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| Announcement Date | Type | Currency | Amount | Ex-Dividend Date | Record Date | Payment | |
|---|---|---|---|---|---|---|---|
| 20/9/2023 | Dividend income or Cash Dividend | GBP | 0.001 | 02/11/2023 | 03/11/2023 | 27/11/2023 | |
| 29/3/2023 | Dividend income or Cash Dividend | GBP | 0.001 | 04/5/2023 | 05/5/2023 | 17/7/2023 | |
| 05/9/2022 | Dividend income or Cash Dividend | GBP | 0.001 | 20/10/2022 | 21/10/2022 | 24/11/2022 | |
| 10/5/2022 | Dividend income or Cash Dividend | GBP | 0.001 | 16/6/2022 | 17/6/2022 | 15/7/2022 | |
| 27/8/2021 | Dividend income or Cash Dividend | GBP | 0.001 | 07/10/2021 | 08/10/2021 | 29/10/2021 | |
| 02/3/2021 | Dividend income or Cash Dividend | GBP | 0.001 | 08/4/2021 | 09/4/2021 | 30/4/2021 |
| Top Posts |
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Posted at 26/3/2024 06:59 by rivaldo Questor essentially concludes that the increased bid isn't enough....."Shanta Gold Whether a 10pc increase in the offer price from bidder and global conglomerate ETC Holdings (Mar 19) is enough to sway shareholders in Shanta Gold (SHG:AIM) remains to be seen. If the deal does go through at 14.85p a share, with a dividend of 0.15p a share on top, we will bag a total return in excess of 50pc (Questor, Jan 10, 2023). Given this column’s dismal record with junior miners, would be more than enough to keep us happy. That said, we can see why some shareholders may feel that even the higher bid represents a bit of a low-ball price. It equates to a market value of £156m for a firm whose net assets are £133m , according to the last set of published results. They were the first-half figures for 2023 that were released back in September. That price tag implies a price-to-book, or price-to-net-asset-v However, Newmont’s (NEM:NYSE) bid for Australia’s Newcrest in 2023 valued its target at 1.7 times and there is a good possibility of Shanta Gold growing its book value in future, should retained earnings flourish as expected, thanks to both increased output from its New Luika and Singida mines in Tanzania and an all-in sustained cost (AISC) of production of $1,200 (£949.26) to $1,400 an ounce. With gold trading at $2,175 an ounce, profits should start to pour out of the ground, if all goes to plan, and the metal’s price stays firm. There are caveats to this. Newcrest is a much more mature and bigger operation than Shanta, with 2.1 million ounces of annual gold output at an AISC of $1,093 at the last count and the stock offered a higher dividend yield than Shanta’s before the acquisition by Newmont. Investors are also always likely to place a higher multiple on operations in Canada and Australia relative to ones in Africa, for geopolitical reasons, even if Tanzania is one of the most politically stable nations on the continent, in contrast to say Mali or Burkina Faso, where coups in 2021 and 2022 continue to weigh on investor sentiment toward gold diggers such as Resolute Mining (RSG) and Endeavour Mining (EDV). Intriguingly, EQT’s bid for Shanta is the latest in a growing list of merger and acquisition deals in the gold mining industry. Barrick Gold (BAG:NYSE) swallowed up the then FTSE 100 constituent Randgold Resources in 2019, when Newmont snapped up GoldCorp in 2019. Agnico-Eagle (AEM:NYSE) and Kirkland Lake Gold merged in 2021 and then in 2023 Agnico-Eagle and Pan American Silver (PAAS:TSX) bought and split up Yamana Gold before Newmont pounced on Newcrest. The New York Stock Exchange’s Arca Gold Bugs index is trading no higher now than it did in November 2003, when the gold price was $390 an ounce. Gold mining executives are clearly paying attention to this disconnect, judging by the rash of deals, even if stock markets are not, and we are therefore happy to keep faith in both Egypt-focused Centamin (CEY) and Resolute Mining. Shanta Gold’s 2023 results are due on Thursday (March 28) and the shareholder vote on the deal takes place the week after, on Thursday, April 4. Questor says: Gold miners could be primed to shine." |
Posted at 25/3/2024 12:18 by theapiarist RichgitWhilst you and others have been "sitting on your investment in SHG" gaining perhaps 7% in the last 4 months, other mining stocks have been rising by multiples of that figure. The Patels have effectively frozen the SHG share price in aspic, rubbing their hands in glee as the value of the company rises to much more than the 15p that they may get it for. Meanwhile, the gold bandwagon has left the station leaving many SHG investors stranded on the platform. |
Posted at 21/3/2024 13:28 by jasper2712 Just contacted iWeb and this is what I received back from them"we do not auto send these to all holders .you have to specifically ask us to flag your account so you do receive these..the majority of our customers have no interest in voting so we set the default setting for no voting details to be sent" You would think it had been written by the Patels! Will now have to sit on the phone until I get this sorted out. As for the dividend - was it increased by the board before the takeover? I assumed we were due the usual 0.1p and the 0.15p was a dividend to bee paid if the deal went through The Patels at this moment in time do not hold the purse strings of the company - so they cannot offer this dividend unless they assume control. Jumping the gun a bir I would say |
Posted at 21/3/2024 09:49 by stevea171 21 March 2024Shanta Gold Limited ("Shanta", "Group" or the "Company") Permitted Dividend of 0.15 Pence Per Share Shanta is pleased to announce a dividend of 0.15 pence per share will be paid on 26 April 2024. The associated record date is 2 April 2024, and the ex-dividend date is 28 March 2024. |
