Shanta Gold Share Discussion Threads

[redhill] 24/12/2019 09:35

phippsy1

You were being ripped off if you were only offered 9.3p. Sales have been going through about 9.55p recently.

No the 9.6p transactions are definitely sales. Just end of year adjustments for the big boys.

[phippsy1] 24/12/2019 08:31

I was quoted 9.3 to sell 15k of shares so I think the trades at 9.6 are all buys.
With good news coming and the price of gold increasing I dont see why anyone would want to sell at the moment.

[redhill] 23/12/2019 17:56

Big blocks of sells going through @ 9.6p At least 2.6 million in the last few days.
Guess an institution adjusting their portfolio before the end of the year.

[juju44] 23/12/2019 17:02

Spread is obviously hiding the sells as with all the apparent volume of buys it would surely have gone up

[jasper2712] 23/12/2019 11:56

The main driver to an increase in the share price will be if the market believes Eric that there will be a resolution to the outstanding VAT by mid January. At the moment, he has delivered on the phase 2 updates, so here's hoping the start of 2020 will be a good one!

[redhill] 23/12/2019 11:49

We need to clear the seller first but here's hoping .

[smudge104] 23/12/2019 11:13

If this can get to 10p th chart will form a W formation, I then expect a big leg up!
merry Christmas all

[338] 23/12/2019 08:17

PoG going up steadily 👍

[redhill] 20/12/2019 17:58

Another big trade showing up after the bell. All done at 9.60p. Someone must be feeding the MM's.

[imnotspartacus] 20/12/2019 16:30

The weekly chart is looking good

[redhill] 20/12/2019 12:03

Another 250000 shares traded. Buy or sell is anyone's guess ! LOL

[redhill] 20/12/2019 10:29

Plus the regional exploration update which is well overdue.

[qs99] 20/12/2019 09:16

all coming together it would seem? Now for that VAT RNS please SHG>>>>!

[chestnuts] 20/12/2019 07:59

John
I Missed read that I have altered my post, I must use my glasses more often
Thanks

[johnrxx99] 20/12/2019 07:55

Chestnuts - at only 10% of supply?

[chestnuts] 20/12/2019 07:31

I think that equates to $7.5 profit for each oz of gold

[johnrxx99] 20/12/2019 07:20

Excellent news re power supply. Onward and upward.

[redhill] 19/12/2019 14:59

QS99

Well that's the point .There are no sellers or very little so the MM's have been going short.

[qs99] 19/12/2019 14:15

let's see, decent volumes again....when will these sellers be clear?!!!

[redhill] 19/12/2019 13:22

My view for what it is worth is that the large trades are sells.
The Market Makers have been badly short of stock for weeks and that is one of the reasons they haven't let this stock rise which it should have done on the volume of buying.
Probably taken stock at an agreed price from maybe Odey and now they will let the stock rise. Hence 9.60 p to buy.

[jc2706] 19/12/2019 11:43

Agreed. Volume to accommodate these is unclear.

[chestnuts] 19/12/2019 10:49

I also think the 2.45m is a worked order buy hence the mm opened the spread 2 days ago to work the orders through

[jc2706] 19/12/2019 10:45

I suspect it has been worked along with the 250k trade. Given that both the real bid and ask have been rising up to these trades, I suspect that they are buys.