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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trans-siberian Gold Plc | TSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 117.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 117.50 | 117.50 |
| Top Posts |
|---|
Posted at 25/2/2022 05:11 by zangdook Hm. I have a little POLY. With luck the various sanctions and counter-sanctions may not interfere with payment of mining dividends, and Russian share prices will recover. But my POLY holding is under 5% of my highest TSG holding (and that was mostly recycled from HGM) so yes, we dodged a bullet. |
Posted at 08/6/2021 07:16 by zangdook "Attractive dividend" but "the Board is unable to recommend a final dividend" |
Posted at 18/3/2021 13:13 by bmcb5 "If any dividend or other distribution is authorised, declared, made or paid in respect of TSG Shares on or after the date of this Announcement, Horvik reserves the right to reduce the offer consideration by the aggregate amount of such dividend or other distribution."seems pretty clear to me 2tsg. If they pay a divi, the purchase price is likely to be reduced accordingly. Effectively, any divis are already priced in, imo |
Posted at 18/3/2021 09:09 by troy badgerYes. The offer underpins the price @1.18 Dividends are treated as per the RNS..... "If any dividend or other distribution is authorised, declared, made or paid in respect of TSG Shares on or after the date of this Announcement, Horvik reserves the right to reduce the offer consideration by the aggregate amount of such dividend or other distribution." |
Posted at 18/3/2021 07:49 by stevea171 RNS Number : 6910SHorvik Limited 18 March 2021 RECOMMED PRE-CONDITIONAL MANDATORY CASH OFFER for TRANS-SIBERIAN GOLD PLC by HORVIK LIMITED Summary -- Trans-Siberian Gold plc ("TSG") and Horvik Limited ("Horvik") are pleased to announce that they have reached agreement on the terms of a recommended pre-conditional mandatory cash offer to be made by Horvik for the TSG Shares not already held or agreed to be acquired by Horvik (the "Offer"). -- Today, Horvik agreed to acquire 44,558,918 TSG Shares, representing approximately 51.2 per cent. of the issued share capital of TSG (excluding any shares held in treasury), from the following TSG Shareholders: UFG Special Situations Fund LP, UFG Equity Opportunities Limited, UFG Russia Select Master Ltd, Charles Ryan, Florian Fenner and Petrovka GmbH (the "Selling Shareholders"), at a price of GBP1.18 per TSG Share (the "Acquisition"). -- The Acquisition will take place in two stages. Firstly, Horvik will acquire 21,437,000 TSG Shares, representing 24.7 per cent. of the issued share capital of TSG (excluding any shares held in treasury) pro rata from each of the Selling Shareholders, conditional only upon Horvik making this Announcement. The acquisition of the remaining 23,121,918 TSG Shares held by the Selling Shareholders is conditional only upon Horvik receiving clearance from the Russian Federal Antimonopoly Service ("FAS"). -- As a result of the Acquisition, under Rule 9 of the Code, Horvik is required to make the Offer, at a price per TSG Share not less than the price per TSG Share being paid to the Selling Shareholders. -- The making of the Offer will be subject to the satisfaction or waiver of the FAS Pre-Condition (as set out in Part A of Appendix I). Under the terms of the Offer, which will be subject to the Condition and further terms to be set out in the Offer Document and the Form of Acceptance, TSG Shareholders will be entitled to receive: for each TSG Share GBP1.18 in cash -- The terms of the Offer value TSG's entire issued and to be issued share capital at approximately GBP108,383,046. -- The terms of the Offer represent a premium of approximately: -- 18 per cent. to the Closing Price per TSG Share of GBP1.00 on 17 March 2021 (being the last practicable date prior to the date of this Announcement); -- 34 per cent. premium to the Closing Price per TSG Share of GBP0.88 on 4 March 2021 (being the last Business Day prior to the date on which Horvik first approached the TSG Independent Directors); and -- 26 per cent. to the volume weighted average Closing Price per TSG Share of GBP0.94 for the one month period ended on 17 March 2021 (being the last practicable date prior to the date of this Announcement). -- The TSG Independent Directors, who have been so advised by Canaccord Genuity as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable. In providing advice to the TSG Independent Directors, Canaccord Genuity has taken into account the TSG Independent Directors' commercial assessments. Canaccord Genuity is providing independent financial advice for the purposes of Rule 3 of the Code to the TSG Independent Directors. -- Accordingly, the TSG Independent Directors unanimously recommend that TSG Shareholders accept the Offer and the certainty of cash that it provides today. The TSG Independent Directors who hold TSG Shares have irrevocably undertaken to accept the Offer, as described in Section 6 (Irrevocable undertakings). -- The Horvik Board believes there is a compelling strategic and financial rationale for making the Offer: -- TSG is a gold producer in Russia and the Offer provides Horvik with an opportunity to participate in TSG's future development and growth in a key region of gold production. -- TSG owns and operates the high-grade, low-cost Asacha gold mine in Kamchatka, Far East Russia, and also owns the greenfield Rodnikova gold deposit which has the potential to provide for an extension of the life of TSG's Kamchatka operations. Horvik considers it strategically important to establish its operational footprint in Kamchatka, which is historically one of the most underexplored regions in Russia and has high geological potential. Horvik believes that the execution of this strategy is best achieved through the acquisition of TSG, as one of the key regional gold producers. -- Vladislav Sviblov, the ultimate beneficial owner ("UBO") of Horvik, has interests in a number of mining assets, including in the precious metals sector. The Acquisition and the Offer is in line with Mr. Sviblov's strategy to build a broader asset portfolio in the natural resources sector in Russia. -- Horvik is a Cyprus registered company indirectly owned by Vladislav Sviblov and is part of his wider business interests in the metals and mining industry. Mr. Sviblov's existing strategic investments include Highland Gold Mining Limited, one of Russia's leading gold mining companies with