Shanta Gold Share Discussion Threads

[fillipe] 13/3/2019 16:17

If not already mentioned here ..... SHG was an IC tip this past weekend...VAT refund waited for and share's at 50% discount to nett assets.

A 1/3rd page review and BUY.

f

[juju44] 13/3/2019 16:17

Think you've lost it August

[tsmith2] 13/3/2019 16:11

Read the Singida update of 5th December..

[hazl] 13/3/2019 16:09

AG has really kept the lid on this one for a while and it's such a shame because many of his criticisms could have applied to many miners and it meant some people moved on without enjoying the rise I'm sure.

[tsmith2] 13/3/2019 16:09

We are currently reviewing options to fast-track the development of Singida having announced the project economics in the final quarter of 2018. Singida will be separated into a new company for funding by third parties at the asset level. We remain optimistic that Singida will progress to production in the near future.Fast-track, 51% ownership rule change, POG flying..

[qs99] 13/3/2019 16:07

Brilliant stuff.well done all regulars here, looks like value will “out” in the end. 20p is my target anything above that I’m retiring! Dyor
Cheers

[hazl] 13/3/2019 16:06

What an exciting day!
Only posted this as a suggestion oh Friday on the sha thread...mostly because Eric's video seemed so upbeat.
Although been in this for a long time myself.

I agree with ileeman I thought the mining restrictions were due to be changed as they realised they were not attracting investors.
But it remains to be seen.
Only applies to new starts though I think.
Nobody bothered to read it on twitter I think....important bit at end.

[redhill] 13/3/2019 16:03

There's gold in them hills !

[338] 13/3/2019 15:55

what was the market cap when SHG was 70p 13 years ago?

[tsmith2] 13/3/2019 15:53

Bid above by close of play? Strength into close.

Sindiga finance news, VAT news anytime, possible take over activity, Sindiga JV news..

Trading update in April - we know they are as good as/better than record quarter..

[dgduncan] 13/3/2019 15:43

What would you think if someone borrowed some houses owned by you and your neighbours from the mortgagees and immediately sold them on the market ?. Sent out a circular saying there was a possibility of a motorway going through the area. With the glut of houses for sale, prices would crash and other owners would then get theirs on the market super quick to try and sell before the prices went even lower. What was once a respectable area is now a not so vibrant area. The ‘someone’ then buys the houses back at the lower prices and gives them back to the mortgagees. Job done and pocketed a good wedge and you still have your house - albeit a lot less in value. The ‘someone’ has pocketed a good sum but at yours and the other owners’ expense. Is this legal ??. No - of course it is not as this would be a ludicrous situation. It is however legal to do it with your stocks.
The AIM is less liquid than the main markets and is a breeding ground for this practice.
If you disagree with selling shares you do not own, please sign the government petition :

[338] 13/3/2019 15:33

daily volume could reach 25M today...

[qs99] 13/3/2019 15:27

Small dip and boom back up it goes. IMO this is being very strongly bought

[juju44] 13/3/2019 15:27

Doesn't want to go down .Now that is something very new for Shanta

[redhill] 13/3/2019 15:24

Up 31% and none of us on here no why exactly ! LOL

[338] 13/3/2019 15:17

News on Singida investment and strong production in Q1-2019 are more likely... I think

[qs99] 13/3/2019 15:17

Good post Chipper......so on an EV/EBITDA basis before any "new" finds on reserves, VAT refund/reduction of new debt perception, we could be up 4 times and still be under the average of 67 PM producers. so 4 times would be 20p.....that's my target then!!!

DYOR and gLA

[chipperfrd] 13/3/2019 15:07

Perhaps M&A is in the offing!
SHG is very undervalued based on it's last set of financials to 31/12/18.

At Friday's close these were 5 of it's valuation metrics compared to 66 of it's peer group:

SHG Average of 67 PM producersPER ~ 6.3 27.0PBV ~ 0.48 1.7PSR ~ 0.49 2.9PCF ~ 1.63 10.2Ev/EBITDA ~ 1.94 8.7


Perhaps the undervaluation is attracting a 'bigger fish', one way or the other it should become clearer soon.
Chip

[338] 13/3/2019 15:07

It happened to one of my shares last time.... moved from 6p to 21p very fast...

[jasper2712] 13/3/2019 14:52

Redhill
Can't see any specific mention of SHG. If it is smaller gold companies in general then I also don't see others in the top 20 movers. So I still think that there is something out there that has leaked and the rise is being fed by others jumping when a rise like this hits their radar.

[qs99] 13/3/2019 14:46

Agreed. Not seen anything like this sort of volume before. Pretty well ever! 30% up.....may need an RNS if anything corporate going on in the background. Let's see

[tsmith2] 13/3/2019 14:45

VAT refund north of 10pway too much volume for tipsheet. there's something going on.

[tsmith2] 13/3/2019 14:44

and this..