Share Name Share Symbol Market Type Share ISIN Share Description
Trans-siberian Gold Plc LSE:TSG London Ordinary Share GB0033756866 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -4.03% 59.50 338,515 16:04:50
Bid Price Offer Price High Price Low Price Open Price
59.00 60.00 62.00 58.50 62.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 46.87 13.30 8.86 6.6 65
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:27 O 33,057 60.50 GBX

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Trans-siberian Gold Daily Update: Trans-siberian Gold Plc is listed in the Mining sector of the London Stock Exchange with ticker TSG. The last closing price for Trans-siberian Gold was 62p.
Trans-siberian Gold Plc has a 4 week average price of 38p and a 12 week average price of 38p.
The 1 year high share price is 131.50p while the 1 year low share price is currently 38p.
There are currently 108,597,454 shares in issue and the average daily traded volume is 318,623 shares. The market capitalisation of Trans-siberian Gold Plc is £64,615,485.13.
creme de menthe: Its not so much the share price as the dividend or maybe special dividend?
1tarquin: Have sold my starter positions here, reason being I asked management some questions about Q4 production and why when the share price dropped management weren't showing the market this was cheap by investing out of their own pockets. To be fair I got an almost immediate response from one of the NEDs to have a call the next day which I gratefully accepted and asked for the best number and time to speak. Since then radio silence. That was about 3 weeks ago and despite following up have never had another response. Shame as I do think the value here is potentially excellent but all this unfortunately makes me think they could be hiding something. Not the sort of company I want to be invested in and feel I can trust so felt better to be safe than sorry and moved on. Good luck all.
1tarquin: Share price was high 80's just before the mineral resource update "If the gold price had been $1300/oz then what happened in q4 would have been close to a disaster" But instead it was significantly higher so not a concern
1tarquin: That is all old news and priced in. "we will be spending a lot of our cash just so we can start to get back to where we were in December 2018" I'd be quite happy if they spend a few million of cash to get back to where they were because then the share price will also return to where it was giving me a nice return on my investment.
1tarquin: Special dividends... The Group will continue to pay special dividends at an appropriate time Loss of resources... Has already been acknowledged and communicated via it's own RNS. The share price and market cap has priced that in. It's old news. Cash... Doesn't every mining company spend cash on exploration?
kevph: Given what's happened to the share price, this is very far from being a horror story. Sensible and steady as she goes. Don't think the market was expecting a special divi given the noises coming out from the recent RNSs. I hope anyway!
casual47: "So if we see resources start to increase again from exploration then the share price and market cap will increase accordingly." I don't think we will see an update on the resources from Asacha before end of the year. The forthcoming resources from the exploration/development asset will of course add value but in the medium term they won't count as much as resources from the producing asset.
1tarquin: It's worth remembering that when the gold resource was reduced the Market Cap broadly halved to reflect that. So if we see resources start to increase again from exploration then the share price and market cap will increase accordingly. For me, today's results changed nothing and the sell off is over done - they hit upper end of production guidance (as they said they would do) and the financials reflected that and the strong gold price. We need to see what the 2020 production guidance will be, the new JORC and additional drilling results. Then as investors we can make informed decisions. We've been told the collapse of the older workings in the main zone mean remnants can no longer be recovered. That to me does not sound a big deal, unless they are keeping material information from the market? I've asked the company this morning for a bit more context on the reduction in Q4 gold production and that this was a business decision rather than enforced change. I suggest other investors do the same so that we can influence the level of information we are looking for in RNS's rather than just speculating on bulletin boards.
mick1909: I think because of the small amount of free float in shares the share price can swing in high percentage in either direction of relatively small volume
bignads: Its a bit of a hit to the stomach today, but I think there's been a bit of an over-reaction for the following reasons: Strategy: I would expect that management will want to get bad news out in one go to create a floor for recovery. With the Rosniviko report and production update due this month (both of which they will know the content of by now), I would expect these to have positives. Production: we have already had indications that production will be at the top end of the 40-44koz of gold in guidance. This should show an increase on last year's production figures. Price of Gold: The last time that the share price was at these levels, POG was at $1400. Given that the price of gold has now been above that level now for much of the last six months and we now have a technical floor for the POG in the short to medium term of $1550, we should see TSG benefiting from this. (in their last interim report, they were getting just over $1300/oz on average). This should add between 5 and 10% to cash flow. Shares in circulation: Looking ahead, we now have 10% fewer shares in circulation too (at a buy-out price of 33p, that looks like clever business by the firm), which should be a multiplier in terms of dividend per share figures. Given that dividends last year amounted to over 8 cents, we should see the dividend yield being over 10% this year. In today's yield-starved world, that's pretty good going, particularly given that there's still 4 years production available solely from proven reserves at the Asacha mine.
Trans-siberian Gold share price data is direct from the London Stock Exchange
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