Trans-siberian Gold Share Discussion Threads

[observer007] 03/3/2021 12:32

Management referred to the progressive dividend policy recently and there is no sign the dividend will be cut.

Looking at last years RNS statements they paid 8p a share, the yield therefore is outstanding.

It looks cheap and oversold, there is also support from the ongoing and recently announced £1m share buyback.

At the very least £1-£1.20p is a near term target.

[fuiseog] 03/3/2021 11:14

Gold's 8 month low yesterday could continue with rising bond yields and the USmarket expected to rise further due to Bidens stimulus efforts. Creatingtop up opportunities here for divi followers.

[goldenshread] 03/3/2021 08:00

The shares recovered late yesterday and the share buyback has been very modest to date, looks like the share price will continue to gain strength.

This is a very decent entry point IMO.

[goldenshread] 02/3/2021 13:28

Shares are starting to bounce, they have fallen a long way from the £1.34p reached in January.

IF they maintain the same level of dividend this is an outstanding entry point, if Vein 25 'issue' is resolved current buyers will be very well rewarded.

[ukgeorge] 02/3/2021 13:04

likely silly but had a top up at 91.4p

[grimreaper2019] 02/3/2021 09:01

Strong chart support around 88p, RSI is in oversold territory also.

It should bounce fron these levels, could be a good entry point, can they pay another 8p dividend, if so the yield is a mouth watering 9.75%

[broken_arrow1] 02/3/2021 08:30

The £1m share buy back would suggest all is well, sellers at these levels may be kicking themselves soon enough.

The sector is rather beaten up currently due to the dropping gold price but gold looks oversold and is due a decent bounce.

TSG paid 8p a share dividend last year, recent comments from management suggest this is secure for 2021.

[jeanesy] 02/3/2021 08:15

A poor show imo. Another reason to wait until the accident investigation report. I am surprised these haven't fallen further so far .

[goldenshread] 02/3/2021 07:21

However profit before tax remains unchanged.

The key here is news about Vein 25, a update is surely due.

[planit2] 02/3/2021 07:16

That is a pretty bad mistake for no one to have noticed, either inside or outside the company for 6 months.

They can probably pick up some shares cheaper now.

[goldenshread] 01/3/2021 21:41

I would hope the share buy back programme will be somewhat more aggressive than the 1st day of operation where a somewhat measly 47,600 shares were purchased in 3 lots spaced widely apart.

I cannot believe there will be many sellers around current levels as the share price has been trading over £1 for the last 6 months, the buyback should start to drive a re-rate.

It would be great to hear about the the outcome of the tragic events at Vein 25, if the company are cleared to proceed operational activity then the share price will clearly spike.

Hopefully news will come sooner than later.

[planit2] 01/3/2021 20:31

TSG's RNS said their remit says they can buy back 10% of the shares in issue.

They have said they will buy back 1m shares if the price paid averages £1 so the fist day was about 5% of the total.


Separately, they must know how the report is progressing into the accident in the mine.

Now if they thought the report was likely to be bad they would be purposefully buying shares at a price that will be higher than in a couple of months which would upset shareholders. The opposite is also true which is they should take advantage of a low share price whilst they can and this is the most likely reason they have started buying now.

They must feel that they have enough money to fund the new project as it is required.
The must also think that they are unlikely to get a large fine or other sanctions.


As mentioned before there were other confident comments in the RNS. In my opinion the above reduces the risks substantially. Hopefully they can buy up all the 1m shares at this price and then the RNS comes out saying the investigation is over.

:)

[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.