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SHG Shanta Gold Limited

14.275
-0.25 (-1.72%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.72% 14.275 14.20 14.35 14.45 14.25 14.40 1,732,762 15:22:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 114.06M -2.3M -0.0022 -64.86 150.04M
Shanta Gold Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 14.53p. Over the last year, Shanta Gold shares have traded in a share price range of 8.70p to 14.80p.

Shanta Gold currently has 1,051,467,684 shares in issue. The market capitalisation of Shanta Gold is £150.04 million. Shanta Gold has a price to earnings ratio (PE ratio) of -64.86.

Shanta Gold Share Discussion Threads

Showing 30026 to 30044 of 57525 messages
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DateSubjectAuthorDiscuss
24/4/2019
13:01
Anyone at AGM?
qs99
24/4/2019
12:39
All resolutions at the AGM passed which includes a share buyback.
redhill
24/4/2019
09:13
AG

No we understand its on your wish list to help your credibility but its not going to happen !

Some form of VAT repayment ,very likely.

redhill
23/4/2019
17:54
AGM tomorrow.
redhill
23/4/2019
17:27
MM's seem reluctant to mark this up at present.
redhill
23/4/2019
15:07
Holding has lost around 7o dollars where to next ?
atlantic57
23/4/2019
09:53
whoops wrong board. Sorry
tsmith2
23/4/2019
09:53
I wonder have the work overs at Plat are going:Platanillo (WI 100%): Workover UpdateThe Company continues to optimise production at Platanillo with a workover completed on Platanillo-8 to install a selective completion. This allowed an 8 foot interval of the Lower U sand to be perforated and produced with existing production from the T sand. That interval is producing in a stable manner at 820 BOPD with an expected water cut of 17%.The workover rig has now been moved to Platanillo-2, where it is planned to install a second selective completion and perforate the T sand, thus allowing both U and T sand to be produced simultaneously. This same operation will then be performed on Platanillo-7.
tsmith2
23/4/2019
09:35
looks like a move up is imminent
tsmith2
23/4/2019
06:33
ag

Undoubtedly a consensus would be that we have insufficient detail at present but we have nominated you to attend the AGM.

redhill
23/4/2019
06:12
https://mobile.thecitizen.co.tz/news/-Blueprint-execution--soon-/2304482-5081956-format-xhtml-13j873pz/index.html
tsmith2
22/4/2019
13:56
#Shanta #Gold (LON:#SHG) 6.7p, Mkt Cap £52.4m – Q1 update: net cash position to be reached mid-20
newtothisgame3
22/4/2019
13:38
The Shanta Gold company presentation from our London seminar on the 10th April is now available in our members area here:
sharesoc
22/4/2019
09:19
I have to concur with the consensus view. Whilst I haven't had a chance to go through the numbers with a fine tooth comb, I have been unable to reconcile the current figures unless you mess around with convertible repayment inclusion (at least on the cash side). I find this difficult to reconcile with the company's standpoint. To be honest, their standpoint makes more sense than their published numbers but as investors we can only go by published number. I also found it interesting in the proactive interview that he wanted to talk about the drill results first. Of course, we can read this either as a positive or a negative but the fact is we wanted to hear about the news rather than the potential news.

SHG are in an interesting position as regards production potential with the coming on line of Ilunga. I suspect, but have no empirical evidence, that a decision has been made internally to target short term production increases in light of the repayment schedule and the fact that VAT has been withheld. On reviewing the schedule, they clearly believed that the $5m repayment was achievable. But to achieve the rest will be challenging without considerably higher production. The first part of this has been achieved as they are running the plant at a greater throughout. This alone is insufficient which is why they would need to run higher grade material in place of the ROM stockpile. For this I suspect that they require Ilunga as well as BC to be producing. I will need to do a quick calculation to see the likely impact on production but it would be quite significant. This would also explain why the hedge has increased to beyond their stated 6 months production schedule which I don't recall them going for before. You have to execute this process carefully as the plant tends to be set up for a specific throughput and mix so a gradual shift would be sensible.

I stress that this is speculation but it would explain certain activities currently taking place. If this is correct then I would expect to see somewhat increased production levels in Q2 before reaching even higher levels in Q3 and Q4 with a significant hedge being maintained. If this isn't the case then I will go back to the drawing board.

jc2706
21/4/2019
15:15
Thanks Redtrend. Stay safe.
redhill
21/4/2019
14:46
Redhill - there will always be bullion on hand due to cut off. I think as bullion increased by 1m, arguably you could say like for like, net debt therefore improved by 2.2m, but still it's not quite what we were expecting and there are other movements up and down, so would need to look at it again.

Apologies if I cant deep dive it further today, I'm travelling in Sri Lanka of all places and sent those long winded posts in the very early morning just before the tragic news hit. Flying out from Colombo to Dubai tomorrow morning if we can get to airport with curfew in place.

redtrend
21/4/2019
14:17
Cheers Redtrend an excellent summary view.

To quote Eric Zurrin on Singida (08/04) - "We like to under promise and over deliver!". He is going to have a challenge to do this over the next twelve months with SHG financials, where it is going to be an interesting period to watch. My concern is any downside miss to the 'sporty' targets he has now given will be taken out on the SP, where if other junior PM stocks are a measure it is likely to be savage hit if targets are missed. Happy to be holding, but won't be topping up until I see how the next few quarters pan out.

roguetreader
21/4/2019
14:10
Ag

This may be rather misleading as i have never before seen them quote a figure for unsold bullion previously.

I agree it doesn't effect the EBITDA discrepancy but we don't have all the cash expenditure outlined in this update and requires clarification.

redhill
21/4/2019
12:10
Redtrend

Hasn't the net debt actually improved by $3.7 million if you add on the unsold bullion ?

redhill
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