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Shanta Gold Share Discussion Threads
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|Get your calculator out Redhill and put your thinking cap on.
Why should AISC fall so sharply between H1 2015 and H1 2016?
They are doing the same thing.
This is about the pits.
If you actually think about replacing the near surface ounces with underground ounces - all logic would say that AISC should increase.
But, anyway - the change in reported AISC was $678 per ounce.
Has Toby Bradbury been using his special accounting skills again?
How could you lose $678 per ounce for 48,237 ounces = $32,700,000?
Simples - just stop counting amortisation towards AISC.
The amortisation was $33,192,000
Add that back in and the AISC per ounce is only $10 different from last years figure - just as you would expect it to be.
I like Toby's accounting - paints a much brighter picture than that used by real accountants.|
|I think he's been on the cooking sherry again !|
|Rather more 'verbal' than the magic circle,
from a persistent poster I would say.
Just part of the establishment.
|H1 2015 gold production: 28,180 oz
H1 2016 gold production: 48,237 oz
H1 2015 POG - AISC = -$72 per ounce
H1 2016 POG - AISC = +$561 per ounce
H1 2015 stated LOSS = $8.3m
H2 2016 stated LOSS = $4.7m
Does anybody think that this is even remotely feasible?
More accounting trickery than the magic circle.|
|Tech situation still not seriously over bought. I expect some more upside in this move|
|Ha ha Gloop that made me chuckle|
|.......rather like that, `gloop!!|
|Dibs61 21 Oct '16 - 00:34 - 22908 of 22919 0 0
Augustus -.for pities sake man I'm fed up of you referring to 'Tony Bradbury'. It's TOBY Bradbury. If you can't get simple details like his name correct how can I trust your bean counting abilities?
Are you sure its TOBY?
Have you seen his birth certificate?
Given his record in RNSs - its probably worth checking.|
|thanks redtrend good synopsis|
|Regarding Acacia and their very good Q3 update today, it's worth bearing in mind they have 3 working mines in Tanzania - Bulyanhulu, Buzwagi, and North Mara
Of those, Buzwagi which produces ca. 170K Oz only has a 4yr Life of Mine left. Of course Acacia will continue to try and expand organically, however Shanta must be a very tempting acquisition prospect to fill this looming production shortfall
Personally like many here as long as Gold maintains $1,250+ levels, I can see Shanta getting to 20p+ next year. As a long-term investor, it would have to take a very good offer to tempt me to vote for an acquisition.
On net debt situation, re-reading Augustus post I do see his point. However I believe current Net Debt situation is $35.6m (Gross Debt $61.4m (remove 9.1m power plant untouched letter of credit in $70.5m figure which is not debt) - cash of $25.8m).
Additionally all 3 major Capex Projects are on track to finish Q1 2017, maybe Q2 2017 for Singida Pilot Plant - slide 20 of the presentation provided by Shanta after analyst call on their website is simple graphic showing it all. With only exploration in Q3 & Q4 2017 eating into cashflow, their should be significant operating margins flooding in|
|finally marked up!|
|agree wookie77, can't be long IMO before they get this through 15p and beyond....|
|nice spread!!! Stop messing around and Just whackI it up to 18p-20p guys stop wasting our time we all k ow it's going there anyway!|
|augustusloop has talked up the share price...please carry on|
|What’s Propelling Shanta Gold Limited to Reach 52-Week High?
Oct 20, 2016, 19:48 Pm
The stock of Shanta Gold Limited (LON:SHG) hit a new 52-week high and has GBX 20.76 target or 73.00% above today’s GBX 12.00 share price.
|can augustusloop and others going to and fro please go elsewhere and argue the toss? gets boring and annoying seeing inane non SHG chat going on and on. thanks.
As for SHG. Can't be too long IMO before this gets to a size enough to start being picked up by trackers....thoughts? either way, enjoying the gradual rise....gla|
|Wookie,... and possibly acquisitive! They certainly have the cash. Would like SHG get to around 20p before any approach is made.Cheers,Niels|
|amazing results out from acacia this morning I've a sneaky suspicion they are getting inquisitive!|
|Augustus -.for pities sake man I'm fed up of you referring to 'Tony Bradbury'. It's TOBY Bradbury. If you can't get simple details like his name correct how can I trust your bean counting abilities?
Remember, it's TOBY.|
|At least we can now understand why Tony Bradbury keeps insisting that Shanta is making a profit; whilst the accountants keep insisting that Shanta is making a loss.
Tony must have a different definition of profit.|
|Enough! FFS! Let's talk about what the company are striving for, achieving etc. Go get a life AG, or invest in SHG and win or lose, or simply move on to a share you're invested in. Please enough already.|
|'augustus tells Johnny he was very lucky to have nearly tripled his money but can't expain why'.
But I can explain why.
Institutions are not invested in SHG.
Thus the movements in the share price reflect changes in the optimism of gullible PIs.
The POG has been recently strong.
The statements by the management have been very positive lately - even if some of their numbers are pure fairy tale.
Institutional investors like facts backed up by numbers.
PIs like stories and are not to bothered about the numbers contradicting the story.
I have seen this many, many times before.
Countless times people said that I had caused readers to miss out on a great opportunity when the VGM share price bounced.
this must have happened at least 5 times with the VGM share price as it fell from the 210p (when I turned negative) to the final 2.3p.|
|Ok i've bitten.
Now here's my story.
Johnny & augustus both have £20000.
Johnny invests his £20000 in Shanta Gold @4.5p per share giving him a holding of say 444400 shares.
augustus puts his £20000 under the mattress as he doesn't trust banks.
augustus berates Johnny for making a foolish investment citing his past experiences investing in gold mining companies.
Today Johnny sells his shares @12p per share which produces a sum of £53328.
augustus still has his £20000 under the mattress and continues to berate the Shanta management bemoaning their lack of accounting skills
augustus tells Johnny he was very lucky to have nearly tripled his money but can't expain why.
10 years down the line Johnny is living in his mansion whilst augustus sleeps in his bed sit on top of his £20000 which in fact has disappeared into shreds as a rat has made his nest out of it !|
|Be joyous REDHILL - for you were the one that established Tony Bradbury's fantasy accounting methodology!|