Shanta Gold Share Discussion Threads

[jc2706] 20/6/2019 09:36

That's better.

[qs99] 20/6/2019 08:52

Will market every wake up to the potential of SHG I wonder? Let's see;....maybe with £100m market cap + it may hit a few more radars....DYOR

[juju44] 20/6/2019 08:36

Gold has broken through resistance in the 1350 - 1375 area . Keep 'er lit

[qs99] 20/6/2019 08:34

Think the grades are strong and depth/breadth of the find is interesting and still being proved up. The July JORC they intimate at will be very interesting. DYOR

[jc2706] 20/6/2019 08:29

I am feeling rather bullish this morning. Perhaps we need AG to come on and dampen the mood.

[jc2706] 20/6/2019 08:28

I think that this will go beyond 45p if we truly are entering the next gold bull. But we need to be a little cautious on the gold price. It needs to break through this zone (the upper limits of which I would put at $1400) and stay there to convince that it is starting the next major lift higher.

[jc2706] 20/6/2019 08:26

The share price is responding but I suspect it is more to do with the gold price than the grades indicated in the drilling. I wonder whether people realise the transformation that can happen here given a stronger gold price. Obviously it provides extra revenue but this pays down debt to de-risk the business, provides capital to increase the exploration programme, opens up more capital raising possibilities and eventually leads to the potential for returning capital to shareholders which is the main thing that boosted the AAZ share price.

[nielsc] 20/6/2019 08:23

Juju,Surprised you didn't mention the hedges that will be in the red. ;-)338,Love your 45p target!!!10p would be nice for starters. :-)Cheers,Niels

[juju44] 20/6/2019 08:03

Great grades - will it drive up the share price ?

[jc2706] 20/6/2019 08:02

Fantastic grades this morning and suggests that there is an awful lot more at Bauhinia Creek to come with grades improving at depth.

Or to put it in AG terms - dreadful news.

[338] 20/6/2019 07:46

hxxp://news.goldseek.com/GoldSeek/1560957932.php

[338] 20/6/2019 07:39

Has Shanta Gold Limited just intersected £££; billions of gold at Bauhinia Creek from the Phase 2 Drilling Update?

heading to 45p ... :)

[qs99] 20/6/2019 07:33

👍👍

[redhill] 20/6/2019 07:23

More good news from Shanta on the drilling front. Onwards & Upwards !

[qs99] 20/6/2019 07:12

Looked at some posts on CEY and $1,362 was a "ceiling" and then I would agree $1,380 is the next one to consolidate around....let's see...

SHG RNS this morning however is a very significant one IMO....great grades and continuing to expand find and LOM.....

DYOR and GLA....POG and this RNS, possible upcoming VAT, let's see if we can push to that 20p++!! haha

[atlantic57] 20/6/2019 06:50

Gold needs to break out above 1380 decisively and stay there.
It has been a long wait for a gold breakout so I would not count on it yet.

[nielsc] 20/6/2019 06:32

Is this a gold breakout or will it be knocked back?With the rise since yesterday that should see SHG make an extra US$2.5m in revenue.Cheers,Niels

[qs99] 20/6/2019 05:45

POG really motoring now....DYOR, but blimey if nearing $1,400 won't take SHG through into double figures what will haha?

[bmnsa] 19/6/2019 23:56

PM's are the place to be.

[redhill] 19/6/2019 21:34

Gold now $1361 an oz.

[redhill] 19/6/2019 20:54

That is what they have been lead to believe.We shall see.

Talks in Dodoma have suggested this but it seems like Tanzania are a little bit short of the readies! I'm sure they will keep pressing for it.

[redhill] 19/6/2019 19:58

Gold seems to be breaking higher after the FED interest rate meeting.