assets in the Khabarovsk, Zabaikalsk and Chukotka regions of Russia, and Ozernoye Mining Company, which is developing zinc-lead and gold-zinc deposits, as well as certain other gold mining assets and prospective deposits in the Zabaikalsk region. -- Commenting on the Offer, Vladislav Sviblov, UBO of Horvik, said: "We are pleased to announce the Acquisition and the Offer which represent a further strategic investment for us in the Russian natural resources sector. This is in line with our strategy to build a broader asset portfolio and adds to our investments in Highland Gold and the Ozernaya Mining Company. We believe that TSG has an attractive asset portfolio in the Kamchatka region and we believe that we can support TSG's future development. We are pleased to have reached agreement with both the Selling Shareholders and the TSG Independent Directors as to the terms of the Acquisition and the recommended Offer providing TSG Shareholders the opportunity to realise in cash the value of their investment at a compelling valuation. " -- If any dividend or other distribution is authorised, declared, made or paid in respect of TSG Shares on or after the date of this Announcement, Horvik reserves the right to reduce the offer consideration by the aggregate amount of such dividend or other distribution. -- The making of the Offer by the publication of the Offer Document will take place as soon as reasonably practicable and in any event within 28 days (or such longer period as the Panel may agree) following the satisfaction of the FAS Pre-Condition which relates to the receipt of clearance from FAS. -- It is intended that the Offer will be implemented by way of a takeover offer within the meaning of Part 28 of the Companies Act 2006 and under the Code. The Offer is conditional upon Horvik having received acceptances in respect of TSG Shares which, together with TSG Shares acquired or agreed to be acquired before or during the Offer, will result in Horvik and any person acting in concert with it holding TSG Shares carrying more than 50 per cent. of the voting rights then normally exercisable at a general meeting of TSG. -- The Offer is expected to complete in Q3 2021, subject to the satisfaction of the FAS Pre-Condition and the Condition set out in Appendix I to this Announcement. -- Further details of the Offer will be contained in the Offer Document and the Form of Acceptance. The Offer will be made and the Offer Document will be published as soon as reasonably practicable and in any event within 28 days (or such longer period as the Panel may agree) following the satisfaction or waiver of the FAS Pre-Condition. Subject to certain restrictions relating to persons resident in Restricted Jurisdictions, the Offer Document and the Form of Acceptance will also be made available on Horvik's website at hxxps://horviklimite This summary should be read in conjunction with, and is subject to, the full text of this Announcement (including its Appendices). The Offer is subject to the FAS Pre-Condition and the Condition and further terms that are set out in Appendix I, and to the full terms and conditions which will be set out in the Offer Document and accompanying Form of Acceptance. Appendix II contains the bases and sources of certain information used in this Announcement. Appendix III contains details of the irrevocable undertakings received in relation to the Offer that are referred to in this Announcement. Appendix IV contains definitions of terms used in this Announcement. |
Posted at 05/3/2021 14:11 by ukgeorge I guess until the report from RTN is released we will have to wait for the rerate."The Company understands that RTN is close to finalising its investigations and expects to receive the outcomes and recommendations by the end of March 2021." I'm not sure if TSG could get a fine, or what action RTN can take. The main positive is that the vein 25 can continue to be mined. So the company has lost two months of mining the high grade. We should now get some news on the revised 2021 production target. Which should be higher than 2020. TSG when mining vein 25 is going to be one of the lowest cost producers so as painful as the falling gold price is it will be hurting the marginal produces a lot more than tsg. In a year if gold is $1500 I would think the share price here will be higher. It is great that the board are clearly alligned with shareholders. Dividends, supporting the share price, and as unfortunate as the accident has been the company has been open with the market. |
Posted at 18/2/2021 16:11 by stupmy The chart for gold is very similar to the chart for TSG, but TSG drop started about a day earlier (Jan 4th vs 5th or 6th for gold). I guess the 4th was the mining accident, then a lot of the rest is related to POG. Although TSG's drop appears to be amplified (almost 3fold the 10% drop in Gold, I'm wondering if that is primarily because the accident blocked access to this high grade vein people talk of, bringing the price down to levels before excitement over that pushed them up into the 130's. After that the similarity in the charts of gold and TSG is marked. Gold was looking for further downside today and so did TSG share price I'd be careful about reading into the TSG price drop anything relating to the accident. Total speculation on my part of course. |
Posted at 03/2/2021 09:21 by redtrend UKG - in the future a placing may make sense to fund new Rodnikova deposit (1Moz at 5.3 g/t Au and 8.3Moz at 44.6g/t Ag, which would more than double TSG annual production) and allow a new II in, but at these gold prices TSG should easily finance this over time through cashflow and normal financing - TSG has never had any issues raising loans or re-financing.And we're still waiting on scoping study for Rodnikova, so it's early days and no big outlays needed. I've been in a number of companies that have changed advisors and brokers as normal course of dealing, growth etc., so not sure what examples hiddendepeths is referring to where it means "imminent fund-raising". I would tend to disagree. Arguably TSG outgrow its previous advisor Arden Partners a long time ago. Cannacord (Advisor + Joint Broker) and Panmure (Joint Broker) are in a different league and should provide more exposure to TSG in the general markets. |
Posted at 09/11/2020 17:39 by meanreverter IG payed out the TSG dividend today. |
Posted at 06/11/2020 21:10 by meanreverter Still no TSG dividend collected by IG yet. |
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