Shanta Gold Share Discussion Threads

[jc2706] 05/12/2019 11:07

Chestnuts,

My thoughts exactly. Kicking the can down the road just makes the ultimate problem worse.

[redhill] 05/12/2019 09:17

QS99

We shall have to wait and see. Checking the RNS's at 7 each morning !

Checked another BB and no mention of it so far. Word doesn't appear to have got out.

[qs99] 05/12/2019 09:11

Anyone got a view on Eric's "few weeks" claim in the presentation about the VAT?

Really surprised there has not been more talk on here about that claim?

[chestnuts] 05/12/2019 09:02

jc2706

I have always thought that they should have let the banks go bust and start again we would have been much better off by now, we would have had no debt and a growing economy we would have house prices of at least a 3rd of the prices we have now , i feel sorry for the young kids who have taken out these amazing big mortgages in the hundred thousands of GBP on such low interest rates thinking and been told interest rates are unlikely to go up. Well i wont be holding my breath.

[jc2706] 05/12/2019 08:53

You may be right and the issues in China are great indeed. Whether their command/control economy is a blessing or a burden in these circumstances remains to be seen but it won't be pretty. Maybe Gordon Brown will ride in on his charger and 'save the world' again! At the time he did it last time, I confess that my thought was 'Oh, no! GB has just doomed the world!'.

[chestnuts] 05/12/2019 08:18

The fed are printing $60 Billion a month on QE there is something big going on in the background, and it’s just as bad in China, I am guessing China will send the troops into Hong Kong over Xmas or Chinese new yr, which will be the catalyst

[jc2706] 05/12/2019 08:16

I see that there was a spike in Q1 and a 10% spike in September as well. The volatility seems to be increasing but the base level is not yet anywhere near the run up that we saw in 2004-7. History rhymes but doesn't repeat though.

[jc2706] 05/12/2019 08:07

10%! Interesting.

2020 could be interesting if that is the case. But I thought that with 2012, 2013, 2014.....

[jc2706] 04/12/2019 15:01

I think that we are talking different timeframes. If the repo market is freezing despite all the liquidity that has been pumped into the market for years then we are looking at a very large problem indeed. I confess that I thought that 2007 was just the start and have been waiting for the collapse for years. I am still waiting and I wouldn't be surprised if I was still waiting for a couple of years yet.

[qs99] 04/12/2019 13:50

Just listened, thanks for posting video....that is a pretty big "give" in terms of expecting announcement in next few weeks on VAT, not sure market has picked up on that ? DYOR

[redhill] 04/12/2019 11:35

Imnotspartacus

That's what i'm hoping.

[imnotspartacus] 04/12/2019 11:08

Redhill

Did you also hear the bit about possible divi returns i.e. 17 million when debt is gone. I think next year is when things will really start to move.

[jasper2712] 04/12/2019 10:09

Phase 2 drlling update in December
VAT update in January.

[redhill] 04/12/2019 09:09

Imnotspartacus

Just listened to the presentation. More VAT coming back in the next few weeks.
Very encouraging.

[chestnuts] 04/12/2019 08:36

JC2706

If the banking system was liquid we would not have the fed and the chinese putting in Billions every night in the repo market, and we would not have the fed starting up QE and putting in $60 billion every month. Every one as bought assetts so the banks dont have any cash in the banks, so they are illiquid. The cracks are forming and they are getting bigger.

[roguetreader] 04/12/2019 08:31

JC
It's just the wrong type, interbank liquidity is seizing up, hence $250B FED injections to the Repo market

[jc2706] 04/12/2019 07:39

Illiquidity? There has certainly been no lack of liquidity over the last few years. Assets are higher across the board because we are awash with the stuff!

[chestnuts] 03/12/2019 23:28

Gold is moving up because of illiquidity going around the world just look at the repo market, and the bond market, and the debt market private and corporation market we have a housing market which is in bubble territory lets face it the central banks have dug them selves a hole and they dont know how to get out of it , they think they can inflate the debts away but if inflation comes interest rate will rise and the housing market will collapse and so will the banks. Its just a mess and gold will move up as this market will crash.

[nielsc] 03/12/2019 22:56

Chesnuts,Would that not add in the region of 40p if you use a simplistic PE of 10.Probably less, but an interesting proposition nonetheless.Cheers,Niels

[imnotspartacus] 03/12/2019 22:54

The video below is similar to the Edinburgh one but Eric says in this he has high confidence that there will more VAT coming back in the next few weeks...come on!

hxxps://www.sharesmagazine.co.uk/video/shanta-gold-shg-eric-zurrin-ceo-3

[chestnuts] 03/12/2019 22:19

Red hill

The 2 1m trades today both went for 8.4p so no roll over, both were buys, all these people who are negative on SHG are blinkered gold is on a bull run and is going alot higher even with the debt and hedge and the vat (which should get sorted). The leverage factor for SHG when gold starts to move higher is great, what price does every one see SHG if gold gets to $2000 , with no debt and hedge closed out.

[redhill] 03/12/2019 18:20

Another 1 million trade showed up later. Probably a rollover from earlier.

[qs99] 03/12/2019 14:51

indeed, good spot 338, reckon so....as Josey Wales used to say