Shanta Gold Share Discussion Threads

[redhill] 08/10/2019 15:33

I do agree with you there juju. It is ridiculous.

[juju44] 08/10/2019 14:06

HAHA The mm's have just opened the spread - its now ridiculous

[juju44] 08/10/2019 13:59

Took a long time to get that lift considering all the buying going on

[338] 08/10/2019 13:58

Well, the offer price has gone up now

[redhill] 08/10/2019 13:43

Auto quote to buy only letting me have 15000.

[338] 08/10/2019 13:43

Thanks REDHILL.

China still keeps buying gold

[redhill] 08/10/2019 12:54

338

Probably only with a limit order. MM's still holding this down to balance their books.

Quoting 7.5p to sell but actually selling at 7.93p

[338] 08/10/2019 12:52

Wanted to buy 200k more... not available online

[kennyp52] 07/10/2019 09:14

Yes I knew that Redhill ... the central bank of China have been buying up gold consistently ... my thought was nothing to do with “golden week” ... it was more along the lines of just how much gold do they want to hold and it will it slow ?

[338] 07/10/2019 09:09

Shanta gold production for August is a record for the year... Was that over 8,000 oz?

It could continue until end of the year as gold production in Q3 and Q4 normally higher than previous months.

[redhill] 07/10/2019 08:52

kennyp52

I think it was more to do with the Gold Exchange being closed for a week rather than the Chinese physically buying .

[kennyp52] 07/10/2019 08:27

Should find out overnight if they are still buying . Slight concern that if China have been the main purchaser of bullion then how much impact will it cause if they reach their limit ?

[338] 07/10/2019 07:51

I think PoG will keep trying to breakout higher and higher... $1600 in weeks this year

[qs99] 07/10/2019 07:49

Let's see if the "Chinese on holiday for a week" argument will come true with POG heading NOrth? DYOR

[338] 07/10/2019 07:44

I think PoG will keep trying to breakout higher and higher... $1600 in weeks

[redhill] 04/10/2019 18:24

JC 2706

Yes but there comes a time when they have to start winding down the position and i thought they may have started this quarter.

[jc2706] 04/10/2019 14:13

They will still be rolling over the hedge whilst marking it down on the P&L so that they can take advantage of the higher gold price whilst they can. It is still possible that the gold price could roll over from here although the probability decreases as time goes on.

[redhill] 04/10/2019 13:14

Eric gave the impression that all the gold produced has been sold at full market price.

[redhill] 04/10/2019 13:13

June 2020 will be a time when most of the borrowing has been repaid.
Surplus funds for share buy backs and dividends.
Of course any VAT repayment is the icing on the cake but we still await normalisation in the business sector in Tanzania.

[imnotspartacus] 04/10/2019 09:55

Agreed he was very certain about being debt free by summer.

[redhill] 04/10/2019 09:21

Yes very good update. Quarterlies due 17/10

[338] 04/10/2019 07:59

Eric also reiterated that Shanta will be cash positive in summer 2020 after spending over $250m in the past to build mining infrastructure. 👍