Shanta Gold Share Discussion Threads

[jc2706] 18/4/2019 17:13

I knew that would be your response AG. Redhill's answer is sufficient I believe.

[redhill] 18/4/2019 16:47

Look its quite simple. No conspiracy theory.
Managing the mine they wish to reduce the ROM. They did this whilst maintaining a good production number.
They saved money by not removing extra ore from the underground mine which they had no need or capacity to process.

[redhill] 18/4/2019 16:30

It looks like it has FAR to go !

[tsmith2] 18/4/2019 15:58

Anyway we can continue on FAR board.

[tsmith2] 18/4/2019 15:57

disagree. looking forwards.. in a years time they will be producing 10 times current production. the prospectus makes for good reading. I'm aware why the share price has fallen and know directors are working on it. Results on 30th and expect more colour..agree re: taking more advantage of yesterday's action.

[jc2706] 18/4/2019 15:53

FAR still overpriced for me (after the ludicrous IPO) but I wish that I had been alert to what happened to it yesterday!

[tsmith2] 18/4/2019 15:45

can only think we still have a seller in background.

[tsmith2] 18/4/2019 14:41

off topic - I think ferro-alloy resources (FAR) is a corker at these prices. have posted

[jc2706] 18/4/2019 14:13

Interesting interpretation. I actually view that using the stockpile rather than the higher grade material resulted in a fall in potential revenues but each to their own.

[hazl] 18/4/2019 13:12

I CANNOT BELIEVE Gloop is still here, after the the share price rise of late.
When gold gets going again it bodes well in my opinion.

[jc2706] 18/4/2019 12:15

I agree. As I pointed out earlier, there is a positive or negative spin and it doesn't take much effort to envisage which way AG would view it.

[redhill] 18/4/2019 12:11

JC2706

No i can see that but i get the impression that this was planned as there is a limit to what can be processed.
I get your point that maybe extra ore from the underground could be stockpiled but we don't know exactly the reasoning behind the decisions made and of course AG will assume the worst in any scenario.

[jc2706] 18/4/2019 12:01

Redhill,

They have been doing so over the last couple of quarters. The point made is that underground ore reduced in the quarter.

[redhill] 18/4/2019 12:00

AG

Since you have been on this thread is there a quarter when you haven't predicted they would run out of cash and needed a placing ?

[redhill] 18/4/2019 11:56

As far as i remember they already said they intended to reduce the ROM .The fact that they did and still produced over 22000 oz means they can continue to do so without depleting the underground ore .They also normally undertake some maintenance in January.

[jc2706] 18/4/2019 11:16

Actually capex overall reduced but looking at the detail it looks like it remained fairly constant at Ilunga for the quarter compared with Q4 (total $5.2m since August 2018).

[jc2706] 18/4/2019 11:03

I need to look at the financials in more detail (busy today on the whole) before commenting about the EBITDA/cash position (as on the face of it insufficient has converted into cash).