Shanta Gold Share Discussion Threads

[jc2706] 14/5/2019 09:39

Redtrend,

I suggest a chat with the company as I am sure that they can update you on their ability to repay the outstanding debt.

All that aside, the fact that the company is still reducing net debt, despite the fact that the government is not abiding by its fiduciary duty with respect to VAT repayments, is outstanding.

[jc2706] 14/5/2019 09:35

As he doesn't understand depreciation I suspect that he will be running to his bank account as we speak to check his balance.

[redhill] 14/5/2019 09:10

He's certainly depreciating though !

[338] 14/5/2019 08:55

AG surely can't wear out... lol

[redtrend] 14/5/2019 07:40

1) 7.5 MwH HFO Power Station (20yr design life) circa $16m capex spent + fuel storage facility
2) Mass Gravity Dam - 50yrs+ design life
3) Solar Plant
4) Tailings Storage Facilities (13yrs+ life)
5) Heavy Machinery - 10yr+ mine life (spares, maintenance, repairs covered under Opex costs, AISC etc.)
6) 1,000m3 pre-leach tank
7) Camp, facilities, main infrastructure to support the mine etc.


You honestly think SHG which only has a 5yr mine life left will be replacing these assets in the course of its working life, even if/when it extends the mine life?!

Yes extending mine life will involve additional Underground Mining Capex for said extensions, but you're crazy if you think it's anywhere near to the $120m+ over the 2014-2018 period, which included the above major one-time costs.

Whilst I'm starting to converge on some issues you raise in the short-term (cash crunch later this year if no VAT rebates paid, loans refinanced or placing), long-term you are way off in terms of Capex. Any mine extensions will require significantly less Capex in comparison to past Capex.

[redhill] 14/5/2019 07:11

ag

Surely that depends upon what the assets were in the first place !

[338] 14/5/2019 06:36

Did you sleep last night, AG?

[jc2706] 13/5/2019 20:44

Sorry AG. If you refuse to discuss with the executives of the company, as I am sure the rest of us have or would, then there is really very little point discussing your warped analysis.

To be honest I am not sure why I have started responding again as I swore I wouldn't when you treated depreciation as a cash item

[redhill] 13/5/2019 20:42

His rantings are just getting worse !

How many years has he been on here as the harbinger of doom ?

Total fruit loop !

[jc2706] 13/5/2019 19:53

And still he doesn't talk to the people that matter.

[redhill] 13/5/2019 18:32

Most likely they couldn't pay them back as they have a months grace to convert them.

[338] 13/5/2019 16:53

SHG - the hedging was too low

I belieive we will see PoG at over $1400/Oz this year

[338] 13/5/2019 16:51

How Caledonia Mining can sell gold forward at $1368/Oz

[redhill] 13/5/2019 14:12

Big rise for gold at the moment.

[jc2706] 13/5/2019 12:46

And still he doesn't talk to the one source that can answer all his questions.