Shanta Gold Share Discussion Threads

[juju44] 29/3/2019 08:09

This is a very shrewd move , politically , if they can pull it off

[338] 29/3/2019 08:01

An IPO in Dar es Salam is politically cleaver move as the SHG need support from African institutions to develop the rest of the licence

49% share of 26,000 koz potential production worth $20 million

current production of 84,000 koz worth $130 million at least... what about other undeveloped sites?

[redhill] 29/3/2019 07:58

JC2706

Yes i was thinking along the lines of Chinese investors wanting to get a foothold in Tanzania but this other solution could work out well.

[qs99] 29/3/2019 07:56

Be nice if they could raise a little more, then get a management charge in to the new co from SHG or something to get a bit of cash back into SHG? DYOR

[johnrxx99] 29/3/2019 07:52

Good move - not increasing our borrowing, assuming they can get it away. If the can't, I hope we don't have to. A divi and reduced debt is the only way to get us really moving imo.

[redhill] 29/3/2019 07:47

Clearly the board feel they can get an IPO away on the DAR stock exchange.

[qs99] 29/3/2019 07:33

yes, good point tsmith. Hopefully this will help unlock VAT as well with that gesture rather than raising in London.

[redhill] 29/3/2019 07:32

Very clever move by the board.

It wasn't a question of going to institutional investors/banks/uk brokers.
Clearly AG you had no idea what was going on.

[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.