Member Info for viable

Are we distinguishing between USD and TZshilling?
1USD = TZS2,320
S40bn = $17,241,380
40 billion is 40,000,000,000

I'll rely on the actual settlement agreed.
And it's highly likely three local employees were culpable.
No need to get hysterical.

https://www.miningglobal.com/supply-chain-and-operations/anglogold-ashanti-split-assets-create-new-uk-company

I have my own opinion on the way forward for SOLG although it does not conform to any general thinking on the bb. We have had ~1 m views on the company over the last 10 years. Very little of it stood the test of time and the over-optimistic forecasts leading up to 16 October have been a lead balloon. Something ground-breaking may take place after 19/10, but unlikely. Porvenir might prove to be exceptional. Who knows . . ..

In all likelihood, I missed what could have been said on AngloAshanti. Surprising considering it is still the third largest goldminer. Obviously some stuff still passes over the heads of many. I don't know what the eventual outcome will be other than note we are meandering instead of solving a pressing objective before going on to the next. Yet granted I quickly concede a necessity for proving up remaining tenements before Ecuadoreans review legacy.

https://www.miningglobal.com/supply-chain-and-operations/anglogold-ashanti-split-assets-create-new-uk-company

Biased but a caution anyway. Generally never invest in any SA stocks. BEEE alone determines one's decision and the country is steadily unravelling. I shall not embark on an off-topic subject. The only relevant point is to draw attention to AngloAshanti Gold (recalling A-A/Oppenheimer halcyon days) who now, I think, have sold all their SA mines. They have had enough. The relevance is they are looking internationally and Shanta is very much on their shopping list.

https://twitter.com/shanta_gold/status/1317086226038640644?s=21

Looking for a spot of good cheer after noting my SOLG holding has started to become rudderless.

https://nation.africa/kenya/counties/vihiga/new-study-revises-gold-deposits-in-western-kenya-downwards-2482942

Nothing new about it but worth revisiting. It does, however, appear to slightly push any production ambitions to a later date

Big flop.
Big blocks meaningless.
And they continue.

A raft of late trades after the bell, combined with other offloads today, is inexplicable.
Unless they were internal deals.
I'll certainly be checking the airwaves @ 07:00 tomorrow.
Does one cancel the day's meetings if it turns out to be a momentous 8 hours?
How many millions are now on MM books?

Have noted that the MMs are loading up with modest quantities @ 20p.
It's possibly due to preparation for interim results.
It would therefore be reasonable to assume the current offer of 20.08p is not going to change downward to any degree today.
Shall be adding when able to do so, having made a faux pas on UFO @ .15p plus a couple of others

Don't overreach until the funds and IIs have exhausted themselves.
Take note of the Morningstar data as @ 30/09/20 and do likewise on 31/10 and 30/11.
There's plenty of time here before NLGM and Singida come on stream.
The situation will ease if US houses plus others climb aboard.

Looking back on today's "dumps" there were -
14-Oct-20 16:38:24 20.00 250,000 Sell* 20.00 20.50 50.00k
14-Oct-20 13:04:01 20.00 120,000 - 19.50 20.50 24.00k
14-Oct-20 11:39:21 20.0155 150,000 - 19.50 20.50 30.02k
plus a couple of earlier blocks. Generally the only detectable quid pro quo is a fairly constant 50k block buyer. The chart pattern could continue in similar fashion to the last few months . . . even with exceptional news. The SP should probably have risen more over the last three days than it has done in view of the circumstances.

If the company should be fortunate enough to reach 400k oz pa in the next 2+ years there could be some happy investors in the camp.

{Enough has already been said on GLR, SOLO and VAST. Also there was a recent comment on HUM, I think. Better not add anything else on the matter.]

It's been a poor show. We really know how to punish ourselves.

https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-di/dividends

CEY - Historical returns. I might go for it.
This is the type of return I'm looking for.
Can Shanta match it, starting next year?

@ 13:45 - Well, five analysts, who make a living from their specialty, can't be wrong. I just hope my own thoughts are way out of line.

Although not definitive yet I might have erred thinking there was credibility in aggressive behaviour from the majors. Surely by now we would have had some indication of their intentions. Bristow has been the strongest voice for Tier One project search but it has to date led nowhere.

My best take on the subject is SOLG have so many prime tenements they are not going to have the ability or punch to handle more than one. Logically it would be Alpala where all building blocks are in place and a 700+ workforce is well established. The bulk of it has been trained from scratch and key positions are being filled along the way as required.
La Hueca, Porvenir, Bianca, etc will be proved up and shelled out to the highest bidders. The Ecuadorian government possibly set it all up as a precondition.

NM has been rigid in the idea of taking the flagship project to development stage. Granted he is not inflexible. We should remember, however, that some ambitious individuals have a vision. He is one of them. And he did say 10 years ago that he would develop a $2bn. The statement is rooted in my head.

With the current bid @ 38.032p on a penultimate watershed date, whereas it should be on its way to the 50s, the marketplace seems totally underwhelmed. Believe me, I would like to be seriously wrong with this opinion.

Performing quite strongly this morning until R&M, SC, etc are let loose again.
Pity about SOLG having another dog day thus far.
Have written to Shanta on a few points. Will summarise reply here if there is one.

Remarkable. Whatever got into people's heads this morning defies logic. I seldom time things right but thankfully added another £2k @ 36.52.

I might have been able to add here at the bottom. Anyway it seems to be recovering again and could well have returned to a sensible level by tomorrow.

Listened to EZ and LL. I think EZ was speaking from Kakamega. Very professional.
Initially 145 m excavation cut.
439 employees
$681 /oz costs

Bid = 20.06p

sparster - You will surely get your 20p+ by midday but SC, R&M, etc are likely to drag it back.

I note we are entering new territory SP-wise.
Should be on my way to work but want to hear what EZ has to say @ 09:30.

Shanta of course could by that time be re-absorbed by Barrick. Acacia were looking for an open-pit specialist (i.e. someone like SHG) to partner two years ago.