Shanta Gold Share Discussion Threads

[qs99] 21/6/2019 15:03

Looks like everyone has gone to the pub, hopefully more SHANTA action next week

good weekend all holders! And AG to be fair....hehe

[chipperfrd] 21/6/2019 15:02

Well said JC !!

It is so obvious (ie the gigantic size of the paper gold market) but very few on these boards appear to recognize it, and of course, the financial media certainly don't comment on it.

[338] 21/6/2019 14:59

Expecting PoG much higher beyond $1400

[jc2706] 21/6/2019 13:53

338,

The futures market dwarfs the physical market (by orders of magnitude) so any physical buying in the short term tends to have little effect on the price. It is in the longer term that it impacts it. Equally the percentage transactional value that constitutes gold buys from US dollars is minuscule in what is a $5tn a day market. Physical gold buying has very little effect on the short term spot gold price but it does over time.

The Chinese love this situation as it means they can buy up physical gold for a fraction of the cost that they otherwise would have to pay. As usual the west is sleep walking into a mess of their own making.

[deanmatlazin] 21/6/2019 13:17

we will be combining the phase 1 & 2 results into an updated resource estimate in July.

Exciting times ahead!!

[redhill] 21/6/2019 13:11

AG must be well fed up with this share price rise. Another one he has missed out on !

[338] 21/6/2019 12:43

Why the impact of PoG on physical demand is relatively minor?

More central banks shifting their reserve from DOLLAR notes to physical gold (ingot gold)...not paper gold

[jc2706] 21/6/2019 12:29

The gold market is really two separate markets - physical and futures. Whilst physical demand is ultimately reflected in the price, futures dominate the short term price. As such, in terms of the current rise, the impact of physical demand is relatively minor. This will have been driven in the futures market which can reverse pretty quickly as well if there aren't events to reinforce the rise. I suspect that a rise based on a change in Fed policy is more sustainable than middle east sabre rattling.

[338] 21/6/2019 12:17

Strikes on Iran will be catastrophic in large area of Middle east

[deanmatlazin] 21/6/2019 12:15

84000oz per year with no debt by next year + resourse increase update + Singala + higher gold price. This will be few bagger by next year. Fingers crossed

[338] 21/6/2019 12:12

PoG $1400 was predicted on 04 June...now happening

hxxp://news.goldseek.com/CliveMaund/1559668331.php

[qs99] 21/6/2019 12:03

Popped up on leader board, offer just dropped down, but makes a nice change!

[qs99] 21/6/2019 11:33

...plus of course SHG just continuing to deliver....if this means EBITDA starts heading towards £50m p.a., debt gets paid down and debt free in 2020, resources and life of mine(s) go up (July for some direction of travel is expected yes?) then why should this share not be a big old multiple of where it is now? That may allow it to also buy other assets etc etc etc...so when people talk of 45-50p, while it seems like a lot, that may only put the business on a 5-8 X EV/EBITDA range with POG lowering that with every move upwards in theory (outside of hedge, I get that, but they can buy that out if it's looking silly).....DYOR etc....

[338] 21/6/2019 11:30

US$ doomsday... More demands for gold

hxxps://www.rt.com/business/462322-russia-buys-more-gold/

[qs99] 21/6/2019 11:29

I agree JC, Iran stuff hasn't helped, but Dovish FED as weakened $ and that is a big driver, plus IMO China/Russia buying.....production hasn't kept up over years against demand....logic IMO suggests POG has to head much higher....let's see

[338] 21/6/2019 11:25

PoG $2000+ for an Oz is coming... SHG can fund Singida independently... After paying all debt

[jc2706] 21/6/2019 10:36

Whilst US v Iran has no doubt had an impact on sentiment towards gold it is not the primary cause of this particular rise. That dubious honour goes to the Federal Reserve.

[atlantic57] 21/6/2019 10:30

I suspect this will be a false dawn
For Gold USA v Iran short term issue I suspect

[hazl] 21/6/2019 10:08

Great stuff

[jc2706] 21/6/2019 10:07

It is not surprising that there are some stale bulls kicking around given the length of time we have had to wait for positive movement. But you are right, the volume should clear these out should it continue. Of course, we have the 100% brigade from the 4p/5p region to overcome but I suspect that the news coming up is likely to be pretty positive. Apart from the imminent placing that AG has been predicting for the last couple of years of course.

[qs99] 21/6/2019 10:01

been some good volume this week IMO. Wonder if these continued weak old sellers that held it down below 5p are gone?

[jc2706] 21/6/2019 09:47

I suppose you might as well be wrong for the (insert 3 digit number) time. The number is so high now that it makes little difference.