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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
  -0.05p -0.94% 5.28p 5.10p 5.46p 5.33p 5.28p 5.33p 80,000 11:30:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.5 2.6 0.5 11.1 41.04

Shanta Gold Share Discussion Threads

Showing 35026 to 35049 of 35050 messages
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DateSubjectAuthorDiscuss
14/1/2019
12:48
According to Shanta they have reduced their VAT outgoings but they are still "losing" $600,000/month. Until this is resolved they should hold back on any divi. VAT now stands at $20m. Everything else looks good , it is the Tanzanian Government that is causing the problem.
jasper2712
14/1/2019
07:49
P.s. on dividend policy and I know it's only a "policy", but even a policy feels like 12 months too soon and would prefer organic growth and progress on Singida. I should add on Capex they provided the estimates at Indaba conference in Feb 2018, so any updated Capex may not be included in the Q4 2018 presentation but let's see.
redtrend
14/1/2019
07:48
On production I'm somewhere between the 2 of you: 21,500 Oz. Whilst we're informally aware Oct & Nov were good months and whilst mining operations are of course 24-7, December through January can always be slow months. I would like to see Net Debt reduce by $3-4m, which based on a $1,220 odd gold price avg. for Q4 18, would be a good outcome. So for this Q1 19 to be reported in April, whilst production could fall to 20,000, with higher gold prices they should again be able to reduce Net Debt by $3-5m (dependant on Capex for that quarter). SHG normally provide updated Capex estimates and so let's see what they have for 2019(2018 was est. $16m Capex, and with $13m spent in 2018 to date, Q4 18 Capex should be $3m - 4.5m, bearing in mind some Ilunga capex was brought forward). Back in Feb 2018 in the Cape Town Indaba presentation, Capex for New Luika was est. at $10.2m and $7.6M for 2019 and 2020 respectively. This does not include Singida costs, nor additional exploration drilling for New Luika outside mine plan and the new very interesting sites Lambo and Quartzberg. So it's significantly less than 2018. In addition to SHG's $8.5m cash they had in Q3 18, they already have "restricted cash" of $2.5m they of course can't touch, linked to Exim loan. To claim any of the other $8.5m cash is also "restricted" would mean the accountants and/or SHG have committed fraud. Whilst earlier this year I was concerned with gold below $1,250 putting pressure on SHG to pay the highest period of debts for 12 months ending June 2019, if gold spot can maintain $1,290+, I feel bit more comfortable. Although as I want Singida, Lambo + Quartzberg works to be expedited, would be good to see a VAT rebate to fund those, but not going to hold my breath.
redtrend
13/1/2019
20:55
Based on what we have been told i expect production in excess of 23000 oz.I do however expect production in the 1st quarter to fall back a little as they normally conduct maintenance at this time of the year. Capex may well rise in Q1 & Q2 as they wish to increase exploration drilling. I'm not expecting any problem paying off $5m loan notes in the 2nd quarter and very much doubt they will need a placing especially if the price of gold continues to rise. Cash balance at the end of December to rise to some $10-11 million. Good luck to all holders and i also await their comments on the dividend policy.
redhill
13/1/2019
17:40
Your prediction infers: a) At a gold price of circa $1,220, SHG's cash pot stays exactly the same as Q3 2018 ($8.5m). Fair enough b) Considering SHG has gross debt to pay down, in your scenario these must therefore be paid from cashflow and probably to the tune of $3-4M based on previous quarters. So overall Net Debt improves to $31-32m. c) So in this Q1 2019, with $1,280 odd gold price and lower Capex requirements, they can pay another $4-5m of debt from cashflow and still be left with $8.5m cash. d) So going into April, they will have more than enough funds to pay the $5m convertible loans from cash + cashflow. Good to know. Based on your prediction of course...
redtrend
13/1/2019
16:52
Prediction time: Production of about 20,500 oz. [Maybe a bit more.] Yearly production probably still less than 80,000 oz. Cash = $8.45m (give or take almost nothing). A bunch of excuses for something. A load of promises about loan repayments in the future. Meaningless waffle about EBITDA. Unsubstantiated claims about how great discussions with the Govt are going. Setting everything up for a placing before the loan notes are due to be paid.
augustusgloop
10/1/2019
15:13
Dec volume probably related to SHG Mello presentation.
snape
10/1/2019
15:11
Just stating my take on the retraction
jasper2712
10/1/2019
14:41
jasper2712 You are so negative.
redhill
10/1/2019
12:22
There was also a frenzy of activity after Christmas but best not to mention that. What caused both frenzies - no idea. More likely betting on a VAT repayment.
jasper2712
09/1/2019
22:30
Agreed. Back up to $1293 tonight.
redhill
09/1/2019
20:27
I think POG is going to have a crack and break through $1300/oz next couple of sessions
tsmith2
09/1/2019
20:05
All gone very quiet since that frenzy of activity pre-christmas. This time last year trading was buzzing.
redhill
09/1/2019
07:04
tsmith2 I would think that's the 4th week so expecting the update next week.
redhill
08/1/2019
21:54
Would expect to be w/c 21st
tsmith2
08/1/2019
21:13
https://www.bbc.co.uk/news/business-46800098
338
07/1/2019
10:47
If they report on Thursday next week it will be the earliest they have reported since 2014. Friday would correspond to a 'normal' timeframe and Monday would be a bit late. Thursday does seem to be a day they prefer though so perhaps we may get it a little earlier than normal.
jc2706
07/1/2019
10:12
I'm assuming that next week is classed as the 3rd week of January so i am expecting 4 th Quarterlies then, probably Thursday.
redhill
04/1/2019
19:36
https://www.kitco.com/news/2018-12-28/Main-St-Bullish-On-Gold-One-Third-See-Prices-Above-1-500-In-2019.html
338
04/1/2019
18:28
Stale bulls but at least they provide the Market makers with stock.
redhill
04/1/2019
16:49
Looks like it again. When will these sells dry up?!
qs99
04/1/2019
16:44
Someone desperate to sell out
tsmith2
04/1/2019
16:07
Very Good post Chip
atlantic57
04/1/2019
15:42
Atlantic, CEY has been exceptionally good for me since first buying-in in 2001. However, the fundamentals have changed now that their profit share has reached 50:50 with the Egyptian government. Consequently (in my view) the upside has become more limited and there is always the possibility that the ongoing fuel and litigation issues may negatively arise yet again. So I now only maintain a small holding in my 'staircase' portfolio. Like JC2706 I see SHG as being far more under-valued on a range of metrics as follows: SHG CEYPER 3.70 18.20PBV 0.51 1.27PSR 0.52 2.74PCF 2.18 6.63Ev/EBITDA 2.10 5.10 Hence I consider that on a fundamental basis SHG ought to have considerably greater upside in spite of the current Tanz government actions. But it all comes down to personal opinion and CEY remains a great trading share with tiny spread and super liquidity for those who are happy to skim off smallish margins along the way. Obviously AIMHO Chip
chipperfrd
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