Shanta Gold Share Discussion Threads

[juju44] 28/3/2019 15:22

Short lived party there

[qs99] 28/3/2019 14:27

thanks. v. interesting

[jc2706] 28/3/2019 14:22

It means that they won't give away more than 50% of Singida to have a third party bring it to production i.e. they want to maintain control. Personally I would normally rather fund it ourselves if they are confident of being able to rollover/have access to debt but I can understand the desire to reduce the risk profile given the circumstances.

[redhill] 28/3/2019 14:21

Where did all these sells come from at 1.30 ?

[338] 28/3/2019 14:19

Thanks Simpson.

What does "Max 50% equity stake at asset level will be ceded to fund Singida development" mean?

[redhill] 28/3/2019 14:19

Many thanks dangersimpson2

[jc2706] 28/3/2019 14:19

Interesting information - thanks dangersimpson2.

If I were Shanta I would hesitate with the option "playing hardball with government by withholding income tax payments in lieu of vat". That may have serious repercussions given the incumbents in power and should only be considered as a last resort.

[dangersimpson2] 28/3/2019 14:06

A couple of snippets picked up from the Shanta presentation in Birmingham:

- Max 50% equity stake at asset level will be ceded to fund Singida development.
- El Oro were price takers for the convertible debt due to fund closure. Not representative of how convertible debt viewed by other holders, many of whom would happily roll the debt given the 13% IIRC coupon.
- Forward sale was done to protect debt repayment schedule.
- If VAT never repaid would add $85 to cash costs at current rate.
- Agree that debt repayment schedule is tight, aim is to repay all through operating cash flow, should be possible at current gold price and production. Other options are available: rolling or raising other debt, playing hardball with government by withholding income tax payments in lieu of vat - all of these rank higher than issuing equity at the plc level, management are shareholders too and don't want to be diluted.

I have no current position but following the co.

[338] 28/3/2019 13:56

ShareSoc, why don't you share the presentation here. promoting links like that is useless.. lol

[sharesoc] 28/3/2019 12:52

Shanta Gold present at our London growth company seminar on the 10th April which may be of interest to current shareholders and potential investors

[tsmith2] 28/3/2019 12:35

Would expect news tomorrow or first thing Monday. Prefer Monday.

[sharesoc] 28/3/2019 12:34

The presentation from Shanta Gold delivered at our Birmingham Seminar on 19th March is available in our members area here:

[338] 28/3/2019 12:05

MM's can take my hodings at 45p each ... :)

[redhill] 28/3/2019 11:35

Not sure about news. MM's short of stock.

[qs99] 28/3/2019 10:13

Let's hope so and +ve

[tsmith2] 28/3/2019 10:07

News afoot

[qs99] 28/3/2019 10:07

nice moves through 7p

[338] 28/3/2019 09:08

Redhill, that's happening when AG increases his posting frequency... lol

[redhill] 28/3/2019 08:31

MM's not selling any stock on a quote and deal basis but they will buy what you have !

[338] 28/3/2019 08:27

Just stick with your ultimate aspiration AG: leave England to live in China... lol

[hazl] 28/3/2019 08:06

MAY'S DEAL IS WORSE THAN STAYING IN.....leaving no possibility of ever getting out from what I gather.
The politicians are all looking after their own political careers at this point it seems to me, rather than thinking about the country and it's people.

[redtrend] 28/3/2019 07:37

He's full of his usual vim and vigour after his jolly to London participating in the People's Vote March.

Classic Remoaner Gloop.

[johnrxx99] 28/3/2019 07:26

Can we rename this thread "The thoughts of Chairman Gloop"?