Shanta Gold Share Discussion Threads

[redhill] 01/7/2019 11:46

A lot of selling due to a small drop in the price of gold but its still $1390 an oz.Too much hot money in this at the moment.

[jc2706] 01/7/2019 10:38

Pot, kettle?

[juju44] 01/7/2019 10:33

Shanta back to its old form

[jc2706] 01/7/2019 08:15

I agree trader365. But it would be nice if the comments could be based on facts rather than poor interpretation that is repeatedly proved to be incorrect.

[trader365] 30/6/2019 02:29

Both bull and bear views are food for thought and both views should be respected by grown up investors

[redhill] 29/6/2019 14:17

I don't particularly and would like to start a discussion on the next quarters production update but fear it will be hijacked.

[hazl] 29/6/2019 14:05

Fair enough if you want to keep replying to him.

[redhill] 29/6/2019 13:55

hazl

Sometimes its good to have a negative view and of course we can all read what we want and disregard the rest.
You and i are both premium users so either of us could start a new thread and filter out whoever but i am a little loathe to do so even though i find him very frustrating.

I'll leave it up to you !

[hazl] 29/6/2019 12:54

redhill a new thread where you could choose who contributes?
This discussion has just gone on too long.
Negatives can be useful but obstinacy unfounded then....?

[atlantic57] 29/6/2019 11:32

Redhill the only barometer in these endless discussions. is the share price.

[redhill] 27/6/2019 22:10

Is it? The market doesn't agree with you. Shares have risen 100% since then !

[redhill] 27/6/2019 19:50

Must they ?

I suppose i ought to be thanking the management team for the wonderful job they are doing repaying debt and keeping solvent.

Certainly Investec made them concentrate on improving cash flow ,improving productivity and getting them to the position they are today.

[redhill] 27/6/2019 18:27

Investec technical breaches were down to a change in TZ law and not due any delays in repayment as you well know.

I would agree that Investec did not wish to go ahead with a new facility bearing in mind the TZ government changed their mining act but in essence all that has changed for Shanta is an increased royalty payment which has been absorbed by the Company with greater efficiencies. I'm sure that other banks were not keen on lending to TZ companies at that time but things are starting to improve on that front.

I would imagine that refinancing that last tranche of Convertible loan would be a good option later in the year if no VAT is refunded.However a $200 an oz rise in the price of gold since mid December may make this unnecessary.

[atlantic57] 27/6/2019 18:12

The Gold rally looks to have lost energy and momentum.
One day Gold will have a run but I think it is looking likely to fall back.

Interesting that Bitcoin has done much better than Gold

[redhill] 27/6/2019 17:58

No AG ,these are just your assumptions to fit your scenario.

Everything the company have done,you have spun in such way as to make it look the way you want it to.

What is this lie about breaking the covenant with Investec ?

They have always made the agreed payment on time and it was only a change in TZ law where they had to show a difference in the accounts.

We all know that money has been tight due to the delay in refunding VAT payments but all this nonsense about delaying the convertible one month is just pure fiction on your part.

They still had enough money to increase their r and d budget by $2 million this year. A fact you conveniently ignore.

You believe matters will come to a head in the next two weeks. We shall see who is right very soon.

[jc2706] 27/6/2019 16:50

AG does not buy shares.

[redhill] 27/6/2019 16:10

According to AG they have beeen running out of cash for the last 3 years !