Shanta Gold Share Discussion Threads

[imnotspartacus] 20/2/2020 08:15

JC

From memory I think they said 8mil per year, so now that should be easy for them.

[338] 20/2/2020 07:58

"much faster and sustainable " future growth 👍

[jc2706] 20/2/2020 07:52

I ought to say that I do think that this is an appropriate thing to do and certainly makes the company as a whole a more stable platform for future growth.

[jc2706] 20/2/2020 07:51

Imnotspartacus,

Possibly and that does tie up with previous statements from the BoD. However, the new asset is going to require investment to move it forward and I suspect that is going to be a priority if a decision has to be made between it and returning capital.

[redhill] 20/2/2020 07:44

Certainly gives them greater financial flexibility but the sooner we clear this the better in my opinion.

[338] 20/2/2020 07:31

A year extension of convertible notes is good, whilst opening an option to repay it sooner.

[imnotspartacus] 20/2/2020 07:31

Delaying the repayment could mean they could pay a divi this year.

[jc2706] 20/2/2020 07:30

Pretty predictable that they would kick the can down the road on these notes given the Barrick deal. You have to think that returning capital is likely to be delayed as well this year (with investment in Kenya given as the reason) unless there is a further significant rise in the gold price.

[chestnuts] 20/2/2020 07:14

Redhill

Just because it showed 2 large transaction of shares doesn’t mean the mm were not selling on other days all it shows was that the sell order was completed on those days.

[qs99] 20/2/2020 07:07

Boom, that should help remove some uncertainty IMO/DYOR

[redhill] 19/2/2020 21:23

juju44

Yet there is no sign of much selling at present. Remember R & M sold their shares in two large blocks on one day.

[338] 19/2/2020 21:07

SHG 🚀

[juju44] 19/2/2020 20:32

Well someone as to be selling in quantity .R&M probably dumping the rest of their holding

[redhill] 19/2/2020 20:20

QS99

I don't think they are. I believe they issued the RNS after being notified the selling had finished.

[qs99] 19/2/2020 19:10

Why is R&M still selling then? When pog heading north and SHG delivering? Don’t get it really but there you go

[338] 19/2/2020 19:02

Citi (C) just raised its price target on gold to $2,000 an ounce within the next 24 months, with analysts writing that the precious metal will remain “resilient during ongoing risk market rallies but a better hedge during sell-offs and vol spikes.

[338] 19/2/2020 18:58

Two reasons to buy gold, even at over $1600 an ounce

[jc2706] 19/2/2020 14:29

I don't think that it is surprising that business is heavily impacted when 500 million people are in lock down in China due to the virus.

[338] 19/2/2020 14:16

this could trigger more profit warning in retail sector?

Adidas says business activity in China has dropped 85% due to coronavirus
From Chris Liakos, CNN Business

[338] 19/2/2020 13:20

Perhaps River and Mercantile are still unloading Shanta's shares...

[338] 19/2/2020 13:00

Nice if Shanta can also speed up debt repayment... however, I don't mind delaying debt payment to purchase more good assets from Barrick again

[mad foetus] 19/2/2020 12:08

Certainly seeing some buys today, struggle to see why the bid isn't 12.5

[juju44] 19/2/2020 11:39

Has to be a big seller about

[mad foetus] 19/2/2020 10:49

For a company in such a sweet spot with such a positive chart to be so under the radar is surprising but if it carries on rising 1-2p a month I'll be happy

[redhill] 19/2/2020 10:06

A plague upon them !!!!!!!!!