Trans-siberian Gold Share Discussion Threads

[jeanesy] 26/2/2021 19:47

still needs the result of the accident investigation. POG taking a beating too and could turn even lower.. The markets in general took a beating today

[picardy] 26/2/2021 14:27

This one is not on people's radars yet, plus today is a horrible day for gold, once it recovers this should see a very healthy revaluation.

[picardy] 26/2/2021 09:23

I think they haven't bought a single share yet, but just on this news we should be at 110p already. You really need to be against the wall to sell now, imho.

[planit2] 26/2/2021 09:15

Anyone else surprised that it only moved 3p? No one will sell at these prices knowing that the price is supported. Unless management are worried about the report due out and think they can pick shares up at 50p in 2 weeks time :O

[picardy] 26/2/2021 09:06

"The Buyback is being undertaken in a way that does not jeopardise the Company's ability to finance its operations, exploit growth opportunities or make dividend payments, all which remain core priorities."

[stupmy] 26/2/2021 08:48

I considered that also Golden, it did seem that they are not planning to change divi policy, in which case 8% plus looks compelling.

[goldenshread] 26/2/2021 08:36

Clearly the BOD see TSG as materially undervalued, they also point to the yield, so it looks like the progressive dividend policy will remain. They paid around 7.8p in dividend last year. This could head back to the £1.20 range IMO, possibly more if the buyback is aggressive from the start.

[spacedust] 26/2/2021 08:29

Yup this is welcome news. No funding required means the incident may not be serious. Over 100p and back to all time highs in March.

[goldenshread] 26/2/2021 08:19

A share buyback programme on such an illiquid stock as TSG will have a very positive effect, it looks a great entry point.

[planit2] 26/2/2021 07:54

This share is pretty illiquid and the big shareholder (was it UFG?) was unloading slowly. This is the first time in a long while that things might be a bit more balanced. I suppose UFG, if they want to reduce further (and perhaps the board know this), will be selling which will put a limit on the price but we could see them selling at 110-120. It's great news in my opinion as it gives UFG a chance to unwind, and hopefully we will get to the stage where they are not reducing any further much sooner than would otherwise be the case. Any other thoughts?

[picardy] 26/2/2021 07:31

Very good news and the company's management taking measures to restore the s/h value exactly when and where needed.

[stupmy] 26/2/2021 07:28

Was thinking the same, I think it was Hiddendepths that suggested a fundraise was likely. I viewed this mornings RNS as suggesting it is in fact unlikely. I've not increased my position yet, as I was waiting for price to break above the descending TL resistance (jan 5th/Feb 1st/2nd/16th). I could easily imagine that might happend today with the apparent removal of the idea of a fund raise. I guess we still have to see what the result of the investigation into the mining accident ist though.

[leopoldalcox] 26/2/2021 07:14

Share buyback programme - I guess that rules out a placing that someone mentioned here

[1knocker] 26/2/2021 00:36

Topped up in Polymetal today at 1449. That too is over 25% down on its ATH, and a much less speculative stock IMO. All the same, news or no no news, my finger would begin to twitch over the TSG buy button if it were to drop into the mid 80s.

[nickwild] 25/2/2021 12:14

Any news on mine closure/reopening in local press?

[spacedust] 25/2/2021 11:04

More profit the way i read it

[picardy] 25/2/2021 09:33

This should never have fallen below 100p, what's there not to like about the Rodnikova study? Very robust, the way I read it.

[spacedust] 24/2/2021 14:18

At 50p i am going to chuck in the sink as well as my underpants.

[planit2] 24/2/2021 13:20

I just bought more too. I can't wait until £12.50 LOL Hoping that the news will have underpinned the share price. Then when gold reverses and fingers crossed the veign reopens we should be motoring. Or I could be completely wrong and we will see 50p again.

[spacedust] 24/2/2021 12:30

I can guarantee that news is coming. Its impossible for no news. Topped up too will sell at 1250p

[2tsg] 24/2/2021 09:53

to top up.....or not to top up ?? Need some news.

[ukgeorge] 23/2/2021 12:46

decided to add a few 3,400 at 91.8p

[ukgeorge] 20/2/2021 10:18

hTTps://soundcloud.com/user-596578261/vsa-capital-morning-miner-with-paul-renken-190221 Small piece on yesterdays announcement

[spacedust] 19/2/2021 20:26

Kev thank goodness you're out it'll now go up for no reason. Todays rns was good. A little expensive but more profits from both gold and silver.