Shanta Gold Share Discussion Threads

[qs99] 19/7/2019 09:36

Not less than £200m though sorry. POG increase and Barrick sorting out VAT with govt, would mean debt free company making £50m p.a. EBITDA IMO.....DYOR etc...

[qs99] 19/7/2019 09:36

haha, yes, why not. At least it would widen its offering.

[deanmatlazin] 19/7/2019 09:34

who knows shanta is the next target? Can be a nice little earner for barrick. Shanta has low cost, low market cap. I am sure if Barrick make an offer £150m for this company, I would say yes to that.

[chipperfrd] 19/7/2019 08:54

ACA has been a nice little earner. Lowest buy was at 99.6 last September.
Not a lot of stock but every little counts.

[qs99] 19/7/2019 08:14

Yup, didn't trust myself to buy ACA, but was an obvious 20-30%...darn....but as you say, that is significant....

[redhill] 19/7/2019 07:46

Accaia and Barrick have reached agreement.Very significant in terms of our VAT repayment.

[hazl] 19/7/2019 07:44

Lovely chart since January.

[imnotspartacus] 19/7/2019 06:58

Looking at the gold chart in gbp; it's now higher than it was in 2011!

[redhill] 18/7/2019 20:33

AG

According the presentation i just saw they have reduced it by over $ 11 million. 38.1 to 26.9.

[qs99] 18/7/2019 20:18

and POG up 1.5% is also bliss....

[qs99] 18/7/2019 19:42

filtering is bliss....ahhhhh

[qs99] 18/7/2019 19:19

Nuts price.....anyway, POG motoring again this evening....let's hope ACA gets sorted tomorrow on Barrick deadline DYOR etc...

[hazl] 18/7/2019 13:35

Seems to be quite a few trades surprised its not gone up more actually on the strength of them.

[redhill] 18/7/2019 11:40

Thanks guys.There is also an interview on twitter.

[jc2706] 18/7/2019 11:33

Redhill,

I listened to it. The most extraordinary thing was the lack of questions even from their own brokers.

[redhill] 18/7/2019 11:11

Did anyone listen to the conference call live ? Hoping to catch the recording later.

[qs99] 18/7/2019 11:01

thanks chipp.....the EV/ETBIDA is really interesting as this leverage un-winds at SHG. IMO this has chance to be a multiple of today's price with or without a VAT refund, but as you say, a more business friendly view/perception/action by TNZ Govt, would really help this to motor.....DYOR etc

[chipperfrd] 18/7/2019 10:52

However, the above under-valuation has to be weighed against the political situation in TNZ and the resulting unfair business practices currently being displayed by the ruling government.

Perhaps a final resolution of the ACA situation (if it occurs?) may start to unravel this unfriendly business attitude in TNZ.

[chipperfrd] 18/7/2019 10:45

QS99,

Cheap indeed compared to sector averages!

Based on current price and financial results for FY18 SHG is currently showing:-

PER of 10.1x (average is 30.8)
PBV of 0.77 (average is 1.95)
PSR of 0.78 (average is 3.27)
PCF of 2.61 (average is 11.16)
Ev/EBITDA of 2.61 (average is 9.96)

Hence, on a financial basis, there appears to be a decent potential upside.

Chip

[qs99] 18/7/2019 10:24

thanks JC. I agree re TZ govt, it is very very odd. Chinese money is also being seen as having too many "default" mechanisms attached I read about recently, and so Africa is getting "wise" to it. LIkewise China has its own issues.....so Africa needs to make friends and TNZ is not really doing that at the moment!

Barrick have to make their offer to ACA this week don't they? Clarity on that and opening up of dealings with TNZ may help free sensible taxation discussions but in the meantime as you say, POG heading upwards and SHG continuing to deliver, even with a discount applied, means SHG is a cheap old share IMO! DYOR