Trans-siberian Gold Share Discussion Threads

[troy] 16/3/2021 07:36

"I am delighted to report a significant upgrade to the resources at our flagship Asacha Gold Mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha."

Nice.

[metis20] 16/3/2021 07:34

Mineral resource estimate

Total Mineral Resource Estimate (Measured + Indicated + Inferred) has increased
to 645,000 oz Au as at 31 December 2020

• +43% increase in Asacha’s overall gold resource inventory
• +61% of Mineral Resources are in Measured & Indicated category
• Vein 25 remains open at depth and to the north
• Exploration campaign remains ongoing

Including Measured Vein25S 14,000 tonnes 41 Au g/t 49 Ag g/t

[doc_oj] 15/3/2021 23:06

@stupmy: not saying it will or wouldn't but what chart are you looking at? Or shall I say how do you feel chartwise it will be 88 soon?

[stupmy] 15/3/2021 15:58

I suspect we might see 88p relatively soon. That's purely based on the chart for TSG. Not sure what news would cause that drop as POG looks ok for the moment. Anyway, on the basis of that speculation, I sold out a few days ago between 98-99.

[ukgeorge] 11/3/2021 08:58

Everything is very clear with hindsight. Hopefully confirmation later this month that everything is back to normal and the gold price heading back in the right direction will see TSG back to above £1, and then roll on some nice fat dividends.

[picardy] 11/3/2021 08:39

Looks like TSG also could not get any shares yesterday:) I told this should be back to 110p without any update on Asacha just on the back of share buyback programme. Now, with Asacha and Rodnikova news we should be back to previous highs. Yet, there were people selling at the bottom after all these news...

[inthemix] 10/3/2021 10:38

Got my 5k in dribs an drabs.

[inthemix] 10/3/2021 10:34

Got 164 shares ffs come on mm's

[inthemix] 10/3/2021 09:45

Cant buy a bean, no idea why people would sell, I'm trying my hardest to get 5k

[stupmy] 10/3/2021 09:20

I saw that, but there was no immediate share price reaction and the idea that the report on the accident still needs to be presented. Just thought it odd that share price here seems so perky without news today. I guess that report must be due very soon. Also, I speculated previously that POG was important in the drop from 135 to 90 or so (i.e. not just the accident). I guess that the wider market is hoping for a rise in POG. Let's hope 89/90 was the bottom here for now. I've had a limit buy in place at 87, that hasn't triggered obviously and I'll cancel it soon.

[ukgeorge] 10/3/2021 09:13

Stumpy the news on the 5th was huge. The company is back mining in the high grade vein which is a huge relief. The share buy back also shows the confidence the management have. All the people that sold out, will now be looking to get back in, and as you say the gold price is looking better.

Longer term the UK debt is a disaster and higher taxes, inflation and a weaker pound all look likely so gold should do well.

[stupmy] 10/3/2021 09:06

UKG, oddly enough I started trading the Gold index yesterday and have continued today. I felt the same that perhaps we were seeing the first evidence that the POG might rise. TSG share price also looking perky this morning although except for the transaction in own shares, I don't see any news.

[ukgeorge] 09/3/2021 09:55

Gold bouncing back a little, fingers crossed the bottom is now in for tsg and the gold price.

[ukgeorge] 08/3/2021 09:08

The chart is starting to look quite good, in that the down trend from January looks to have just been broken, the RSI is at 38 so a lot of room for a rebound and the MACD has just or is very close to turning positive.

[1knocker] 05/3/2021 21:19

I do not know whether TSG could be fined. Even if it is fined, that is a one off cost. Moreover, if as seems to have been the case it was a geological problem rather than bad mining practice, any fine for a 2 death collapse seems unlikely to be huge.
The real question, to which there is no hint of an answer yet, is the extent to which future mining costs are likely to increase as a result of the geological problems encountered and the steps which will be needed to mine in more challenging conditions. Until that is disclosed, it would be unwise to assume that resumption of mining at vein 25 will restore profitability to pre-collapse levels.

[ukgeorge] 05/3/2021 14:11

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.

[spacedust] 05/3/2021 10:59

We lost 35% because the mine was closed.

Mine opened immediately. We still sat at 35% loss.

Wtf. The mine accident was due nature. A bit like snowstorms and landslides and rain and wind

[jeanesy] 05/3/2021 10:59

All gold mining shares are suffering and many don't have the problems this one has had. All hinges on the POG now . No-one expected the fall below 1700 . Totally unloved atmo. The Rodnikova deposit is looking more expensive now following the fall in the POG . Costs are quite high.

[picardy] 05/3/2021 10:33

there will be a rerate, and a big one, just let the dust around the current pog settle a little bit. Still can't believe there are people selling in the 80s.

[gb904150] 05/3/2021 10:16

It's almost like it's an opportunity. A 35% discount. Just sat there. Waiting to be taken. :-)

In the meantime there was the excellent Rodnikova deposit news in for free!

[peterhuber91] 05/3/2021 09:12

Sorry; 2.500 oz per month. Let's look how it plays out with zone25 again online. Maybe only highgrading in the last months of 2020

[stupmy] 05/3/2021 08:43

I'll add at around 88. I think I will see that price on offer today.