Shanta Gold Share Discussion Threads

[hazl] 09/3/2019 10:16

So is it true red that 47.2% of SHG equity is now with 4 Institutional Investors?

Again can you tell anybody new how you expect the Convertible loan notes to be

addressed?

You both seem to be well informed ...confusing as there is Redtrend and Redhill!

[hazl] 09/3/2019 09:45

Sustainable Capital Limited
City and country of registered office Mauritius
(if applicable)

increased to
or reached 12.02% 0 12.02% 94,640,510
--------

on the 6th announced yesterday.

[buywell3] 09/3/2019 06:41

Is this Sustainable ?













boom boom

[redtrend] 09/3/2019 04:27

Tsmith - good overview on the strong presentation by Zurrin. He appears very confident on receiving VAT rebates once Acacia - Tanz Gov negotiation is formalised. May take some time but lets see. Acacia have assumed 1 Jan 2020 in their Preliminary report in Feb:

"VAT refunds are assumed to recommence and historic carried forward tax losses are assumed to continue to be available to offset against future taxable profits from 1 January 2020"

That's an assumption by ACA on the assumption the Barrick-GoT negotiation takes another 6 months to formalise (so mid-Sept resolution). I'd be happy with that and other companies like SHG may see it earlier than Jan 2020.

Overall the Acacia deal will allow all sides to save face. If ACA "pay" $300M, this may no doubt be offset by the $91m owed to ACA on VAT rebates front (although the $91m itself of rebates will be reduced by other Corp Taxes due). Just as the Tanz Gov have recently changed their position on the VAT position with small miners (removed VAT on minerals), we may see the Gov change their position with all other miners too to reinvigorate investment, perhaps with exception of concentrates (which would impact ACA, but not SHG produce gold dore bars).

From the ACA proceeds and tax revenues from allowing the huge build up of gold-copper concentrates to flow again, they will be able to pay all the rebates for the other miners. Albeit GoT may AngloGold Ashanti separately. Due to Ashanti's size that will no doubt again be through a direct renegotiation or through arbitration.

[redtrend] 09/3/2019 04:09

It is you playing thick Ag or just plain lying as usual. It was clear from all the reporting Exim facility of $7.5m was unrestricted with no legal impediments and stated time and again. Simply proves another of your incorrect assumptions and "probablies".

It is also no excuse for why after Sept 2017 when you made your wrong assumption of a placing, again in Dec 2017 (after VAT rebate), again in January 2018 (after another $1.9m drawn down from Exim loan AFTER law change) you claimed a placing was still imminent and SHG would be BUST. You then kept on with this claim time and time again a placing was imminent.

It is also no excuse for why you incorrectly believed Capex and Net Debt would increase after underground mine completion (which you are now back peddling on from this monumental blunder).

You are so arrogant that you can't admit you are wrong.

As for including Trade Payables in Net Debt, an absurd notion no company does. But if so, you must of course include its opposite Trade Receivables which since the period you are comparing has gone up by USD 7m. Inventories have also gone up by USD 4m.

So across the Balance Sheet comparing Current Assets v Liabilities, the picture has improved far more than the reduction in Net Debt of USD 14m from its peak. Good times.

[tsmith2] 08/3/2019 21:41

Erric's comments:

fantastic 2018. PBT £13mn putting Co on (historic) P/E ratio of 4

net debt at it lowest in 6 years, 20% reduction in net debt in 2018, will continue in 2019

single debt figure early 2020.

things going really well at operational level

Q4 was strongest in 3 years - Q1 just as strong, firing on all cylinders - driver of strength = grades

VAT - Barrick deal, breaks ice. Very confident of a very good outcome on VAT

Market cap less than cashflow. Very excited by upside. If market doesn't appreciate company's earnings and exploration upside somebody will

interesting inbound investor calls from European investors, asking what's the catch - there is no catch, the company is simply fundamentally undervalued; a fantastic time to be getting in

singida financing progressing well, news soon. Overall financing update this month

sustainable capital up stake 3% to 12%. Have cleared CF overhang; CG went into admin.

news - Singida, Ilunga first ore, Q1 results on 18th April, commencement of exploration season in April - lots to look forwards, really exciting

[tsmith2] 08/3/2019 20:55

:) :) :)newsflow.

