Trans-siberian Gold Share Discussion Threads

[johny cash] 03/7/2019 14:11

Very good.

[wanobi] 03/7/2019 14:07

out of Folsom :-) LOL cheers Wan

(sorry couldn't resist:-)

[mattjos] 03/7/2019 14:06

Looks like it to me

[johny cash] 03/7/2019 13:50

Is this the breakout?

[mattjos] 03/7/2019 13:49

I believe M&A is PM sector is going to pick-up considerably.
Whilst I believe both companies plan not to be acquired & to grow according to their own plans, one should not rule out such a possibility.

[king suarez] 03/7/2019 13:42

Thanks, Matt.

Doesn't seem a stand out case to diversify away from AAZ at present (both looking good value), but if I owned neither I would probably have 50-50 in each.

[mattjos] 03/7/2019 13:29

TSG have longer LOM than AAZ & a more simplistic royalty arrangement than AAZ's PSA.
We've been told that mining will commence from Vein 25 this month and should see higher g/t.
CAPEX likely higher as TSG is underground process with no open-pit

Will be interesting to compare again in future fin periods to see how the rising pog affects financials.

AAZ more recognised than TSG at this time but, TSG look to be just now starting to improve their PR to the market.

Both strike me as the standout juniors, paying a good dividend and growth plans to achieve mid-tier status. TSG's plan to double their production appears more obvious just now with the new licence area secured but, that may just be a news-timing issue

[king suarez] 03/7/2019 13:11

How do you rate TSG in comparison to AAZ in terms of current fair value and long-term potential?

AAZ market cap currently approx 1.5 x TSG.

If I compare the 2018 financials side by side:

Operating profit AAZ 27m TSG 18m AAZ = 1.5 x higher so on par with mkt cap ratio
Profit after tax AAZ 16m TSG 12m AAZ = 1.5 x higher so on par with mkt cap ratio
Operating CF AAZ 47m TSG 26m AAZ = 1.8 x higher but market cap 1.5 x higher
CAPEX spending AAZ 15m TSG 18m = TSG higher sustaining CAPEX?

So fairly balanced on 'profits' but AAZ generating more 'bang for buck' in terms of free cash flow AFAICS?

Is there a reason TSG capex spend is so much higher, considering production is around half that of AAZ?

[wanobi] 03/7/2019 12:33

agreed Mj was good to see some faces and they certainly came across as confident in their future :-) cheers Wan

[mattjos] 03/7/2019 12:10

Still seems completely under-the-radar, particularly given the gold price but, good to see the management starting to do some PR. That was cracking video interview

[rolo7] 03/7/2019 12:00

Nice rise up again!

[mattjos] 02/7/2019 20:29

Very professional Russian businessmen .. not talking in their native tongue. Well suited. Terrrific interview. They clearly have a plan. Most impressive

[zangdook] 02/7/2019 19:28

Slightly awkward atmosphere, the interviewer not quite gelling with two rather taciturn Russians.

[rhuvaal2] 02/7/2019 16:53

Thanks for the heads-up homebrew

[homebrewruss] 02/7/2019 14:10

Interview with proactive:

[mattjos] 24/6/2019 19:40

70p hurdle o'erleaped in a jiffy & rightly so ... still dirt cheap on historical metrics, let alone the recent equity transaction & pog.Will be throwing off cash like drunken sailor this year and next

[rolo7] 23/6/2019 20:13

Dmitry Khilov 1 million$ termination fee really from accounts!

[mattjos] 21/6/2019 13:14

Nada online again

[rolo7] 20/6/2019 08:33

Always is first hour of trading

[mattjos] 20/6/2019 08:23

Damn near impossible to buy

[rolo7] 18/6/2019 18:17

breaktwister mm going home early as swtrain strike?!

[breaktwister] 18/6/2019 16:43

What happened here going into the close? Down 5% on hardly any selling?

[momentum1] 18/6/2019 09:26

Gold up nicely again, expecting this to be a lot higher into the afternoon session, traditionally it has been a mid afternoon mover. 100p still the first target here for me.

[rolo7] 18/6/2019 08:59

I made eps to be 11.3p 2019 and 11.8p forecast with those shares gone now so pe 10 looks a nice target 113p. Using 1£=1.3$