Shanta Gold Share Discussion Threads

[jc2706] 27/8/2019 09:36

I can only assume that anyone who doesn't understand why the hedge was necessary has never run a company. You do not take those kind of risks with a company's survival.

[kennyp52] 27/8/2019 09:31

$11.65m to the bottom line of a company this size does actually matter 🤔.
I was seeking any guidance as to whether there is any cap on the POG in connection with the hedge and if the $5.5m covers the whole of the opportunity cost to reflect fair value ? Anyone ? Fact is they have to supply 45k ounces at $1241 and to H2 had not satisfied any of that obligation it seems . Let’s face it ... no hedge ... share price potentially pushes towards 20p .

[338] 27/8/2019 09:30

Sell off in stock markets matters... which should push SHG upwards... 👍

[juju44] 27/8/2019 09:26

Hedge matters for now

[338] 27/8/2019 09:22

What's the matter with hedge?

It could potentially lower the gain temporarily... The impact is very limited

Growth of production matters... PoG matters... Debt reduction matters... Net cash flows matter... For longer term

[redhill] 27/8/2019 09:21

The hedge was necessary at the time, as JC2706 says, otherwise we may not have a Company at this time.
We still have exposure of approx 50% of production to the rising gold price and although the hedge looks bad it was only a few months ago that gold was roughly equal to the hedge.
I'm sure the hedge will now be worked through until expiry and who knows which way gold will go. Some are saying it will drop back to $1360 an oz.

[juju44] 27/8/2019 09:11

I have been against this hedge from day 1 but many punters here were singing its praises and attacking me . Truth will out

[jc2706] 27/8/2019 09:10

The only thing debatable about the hedge is the size and, as I said at the time, I was surprised when it was increased substantially. The hedge per se was necessary to guarantee the continued operation of the company. The alternative, should the gold price have fallen, would have been the possibility of not meeting their debt repayment schedule which would have been catastrophic.

[338] 27/8/2019 09:05

we should know a clear view on hedging by June 2020

Shanta could hit 45p beforehand 😁

[qs99] 27/8/2019 08:26

Thanks rogue as you say markets not picked up on that it would seem

[juju44] 27/8/2019 08:23

So disappointing here with the misjudged hedge

[338] 27/8/2019 08:05

How long can MM hold under 10p?

[jc2706] 27/8/2019 07:37

Very interesting and has the potential to resolve a number of issues.

[hazl] 26/8/2019 16:38

Thanks rogue

[roguetreader] 26/8/2019 14:27

Interesting , don't think this has been picked up here to date?




RT

[338] 25/8/2019 23:21

See you at 45p, AG 👍

[338] 25/8/2019 23:20

Is Black Monday going to happen in US Markets?

[338] 23/8/2019 16:12

Trump blasts Powell again... 👍 Thanks Mate

[338] 23/8/2019 15:30

Big LOSS for Shanta because PoG is going to hit $1600... That's AG understanding about investing


More doughnuts for AG 🍩🍩🍩

[338] 23/8/2019 14:44

PoG flying good for Shanta 👍

[338] 23/8/2019 10:46

AG,

Did you follow me buying BCN?

Nice doughnuts 🍩

[redhill] 22/8/2019 22:38

THERE IS NO LOSS !!!!!!!!!!!!!!!