Shanta Gold Share Discussion Threads

[338] 07/8/2019 07:32

AG, your calculation is wrong Matey.

forward contracts = 45,000 is up to May 2020, so the potential loss can't be allocated to Q2 2019 only... lol ... unless it will be closed early


see you at 45p, Matey :)

[338] 07/8/2019 07:29

Redhill, please elaborate why NO. Thx.

[hazl] 07/8/2019 07:09

Well at least it hasn't involved any money from us....seems well organised according to announcement. IMO

[risa5] 07/8/2019 06:00

For ag attention just wondered how that compares to SHG,



All-in sustaining costs are calculated as traditional cash cost plus on-site general, corporate and administrative costs, community costs related to current operations, capitalised stripping and underground mine development, sustaining capital expenditures and remediation expenses.

All-in sustaining costs are affected by ad hoc expenses recorded in each particular period, and therefore may significantly vary period on period.

The changes in all-in sustaining costs at each mine are explained below:

Fresnillo: All-in sustaining cost increased 83.4% over 1H18. The US$5.67 per ounce increase was 31% explained by higher capitalised mine development per ounce and an increase in sustaining capex per ounce. The remaining 69% of the variation was explained by the increase in cash cost and cost per tonne described above.

[redhill] 06/8/2019 22:36

338

No.

[338] 06/8/2019 22:13

Is it true that the forward sales of 45,000 oz gets rolled over continuously, which is now up to May 2020?

Does the reported loss on commodity contract cover the actual settlement cost for hedging? Meaning close out.

Why the hedging price keep changing slightly if it was rolling over? Hedging should be done at higher than spot price, something wrong in Q2 update report?

[juju44] 06/8/2019 21:20

Nice one Hazl .

[hazl] 06/8/2019 21:12

Substitute juju for hedge in my experience

[juju44] 06/8/2019 20:48

Hedge killing the fun

[338] 06/8/2019 18:43

What's the point talking about the past?

[338] 06/8/2019 18:42

AG,

Your example did happen to SHG.

Forget the past as it had been reflected by price movement in the past

H3 valuation onwards is about debt free, PoG $1450 - $1700, more reserves, Singida IPO, VAT reduction, and other good news

[chipperfrd] 06/8/2019 17:44

Yes, more like H2 perhaps.

Loads of ways of coming up with a 'fair value' based on fundamentals. The Graham number and it's ratio (based on current market price), is only one of the many that can be employed.

I have been trading SHG for a number of years in order to minimise my holding cost so I estimate that by the time it gets to c. 14p all my shares will be at zero holding cost. So just a personal target, nothing too significant.

Chip

[338] 06/8/2019 17:10

I think effect of PoG is quite small in the interim reported in 2 weeks...

We should see more impacts in Q3 onwards

[338] 06/8/2019 17:05

So, 14p is a target for this quarter then?

[chipperfrd] 06/8/2019 16:43

338

I would be very happy at c. 14p. That is where I calculate their current Graham number.

However, given the big surge in gold, I expect their interim metrics will have pushed that up somewhat :-)

[338] 06/8/2019 16:30

Yes, 45p to close out for your SHG 😁

[chipperfrd] 06/8/2019 16:21

Looks like ACA is now priced at a premium to the Barrick T/O - and I have closed out too soon !!

Clearly Institutional buyers are not overly phased by the Tanzanian political situation.

Hopefully there will be a follow through for SHG.

[capt bligh] 06/8/2019 16:18

Topped up again

[qs99] 06/8/2019 16:05

Pog looks firmly on its way to $1,500 onwards and upwards to 338s 48 p haha!!
Dyor

[redhill] 06/8/2019 15:50

Looks like gold moving up again today after earlier profit taking.

[338] 06/8/2019 15:45

JC, I meant more rate cuts can only move PoG to higher direction... $1700 after 3 cuts will be nice

[338] 06/8/2019 15:41

Percentage of capex to revenue will be lower... that's why the profit will rise next year 🤞