Shanta Gold Share Discussion Threads

[338] 28/8/2019 15:45

AG,

Shanta licence covers massive area... they can take many options to deliver the production target at a right cost

[338] 28/8/2019 15:28

AG,

I think we need a good comparative study to justify the expenditure to drill deeper for better grade at Luika for now or to get easy wins somewhere else.

Putting a new shaft at deeper holes could cost over $30m - $50m, where quick win may cost a third or less.

[redhill] 28/8/2019 14:07

AG

To continue to mine out Luika at present would be a misjudgement in my opinion.The grades being achieved were just under 4 g/t which are not high enough to blend with the ROM stock of 1.7g /t.

Much better to take the higher grade ore from BC and maintain production levels sufficient to cover current expenditure.

Surely that's as plain as the nose on your face so why continue to press this.

[338] 28/8/2019 12:48

Come on sellers... The quicker you get out.. The faster shanta will move up 👍

[338] 28/8/2019 12:46

AG,

Do some more research such as to compare the life of mine sites, gold production in 2017 vs 2019, new projects, etc. Those can give you more realistic view than just ROM d🍩ughnut pile 😂



hxxps://www.proactiveinvestors.co.uk/companies/news/175283/shanta-gold-raises-production-forecast-as-it-extends-life-of-tanzania-mine-under-revised-plan-175283.html

[redhill] 28/8/2019 12:24

Actual quoted spread is 9.865p--10.0p

[redhill] 28/8/2019 11:26

More twists and turns in AG's logic than an Agatha Christie book !

[338] 28/8/2019 09:41

AG,

Read my post slowly, having PoG at $1600+... Those liabilities will be cleared out... First step is to repay outstanding debt then the remaining liabilities... No point to compare with the financial performance in the past years when capex was at highest and PoG was bottoming

You need to start turning around your logic now Matey... as capex is minimum and PoG is going to hit another record high

More doughnuts for you Matey 🍩🍩🍩

[lenzcrafter] 28/8/2019 09:17

If only SHG could do something similar.

[redhill] 28/8/2019 08:55

I've just looked at the price of AAZ ! Amazing.

[lenzcrafter] 28/8/2019 08:44

You never know. I remember GKP going through the roof many moons ago. Shame I was just watching it.

[qs99] 28/8/2019 08:31

Do my eyes deceive me is that over 10p?? Long way to go but a small yippee from me!!! 338s 45p looks doable IMO... gla

[lenzcrafter] 28/8/2019 08:29

Slowly slowly. Up she goes. Breaking through 10p is a good sign.

[juju44] 28/8/2019 08:28

Gold chart is wonderful

[338] 28/8/2019 07:42

See you at 45p, AG 😂😂😂

[338] 28/8/2019 07:41

Remember, institutions and major shareholders hold 62% of shares👍€077;👍

I think the share price will move up very fast soon the debt is cleared and PoG stay above $1600 👍

[338] 28/8/2019 07:25

AG and other doubters,

£12m short due to hedging or even total liabilities of £75m (which already included most of the hedging loss) will soon become zero

PoG is going to enter $1600 zone and stay there for years

Setup cost for gold miner gets more and more expensive... Not viable when PoG was under $1200. Shanta completed that most expensive phase at the right time...

Imagine, annual gold to be produced is 85,000 oz - 100,000 oz at cost under $800 and selling price over $1600

Market cap should be over $500m this time next year, providing no political turmoil and good economic stability over there in Tanzania

[redhill] 28/8/2019 07:19

AG

Spread bet losses. You really do live in cloud cuckoo land !

[johnrxx99] 28/8/2019 03:59

Thanks Rogue. So some form of VAT solution may be in sight.