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That should be enough to nudge the share price back above 100p and towards the 52week high of 132p.
Exceptional gold grades discovered at Asacha and the gold price hovering around $1800 make TSG a very compelling stock to own.
nicee big leaky buys last night, insider trading.
Yep very good - in Q2 they have produced 6,028 oz from Vein 25 alone, so add that to whatever has been produced from the Main Zone and hopefully we should get a bumper Q2 result! Q2 result should be reported in mid-july according to this RNS, so perhaps late next week?
As you mention panda grades are exceptional > 50g/t and they have also found further "veinlets" so could be bigger than anticipated: "exploration works have discovered the ore body at secondary veinlet of Vein 25, which was not previously known."
I just love the small mining sector. Given the alice in wonderland economics most of the world is pursuing then the POG provide ongoing support.
Why do I love them? Because this is one of the few examples of stocks rewarding the value investing approach. AIM has a number of gold miners. Some are miners in name only i.e. looking around for a place to start or embroiled in property rights disputes. Others have a real business. And many of them are competent. Just as competent as the big guys but if you do your homework you can invest in a spread of them giving diversified risk from geology to political except with much greater clarity on how individual operations are performing.
Given the paucity of posts on companies such as TSG the investing world has yet to wake up to the opportunity.
They are too busy bidding up pharma stocks to crazy prices.
Good luck with that!
very impressive RNS !
The fact production guidance remains unchanged for the year tells me some patience may still be required here.. but I'm very happy to be holding this and am confident in this s/p appreciating strongly thru the coming 12 months plus.. and still kinda hoping for s/p up movement decently into the 100 -150p range in the short(ish) term too..
Agreed! This is great news! Solgold also coming out with the goods today. Gold is definitely the place to!