Shanta Gold Share Discussion Threads

[hazl] 10/2/2020 10:11

thanks....

[donald pond] 10/2/2020 09:59

Thy are: ABF, AVV, BARC, ENQ, ERGO, FDEV, GFRD, GAMA, GOOD, JDG, LGEN, MGP, POG, PFD, RNK, RMV, RCH, RRE, SHG, SOLI
Based on combination of either Quality/Value and Momentum

[hazl] 10/2/2020 09:47

I didn't know that about the Stockopedia call MF.
What were the rest ?

8-)

[juju44] 10/2/2020 09:23

Apart from the misjudged hedge they are doing all the right things and a big re-rate is overdue

[mad foetus] 10/2/2020 09:18

There's an analyst call at 9.30, this looks a very good deal and that may put more detail out there. I was reminded yesterday that SHG was one of Stockopedia's naps for 2020. The price of gold and actions of company are all spot on right now, just need the share price to go through the gears

[juju44] 10/2/2020 09:15

Shanta never seems to do well on news

[kennyp52] 10/2/2020 09:09

QS99 .. agree with your assessment . Don’t need city boys round this one IMO . Tread carefully and self fund as much as possible as finance is likely to be very expensive. Barricks stake might be important moving forward .

[qs99] 10/2/2020 08:48

So the incentive is to keep waking market up to the delivery of SHG and get the shares re-rated, so that any issuance is not too dilutive. Incentive for management and think over last year or so they have delivered to what they said they would, so credibility at the moment is very good. DYOR etc, but easily lost so they do need to tread carefully, but looks a decent deal IMO at face value....

[kennyp52] 10/2/2020 08:45

Does acquisition mean they need to fund the building of a new mine ? Looks like they will be buying explored resource that is currently not being mined . If so how do they fund ? ... sounds like further dilution in the future when we get sold on all of the optimism .

[qs99] 10/2/2020 08:16

nice new high, but also need Market to digest this IMO....

[qs99] 10/2/2020 08:09

Doesn't appear IMO to be much stock around DYOR

[qs99] 10/2/2020 07:53

"Increases Shanta's high-quality gold resource inventory to over 3 Moz contained gold with the prospect of future growth"

that is the bit I like......still potential to be debt free, producing un-hedged gold and exploration upside IMO within 12-18 months....48p could be a realistic target now 338 mate!

GLA and DYOR

[redhill] 10/2/2020 07:47

338

Good thought there 338.

[338] 10/2/2020 07:44

Very positive if the cash paid to Barrick comes from VAT refund 👍

[redhill] 10/2/2020 07:29

Should be positive for the shares.

[redhill] 10/2/2020 07:28

338

They could but they could also attempt to purchase Shanta any time without this.

I don't get the impression that Barrick wish to expand in this region .More like reduce their presence after the Acacia experience.

Still conference call later this morning will hopefully explain all.

[hazl] 10/2/2020 07:27

interesting.....

[jc2706] 10/2/2020 07:27

I confess that I didn't see that one coming. I wouldn't focus on a Barrick takeover at this stage. Geographic diversification is of more interest currently.

[338] 10/2/2020 07:24

Hopefully, Shanta can keep the plan of debt free intact this year

[338] 10/2/2020 07:16

Barrick can easily increase the shares to 20% then takeover Shanta for cheaper price and will own back the Kenya's project

[338] 10/2/2020 07:14

This acquisition has changed the game..


SHANTA GOLD TO ACQUIRE BARRICK'S KENYA GOLD PROJECTS

[juju44] 09/2/2020 21:12

Nice bull flag now . I expect a move north soon

[redhill] 08/2/2020 17:22

I assume they are not just a little late in picking up the performance related share bonuses granted at the end of the month.

[johnrxx99] 08/2/2020 02:23

Purchases on the 6th Feb by the way - reported on Sharescope but no RNS so far.