Trans-siberian Gold Share Discussion Threads

[ukgeorge] 05/3/2021 08:23

Firstly what a relief. I did also try to sell some yesterday but couldn't get an online bid. So instead of selling I just added 6,046 @94p.

The gold price is a bit of a dampner, but when vein 25 is back up and running costs will be sub $1,000.

Roll on a drama free rest of 2021.

[blackbear] 05/3/2021 08:20

net cash 2.7m is that all.

[peterhuber91] 05/3/2021 08:18

Very good News BUT it shows how weak mainzone is. Only 5.1 g/t with 5.000 oz per month.Expansion of zone25 vital.Peter

[jeanesy] 05/3/2021 08:14

95p was cheapest on offer , so I Declined. Although it is good news I think they will need to lower the production target this year which may present a further buying opportunity. POG is also now below 1700 which makes the new project less appealing.

[fozzie] 05/3/2021 08:10

Managed to pick some up at c93p very happy with that.

[goldenshread] 05/3/2021 07:57

Pleased with the update, with Vein 25 now open the company can resume its ever increasing gold production, the shares were trading at £1.34p on Jan 6th January.

Investors looking for high yield need look no further.

[stupmy] 05/3/2021 07:46

Well price backed away from 86 yesterday, which was welcome. Perhaps that's underlined the fall. Unless of course the fall has recently been more about POG which remains weak. It will be interesting to see how the share price reacts. More shares bought back by TSG yesterday (maybe that's why the price stayed above 86) although not very many.

[bahiflyer] 05/3/2021 07:38

FSAwatcher 'dat dont sound like certainty to meeeeee'

Dats becuz yus tick boy. Completion of the paragraph you partially quoted says'

Independent technical expert reports commissioned by the Group concluded that the rock fall was largely caused by naturally occurring geological events which were hard to predict or foresee. Ahead of the RTN investigation recommendations a preventive action plan is being devised and implemented to mitigate future risk of this occurrence, including modification of ground support protocols, new ground support applications, site inspection, staff training and development supported by geotechnical software and additional underground equipment.

[picardy] 05/3/2021 07:27

"All repairs at the site of the incident have been completed, and the Company has re-started mining operations with immediate effect."

[zangdook] 05/3/2021 07:19

Not entirely resolved, as they haven't yet received the report and recommendations, but at least we know Vein 25 is workable.

[fsawatcher] 05/3/2021 07:18

Once the investigations are completed and the recommendations known, the Company will publish production and dividend guidance for FY2021. This is expected to be on or around the end of March 2021.

dat dont sound like certainty to meeeeee

[observer007] 05/3/2021 07:12

Great news today, they can restart operations at Vein 25, the uncertainty has cleared + we now have a share buy back operation to further assist upside.

The risk is now off, current yield is 9% which looks safe.

[jeanesy] 04/3/2021 16:51

Id say the price here is holding up very well indeed. if you look at many other gold miners who have stated nothing but good news , there prices have fallen as much as these recently. Like you say its a gamble atmo. There are plenty of other mining stocks that are nowhere near as much of a gamble. these will rebound im sure in time if the problem with vein 25 can be resolved .

[observer007] 04/3/2021 16:19

I agree is is a gamble but surely the BOD would not instigate a share buy back programme if they knew operations/profits would be seriously effected.

The risk/reward situation seems pretty favourable to the upside at current levels, similar events at CMCL resulted in a temporary drift in the share price but it recovered quickly when the mine location was allowed to re-open - I was holding at the time.

Investigations rarely seriously effect production beyond a short timeframe, it is hard for folks to decide how much of the share price fall is due to the accident or the weak gold price.

[jeanesy] 04/3/2021 15:54

Every day that the investigation takes means that no production at vein 25. This will mean that production will be down. Vein 25 was helping the grades massively so that is not good news. The silence is deafening . I did hold these in high regard but the news flow recently has not instilled me with confidence. The mistake in profit reporting was really not professional. I hope all is well and production can be restarted at vein 25 asap , but until it does i remain firmly on the sidelines.

[observer007] 04/3/2021 15:31

Below is the relevant update concerning Vein 25, they said the investigation will take a minimum of 30 days dated 19th January although the incident took place on 6th January.

Based on the timelines a update must be imminent.




It is anticipated that the investigation will take a minimum of 30 days. Staff from the Company's operating subsidiary, ZAO Trevozhnoye Zarevo, are fully participating with the RTN commission.


Currently mining operations at Vein 25 remain suspended. Mine restoration works could be started by the end of January 2021. The resumption of mining operations will occur following the conclusion of the RTN investigation and compliance with its findings and requirements. Further updates will be provided in due course.

[goldenshread] 04/3/2021 12:47

No share buy back yesterday, the brokers are hardly setting the world alight in this respect.

News is needed on Vein 25 plain and simple.

The above said the market has not been kind to the resource sector over the last month, IF TSG can resume mining Vein 25 and keep production on target then the shares will bounce strongly.

A Proactive interview or some media event to give some commentary would no go amiss either.

[stupmy] 04/3/2021 12:43

That last RNS was reassuruing to me. I had previously considered 89/90 as a possible support. That's gone. Someone here recently posted that 88 was strong support, I could never see that, but did believe there was a potential area of support between 86 - 90. For the moment the share price is looking for downside. A close below 86 would appear to confirm the bear case (without news). Currently, if you take managements RNS at face value, there shouldn't be much to worry about. But it's being sold down all the same.

[planit2] 04/3/2021 09:24

Unless they introduced the buy back so they can sell a million of their own shares at 'high' prices

LOL

[planit2] 03/3/2021 17:50

@Bo
Don't agree, if they buy 1m shares and then announce that vein 25 is un-minable it would not look very good.

The RNS said the future funding was not a problem and the outlook implied everything was looking ok.

[bo doodak] 03/3/2021 15:59

Without news on the extent and cost of the vein 25 issue, and as radio silence continues, prudence dictates waiting. The alternative is gambling.

[ukgeorge] 03/3/2021 12:42

Observer, when we have positive news on vein25 that will be the case.