Shanta Gold Share Discussion Threads

[johnrxx99] 23/7/2019 08:35

QS99 - steady on old chap. Sharescope has a projected PE of 38.62. So we need a year or two of sustained production increases and probably a divi to even dream of 20p. This is Africa.

[jc2706] 23/7/2019 08:32

It is always interesting to see how the market reacts. Personally I thought that this was pretty much a given but the market seems to like it.

I tend to agree with the sentiment that this team seem to be delivering on promises currently. They just need to keep doing what they are doing and eventually the share price will reflect this (with the obvious caveats around factors that are out of their control e.g. gold price and Tanzanian government).

[qs99] 23/7/2019 08:25

VAT risk ok I get, but SHG are performing surely at every other level in a way many miners are not. Management team delivery to expectation and management of expectations are so far (hope I don't jinx it) very good so well done them.

North of 20p will be a good first start to start reflecting the value here IMO....DYOR

[hazl] 23/7/2019 08:03

Yep look at that chart!
It's like Climbing the stairs!

[qs99] 23/7/2019 07:51

Another great RNS well done the team

[johnrxx99] 23/7/2019 07:27

I've become quite impressed with Mr Zurrin.

[redhill] 22/7/2019 16:49

Seems to be a base building at 8p now.

[qs99] 22/7/2019 16:28

CHEERS GUYs, and yes was aware of that, was probably being too picky on language, my bad. But having to buy the MI is still effectively investing in the region in my view.

let's see how it unfolds. Gold holding up well.

Good evenings all (even AG)

[redhill] 20/7/2019 13:39

QS99

As JC 2706 has said.They are just protecting their interest and have little option.

[jc2706] 20/7/2019 13:14

QS99,

I am not sure if you are aware of the history of Acacia but it used to be a part of Barrick and even now they own over 60%. As such, their current actions are defending their majority stake rather than implying a renewed commitment to Tanzania.

[goodgrief] 20/7/2019 11:46

It's all under the mattress!

[le0nard] 20/7/2019 10:49

AG why do you waste your energy on a share you obviously hate.

Where in the mining space are you invested?

[qs99] 20/7/2019 10:38

So Redhill, if Barrick don't want to be in TNZ, why are they buying ACA why not just let it go? Surely they are "in" for the long haul now no?

[redhill] 19/7/2019 20:45

Trouble with you AG is you just don't know when to quit!

No there will be no takeover offer from Barrick as im quute sure they want out of Tanzania asap.

So little old Shanta continue to reduce their borrowing with or without a VAT repayment or a rights issue. This is really frustating you and your ego.
All these years wasted on here and for what?

[jc2706] 19/7/2019 11:13

Being forced to operate in a country isn't likely to change their approach to that country in my opinion. If anything they will be looking for opportunities to ditch Acacia.

Roguetreader is also correct, SHG is far too small an operation for Barrick to be interested.

We will have to disagree on this as I believe that there is zero chance that Barrick will buy SHG.

[qs99] 19/7/2019 11:06

disagree. yes they have been forced to, but if you have the asset in country, why not then at least try and make the best of a bad situation? SHG would add another leg and better management locally IMO for start

[roguetreader] 19/7/2019 10:53

SHG way to small for Barrick IMO

[jc2706] 19/7/2019 10:19

I cannot see Barrick moving for Shanta. The only reason they have taken on Acacia is because they have been forced to.

[qs99] 19/7/2019 10:01

indeed, but with Barrick sorting ACA at least there is a dialogue now. Let's see where they get to

[johnrxx99] 19/7/2019 09:58

IMO, it's unlikely VAT will be refunded but offset against tax (lol) is possibly a deal. None of us know, but with some local representation and a bit of baksheesh, who knows.