||EPS - Basic
||Market Cap (m)
Shanta Gold Share Discussion Threads
Showing 30301 to 30323 of 30325 messages
|Been a lot of shares bought without lifting this bid|
|Hopefully with next RNS and rising gp we will start to actually threaten a proper rating for this stock!! Have topped up sub 10p again looking for 20p+ as a start!
|Had to happen|
|Yes , what is keeping this from going up with all this buying|
|I can see them raising spread to 11.25/5 - 12 today.|
|level 2 4-1 tick up on bid coming IMO.|
|well gold is continuing its rise, should IMO provide more boosts to miners such as SHG|
|Last year the announcement came on the 19th.|
|Whilst awaiting for SHG to provide trading update this week, please have a look at REDS... I think the share price has potential to quadruple by summertime as more and more big contracts are announced. dyor|
|I agree with you Redtrend.
The markets are in red and hopefully a lot of monies are rotated in to gold shares|
|338 - I think all of the above would of course have positive impact on SP, don't think to tune of quadrupling though, but would love to be proved wrong! Hedging seems to have a largely neutral short-term impact in terms of share price sentiment.
The following could also have major positive impact through 2017, although some feed into your points:
1. Completion of Major Milestones - this will feed into more cashflow going forward and your point on lower AISC (power plant up and running reducing costs etc.)
2. Successful transition to underground mining with no impact to production (Shanta maintaining higher grade stockpile to achieve this) and thereafter potential increase in production (?)
2. Improving net debt position (major capex compete 1H 2017)
3. Completion of Singida Pilot Plant (even though only 3-8K Oz/ yr, still positive and signals start of opening up a whole new production stream) (Q2 2017)
4. Singida Drilling Results (Gold Tree 2 & 3) (due Q1 2017)
5. Updated New Luika Mine Plan & Reserves, increasing life of mine etc. (due Q1 2017)
Goes without saying gold price will have major impact on SP|
|Is the trump effect now kicking into the Gold price.
Where's dontbuuy when you need him ?|
|now is a good opportunity to hedge the sale price at above $1200 for at least 20% - 30% of 6 months production|
|5 announcements from Shanta can quadruple the sp:
1. announce the production of 2016 at upper end of forecast
2. extend the hegding beyond Feb 2017
3. more cash inflow achieved in 2016
4. higher forecast of production in 2017
5. lower AISC to be achieved in 2017
what do you think?|
|Gold rising slowly this past week or two will help.|
|Tightfist - no problem. Ag does raise some good points and based on the Interims, my estimate of exploration at first appears high. Ag is correct that 1.2m is stated for exploration, however in same interims: "Administration and exploration expenditure amounted to US$4.4 million". So I don't know where they class the Exploration Personnel, supporting geologists etc. - they may be lumped in with rest of the Admin. Even though such rigs are cheap to run these days, to add the crew + support services, I'd be pleasantly surprised if it really was as cheap as 1.2m, for all the drilling work that's occurred.
In any event, everyone has a negative or positive bias on boards, whether it's because we're invested, shorting or just wanting to be proven right.
To cut through all the noise from both myself, Ag and others, I'm personally going to focus on cashflow/ net debt position first, before looking at other info for context.
The biggest Capex will probably have happened in Q4 2016 and Q1 2017 when equip is getting delivered, milestones completed and big payments to Contractors, so it's hard to gauge if net debt position will have improved in Q4 - guess we'll find out in about a week. We should have the 5.25m silver stream funds to offset some of the Capex (as per recent RNS of 17-Nov) and Shanta did hedge gold in excess of $1,200.
I believe once we get through remaining major Capex period 1Q 2017, rest of 2017 will see a major positive change in cashflow and net debt position, subject as always to Gold spot/ hedged price.
Be interesting to compare notes this time next year if we're all still here gassing about Shanta. For now unless something fundamental changes, I'm here for long-term|
As ever it shows resilience.
Management do a good job in a tricky industry is my take on it.
|Hi Redtrend,Many thanks for your succinct summary of the mine development and exploration activities major cash flows; most helpful. I don't follow SHG closely, Toby Bradbury passed my good-guy test a while ago and (within reason) I leave it to him to run the business and deliver rising free cashflow later this year.Cheers, tightfist|
|Would expect update next week|
|Quarterly update due next week.The company needed to have produced 18100 oz to stay within guidance due to the transition to underground mining.
However i won't be surprised if we actually beat guidance by a couple of thousand oz.
I am curious to know whether we will obtain a better deal for the power station finance or actually finance it out of cash reserves. due to the increase in the gold price.|
|Well regardless of who is right or wrong the share price will not be determined
By the auditors report.
Market sentiment and the gold price are the main drivers!|
I wouldn't bother.You believe you are explaining it to a rational person who can understand accounting.
I'm sure ag has a few screws loose !|
Part of Toby Bradbury's job is explaining the financial position of SHG to the market.
If they are really in as strong a position as you believe -- do you think that he has done a good job in convincing the market.
If he had explained it to the banks -- would he really have had to pay an interest rate of 13% --- wouldn't he have been able to attain as much as he wanted at say 6%?
If he had explained how great they were doing properly to the institutions, couldn't he have raised a lot more money at a much higher share price than 6.5p?
If the financial position is as strong as you believe -- couldn't he have waited until it was obvious -- and then raised as much as he pleased (low loan costs and placing at 15p)?
If the position is much weaker you believe then making a placing at 6.5p is understandable and paying 13% interest is understandable and the accounts truly represent the trading -- and Toby is a Liar.
If the position is as you believe then paying over the top for finance and making a placing at a share price well below true value -- would show that Toby is a useless CEO.
Its one or the other!|