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
  +0.00p +0.00% 11.25p 11.00p 11.50p 11.25p 11.25p 11.25p 1,015,462 07:54:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 65.0 -12.3 -2.5 - 65.58

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Date Time Title Posts
30/9/201618:55New air of urgency at Shanta Gold22,591
08/2/201612:50Shanta Moves From Explorer To Producer!21
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 11.25p.
Shanta Gold has a 4 week average price of 10.27p and a 12 week average price of 9.26p.
The 1 year high share price is 11.38p 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 1,561,372 shares. The market capitalisation of Shanta Gold is £65,578,860.11.
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
redhill: It was May 2009 when Shanta last drilled at Singida and the total resource at that time was 1,031,926 ounces. That was a limited drilling campaign as funds were extremely tight. How much if any of this is priced into the share price. You could easily make the case for an additional 10 year mine plan based on these old numbers. The big question ,how much per oz will this cost to extract and will we be looking at a company mining nearly 200000 oz per annum in a few years time. Exiting times ahead especially with gold at the present price.
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.
the sherman: If SHG didn't break 10p today (Thursday), I'd be a tad worried that the market has doubts about value. That's two attempts now to break 10p. Wookie77 is quite right in that Gold is range trading, as are many gold miners and it will take a meaningful POG breakout upwards to give SHG the momentum that it requires. Until that happens, I don't see major upward movement. What else is going to be the driving force to push it, unless we get a concentration of broker ratings or a few big player buys to focus the market, always possible. We have already had Finncap's re-rating and it hasn't provided real momentum today. I would be delighted if I am wrong of course. I apologise for being a bit downbeat, however the positive side of holding SHG is that share price will be quite resilient to a POG breakout in a downward direction thanks mainly to hedging. We have already seen much more resilience to POG falls than most other gold miners. I am in the camp that in the medium to long term, POG will move upwards to new highs. I am not however so confident as to direction in the short term. If Trump were to win the US Presidency in November, I think we will see a Gold spike. However in my personal opinion, he would, if he becomes president, prove critics wrong and could spur US industry into serious growth, albeit US centered to the detriment of the wider global economy. These are my personal thoughts for what they are worth, but may not be far wrong.
nielsc: The Sherman:Yes I remember you posting a long time back. Thankfully the management at SHG is now very different. Hopefully we will see the share price continue to improve over the next couple of years.Hazl:Gold volatility may be high, but I believe it is now on an upwards trend ?Chipperfrd:Very simplistic reading of the COT report indicates the bullion banks have lost control of the price with net commercial short in both gold and silver increasing. Short squeeze/reset on the cards?Cheers,Niels
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
wookie77: Shanta share price is been behaving differently to anytime i have watched it in the last few years. Aside from going up!! We are moving up on low levels and continutally Level 2 looks weak (supposedly) but yet share price bid offer spread and actual bid offer tells a different story. Either we have something about to happen or a large buy order is on the book.
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
the sherman: Don't be fooled by the seemingly lethargic share price movements here right now. IMO these are the final days that this share will be available in it's current 24p to 25p, mid/low twenties price range. Investors are a little slow to buy here due to a couple of "false starts" in the past, however, think about it, when first Gold pour is finally announced, investors will jump in here quickly, more broker ratings will follow, and anyone can guess where the share price is headed once that happens. That course of events is likely to take place any time soon. DYOR. Others like to agree/comment? I already had a sizeable holding here and have just moved my full ABG holding also into SHG. I believe ABG is too sensitive to Gold price flutuations whereas SHG is more sheltered at this stage. SHG share price appreciation over the next few weeks/months is not going to be down to Gold price fluctuations but on the back of a more fundamental event; a company moving from exploration project phase into a completely new production/sales phase in the life of the company. Remember that SHG income projections were based on an assumed Gold price of $1200/ounce so there is plenty of head room here. Even if USA QE3 does not occur (and I would not like to pin all of my investment decisions on it) and world debt problems ease much quicker than expected, $1200/ounce worst case scenario is still safe for a long time. Again DYOR, I am just sharing how I feel.
Shanta Gold share price data is direct from the London Stock Exchange
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