Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited 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
  -0.25 -2.36% 10.35 10.00 10.70 10.55 10.35 10.35 904,369 08:00:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 81.4 10.3 0.8 13.1 81

Shanta Gold Share Discussion Threads

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DateSubjectAuthorDiscuss
20/1/2020
12:45
most if not all the sells are buys at10.59 as ihave just tested the market,and bought they are down as sells! hamp.
hamp
19/1/2020
22:42
Best shares for January 2020 Royston Wild: Shanta Gold With gold prices having charged through the psychologically critical $1,500 per ounce marker in chirpy end-of-year business, the stage could well be set for more meaty gains in January, I reckon. And what better way to play the gold bull run than by buying shares in Shanta Gold (LSE: SHG)? It’s a bullion digger whose share price boomed around 55% in 2019, and yet one whose low forward P/E ratio of 6.8 times still suggests that it’s undervalued. Shanta Gold isn’t just a play on the strong metal prices of the moment, though, with accelerating production (which was up 15% in the third quarter at 22,726 ounces) giving extra reason for stock pickers to pile in today. Royston Wild does not own shares in Shanta Gold. Https://www.fool.co.uk/investing/2020/01/01/best-shares-for-january-2020/?source=uhpsithla0000002&lidx=3
risa5
19/1/2020
12:12
thanks....bodes well for major re-rating IMO over and above this year's rise....DYOR.....
qs99
18/1/2020
22:33
Shanta to enter net cash position in 2020 16th January 2020 By: Creamer Media Reporter East Africa-focused gold miner Shanta Gold says it is well-positioned for another strong year, after having exceeded its production guidance for 2019. It produced 84 506 oz of gold in the 12 months to December 31, above the guided 80 000 oz to 84 000 oz. All-in sustaining costs (AISC) for the year, at $779/oz, were also in line with guidance of $740/oz to $780/oz. During the last quarter of the year, Shanta's New Luika mine, in Tanzania, was successfully connected to the Tanzania Electric Supply Company's (Tanesco's) power grid, following the construction of the required infrastructure. The connection to the grid is expected to give the mine access to low-cost power supply that could help Shanta access lower-grade ounces by lowering overall costs. The connection to the grid also diversifies the mine's available power sources. The mine will initially draw 10% of its power requirements from the Tanesco grid and this might increase to 25% at a later date. By December 31, Shanta's net debt stood at $14.3-million, the lowest in the company's history. Shanta said the decrease was achieved as a result of prudent cost containment and a strong gold price. “The company has achieved a number of important objectives in 2019, with gold production exceeding guidance and net debt expected to soon move to net cash," CEO Eric Zurrin commented in a release published on Thursday. The gold miner expects to produce between 80 000 oz and 85 000 oz of gold this year, at an AISC of $830/oz to $880/oz. The higher AISC will mainly be driven by the reintroduction of higher-cost supplementary openpit mining from the Shamba pit. Meanwhile, the company has set its exploration budget for this year at $5-million, an increase of 65% year-on-year. Exploration remains focused on the existing mining licences, as well as regional targets in the Lupa goldfield. Http://www.miningweekly.com/article/shanta-to-enter-net-cash-position-in-2020-2020-01-16
risa5
18/1/2020
22:07
Shanta Gold to clear debts in 2020 as production rises Snapshot Tanzania-focused gold miner 2019 production rises to 84,500oz Proposal to IPO Singida asset to raise US$20mln for construction How it's doing Shanta Gold Limited (LON:SHG) comfortably beat its 2019 production forecast even with reduced output from the New Luika mine in the fourth quarter. The Tanzania-based miner produced 19,550 ounces (oz) of gold in the last three months taking the yearly total to 84,500oz, 500oz better than the top of the guided range. Head grade in the last three months was 3.8 grammes per tonne (g/t) compared to 4.5 g/t in the previous quarter, while costs were also affected by an overhaul of its power station generator. For 2020, Shanta expects to produce between 80,000-85,000oz at a sustainable cost of US$830-880/oz. Strong cashflow currently being generated will clear the group's debts fully during the year. In the New Luika mine area, exploration drilling at Bauhinia Creek North and Elizabeth Hill North has intersected mineralisation over sizeable widths, suggesting significant potential for additional resources to add to the mine plan Shanta said in October. Singida float Plans to float its Singida gold mining asset in Tanzania on the Dar es Salaam stock exchange are progressing. The gold miner wants to raise US$20mln to develop Singida, with the IPO documents now lodged with the Tanzanian authorities. Shanta will retain at least 51% ownership of Singida and will operate the project with the money to be used to start production and for exploration to expand the resource. Newly published project economics suggest production will average 26,000oz per annum for an initial six-year period. Singida will cost US$16mln to get up and running and a further US$3mln in working capital but the investment is expected to pay off as the project has a net present value of US$31mln and an internal rate of return of 67%. A life project cash cost of US$794/oz is well below the price of gold. Shanta sees “significant further upside” for the project with substantial resources – around 344,000oz – currently sitting outside the project economics. Watch the interview Inflection points Details of Singida IPO More VAT repayments from Tanzanian government Gold price continues to rise Resource upgrade from drilling at New Luika satellite deposits Blue sky Production above 100,000oz takes Shanta to next level in league of miners Additional acreage around New Luika and Singida can boost output even more Proactive Investors 16 Jan 2020 [...]
