Shanta Gold Share Discussion Threads

[lasata] 20/8/2019 13:26

What risk is there to Shanta mining if ebola virus enters Tanzania?

[deanroberthunt] 20/8/2019 12:16

when the wider markets implode, this will fly....and they aren't far away from falling off the cliff

[qs99] 20/8/2019 12:08

Ok, maybe they just need to have more on the books.....POG firming up again it would seem,......

[redhill] 20/8/2019 10:13

QS99

Don't think its an order being filled. Market makers must be a few million short due to all the recent buying.

[qs99] 20/8/2019 09:54

does look IMO like an order being filled....DYOR, but gold now back above $1,500.....holding steady for next leg up IMO.....

[fitton] 20/8/2019 09:42

august, I get your points of view but the results were for year ending 30/6/19.Its a new finacial year. As an investor the hardest thing to do is to try to see into the future and guess what is going to happen.Based on the fairly clear information provided everyone can make there own judgements.The top and bottom of it is, buying shares in companies such as Shanta is always going to be a gamble, but, you can try to make a calculated gamble based on the information available.I have been watching Shanta for many years and have decided now is the time based on all the information provided that the company is now looking in much better shape than in previous years but at the end of the day its a gamble.If the vat comes in happy days,if gold stays around $1500,happy days,if the resources improve over the next 12 months, happy days.If none of those happen then Shanta may be viewed in a very different way.If it was me and my company I would probably use the current gold price as a way of bringing down company debt just in case the rewards are not so great next year but thats just my way of thinking.There is one thing for certain,looking at historical accounts is useful but the market changes everyday and as I have said your opinion may be different to mine but its still a big gamble either way.

[redhill] 20/8/2019 08:57

Yes."Beware the Ides of March "

[fitton] 20/8/2019 08:08

johnr, I agree, there no pricing for a vat payment in the Shanta price, Tanzania do need foreign investment and they will have to do something at some point in time.

[redhill] 20/8/2019 07:51

There is a huge backlog of VAT repayments due all over Tanzania due to a so called audit. Eventually these monies have to be repaid and government officials have intimated to Shanta that the backlog will be cleared once Acacia is sorted.

[johnrxx99] 20/8/2019 06:02

Fitton, I think the market has written off VAT. I wonder what is the total VAT the government has repatriated? If it pays one .....

[338] 19/8/2019 19:27

Donald Trump is our best friend

[338] 19/8/2019 19:19

This analysis suggest PoG will hit all time high in a year approximately


hxxp://news.goldseek.com/GoldSeek/1566215754.php

[redhill] 19/8/2019 17:13

338

Don't forget the market makers would appear to be short of stock so will lower the bid hence the ridiculous spread at the close.

[338] 19/8/2019 15:50

Let's flush out the weak profit takers in few days then PoG moves up again from Thursday

[redhill] 19/8/2019 14:42

I quite agree fitton despite the lunatic rantings from augustusgloop who appears to be a paid deramper !

[338] 19/8/2019 14:42

AG,

When the debts get clear out, the total liabilities should be less than 50% or under $35m in Q2 2019

PoG is expected to be $1600+ in coming months if not weeks 👍

[fitton] 19/8/2019 14:41

august.
Lets wait and see what happens.Each to there own.