Shanta Gold Share Discussion Threads

[qs99] 20/6/2019 18:54

POG heading for $1,400, hopefully that can be sustained and new levels consolidated at.....DYOR

[qs99] 20/6/2019 16:36

agreed. Good evenings all, let's hope we can keep above 7p at the very least haha!

[cf456] 20/6/2019 16:26

Shanta Gold reports best drill results in 15 years from Bauhinia Creek

[juju44] 20/6/2019 15:58

QS you always get some profit takers after a good rise. I am sure the trend is up

[jc2706] 20/6/2019 15:43

It is clear that the price of gold is a very strong influence here but there are other potential drivers, namely:

- debt repayment
- Q2 results (I suspect that these will be pretty good as they seek to optimise revenue flows for debt repayments)
- resource/reserve statement
- life of mine increase (as a result of reserve upgrade)
- dividend policy
- Singida finance

Clear the debt and start returning capital and this will be multiples of the current price in a strong gold bull market. With the grades being encountered at BC there is the potential to be more flexible with the mix to either include lower grade material or go for production growth as it is required.

[qs99] 20/6/2019 15:36

why juju would there be any big sell off after that RNS and JORC expected July? VAT news possibly, ongoing unwinding of hedge and decent production (hopefully) and de-leveraging of balance sheet, with ACA settlement with TNZ possible in next few months>? DYOR

[hazl] 20/6/2019 14:56

Ah juju 's here, likely to be a negative post, but you can't keep a good man down as they say!


SHG!

[juju44] 20/6/2019 14:09

BIG sell off now . Can it hold some gains

[hazl] 20/6/2019 12:30

What a super chart.... so glad I held onto some of these!

[jc2706] 20/6/2019 11:42

A good move today but if this breakout is confirmed then it will only be the start. The grades released today are exceptional and look to be defining a zone of very high grade mineralisation that will be targeted. No better way to improve production levels than to improve grade.

[nielsc] 20/6/2019 09:41

If Ag ever buys Shg then you know it's time to sell :-)Cheers,Niels

[jc2706] 20/6/2019 09:36

That's better.

[qs99] 20/6/2019 08:52

Will market every wake up to the potential of SHG I wonder? Let's see;....maybe with £100m market cap + it may hit a few more radars....DYOR

[juju44] 20/6/2019 08:36

Gold has broken through resistance in the 1350 - 1375 area . Keep 'er lit

[qs99] 20/6/2019 08:34

Think the grades are strong and depth/breadth of the find is interesting and still being proved up. The July JORC they intimate at will be very interesting. DYOR

[jc2706] 20/6/2019 08:29

I am feeling rather bullish this morning. Perhaps we need AG to come on and dampen the mood.

[jc2706] 20/6/2019 08:28

I think that this will go beyond 45p if we truly are entering the next gold bull. But we need to be a little cautious on the gold price. It needs to break through this zone (the upper limits of which I would put at $1400) and stay there to convince that it is starting the next major lift higher.

[jc2706] 20/6/2019 08:26

The share price is responding but I suspect it is more to do with the gold price than the grades indicated in the drilling. I wonder whether people realise the transformation that can happen here given a stronger gold price. Obviously it provides extra revenue but this pays down debt to de-risk the business, provides capital to increase the exploration programme, opens up more capital raising possibilities and eventually leads to the potential for returning capital to shareholders which is the main thing that boosted the AAZ share price.

[nielsc] 20/6/2019 08:23

Juju,Surprised you didn't mention the hedges that will be in the red. ;-)338,Love your 45p target!!!10p would be nice for starters. :-)Cheers,Niels

[juju44] 20/6/2019 08:03

Great grades - will it drive up the share price ?

[jc2706] 20/6/2019 08:02

Fantastic grades this morning and suggests that there is an awful lot more at Bauhinia Creek to come with grades improving at depth.

Or to put it in AG terms - dreadful news.

[338] 20/6/2019 07:46

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