Shanta Gold Share Discussion Threads

[redhill] 06/3/2019 15:27

This tax of $1.37 million does not specifically relate to the 1st half years earnings as you are assuming.

[jc2706] 06/3/2019 14:42

Redtrend,

You forget that AG has previously gone on about depreciation and amortization as cash items so for him it is very relevant to net debt.

[redtrend] 06/3/2019 14:25

I knew the difference is predominantly D&A, a toddler could work that out. Shock horror accountants updated certain accounting assumptions from the unaudited interims to the audited accountants.

I care only about changing Net Debt position so don't need to deep dive it and care not what updated assumptions the accountants have applied in the annual accounts, which have no material impact to cashflow (other than how D&A impacts profit and thus tax, tax which of course impacts cash position).

So a profit after tax of USD 8M and an improvement in Net Debt of USD 8M too. Good result SHG.

You spent a lot of time on this nothingburger... Get some air, walk the dog, stretch them legs

[redhill] 06/3/2019 14:19

ag

How do you know how much was paid in tax in the first half of the year just out of interest ?

[redtrend] 06/3/2019 13:49

Truly bizarre isn't it.

He finally got there after talking to himself for a while, much ado about nothing (D&A} and something that would have taken a normal person a few moments to work out.

[redhill] 06/3/2019 13:20

Best look at it over 12 months then and so stop wasting your time !

[redtrend] 05/3/2019 17:51

You're repeating yourself old chap and no one is listening to your tired biased selective posts... take a break from trolling and do something worthwhile.

Even you as an armchair accountant should understand the annual accounts and work out your rhetorical question in that wee noggin of yours.

Take up a new mantra. Je ne regret rien.

[redhill] 05/3/2019 09:52

A lot seems to have been placed agreed. I think some punters were able to buy it at 4.7p as well.

[juju44] 05/3/2019 09:10

It looks like the 22m sale has already been soaked up so we should not really see much overhang

[tsmith2] 05/3/2019 06:46

We'll soon find out. And I don't think anyone cares what you like to dislike

[buywell2] 05/3/2019 06:11

So did the company buyback from City Financial , they had around 25M ish ?

I don't like buybacks .

[redhill] 04/3/2019 22:10

Exactly.. Permission for a share buyback in due course.

[boraki] 04/3/2019 21:19

Is this the one?

Special resolution

10. That the Company be and is hereby generally and unconditionally authorised in accordance with section 315 of the
Companies (Guernsey) Law, 2008 (as amended) (the “Law”) to make one or more market acquisitions (within the

meaning of section 316 of the Law) of ordinary shares in the capital of the Company (“Ordinary Shares”) (and, to
the extent permitted by the Law, to hold such Ordinary Shares as treasury shares or cancel such Ordinary Shares)
provided that:

(a) the Company’s authority to make market acquisitions pursuant to the authority granted by this resolution shall,
(except with prior shareholder approval) be limited to a maximum of 10 per cent. of the number of Ordinary
Shares, excluding shares held in treasury, in issue as at the date of the passing of this resolution;

(b) the maximum price (exclusive of expenses) at which Ordinary Shares may be purchased shall be 105% of the
average of the middle market quotations for the Ordinary Shares as taken from the AIM Appendix to the London
Stock Exchange Daily Official List for the five business days preceding the date of purchase;

(c) the minimum price (exclusive of expenses) which shall be paid for an Ordinary Share pursuant to this authority
shall be £0.03 per Ordinary Share; and

(d) unless previously revoked or varied, the authority hereby conferred shall, expire 15 months after the date of the
passing of this resolution or, if earlier, at the conclusion of the next annual general meeting of the Company
(unless previously renewed, revoked or varied by the Company), save that the Company may, prior to such expiry,
enter into a contract to acquire Ordinary Shares which will or may be completed or executed wholly or partly after
such expiry and make an acquisition of such Ordinary Shares pursuant to any such contract.

[redhill] 04/3/2019 21:00

I just noticed the special resolution at the end of the Company accounts.

Has anyone else spotted it ?

[redhill] 04/3/2019 20:58

buywell3

Some VAT was refunded in 2017 so though it appears it has been going on for a long while it just seems like it.