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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shanta Gold Limited | SHG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.01 | 0.07% | 14.75 | 08:00:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.70 | 14.66 | 14.78 | 14.75 | 14.74 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 17/4/2024 11:59 by richgit c'est la vieFinal Post I had an initial future Target Price of 40p. I believe West Kenya to be worth 20p alone. No point in a Post Mortem now,yet such considered Opportunism will doubtfully happen to other Gold stocks as Investors finally wake up (slowly) to Gold`s confirmed Bull run that I had no doubts would Happen. Alas.Those that sold this down at one Point to 8p had no such Foresight. Gutted-with at least a Profit and now forced to try and find other Shanta Gold`s |
Posted at 04/4/2024 16:35 by redhill Looks like a quarter of a million shares were never voted presumably from private investors but of course all the institutional investors came on board enmasse. |
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 23/3/2024 13:05 by noobiedoobie What I can say about SHG re: DV is that price has been going up while DV < V, which means MMs have not made any £ from casual investors. They only do that when DV > V and MMs are 100% here to make £ from us. So a failed bid may either prompt MMs to actually drive a breakout which they've been suppressing due to the restrictive nature of the bid offer or they could reset on medium term and then carry on normally making market in response to newsflow and general investor jiggles and niggles |
Posted at 17/3/2024 20:28 by randompath Phillis - you realise I can read, right? And you realise this board is in chronological order, right? You were NOT asked for an opinion when you proffered your thoughts on the need to vote whilst also admonishing the intellect of posters on the lse board. In fact, quite the contrary - as you well know, AFTER you had given your unsolicited opinion on this matter, you were only then asked a question. Nice try conflating your responses after being called out for spouting nonsense.The reason I'm posting replies to some of your comments at all is because you risk leading other private investors astray. I happen to have a decent investment in Shanta, so am keeping a close eye on developments. I read the boards with interest. I think I have a reasonable understanding of what is going on but it irks me when you post rubbish dressed up as unimpeachable facts. I'm sure some people check in here just fleetingly and might be misled by the conviction of your posts, especially on important issues such as voting. I'm merely trying to ensure fellow investors don't get led astray by your erroneous brain farts. In response to your question, I have made no comment about Berenburg. Your aggressive posts implying I/others don't understand matters is a bit strange, especially when you have repeatedly demonstrated that it is you that lacks understanding. Speaking of prior posts though, the only interaction we've previously had revolved around delisting rules. You claimed (wrongly) that in the event of a 50+1 takeover, the BOD surely will delist and I told you this was not correct as AIM rules require 75% shareholder approval for delisting to occur (same % as for the scheme of arrangement to pass), so this was another example of you posting uninformed bs. Perhaps you could cool it a bit and stick to actual facts? |
Posted at 08/3/2024 03:39 by lowtrawler IMV it is possible the price will increase beyond 13.5p if the hedge funds buy at those higher prices. It would indicate to other investors a forthcoming higher bid.IMV it is not sensible to buy at current prices unless you believe there will be a higher bid. In the event that the bid disappears there will be many short term investors looking to sell. The entire board will need to be replaced and the absence of competing bids will suggest there is no near term prospect of another bid arising. Logically, the bid will have been rejected for undervaluing the business and the higher gold price would likely support a share price of 20p+ but the immediate impact of a failed bid will be a sharp reversal in the share price If you don't believe there will be a successful bid, now is not the right time to buy as you can reasonably expect to buy cheaper following the failed bid.The only argument against this position is to believe the hedge funds are not currently accumulating in response to the bid but because they see the 20p+ fair value and intend to hoover up any shares being sold. If so, it would be the hedge funds appetite supporting our current share price and nothing to do with the bid. This is the view being expressed by chestnuts but it is not a view I share.There is no certainty here. If you believe the bid is supporting the share price and believe a higher bid will succeed, you may want to buy. If you believe the bid is not driving the share price and it is hedge fund appetite, you may want to buy. If you believe the bid is supporting the share price and will fail, you may want to sell. Only you can decide what you believe. |
