shanta are skirting around the licences' issue. With legal action pending everything might have been placed on hold until settlement. Possibly it is the reason for Porcupine South springing into the frame.

re: 17:38 Sat. - For the present I shall not go anywhere near AAZ, CEY, HOC and HUM. Mind, each could react if PoG surges.

A fascinating week could be in store

Having run out of reading material, I had wanted to have another look at the Mbeya licences, and who owns them. The position is unclear. Unless someone has already examined the matter I'll have to do some homework. There must be more opportunities than we know of. A Helio extract states:

"SMP covers an area of 200 km2 and comprises 12 valid licences; four retention licences (“RLs”) and eight prospecting licences (“PLs”), plus one PL in application. Within this area, Helio has identified over 30 exploration targets".

In effect have all licences and targets been reallocated to Shanta? Hmmm, surprising how little I know about Shanta.

Having run my eye over yesterday's voting I had the impression that our leader only survived on the strength of his own holdings. It's highly likely to have already been covered by bb. members but, with several hundred posts to go through, I apologise for not trawling through them. That said, the processes and progress in SOLG are becoming laboured/tedious.

Also, the continuing use of a 700+ working camp without production doesn't make any sense. Each employee surely costs more than a few peso. Is it fair to ask if BHP and Newcrest are losing patience?

Evidence of the MMs accumulating was apparent earlier today.
My sense of a level playing field evaporated years ago.
The premise of supply and demand is largely non-existent for the humble retail investor.
A game of ducks&drakes will continue until Q1.
It's likely to be a handicap on expectations in the short term.
We'll get there by Feb once the Lihranda results start to come in.
[Covid2 well seated here. Exhausted ICU contacts tell me hospital beds in the SE
are 97% occupied. Movement is accordingly restricted. Stay indoors.]

Very good vibes here plus a great future.
Shall shortly join the ranks of LTHs.

https://www.youtube.com/watch?app=desktop&v=6-RbqSomv5E

I have only learnt about the Saza shear zone (incorporating NLGM) in the past few weeks. Initially interest was aroused by the many rock outcrops in the district stretching up to 20 - 30 km. Their presence makes exploration very easy. Collect suitable rock chip samples and send them off to the nearest lab. The pick the brains of local artisanal workers who have intimate knowledge of ~240 sq km.

The granites have always been of special interest. I haven't done anything around Mbeya but once had a collection of quartz crystals, etc from the Kalahari and Namibia. One doesn't need to be a whizz geologist. Each of us can go along the Jurassic Coast and pick up the knowledge there. The following link is a pretty good effort on the region. The pix can be magnified:

https://oatd.org/oatd/record?record=oai%5C%3Aetheses.dur.ac.uk%5C%3A5906

Further examples can be seen on -

https://www.google.com/search?safe=strict&sxsrf=ALeKk02kXIr6-xvpjXXBlxQGWrIDURhrzA:1608234370657&source=univ&tbm=isch&q=quartz+bearing+granite+images&sa=X&ved=2ahUKEwjVl4Pz49XtAhW5TBUIHY9sDfgQjJkEegQIAxAB&biw=1280&bih=657#imgrc=Ie2UQ4MrIXcW8M&imgdii=k8DywAktEAt5JM

Whilst keen to see if Geita or Bulyanhulu proceed with a deep mine shaft at some point a similar discovery could emerge with one or more of Shanta's prospects. In the meantime operations are correctly focused on open pit option. And the indications are the Lupa goldfield will become an even stronger performer.

Having tired some more on my bete noire SOLG I plan to transfer another wedge to SHG.
EZ&co have an agenda that fits.

Have plenty to say on the subject but the board only seems to be interested in inconsequentials. So no point in putting out irrelevant data and research. In brief -

Porcupine (main) is part of Porcupine NW1 and NW2 together with Quill. They comprise part of Saza-Makongolosi segment which incorporates NLGM. (Investigation reveals an extensive network.) There are also encouraging prospects at Kenge, Mbenge, Konokono and Tumbili. And there might be others. A difficulty is EZ always bringing something entirely new to the table to the surprise of all. Just how many Tanzanian licences do we hold? Also, it is remarkable how much has been achieved by the company in the past three months.

It is worth noting that the majority of assets have barely scratched the surface. Nearly all of them are open at depth and some of the new names can be added to the list.

Note. Trucking heavy tonnage for 22 km along a dirt road - even one regularly graded - is a tough ask during the rainy season.

Eric, toss us a bone or is covid disrupting the drilling programme?

I note OTCB, New York, is boosting Bluejay activity since Friday. The company has tweeted their delight. Membership has encouraged MMs to quote shares in the US.
We definitely need more exposure in N America.
Also I noted last week SHG has funded a smart teachers' building 5 km from NLGM.
https://twitter.com/shanta_gold?lang=en

Dare one suggest it? A calculated risk?
If the hedge is nearly sorted, if AISC is stable, if tax factor is manageable and the Shanta Santa kitty is bountiful, would it be practical to orchestrate a buyout @, say, a flat rate of 15p/share, i.e. iro the errant II/funds? Such a step may of course expose the company to further silly boggers? A hot potato . . ..
In the meantime these fellas are holding up proceedings. We all remember what Rex Harbour under different circumstances did to a supercilious AMER board.

re: Fryer sell
People do different things for different reasons.
With today's covid news rampant in my locality I, too, continually take stock. Nearly 80, still busy at work, out and about daily, it might be time to stay indoors and start pruning on nearly everything: i.e. Robin Fryer could likewise be clipping his own wings.

No sweat on his exit. Would be good to get an update on this drilling rig. I wonder if it is coming up from SA. Doubt DigMin have any down at Dar.