Shanta Gold Share Discussion Threads

[fitton] 06/1/2020 15:18

Here's another 63% this year!.

[juju44] 06/1/2020 15:17

Want a new multi year high finish

[qs99] 06/1/2020 15:15

fair point trader, but it was oversold then and still on an EV/EBITDA ratio that is nonsense IMO! Likewise our CEO says the same enough times when asked...>! Fingers Xd....

[trader365] 06/1/2020 15:14

I don't see anything slow burning? SHG is up 63% in 2019!

[hazl] 06/1/2020 15:10

Well done SHG!

[qs99] 06/1/2020 15:09

thanks fitton and think we are all on that page. Just no idea who this consistent seller could be!

[fitton] 06/1/2020 15:05

I have been watching the trades over the last few weeks. I would have to say I have been dealing on the stock market for many years and I still don't know exactly what goes on.The buying volume over the the last weeks has been excellent, this would indicate that there must be a large seller in the background because the share price is not exactly flying but who knows.The company did a few presentations to institutions a while back and the old cynic in me thought that some how they were able to pick up a fair few shares at sensible money but that really shouldn't be possible unless there is excess stock available.Shanta is for some reason a very slow burner even when you think it should be flying.There must be lots of sellers as well as buyers I guess.As I have mentioned before, although gold is doing very well it is not going to really benifit Shanta until the hedge is cleared and debt is cleared.I would have to say I personally see very few opportunities that I few comfortable enough to invest a reasonable amount of money in without to much concern and Shanta are one of them.I could be wrong but I think 2020 should be a good year.

[trader365] 06/1/2020 14:49

QS99 gold is only 1.6% away from $1600, and up over 1% today $1600 is pretty much nailed in coming days/weeks

[redhill] 06/1/2020 14:19

I'm not seeing much evidence of selling today so far. Just a few hundred thousand.

[qs99] 06/1/2020 13:51

.....well it will do as twice, oops....double click early 2020 fingers....hehe

[redhill] 06/1/2020 13:47

Looking at level 2 the Market Makers are continually messing about with the bid & offer.
With normal supply and demand we should be much higher today but that wouldn't allow the Market Makers to make their money !

[juju44] 06/1/2020 13:34

Hard to figure here . Little rise with much buying and gold flying . We could have a big seller

[qs99] 06/1/2020 13:33

Decent volume again

[qs99] 06/1/2020 11:45

agreed. Nice moves / RNS this am on SRB....HUM is my other golder which IMO is very heavily operationally leveraged to the increasing POG

[fitton] 06/1/2020 11:42

My experience is the market can't see beyond the end of its nose.4 months is a very long time on the stock market

[qs99] 06/1/2020 10:52

I get the hedge, but surely market can see beyond that as POG approaches $1,600? Strange old stock, but hopefully 2020 will be the year of change!

[fitton] 06/1/2020 09:57

Shanta is not gold price driven at the moment purley because of the size of the forward hedge but they will be sometime after May this year.Its more than possible the company could pay at least a 1p dividend per share this year which is currently a 10% yield.I am hoping for the share price to move up to the 18-20p range before the end of the year.

[jc2706] 06/1/2020 09:07

I prefer 'wrapper'!

[goodgrief] 06/1/2020 07:50

I mean rapper...

[goodgrief] 06/1/2020 07:49

The wrapper of the Shanta thread.

[jc2706] 06/1/2020 07:36

It's always had a role but now it is on a roll!

[johnrxx99] 06/1/2020 07:32

POG on a role