Posted at 28/2/2024 16:24 by adelaide21 The disclosure, in compliance with Rule 8.3 of the Takeover Code, mandates a transparent declaration of interests in relevant securities exceeding 1%. This rule ensures that market participants are well-informed about significant shareholdings that might influence company direction or takeover possibilities. Samson Rock's disclosure, detailing its holdings without any engagement in derivative transactions or other dealings, presents a straightforward investment stance. The absence of complex financial instruments or arrangements in this declaration suggests a direct and potentially long-term interest in Shanta Gold's success.Market and Stakeholder Implications The revelation of Samson Rock's stake in Shanta Gold could have wide-ranging implications for the market and other stakeholders. For one, it may influence other investors' perceptions of Shanta Gold's stock, potentially leading to increased interest and investment in the company. Moreover, it could signal a phase of strategic maneuvers within the mining sector, as firms reassess their positions and strategies in response to Samson Rock's move. For Shanta Gold, this investment could provide a boost in confidence among its shareholders, suggesting strong investor belief in its value proposition and future growth prospects. In the dynamic and often unpredictable terrain of the mining industry, investments of this scale are closely watched by market participants. They offer insights not only into the strategies of individual firms like Samson Rock Capital LLP but also into broader market trends and sentiments. As the landscape continues to evolve, the impact of such investments will undoubtedly be a topic of keen interest and analysis among investors, analysts, and industry stakeholders alike. |
Posted at 17/1/2024 19:42 by phillis It has however been great for recent investorsAre there any real long term investors left who haven’t already sold? |
Posted at 20/12/2023 09:49 by richgit I am speechless.This is an opportunistic stitch up in the ultimate interests of certain investors. The whole Phrasing reminds me of Certain activists (many years ago) suggesting Signet Group Investors would never see 23p (lol lol ). We can only hope that someone else sees the Price,and Bids higher. That in itself would be a stitch up -albeit at least a Better one. Oh -How have Blinkered Investors to the "True Gold story" -led us to !!! IMHO GLA |
Posted at 09/11/2023 15:39 by master rsi Gold: Rebound on the Horizon as Yellow Metal Nears Key SupportBy Fawad Razaqzada Commodities / Nov 09, 2023 13:45 Markets have been very quiet in the last couple of days, with the lack of any major data causing stocks to drift higher, extending their recent trend, while the dollar has drifted back higher following last week’s data-driven sell-off. As a result, gold and silver have weakened so far this week. But are we now going to see a recovery? Will the dollar resume lower amid the peak US interest rates narrative? Attention will be on Federal Reserve chair Jerome Powell, who is due to speak, as well as US jobless claims data. Will Recent Drop in Bond Yields Support Gold Prices? Precious metal bulls must be frustrated by signs of weakening prices in recent weeks, following gold's notable 7% increase in October and silver's comparatively modest 3% rise. Gold's upward trajectory last month was primarily attributed to the surge in demand for safe-haven assets, prompted by the escalation of the Middle East conflict, leading investors to shift away from riskier investments. Despite a surge in US bond yields to their highest point since 2007, gold managed to rally. However, although bond yields have since sharply decreased at the beginning of this month, this has not yet positively impacted gold prices. Investors seem to have favoured stocks and bonds over gold due to the latter's lack of dividends or interest and the associated costs of storage. Moreover, with global signs of peaking inflation and gold prices hovering close to their all-time highs, some investors have been hesitant to purchase gold at recent levels, opting to wait for a more substantial price decline before making a move. Nevertheless, with the decline in yields, potential buyers are keeping an eye out for opportunities to make a move. Yields could move further lower in the event upcoming US data on the economic calendar disappoint expectations. On Friday, we have UoM’s consumer sentiment survey to look forward to. Next week, we have US retail sales and more importantly, inflation data on Tuesday. For two consecutive months now, US inflation has surprised to the upside. In September, annual CPI remained unchanged at 3.7%, defying market expectations of a slight decrease following an even larger surprise the month before. But if we see a larger-than-expected drop in CPI this time, then it will further boost the “peak interest rates” narrative and potentially hurt the dollar and underpin gold. It is also important to monitor economic indicators from China, the world’s largest gold consumer. As well as industrial production we will have retail sales data to look forward to in the early hours of Wednesday from the world’s second largest economy. Recent Chinese macro pointers have shown some improvement. We will need to see more evidence of a turnaround for yuan and local stocks to recover more meaningfully. Gold should also benefit from any positive surprise in Chinese data. Therefore, it's crucial to remain vigilant for a potential bullish reversal as both gold and silver approach critical support levels. In my opinion, silver exhibits greater potential for further upside compared to gold at this juncture, given the fact that the gold-silver ratio as started to decline again from a key resistance zone circa 87.25 to 88.00 area. That said, gold, too, could be on the verge of a rebound, as it tests a key support area here… |
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