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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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.theci | 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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