Posted at 05/3/2024 21:18 by stevea171 TheApiarist. I held 2 million plus SHG but have reduced to 250k now as I believe the gains to be made here are very limited whereas the gains on selected under valued goldies in this gold price take off is multi bag territory.I placed some of the funds released into SRB and THX. ........... Mkt Cap Sp Today Sp 1 week. Serabi SRB. £42 million 56p. +16%. 40k oz producer this year, 60k oz next year, no net debt. Thor Ex THX. £88 million 13.5p. +32%. 100k oz producer, no net debt from H1/24. Shanta SHG. £140 million 13.3p. +1.9%. 100k oz producer. So the possible 12% gain going back into SHG over the next 4 weeks (15p revised offer) can be made in a few days if good choices are made in alternatives. There is no way I'll be repurchasing the SHG shares I've sold as I'm much better off in the alternatives which have good prospects, massively under valued sp's and are likely to outperform SHG by a country mile! |
Posted at 01/3/2024 20:37 by stevea171 I retained part of my holding here and voted 'No'.As to the idea that PI's who sold down or sold out are now going to buy back higher to get maybe 10% on a repurchase (15p offer) I think that is wishful thinking. I placed some of the funds released into SRB and THX. .......... Today: 3 days. SRB. 52p. +6.1%. +8.4%. THX. 12.2p. +8.4%. +20%. SHG. 13.3p. +0.7%. +1.9% So the possible 10% gain going back into SHG over the next 4 weeks can be made in a few days if good choices are made in alternatives. There is no way I'll be repurchasing the SHG shares I've sold as I'm much better off in the alternatives which have good prospects, massively under valued sp's and are likely to outperform SHG by a country mile! |
Posted at 20/12/2023 19:35 by mhin2 What I find interesting isKetan bought SHG at 17p a few years ago, before SHG were in such a position and, then, needed to raise funds. Since the raise SHG has made phenomenal progress, to the point that SHG are almost debt free with a low asic; better Tanzanian corporate environment; West Kenyan assets under the belt (proving to be very promising with the geologist in charge intimate with the area) and rising gold price....oh lets not forget Singida and 100,000 ozs of gold per annum. There has been the issue of hands on Crispin Odey (Boris' mate) Scandal. The RNS intimates that London exchanges undervalue assets ie SHG is valued at 40%less than a few years ago. The notion that Londons assets are undervalued is a point made by many ...to me it indicates our `city folk' are offering bargains (or dont care, dont know)...why? `City actors' have agendas other than valuing companies- they are short term finance driven -more interested in enriching themselves via opportunities arising from `insider' financial opportunistic behaviour. Makes sense to takeover on the cheap, and take private....after all a bargain is to be had...lets see if others can enter the `feeding' Good luck to the East African Asians! Rishi Sunak et al wont be displeased However, lets see if the Chinese enter the fray. Given the dollar is being printed homeopathically ...a gold backed currency is ever more enticing (as is Bitcoin) |
Posted at 20/12/2023 16:39 by impossible123 I believe SHG has been sold on the cheap to a newly formed company associated with one of the directors of SHG. I also believe shareholders have been cheated of further reward from the exciting project in West Kenya.SHG shareholders assumed all the risks bringing Singida into production. And, just as this was beginning to deliver a consistent and regular cash stream alongside NLGM, and paying down debt to less than $5m SHG was sold suddenly. The share share price was about the present level when a Chinese firm and another showed interest - no Singida. Then, management indicated the value of SHG was significantly more. But, now despite having brought Singida into production with a regular revenue stream, and proving up West Kenya further management have accepted a measly cash offer of 13.5p. I find this abhorrent; SHG shares might be illiquid at times but this cannot be used as a valid excuse to sell at 13.5p or 13.65p (including dividend). |
Posted at 24/11/2023 13:12 by stevea171 MM's collecting a few shares for offloading on Monday when the SHG dividend is paid and some holders invest in extra shares? |
Posted at 18/11/2023 11:13 by stevea171 Oct 26. @MylesMcNulty. I have been a buyer of @shanta_gold #SHG in recent days (10.5p-10.7p).Gold is flirting with $2,000 again, and there are obvious geopolitical triggers that could see it move much higher in the weeks and months ahead. For me, SHG is the best investment proposition out of the gold miners in the UK micro-/small-cap space. Brokers have it trading on 2x EV/EBITDA in 2024... using a gold price of $1,800. To note, SHG's production is 100% unhedged. On holiday now, but will cover thoroughly when back next week. Oct 31. Annualized EBITDA at current gold pricing sits at $80m+, against SHG's enterprise value of $143m. [The business should also move into an net positive cash position over the next few weeks.] If/when gold really breaks through that all-important psychological barrier of $2,000/oz, investors will be seeking out high quality and cheap gold miners in their droves. I personally think that that 'when', is very shortly, and have thus positioned heavily in SHG. On the near-term news flow front, mgmt has indicated that there'll be drilling updates from each of the two Tanzanian mines, as well as the West Kenya deposit, between now and Christmas so plenty to look forward to and drive market interest. The selling pressure has been relentless for some time now; but with Shanta's Tanzania mines outperforming expectations so splendidly (especially the new mine, Singida) re: both output and AISC, and with gold sitting near ATHs, I suspect volume will pick up soon enough and eat through any remaining overhang. N.B. not something to base any investment decision on, but Shanta did receive three preliminary approaches this time last year, including possible bid discussions that would have been entirely in cash from two separate major Chinese gold miners. |
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