Shanta Gold Share Discussion Threads

[redhill] 18/4/2019 10:11

Obviously to reduce the stockpile. Silly question really.

[tsmith2] 18/4/2019 09:45

VAT recoverable is $23.5mn - do the maths!

[tsmith2] 18/4/2019 09:41

Call is well worth of a listen

The net cash position by mid-2020 does not include any upside from the VAT refund which would obviously accelerate this!

[redhill] 18/4/2019 08:33

Throwing off cash were the words Eric used but i don't see it either.Need to hear the Conference call because its very difficult to make sense of the figures shown. Was money spent on Singida ?

However i do believe the VAT issue will be resolved shortly.

[hard work] 18/4/2019 08:27

Must admit to being slightly concerned at the lack of cash generation in the quarter.
Nearly $12m EBITDA but very little cash improvement.

I'd also like to be a fly on the wall with the auditors and the VAT liability - will SHG be able to argue it's still recoverable? Needs resolving quickly.

[qs99] 18/4/2019 08:10

£53m market cap, debt free next year, if can deliver £35-40m EBITDA p.a. and extend reserves etc etc, then what multiple would you apply? 5X? DYOR but genuinely believe that with that progress over next 6 months, with IPO, then why should this not be on a decent multiple?

[redtrend] 18/4/2019 07:58

Gold sales were just over 21,000 this quarter, with production 22,000+. Gold bullion increased by $1m to $2.5m and trade receivables increased by $1m when stripping out the VAT portion.

On the move but I'll have look in detail later today when back at the laptop and after the analyst call.

[johnrxx99] 18/4/2019 07:53

Excellent update. Maintaining confidence imo.

[redtrend] 18/4/2019 07:40

Capex is estimated at 16m for the year. They clearly are on track for Capex holding none back, spending $4m.

[qs99] 18/4/2019 07:30

Pretty good results IMO....$11m EBITDA, net debt nearly below $30m, forecasting NET CASH in a year(ish)...can see line of sight to a multi-bagger IMO....DYOR and if ONLY some of that VAT would come back!!! GLA

[tsmith2] 18/4/2019 07:30

Gold production of 22,374 ounces ("oz"), comfortably on track to meet annual guidance of 80,000-84,000 oz;-- All In Sustaining Costs ("AISC")(1) of US$701 /oz, significantly ahead of annual guidance of US$740-780 /oz;

[tsmith2] 18/4/2019 07:29

If ANYONE (hint hint) has any Qs they can ask management Analyst conference call and presentationShanta Gold will host an analyst conference call and presentation today, 18 April 2019, at 09:30 GMT. Participants can access the call by dialling one of the following numbers below approximately 10 minutes prior to the start of the call.UK Toll-Free Number: 08003589473UK Toll Number: [phone]PIN: 27912935#The presentation will be available for download from the Company's website: www.shantagold.com or by clicking on the link below:https://www.anywhereconference.com?Conference=301285209&PIN=27912935&UserAudioMode=DATAA recording of the conference call will subsequently be available on the Company's website.

[tsmith2] 18/4/2019 07:26

Production up and costs down = more cash generation.AG should keep it simple

[1kiwi] 18/4/2019 07:21

Decent set of results, assays due in a couple of weeks

;)

[redhill] 17/4/2019 16:34

Hopefully upward movement on results tomorrow.