Shanta Gold Share Discussion Threads

[tsmith2] 29/3/2019 07:27

I am pleased with the initial feedback from institutional investors across East Africa who are seeking US dollar linked investments in support of industrialisation.Additionally, we are pleased to show our continued support to Tanzania, and hope that this IPO will offer Tanzanians a rare investment opportunity within their own mining sector.I look forward to providing further updates throughout 2019 as this unique funding opportunity progresses."Management being very astute.

[tsmith2] 29/3/2019 07:12

also local aspect will go down well with Gov

[qs99] 29/3/2019 07:09

indeed. IPO looks good to raise $20m and retain 51% presuming all equity no debt into this new vehicle, then helps justify even more the current market cap. DYOR and GLA

[jc2706] 28/3/2019 22:17

I confess that I disagree with both of you.

[redhill] 28/3/2019 19:25

Singida is stand alone.I'm sure that under the proper management it will create profits but my point is that there are better opportunities much closer to home.

[redhill] 28/3/2019 18:08

AG

The plan was always to go underground with them.

[redhill] 28/3/2019 16:47

JC2706

It is but after seeing Shanta spend an ever increasing amount of funds on open pit mining around New Luika without any shareholder return i'm a little sceptical.

[jc2706] 28/3/2019 16:42

As I said, I can understand the debt aversion currently but a low capex, high IRR, decent grade, open pit mine is, normally, one of the most attractive propositions in mining.

[redhill] 28/3/2019 16:35

JC2706

Bearing in mind where we have come from and the supposedly better opportunities in the Lupa gold fields personally i would rather they spend monies there rather than take on further additional debt at Singida.
More than happy for other stakeholders to take some risk.

[jc2706] 28/3/2019 16:28

Not sure I understand that comment Redhill. The funding is based on the economics of the mine (real ones rather than AG ones). It's open pit and the grades are fine for that. Low capex and high IRR.

[redhill] 28/3/2019 15:33

JC 2706

Really ? The grades don't seem that great for Shanta to take on extra debt.
Not at the moment anyway.

[juju44] 28/3/2019 15:22

Short lived party there

[qs99] 28/3/2019 14:27

thanks. v. interesting

[jc2706] 28/3/2019 14:22

It means that they won't give away more than 50% of Singida to have a third party bring it to production i.e. they want to maintain control. Personally I would normally rather fund it ourselves if they are confident of being able to rollover/have access to debt but I can understand the desire to reduce the risk profile given the circumstances.

[redhill] 28/3/2019 14:21

Where did all these sells come from at 1.30 ?

[338] 28/3/2019 14:19

Thanks Simpson.

What does "Max 50% equity stake at asset level will be ceded to fund Singida development" mean?

[redhill] 28/3/2019 14:19

Many thanks dangersimpson2