risa5
18/1/2020
21:50
If everything goes to plan we should be debt free by Q3,What is a realistic dividend to expect assuming the price of gold is $1550?
phippsy1
18/1/2020
09:22
It's amazing non of the investment sites have mentioned the VAT...shh!
imnotspartacus
18/1/2020
08:10
What a great investment this has been this year! Looks rearing to go .
hazl
18/1/2020
04:42
VAT has already decreased substantially and is expected to continue to fall. Would be foolhardy to write this off in my opinion.
redhill
17/1/2020
23:55
Q4 Financial Summary -- Net debt(1) (excluding VAT receivable) of US$14.3 m (Q3: US$20.7 m); -- Unrestricted cash balance of US$3.5 m (Q3: US$5.0 m); -- 5,348 oz of bullion available for sale at the end of the Period (Q3: 3,022 oz); -- Liquidity available for draw down from Exim working capital facility of US$2.5 m (Q3: US$2.5 m); -- Forward sales reduced to 40,000 oz (Q3: 43,000 oz); -- AISC(3) of US$902 /oz (Q3: US$723 /oz); and, -- VAT receivable decreased to US$21.8 m (Q3: US$27.4 m) including US$2.7 m of cash refunds.
risa5
17/1/2020
20:28
JC - $6m refund?? I think your calculator needs a new battery. I only see $4.8m in 2 years. Over the same 2 years Shanta has paid over $14m in VAT, so the debt has grown by over $10m and is growing by $600,000 a month. "VAT refund of US$1.4 million in the form of a cash payment" Https://uk.advfn.com/stock-market/london/shanta-gold-SHG/share-news/Shanta-Gold-Limited-VAT-Refund-Received/81053914 "VAT refund of US$3.4 million, which is made up of a US$1.9 million offset against corporate taxes payable in 2016 and 2017 and a cash payment to the Company of US$1.5 million" Https://uk.advfn.com/stock-market/london/shanta-gold-SHG/share-news/Shanta-Gold-Limited-VAT-Refund-Received/76042386 "Monthly VAT outgoings have been reduced to approximately US$600,000 per month and maintaining a lean business has been key to dealing with these continued cash outflows" Https://uk.advfn.com/stock-market/london/shanta-gold-SHG/share-news/Shanta-Gold-Limited-Final-Results-for-the-year-end/79364467
trader365
17/1/2020
17:25
Kennyp52, I would be very surprised if that was included. They very clearly want to highlight the VAT to be returned and when you have just got $6m back, why would you write the rest off?
jc2706
17/1/2020
17:21
It was good to see that the rise today was maintained up until the close. Bodes well for Monday.
redhill
17/1/2020
17:07
kennyp52 Very unlikely in the foreseeable future bearing in mind that it appears to be reducing again now. Also net debtors & creditors have never been included in this calculation.
redhill
17/1/2020
16:20
This stands out to me ... Q4 Financial Summary ยท Net debt 1 (excluding VAT receivable) of US$14.3 m (Q3: US$20.7 m); If the VAT was recoverable why would you exclude it ? The point remains ... are they going to have to write this down at some stage ??
kennyp52
16/1/2020
21:25
NICE PIC Balance sheet continues to strengthen. Net debt decreased 55% during the year. EBITDA of US$47.7 million in 2019 https://t.co/ILp9E4F8mN
stockstracker
16/1/2020
19:47
So having listened to the conference call; they are playing down the VAT refunds for obvious reasons but that is massive for the company. Looking good...well done Eric.
imnotspartacus
16/1/2020
18:39
I hope you're right Redhill
imnotspartacus
16/1/2020
15:52
I would sincerely doubt that the Government would refund all of the VAT or allow it against corporation tax all in one go. This is not just SHG we are talking about, it is across the board so a large sum. The Government effectively gets very cheap funding and they will only release that gradually. I would expect small amounts refunded over a period of a few years rather than in one lump.
jc2706
16/1/2020
15:51
Expect a VAT update come April. From the today's presentation on their website... 21 April 2020 Q1 2020 results: deleveraging and VAT update
goodgrief
16/1/2020
15:45
During the conf call it was clearly said that they had received clearance to use only a certain portion of the VAT against corporation tax: there is currently nothing in hand which corroborates that it will be useable in full. Whether the company is being a bit vague about it is because they are still negotiating with the Gov't or whether it is a lost and damaging cause I do not know.
echnaton1
16/1/2020
15:28
I have got to give credit when credit is due. Well done to Eric with regard to his announcement that there would be some movement on the VAT situation. I was hoping for more but it is a start and hopefully it will continue this year until it is all paid back one way or the other. The one downside is that the VAT was reported in a rather blasey manner when it should have been one of the highlights .
jasper2712
16/1/2020
13:26
Imnotspartcus It will soon. Just consolidating after recent rise.
redhill
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