Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold 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
  +0.375p +3.09% 12.50p 12.25p 12.75p 12.625p 12.125p 12.125p 2,618,375 16:07:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 65.0 -12.3 -2.5 - 72.87

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Date Time Title Posts
23/10/201615:08New air of urgency at Shanta Gold22,925
06/10/201619:40Shanta Moves From Explorer To Producer!22
23/10/201510:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201116:30Gold Exploration in Tanzania6,630

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Shanta Gold Daily Update: Shanta Gold is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 12.13p.
Shanta Gold has a 4 week average price of 10.94p and a 12 week average price of 10p.
The 1 year high share price is 12.63p while the 1 year low share price is currently 4.63p.
There are currently 582,923,201 shares in issue and the average daily traded volume is 1,464,076 shares. The market capitalisation of Shanta Gold is £72,865,400.13.
augustusgloop: 'augustus tells Johnny he was very lucky to have nearly tripled his money but can't expain why'. But I can explain why. Institutions are not invested in SHG. Thus the movements in the share price reflect changes in the optimism of gullible PIs. The POG has been recently strong. The statements by the management have been very positive lately - even if some of their numbers are pure fairy tale. Institutional investors like facts backed up by numbers. PIs like stories and are not to bothered about the numbers contradicting the story. I have seen this many, many times before. Countless times people said that I had caused readers to miss out on a great opportunity when the VGM share price bounced. this must have happened at least 5 times with the VGM share price as it fell from the 210p (when I turned negative) to the final 2.3p.
338: let's invite ag to tell us a bedtime story about "Johnny"... to push SHG price higher tomorrow morning... lol
augustusgloop: Redhill, here is an interesting pattern that I have noticed during my time as a private investor: Without exception, every company where I argued with other posters about the meaning of the financial statements contained in RNSs --- have either gone bust or have a share price that is down by at least 50% (usually much more). But nearly every company that issued simple financial statements - clearly consistent with standard practice -- now have a share price that is HIGHER than it was 5 years ago. Is this because - Directors that understand basic accounting and have basic literacy skills are better at running companies? Or is it because the dodgy directors wrote deliberately misleading statements to hide their shortcomings?
redhill: 4marlin If they had let the situation run on it would eventually have affected the share price so it was in the best interest of all to settle it quickly and its worked out very well. Forget the ramblings of ag who has had his fingers burnt in the past with other goldies and seems determined to run the company down in order that he might feel better. Once this underground portal has been completed & ore extracted the share price will be a lot higher.
augustusgloop: Redhill, completely wrong. If JPM & GS want to keep a 'balanced' book - same real number of outstanding contracts - then they have to adjust the price to make supply and demand equal. So if there is bad news for gold -- there will be an excess of sellers at the present POG - so JPM lower their offer price until there is as much purchase demand as sales demand. The price adjustment is the result of their reaction to buyer / seller imbalances. Of course they do not exactly balance their trades - they have a fluctuating position. [But this fluctuation is orders of magnitude less than the numbers that chip keeps providing.] Its just like dealing shares --- the SHG price fell because there was more seller than buyer demand at the higher POG ----- it did not fall because the company issued new shares yesterday. Every trade had both a buyer and a seller --- just because this balances doesn't mean that the market can not move, or that market makers soaked up a position change.
chipperfrd: A glance at the Kitco gold chart above indicates that the cartel are fully in charge of price today on COMEX. Not surprising with option expiry on both COMEX and LBMA this week, as well as the Oct Gold contract which needs heavy reduction by Friday. Shanghai is just tracking down and maintaining a smallish US$2-3 premium. I don't suppose they will mind picking up more oz at lower prices. So looking like a poor week for the PMs after all. Lets see how things look next week once the Yuan is part of the IMF SDR. Although it may well just be another CB non-event - at least in the short term. So far the SHG price has ignored short term gold volatility - as it should in a rational market. Lets hope it can hold firm until a new month might offer a more buoyant PM price. Chip
risa5: Shanta board must explain their hedge policy. The only barrier preventing share price from going up is the silly low hedge. We have been on a LOSING STREAK for the past 4 quarters and now they have done it again, another LOSING hedge well below current gold prices. As long as they keep selling the gold at a low price the share price will stay low.
nielsc: Hazl,Exactly. My buys in the 4 and 5p range have done very well. Bought quite a few higher, but overall happy with SHG progress.I believe we are in a gold market bull and SHG share price should start to reflect this as they become less hedged.Perfect gold and silver slam today on do doubt ropey data.Cheers,Niels
nielsc: atlantic, We may have to wait until until the interim results or even full year results before this moves. Either that or the gold price surges upwards past $1400 per oz to get a reaction from the SHG share price. Cheers, Niels
chipperfrd: re Red Kite: It makes no real sense for them to take over the shares, warrants and GBG JV entitlement - and to then sell down their 12m shares into what would be a declining share price due to their overhang. At most they might get £2.4m back. They would lose: - upside potential from the shares - potential value-added from the warrants getting 'in the money' at 35p - 12m of possible JV payments by SHG before the end of 2014 If you put it all together and take an assumption that the SHG share price will rise with production over 2013 then they will stand to gain (at say 40p): - £2.5m uplift in shares - £0.6m uplift from warrants - $4m of expenditure on JV properties by SHG by end of 2013. For further improvement in SHG price there would be commensurate uplift to their equity. So no, I don't think Red Kite stand to gain from selling down their holding. On the contrary I think they have much to gain by supporting the company and the JV. But just an opinion. Chip
Shanta Gold share price data is direct from the London Stock Exchange
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