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% 3.50p 3.25p 3.75p 3.50p 3.50p 3.50p 365,196 07:51:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 86.8 -3.5 -1.2 - 26.81

Shanta Gold Share Discussion Threads

Showing 32401 to 32424 of 32425 messages
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DateSubjectAuthorDiscuss
21/11/2017
09:20
The important question is: Why would a company with access to $13.5m of cash and available bank loans -- delay payments to their suppliers to such an outrageous extent? They would surely only delay paying their due debts - if they knew that they would need this money in the coming months. ----------------- This is yet another example of them saying that they will generate loads of cash -- whilst their actions are in everyway consistent with them expecting a severe cash shortage in the coming months. Such actions included: Sacking Toby Bradbury Raising $14m in a placing The $10m Exim bank loan Employing the man as CEO who organised the last financial restructuring. Not paying suppliers Deferring Director payments. A full strategic review - including losing 30% of the workforce.
augustusgloop
21/11/2017
09:10
Redhill, I don't know how you can dispute the logic: In the interims - they owed $8.1m to suppliers. In the Q3 report they state that this has increased by $4.4m Thus at Sept 30th they owed $12.5m to suppliers (/contractors). Everything supplied by external companies is subject to 20% VAT. None of the VAT owed was repaid in the quarter. Thus since the outstanding VAT increased by $1.8m - the amount of goods bought from suppliers must have been $9m in the quarter. Hence, the amount owed to suppliers is equal to 4.3 months of invoices from the suppliers. It is simple maths -- unarguable.
augustusgloop
21/11/2017
09:08
Hi Niels, That figure is pretty close to the 12,711 December contracts transferred from the Comex to London via private EFP agreements. Brings the total Dec EFPs to c. 44,572 (138.6t) as we run into the close of the Dec17 gold contracts. But there are still 268,091 December contracts open (833.9t) with just 8 trading days to go before settlement begins on the Comex. It all looks a bit desperate! Same with silver. Still 15,238 tonnes of open interest due for settlement from end of this month even with 651 tonnes of EFPs transferred to London. The 15,238t of silver is equivalent to around 50% of total global production in the 'real' world. You could not make this stuff up! What an enormous fraud this paper scam is and the financial press, regulators, et al, just ignore it all. Chip
chipperfrd
21/11/2017
08:20
12128 contracts dumped in one minute yesterday. Almost 38t of gold. By the looks of it the price is only down by about $10. The paper gold market is such a fraud. Cheers,Niels
nielsc
21/11/2017
08:15
"....... it is likely that many of the non-preferential suppliers will have been waiting 6 months for payments." and some
tomrob
21/11/2017
07:55
One broker has reiterated 16p TP following this: DYOR but encouraging signs IMO....
qs99
21/11/2017
07:37
Yes and i bet there are fairies at the bottom of your garden ! You really are a nutcase ag.
redhill
20/11/2017
20:50
o/t MASSIVE after hours RNS at PREM PREM $1b revenue pot vs £20m cap. small placing of 125m shares at todays close. that will be traded within an hour tomm. ZULU is an absolute monster no doubt about it PREM will go bonkers tomm just Like ZIOC and GGP recently have
timw3
20/11/2017
20:22
AG - given your pass form, I really don't want to be learning definitions from you. besides I'm more than able to look up definitions myself.
tsmith2
20/11/2017
20:09
tomrob, They are probably selective with which suppliers they pay on time. We can work out how much they spend on average per month from the rate of build up of the VAT refund - this averages about $1m per month and so indicates a spend of $5m per month to external companies. On the 30th Sept, they owed about $12.5m to suppliers -- thus their average time of payment from invoicing is 2.5 months = 75 days. But, they may have to pay their large suppliers (oil and chemicals) quickly and so the time taken to pay contractors and small suppliers could indeed be many months - as you indicate.
augustusgloop
20/11/2017
20:02
tsmith, the definition of bailout is: "an act of giving financial assistance to a failing business or economy to save it from collapse." This certainly applies here - but is unusual in that the financial assistance was money that was 'illegally' being previously withheld by the government.
augustusgloop
20/11/2017
18:16
Let's hope they update on clearing the backlog of payments to suppliers, including former suppliers, I imagine* many of those who have overdue payments that are many, many months late will be among those who have been replaced in the name of cost savings. Great for you shareholders, not so good for those in the supply chain. *I also imagine they haven't been terribly forthcoming about their supplier payment record with the new suppliers who are coming in with these cost savings, making payments on account because you can't secure credit terms is pretty awful for cash flow.
tomrob
20/11/2017
16:48
Just seen tweet. More updates to come it says
tsmith2
20/11/2017
16:30
Sellers dominant again today
juju44
20/11/2017
11:58
how is it a bail out when the government pays you what you've been chasing them to pay of what you owe?Augustgloop - get a life..
tsmith2
20/11/2017
10:45
I have already said that they will be able to keep trading past the 10th Dec -- because the Govt bailed them out by returning $1.5m of the VAT refund. This will keep them going into the new year. It should be obvious that this payment was specifically meant to allow SHG to continue trading -- otherwise, why would the Govt have made this concession now -- and only to SHG?
augustusgloop
20/11/2017
10:36
The P&L matters not, it's whether they will be insolvent on 3rd or 10th Dec as you have stated or will it actually be a case of their Net Debt position improving in this Q4 17, setting up for a transformative 2018. I will not hold my breath for you admitting you were wrong if they are still a going concern post 10 Dec
redtrend
20/11/2017
09:59
Looks like H2 will have losses of around $14m. [The $2m in H1 as a comparable + $5m restructuring fees + $1m extra taxes + $2m lower production + $2m additional underground costs + $2m for not normalising the cost of production from development ore.]
augustusgloop
20/11/2017
09:38
cmon Shanta management, let's get out there and start drumming up some serious City interest to get these shares back to double figures and a decent rating!! DYOR
qs99
20/11/2017
09:19
Any broker updates on this? Can't find any?
qs99
20/11/2017
08:30
silly prices, no slack overhang cleared suspect AG will too shortly
tsmith2
20/11/2017
08:29
just bought a few more, I agree, excellent news and a small purchase produced a nearly at offer price so IMO few more buys and we are off (he says hopefully after many false dawns!) POG holding up well should help IMO...
qs99
20/11/2017
07:37
haha, indeed. Cost savings look like IMO they could be a lot higher as only half way through supplier/contractor review. Why could they not be running at this cheaper level anyway, does beg the question! All positive and another VAT refund amount or offset would be another good boost....DYOR and all IMO...
qs99
20/11/2017
07:29
Don't tell ag we are still trading !
redhill
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