Shanta Gold Share Discussion Threads

[338] 09/4/2019 11:35

Why not migrating to China, AG?

[goodgrief] 09/4/2019 10:47

Really ought to add antibiotic resistance. New classes of drugs are not being developed since pharmaceuticals prefer drugs you need to take for life, not a week.Routine operations or a simple scratch might result in death!We're all doomed - doomed I tell you!

[goodgrief] 09/4/2019 10:00

Think we're beginning to form a picture of AG; a survivalist, currently converting a disused nuclear bunker in the event of a breakdown in society. Believing in the apocalypse, he has gold sovereigns sown into the mattress and enough bake beans for the rest of his existence in the larder. He'd like to join the other doomsday preppers at Burning Man, but being a little tight occasionally attends Womad.

[tsmith2] 09/4/2019 09:54

No sellers about?

[338] 09/4/2019 08:11

Personally i think AG ought to stick to selling The Big Issue Mag where there is no risk involved !

[redhill] 09/4/2019 08:06

MM's short already this morning. Marking down on no sells.

[redhill] 09/4/2019 07:30

bear

Personally i think AG ought to stick to buying Premium Bonds where there is no risk involved !

[johnrxx99] 09/4/2019 06:31

Many thanks Redtrend. After many years of losses perhaps the time has come.

[bearbullson] 09/4/2019 00:49

I would say that this is usually a case of capital misallocation rather than a ploy to deceive shareholders. Gold mining is a tough, capital intensive business with low chances of ultimate successs.

Perhaps you should consider established, dividend-paying players like Barrick, Newmont etc.

Best of luck!

[bearbullson] 09/4/2019 00:04

Re your dividend question, they could probably pay tiny dividend for couple of years before exhausting their mines and project pipeline. It is the same reason why any growing company does not pay dividend, they invest into high IRR/NPV projects to maximise their future cashflows and ultimately dividends.

[bearbullson] 09/4/2019 00:04

Re your dividend question, they could probably pay tiny dividend for couple of years before exhausting their mines and project pipeline. It is the same reason why any growing company does not pay dividend, they invest into high IRR/NPV projects to maximise their future cashflows and ultimately dividends.

[bearbullson] 09/4/2019 00:00

If you are talking about broader equities perhaps a better idea is to dollar cost average down with say 10% of your capital per year (if you are super bearish). Otherwise you are risking sitting on the sidelines for another 10 years (due to recent QE narrative again).

If you are talking about gold equities then I would disagree as the main purpose of gold is it’s negstive correlation to equity markets and thus it’s role as a hedge. If you are as bearish on equities as you say then you should be piling into gold stocks (single or ETFs) or at least physical gold.

Any particular reason why you are so anti SHG? Bad personal experience or something else? Assume there are much worse gold companies out there.

[bearbullson] 08/4/2019 23:04

AG - assume you have a short position on this stock. I might not agree with everything you are saying however it does seem that you do know gold mining in general. Would you mind then sharing your long positions or at least junior/mid size gold miners which you believe have solid financials and robust management?

[juju44] 08/4/2019 16:44

Well very happy to say my earlier comment was sure mistimed . Zurrin always impresse4s me with his enthusiasm

[nielsc] 08/4/2019 15:53

Money repaid. Very bullish interview:-)Cheers,Niels

[338] 08/4/2019 15:49

breakout above 7.2p tomorrow... easy

[redhill] 08/4/2019 15:47

To reiterate what i said earlier. 7.2p is resistance but get through that and 8p+ is on the cards for the 18th.

[338] 08/4/2019 15:44

AG, everything you said about SHG was wrong... can you explain why?