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
  0.35 3.38% 10.70 10.50 10.90 10.75 10.25 10.35 1,482,479 13:22:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 81.4 10.3 0.8 13.5 84

Shanta Gold Share Discussion Threads

Showing 39176 to 39197 of 39200 messages
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DateSubjectAuthorDiscuss
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
16/1/2020
12:46
SHG Shanta Gold eyes net cash position as production exceeds forecast https://t.co/ILp9E4F8mN
stockstracker
16/1/2020
12:32
Almost 6 million back from vat receivables & 2.7 million of it in cash...why is this not flying!!!
imnotspartacus
16/1/2020
11:36
Unfortunately not but I will listen when it is available.
jc2706
16/1/2020
11:34
Did anyone get to listen to the conference call yet ?
redhill
16/1/2020
10:59
Too true! It can be fatal when producers start to high-grade their mining. No need at these gold prices of course!
chipperfrd
16/1/2020
10:35
A good set of results. Focus on the bottom line and net debt is down 31% in 1Quarter and well on track to being eliminated during the first part of 2020. On AISC rising and production falling, I think what has happened is that the Board has prioritised steady production, and they have used lower grades this quarter because mining those is highly profitable at this gold price. Better to exploit these now then when the gold price is at 1000$/oz. So they are managing their resources and smoothing earnings over time which seems sensible. The CEO is being prudent and taking a long-term perspective. Very wise!
bignads
16/1/2020
10:35
No you didn't and no I didn't. You said: "Hard to get excited about this unfortunately" No mention of "the market", just you.
jc2706
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