Shanta Gold Share Discussion Threads

[redhill] 08/3/2019 17:00

I found that interview today very informative and Eric seemed to be giving a few clues to what's going on behind the scenes and i'm wondering if anyone else is thinking the same.

It seems like the refund of our VAT is linked to the Barrick Gold settlement and the fact that EZ has the dates of future meetings is significant.

Also when asked about the share price he said that he had received enquiries from abroad which could lead to a possible take over if the London Market doesn't value the Company higher.

[redtrend] 08/3/2019 16:50

augustusgloop
20 Sep '17 - 07:16 - 25133 of 28925


Simple assessment = will not have the funds to complete the underground mine.
Will be technically insolvent by the end of this year.

Will be bust by June 2018 - unless the Tanzanian Govt make a full 100% reverse of their stated actions.

==============================

Great Analysis...

[redtrend] 08/3/2019 16:45

augustusgloop
8 Mar '19 - 15:49 - 28920 of 28922

"For a mine like SHG - D&A runs at about $30m per year.
So, over the long term, CAPEX must also run at this level to sustain production."

Why MUST it?


You keep making the same fundamental error time and time again. It's why you predicted a "true AISC" of $1,500+ when UG mine ops commenced, thereby predicting debt would increase leading you to forecast a 100% likelihood (your words) of a placing for reasons of actual insolvency. It never happened, even after you continued to repeat a placing was imminent ad infinitum. Wrong time and time again.

In fact since Net Debt peaked at end of Q3 2017, it is now down by USD 14m since.

What you fail to understand is that the USD 120M Capex over 2015-2017 has substantial one-time Capex costs (the power plant alone was USD 16M with a 20yr design life). To extend Life of Mine at New Luika and develop very promising satellite sites to feed the mine, of course additional Capex is needed, but not to the same extent and so your USD 30M is way off.

The design life of the long-term one-time assets are circa 15yrs+ (New Luika Dam is 50yrs), yet the current D&A calcs of course has to be based on the 7yr mine plan.

When the mine life is extended, the Accountants will be required to recalculate and update the D&A calculations accordingly.

At least we can all agree with your final statement that your analysis is not perfect and you predicted an increase in Net Debt and actual insolvency of SHG when spot gold was at a higher gold price. How wrong could you be.

[redhill] 08/3/2019 16:33

AG

Eric Zurren doesn't actually claim that anywhere i've seen so may be you could point me in the right direction.

[jc2706] 08/3/2019 16:26

Whatever. You know now so I won't go on about it.

[boraki] 08/3/2019 15:39

Thanks Jasper, it must just be me.

I find that rogues, capital S on the end of https, seems to do it for me.

Good luck all

:-)

[jc2706] 08/3/2019 15:32

Market capitalisation less than cash flow is quite a statement and great to hear that Q1 is continuing where Q4 left off. A note of caution - it is unlikely that this rate of production will continue all year. They are clearly going for grade currently to ensure that the loan repayments are more than covered. I would expect a lower grade mix for the rest of the year.

Note for AG - cash flow doesn't include depreciation.

[jasper2712] 08/3/2019 15:30

Boraki
I managed to get them without any problems . Copy paste move to header bar and paste in link. If I can get it then anyone can!

[boraki] 08/3/2019 15:24

Thanks rogue.,,

,,,,

Someone is buying blocks of 475,000 shares?

[tsmith2] 08/3/2019 15:20

Good volume here

[roguetreader] 08/3/2019 15:03

Boraki
Hopefully this should do the trick:

[boraki] 08/3/2019 14:39

Thanks Red, but right clicking and copy and paste, does not produce the highlighted link, which someone can click on, if you see what I mean

[redhill] 08/3/2019 14:23

thanks tsmith2

[tsmith2] 08/3/2019 14:20

https://www.voxmarkets.co.uk/articles/q-a-with-bluebird-merchant-ventures-director-aidan-bishop-cd5067f/

[redhill] 08/3/2019 14:16

tsmith2

Do you have the link for that?

[redhill] 08/3/2019 14:15

Boraki

Yes just right click on the link and copy and post it .

[tsmith2] 08/3/2019 14:08

Fwiw/FYI have a listen to vox market interview of Adrian bishop on BMV. both SHG and BMV will have a storming couple of month imho

[boraki] 08/3/2019 14:06

Market Cap is below cash flow.

To quote Eric, "fundamentally undervalued"

Update coming in March on "sin"




Thanks Red,

Do you know how to post links?,,,, that actually work.

It use to be if you put the https in caps, but that does not seem to work

[redhill] 08/3/2019 14:02

Thanks Boraki. Great interview with Eric. Production still roaring ahead.

[boraki] 08/3/2019 13:30

www.proactiveinvestors.co.uk/companies/stocktube/12522/shanta-gold-ceo-on-singida-financing-and-looks-ahead-to-further-exploration-12522.html

Eric saying the overhang is finished and undervalued

[boraki] 08/3/2019 13:24

Can somebody tell me how to post links now, because the capitals does not seem to be working?