The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There are whispers on two more elution tanks besides a second mill to be added. I doubt the mine will stand still over the next 12 months. Also, a fair expansion programme lies ahead at GoldTree (incl UG), CornPatch and Gustav/Kaiser. See
https://shantagold.com/_resources/Singida%20Five-Year%20Plan%20Presentation.pdf
When in Ngong hills (1960) there was chatter about the riches around Rosterman (now Kakamega). All that's happened since then is the presence of 80,000+ informal mining activity numbers (mostly illegal). The grades found by Yuri since his Acacia days are not imaginary.
Seems worth hanging in for another year or two . . ..
. . . pleased to see some are doing quite well but it's not quite so pretty for those who confidently jumped in @ >100p. Unfortunately I was one who was a determined LTH when in the 60s range but switched allegiance. Keeping an open mind although satisfied on another stock with a decent yield.
A) Have they perhaps reached permitted buyback limit i.r.o. TSX regs ?; b) progress generally is pleasing; c) mildly surprised over failure to recognise how significant the size of the Vivian reservoir is likely to be - as reflected (p.19) and general expansion programme; d) cutting back on input in view of "negativity" comment. Presumably some readers are not interested in overall picture, e.g. seasonal river levels and Iquitos refinery upgrading approval.
[Have made no progress on Hal reversing the additional 25% CREST charge on divi.]
@ 10:29 - Fair enough, if directed at moi. Have been adding from 14p days but currently only add permitted £3k pa allowance to family members' a/cs . . . who will be here beyond my "sell-by" date. Although an investor on JSE etc since 1970 it is noted there were failures along the way: success is never guaranteed.
@ 07:45 - Mostly in agreement but we also have to recognise outliers. By way of illustration:
a) the Maranon basin and the ONP have had their setbacks (climatic/weather)
b) having spent considerable time in random parts, e.g. Swakop/Namib, Kenya/Tanz, Baardskeedersbos/Gansbaai (the last remaining dry rainforest) and elsewhere I don't take anything for granted
c) dependent on El Niño/La Niña, Bretana flooding can be scary
d) a favourite BC dorp, Kelowna on the Okanagan, is under threat. And my sister in SwartzBay/Victoria BC is having difficulty breathing owing to high CO2
So much more has to be taken into account these days. Apologies for the o/t.
Latest shipment data satisfactory.
Iquitos river level @ 4.43 m (today) presumably being fed by the Maranon as Pucallpa is down.
Has anyone any pearls of wisdom to offer as my expectation across the p/f remains poor for next three months.
@ 21:09 (courtesy of Sturm's link)
https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Pucallpa.pdf
https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Amazonas.pdf
A Saramuro/Maranon reference would be useful as the tributary serves the Amazon on its way to Iquitos. At Manaus the river is dropping at the rate of 8 - 9 cm p/day.
https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Amazonas.pdf
Historical records can be found by using the semester tab.
Https://nation.africa/kenya/counties/vihiga/state-suspends-gold-mining-citing-rise-in-illicit-activities-4330162
Although the next drilling results are unlikely to be affected, a comment from EZ might ease concerns. Artisanal numbers have been out of control for years.
Shipments proceeding as expected:
https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
@ 13:24 - Don't get me started on SA . . . beginning with ANC, ESKOM, SAR, toy-toying and everything that preceded it.
* Would like to write a piece on Bretaña/Vivian stratigraphy at the risk of boring everyone to death. (Perhaps best avoided) The sandstone oilbearing formation is spectacular. (260 m on the vertical, good porosity and ~40 m payzones are uncommon) 1.3million acres is going to keep us very busy although the penultimate Zapote wedge will be offlimits. (There's an old Guardian/Telegraph report on the reservation somewhere.)
** Manolo, how's the quayside and river dredging going? Would like to think the excavations/backhoeing is easier when the bank is exposed.
Ahem. Spectacular statements rom Manolo. We just have to get through the rapidly depleting upper Ucayali levels . . . Andes' rainfall resumes end-October. "3 or 4 Bretañas" to be developed across the acreage and this is after some very tepid GTE comments:
"An appraisal well named Bretaña Sur 95-3-4-1X was drilled in late-2014. The probable and possible reserves encountered by the well were low, based on which Gran Tierra reduced the 2P and 3P reserves to nil . . .".
Glory be the two GTE guys finally stood down..
Painful. Without near term WK revelations, ElizabethHill deep dive results and other SHG will remain a very slow burner. Biggest problem is retail short-termism . . . followed by insti tendency to switch to what we called "junk bonds" in the past. The ticker on US debt $trillions (and seemingly zero reaction) is eye watering.
(repeat admission of being biased)
WK development is somewhere down the track. SP weakness remains a mystery. Mark Bristow (? is he the only cheerleader) remains enthusiastic. Institutional/fund manager interest in the company is tepid. Retail investors, generally, have grasshopper attention spans. Au spot price forecasts have almost certainly been walter mitty-like. The list is endless.
It is only now that I learn one arm of the Rukwa fault runs along the lake and tapers off east of the mine. See link below. Mineralisation will therefore extend NE.
https://www.researchgate.net/figure/Map-of-the-Rukwa-rift-showing-the-location-of-the-18-August-1994-Lake-Rukwa-earthquake_fig1_250085403
https://www.researchgate.net/figure/Gold-mining-areas-of-the-Witwatersrand-basin-in-South-Africa-based-on-mine-lease-areas_fig2_297764951
The above illustrates extent of the Witwatersrand ridge. Distance Klerksdorp/Evander is nearly 300 km. Logically there is a possibility that Rukwa/Songwe has much to offer and NLGM is merely a starting point.
Remedy/suggestion: for stability up the divi. It's doable . . ..
@ 09:49 - In all probability it was a hosting issue (inexperienced techie). Manolo was likely to have been on Zoom (frequently unreliable) and Doug was using Skype. I have encountered the problem before and the operator didn't have a clue on how to fix it . . . resulting/leaving >200 of us none the wiser.