[redhill] 08/3/2019 19:44

ag

Then you will be disappointed. No placing and another good quarter of production.

VAT REFUND on the horizon when Acacia gets sorted.

More pressure on Acacia now as North Mara mine threatened with closure by 31/3 due to pollution.

[redtrend] 08/3/2019 19:26

Q2 2017 report before your prediction:

"The Exim debt is secured against the NLGM Power Station which was commissioned in Q1 2017 and is now fully operational. US$2.5 m of the US$7.5 m 4-year facility was disbursed in the Quarter"/

It was clear before your prediction Exim had no issues releasing funds!

[redtrend] 08/3/2019 19:21

Hazl - fair point, I've said my piece now.

Sometimes it's worth a reminder of how wrong the troll has been and the lies and truth twisting that he weaves to change his story and pretend he wasn't way off on his assumptions.

As you state the Institutional Investors (IIs) have loaded up and now 60% of SHG equity now in IIs and SHG board hands. I think they know a bit more than us about SHG prospects and undervalued nature of the stock.

[redtrend] 08/3/2019 19:16

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."

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

As a reminder you made this statement SEPTEMBER 2017. Now you simply lie and lie and can't admit you were wrong. The $10M EXIM loan was provided in March 2017 (although thanks for reminding us of another completely wrong assumption that EXIM loan would be withheld), long before your forecast of insolvency!

And your ridiculous claim of Net Debt going up still completely wrong, which I must only laugh that you are now flip flopping on and agreeing with what myself, Redhill and other said all along - Net Debt would go down, once the major Capex was out the way.

As you kept saying back in 2017, the VAT rebate in Nov 2017 of $3.4M would only extend your forecast of insolvency by a month (with the rebate comprising $1.5m cash, the rest offset against corp tax), so funny you're now trying to use this as excuse, but it offers no such excuse for another completely wrong assumption. I really am losing count with everything you have got so wrong and all the lies you've spewed over the years:

For those here long enough, we remember some of your "assumptions", "probablies" and outright lies...


1) Claim of no Institutional Investor (II) Interest, at a the time SHG had over 40%! We're of course now nearing 50%.

2) overstating the depth of UG mine by many multiples, once again showing your complete lack of knowledge of SHG.

3) Exim would never loan SHG the $10M. They did of course. Refinanced only now in Feb 2019 so nothing to do with your incorrect prediction.

4) UG mine would not be completed on time. It was.

5) Stating post underground mine completion that Capex and Net Debt would increase and AISC would be $1,500+. Your biggest error and the train of thought you continue to this day, although at least with your flip flopping on the Net Debt you're admitting you're wrong... In your own way. Of course as we know Net Debt is $14M lower from its high, Capex reduced significantly etc. etc.

[jasper2712] 08/3/2019 19:10

End of the month seems to be the settlement date for the $400 million. This could also be the date mentioned in the interview which in my opinion oozed positive vibes.

"Think bridge and there will be a bridge"

[hazl] 08/3/2019 18:26

A large share holder has added they like the story.
I think it might be that they filter billboards and make up their own minds with presumably superior knowledge.
Why feed the trolls?


??????

JC2076 you are right it is unreadable...
don't respond perhaps is the answer red??

[redtrend] 08/3/2019 18:16

augustusgloop
8 Mar '19 - 17:52 - 28929 of 28930

Because old equipment must be replaced - probably at a similar cost.

---------------

At similar cost to the USD 120M Capex which included huge one-time costs for Plant infrastructure, Tailings Facilities, Dam & Power Plant with design life significantly in excess of current mine life?!

Even the heavy machinery provided by Sandvik & CAT have working capacity longer than current mine life, but of course will need maintenance, spares, repairs etc.

You really are clueless. "probably". Indeed.

[redtrend] 08/3/2019 18:10

augustusgloop
8 Mar '19 - 17:46 - 28928 of 28929

"You would expect net debt to go down in the 18 months after a mine opens (especially taking into account SHG's very selective choice of what they include in net debt)."

--------------

Yet you didn't. YOU believed the opposite and expected it to go up and for SHG to be insolvent. You really are flip flopping all over the place.

And as I spoonfed to you months back as you couldn't work it out for yourself, the calculation of Net Debt is in accordance with industry norms.