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
  -0.20p -3.33% 5.80p 5.60p 6.00p 6.05p 5.80p 6.05p 439,990 14:00:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.5 2.6 0.5 12.7 45.08

Shanta Gold Share Discussion Threads

Showing 33676 to 33697 of 33700 messages
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DateSubjectAuthorDiscuss
24/5/2018
23:07
Scaremongering again ag. About time you gave it up as a bad job. Shanta had a VAT refund in November if my memory serves me correctly.
redhill
24/5/2018
20:40
Possibly juju . If i thought it was going nowhere i would have sold up and moved on. More than happy to add at this price as i say if production is maintained and the gold price behaves itself it will be a lot higher at the end of the year. The new management are intent on driving shareholder value and i have no reason to doubt their intentions. Rather in this one than Acacia or Petra. Just for your interest juju saying its going nowhere you could have bought at just over 3p at the end of November 2017 and sold this month at 6p. nearly 100% rise in 6 months . If thats going nowhere perhaps you need to be in Premium bonds !
redhill
24/5/2018
20:30
Red , you have been pumping this for years but its just going nowhere. dead money and missed opportunities elsewhere
juju44
24/5/2018
20:08
nice one AG. Actually what the company said was that they were experiencing delays in the recovery of historical VAT. Nothing new there then, the same as other businesses in Tanzania. All this is factored into the price of SHG and i for one can't wait to see the next quarterly update which i feel will give the share price a big boost if full production is being maintained. Its very interesting that everyday this week the bid was increased despite the selling so it leaves me to believe the MM's are trying to fill a large buy order.
redhill
24/5/2018
19:06
This is what you are dealing with in Tanzania (petra diamonds): "The miner suffered another blow last year when the Tanzanian government seized a parcel of diamonds worth $15m from its Williamson mine in a dispute over how the stones were being valued. The company warned today the lost revenue from the parcel, alongside its failure to recoup VAT from the government and other costs, would add up to $35-$40m." ------------- They certainly don't think that they are getting the VAT back!
augustusgloop
24/5/2018
14:30
Gold inching back to $1300 an oz and seems to have changed direction again. Hoping it holds now.
redhill
24/5/2018
13:17
Shakey,shakey . lol
redhill
24/5/2018
12:46
Selling is pretty relentless. It had to fall
juju44
17/5/2018
16:45
Thanks tsmith2, Useful link :-)
chipperfrd
17/5/2018
16:36
Good find. tsmith2
redhill
17/5/2018
16:02
https://www.miningreview.com/solar-hybrid-energy-tanzania-curbs-costs-shanta-gold/
tsmith2
17/5/2018
09:44
good on you.
tsmith2
17/5/2018
09:38
If gold does go lower than $1,000 - Shanta wont be around long enough to benefit from the recovery past $1,400.
augustusgloop
17/5/2018
09:28
Do think we are about to see a v v decent rerate
tsmith2
17/5/2018
09:27
Good volume.
tsmith2
17/5/2018
08:29
Whilst economic conditions are worse now in some ways than the financial crisis, in others they are not but the most important aspect is perception and the market currently sees the conditions as benign. It is as wrong now as it was then. There is not currently enough fear, panic, disillusionment and awareness around to fuel a powerful gold bull. Sentiment in the wider stock markets is not bullish enough to crash it and sentiment in gold is not bearish enough to send it significantly higher. This is why I was looking for a sharp move downwards in gold to finally flush the enthusiasm out of the market but I gave up when it appeared that gold was already on a mildly bullish trajectory. This sharp move could be lower than $1000/oz although I am not expecting it to get that low. Just think what that would do to sentiment! When the only people left in gold are the diehards then it will be the start of the rise. There are suggestions that it may be coming if the $1290-1300 zone is broken. Certainly $1400/oz looks unachievable currently.
jc2706
15/5/2018
15:14
atlantic57, I agree that nobody has a clear idea of the future. If it was easy, we would all be very rich. I was in gold (miners) heavily from about 2007 including Norseman (in fact that was by far my largest holding). Fortunately I took half of my stake out of Norseman before it dived. Unfortunately I left the other half in! VGM I steered clear of as it seemed to struggle to pull gold out of the ground in what was a pretty difficult mining jurisdiction anyway. As Chipperfrd says, gold has been a store of value for thousands of years. That doesn't mean it follows RPI precisely but over the years it will 'lumpily' achieve that aim. However, gold can also act as a safe haven. I say 'can' as this aspect is usually overstated. You would expect events like Brexit to have a significant impact if it was precisely correlated but if you look at what happened on that day you will see a sharp rise followed by a sharper fall. However, I believe that financial crises tend to be when gold comes to the fore. The rationale that led me to invest in gold miners in 2007 was on the basis of what was obviously an unfolding financial crisis and my belief that gold would be a significant beneficiary. I see a lot of similarities building up within the global economy now. I don't see it blowing up quite yet (although the pressures can be seen around the globe even now) but when it does gold will once again benefit. When gold rises sharply, miners tend to rise dramatically. I am positioning part of my holdings to benefit, Shanta being a significant portion. But it is a long end game and it could take years to pan out!
jc2706
15/5/2018
14:34
Look at the gold price graph for the last 48 years in sterling Does it look like it is presently under priced? hxxps://www.bullionbypost.co.uk/gold-price/gold-price-history/
augustusgloop
15/5/2018
14:30
Another bloody misleading post by chipperfrd, "Since 2002 gold has averaged +9.8% pa against the UK Pound. Silver averaged +8.4% pa against the Pound." Forgets to mention that in the 22 years before his start date - the POG had fallen from averaging just under £250 to averaging Just under £190 in 2002. Easy to say that something has done well if you start from the troughs on the graph. ----------------- But, yes - over the long term (maybe even 2,000 years) gold has kept its buying power. And by that standard, it is not presently under priced. Its not near an inflation adjusted peak - but its also not below the inflation adjusted average either.
augustusgloop
15/5/2018
13:55
Chip I acknowledge your comments and Your stair step system has worked for you. However gold has not reached anything like Levels predicted. A broken clock is correct twice in 24 hours. For many of us it will be to late To benefit from an upturn the time frame To lift all boats is simply to long.
atlantic57
15/5/2018
13:30
atlantic, What history demonstrates clearly is the ability of gold to retain purchasing power whilst national fiat currencies steadily erode. Using inverse CAGR formula it can be proven that since 1971 gold has averaged +8% pa compared to the USD. Over the same period Gold has averaged +8.8% pa against GBP. Since 2002 gold has averaged +9.8% pa against the UK Pound. Silver averaged +8.4% pa against the Pound. So holding the metal has clearly been good low-risk insurance against inflation. But mining companies are a wholly different situation and present a raft of different risks. For myself, I don't invest in PM miners because of any specific target for the metals. I just view a possible jump in price as a bonus if (when) it next occurs. In the meantime, I try and pick stocks that look under-valued at current PM prices. Chip
chipperfrd
15/5/2018
13:01
Jc I made huge profits in the period When gold stormed ahead. However whilst congratulating myself I was then wiped out by a series of failures vgm Norseman etc. What does the future hold it is evident That no one has any clear idea.
atlantic57
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