Shanta Gold Share Discussion Threads

[jc2706] 06/9/2019 14:43

Meanwhile, in the real world..... gold seems to be recovering after the moron in the White House tweeted his daily insanity.

[jc2706] 06/9/2019 14:38

I don't disagree that the current operation is reasonably supportive of the share price but the project PEA announced today is not exactly earth shattering which was my point. The capital cost is very attractive though so I expect the project to be built once the licences are acquired.

There are plenty of undervalued shares. All of the one we all invest in are undervalued by definition! :-)

[jc2706] 06/9/2019 11:42

I confess that the SRB news looks a little underwhelming to me and at this stage you wouldn't really price in much of the NPV so I doubt whether that is where all the money coming out of gold companies (pretty much all of which are down) is going.

[jc2706] 06/9/2019 11:39

Redhill,

If that is the case, it has worked! To some extent.

[littlepuppi7] 06/9/2019 11:17

People moving into srb after the great rns today?

[redhill] 06/9/2019 11:11

The fall is because Market Makers are short of stock and have been waiting to engineer a drop even on smallish volume. They have used a pullback in the gold price to their advantage.

[jc2706] 06/9/2019 10:53

Interesting drop on relatively low volume. We may see a delayed trade to explain it or the market makers are being cautious in light of the drop in the gold price.

[jc2706] 06/9/2019 10:52

For me it is too small to attract a significant player so you would be looking for tier 2 companies. I suspect that Tanzania is not going to attract a significant amount of interest currently from either tier 1 or tier 2 companies which would leave the 'chancers' and you don't get much of a premium from them. So, I doubt that a takeover is likely. Should the gold bull really start roaring then you may have a different story.

[fitton] 06/9/2019 10:42

Could Shanta be a takeover target.Seems to me that the hedge would not be a major problem.Debt reducing, reserves increasing and definitely undervalued

[jc2706] 06/9/2019 10:36

jasper2712,

You forgot about the largest bull market run in history bit.

[jasper2712] 06/9/2019 09:34

100% rise from an all time low isn't really a good comparison to make.
As for the VAT return. This was a long time ago and was a token gesture. The amount owed now stands at 27% of SHG market cap. So let's keep things in perspective and not get carried away. Shanta have a long way to go although the future does look a bit brighter.

[jc2706] 06/9/2019 08:14

I tend to think that the biggest mugpunters are those that have missed out on the largest market bull run in history and are now continually slagging off a gold company in a gold bull market having missed out on the 100% rise in the last 6 months.

[redhill] 05/9/2019 22:55

"There is absolutely no relationship between the payment of VAT to Shanta and what happens with the sale of Accacia to Barrick."

According to government ministers there is !

[338] 05/9/2019 19:48

AG,

You are wrong again because Shanta has received partial VAT refund in the past.

So, some kind of future offset or more refund is coming. Stopping future payment will save $85+ per oz...

More big news to be released in Q4 Matey... meaning more 🍩🍩🍩

[jasper2712] 05/9/2019 17:20

Nothing here that we haven't already been told - time and again!

Shanta’s current VAT receivable is US$25.3 million (June 2019)
▪ Barrick takeover of Acacia announced in July 2019
▪ Barrick tax resolution and implementation of Framework Agreement with the GoTwould mark an inflection point (before year end?)

17th September Effective date (Acacia delisted) .
So will there be movement on the VAT after this date. We can only hope.

[338] 05/9/2019 16:06

Suddenly, Shanta will have opportunity to reduce provision for an unfortunate hedging policy...

AG won't be happy 😂

[338] 05/9/2019 15:16

AG,

🍩🍩🍩 For you, Matey 😂