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Shanta Gold Share Discussion Threads
Showing 30576 to 30600 of 30600 messages
|Mates, please don't forget to buy CMCL that just more than doubled the profit with the eps $0.214... good dividend will be given next month|
Its hookers & fast cars to you ! :)|
|General & Administrative|
|What's G & A?|
|I reckon that was about 2 million today !|
|I see 500000 was sold earlier which is holding us back !|
Whoever ticked me down, clearly has difficulty with cash flow analysis.|
|As Sleveen notes there is still large amount of Capex this year - 33m. So the repetitive debates we had in 2016 will continue in 2017, as based on that level of Capex, I doubt Shanta will show a profit or net debt position will improve materially.
Assuming Gold at $1,250 (I know some is hedged 1,300+) and AISC of $864, you have margin of $386 x 85,000oz = $32.8m. Now this matches 2017's estimated Capex of 33m, meaning only way net debt position can improve is if Shanta's gold price achieved is $1,250+.
However 2018 through to 2023, Capex drops off considerably and AISC can be relied upon far more - net debt/ cash position should improve considerably.|
|Odey funds are now performing better. Todays rns was fantastic and im happy to continue adding at these levels.|
After such a stonkin rns|
|With a nod to our friend AG, assuming the figures are realistic then today's news is very encouraging.
Most of the capex is due this year and thereafter cash should be generated from 2018 going forward.|
|Pure speculation who has been selling but i don't see the large sell trades today so far.|
|If Odey are getting out we will be looking at the same share price in 12 months.|
|Odey has been doing terribly of late, down 50% in 2016. Wouldn't surprise if they start selling out just as Shanta starts looking like a serious business. IRR of 129% on the underground mine looks great.|
|like the news..just cracking on with things|
|Ah some good news somewhere at last.|
|Brad - that was just me speculating on Odey the other day.
As per last quarterly update he had 107,873,112 shares, so when next quarterly report gets issued next April, will be easy to compare.|
I'm glad I was topping up extensively on all these dips.
Not only is this a great update to Mine Plan, but also covers any fears I had about progress on underground mine, which can always have hiccups, as they have confirmed they remain on track with guidance of 80-85K Oz/ yr.
On top of that this is just the start - there is plenty of room to extend the NLGM mineplan further. It was only in early March we received the initial drill results for Nkuluwisi area and maiden resource for that will be due Q2 2017.
We are also still due an update on additional Singida exploration. Shanta already has a 432,000 Oz Measured resource at Singida and that's only from drilling "Gold Tree 1" (GT1) Ore body and doesn't even take into account the additional GT1 drilling released back in October to be included into the resource model. There are 9 ore bodies in total so lots of potential. The Pilot Plant to mine small amount of gold from GT1 should be online Q2 2017.|
|so is it odey selling here?|
|Business as usual here|
|back to 13p although this should be breaking new highs on that rns...|
|im in for an additional 7k this morning on a t20 so that i can stick it in my isa|
|i know it's probably the most comprehensive rns i've seen them release. I'm pretty sure we will now see some broker upgrades....it's a real company veryone look!!!! lol|
|mega RNS. Taking a long time to digest these figures.No wonder it took so long to produce.|
|i also thought 2017 production was going to be less but seems now to be improved?|