Shanta Gold Share Discussion Threads

[338] 22/2/2020 07:50

I like to see some traders joining Shanta board making noise whatever they like for their interest of making an excessive desire for wealth in short space 😂

A profitable gold miner with sustainable growth has to be developed in a decade or so.

What does experienced investor want from a progressing company?
Daily trading the share or staying long for ten baggers!

See you at 45p 👍

[trader365] 22/2/2020 03:51

Ho dear

"everybody said this is going to go up" (everybody = idiots on an internet stock BB)

Alangriffbang - your dear ole uncle Arthurgriffbang has passed away, he has left £61m in his will, you are his only surviving relative. Please forward me your name address and bank details so I can pass on your inheritance. Please PM all your details so we can keep them secret and just between ourselves

[alangriffbang] 21/2/2020 21:56

338 I was asked what the report said in the times ,I am 81 years of age I bought Centamin at £1 36 p it went up to 1 60p and I should have sold everybody said this is going to go up and up ,and look what happened it dropped right back ,and I had to wait for ages till I sold at £1 38p what’s your problem ,I used to own a lot of avocet and lost a lot of money ,I am wary but that’s my problem and not yours ,I’ve only recently bought shanta at 11.50 p look after your own investments not mine ,

[338] 21/2/2020 21:32

Alangriffbang has invested inn gold shares over last 60 years... where his post started in December 2019... Telling people he bought Centamin at £1.36

What a story 😂

If he is an experience gold investor, he should have bought SHG last year 🚀

[chestnuts] 21/2/2020 21:29

When the likes of the Times or goldman sachs says buy do the opposite and when they say avoid you know its a buy, this is not uncommon as they are buyers, after all if you look at the GBP in gold terms it went up because of the weak pound, and if you look at the world economy its built on a debt mountain and the central banks have no idea how they are going to get out of it and the catalyst looks like coronavirus, all the economies who rely on China as their manufacturer centre are going to suffer badly and the debt bomb is going to explode, and the countries around the world may have to have a reset like they did in July 1944 at Bretton Woods. What ever you do is buy keep buying gold and silver and gold and silver miners.

[alangriffbang] 21/2/2020 20:51

JC2706 ,this was a report in today’s times ,I don’t have my own view ,I hope this share does very well ,I have invested in gold shares over the last sixty years and it’s always been a bumpy ride ,lets keep everything crossed ,

[jc2706] 21/2/2020 19:28

No problem 12strings. Nothing goes up in a straight line.

[jc2706] 21/2/2020 19:27

Ha! Given a medium to long term view I would suggest the exact opposite - position around gold but avoid palladium (and Rhodium). Too much speculative froth in the latter. Short term they could be right, particularly if the gold price is being driven by Covid-19 as short term gold price drivers tend to correct (and usually brutally).

[12strings] 21/2/2020 19:27

Thanks for correcting me JC2706. There was no punctuation in nthe very brief statement and I clearly read it wrongly - perhaps because I was looking for the reason why the share price had stalled during the last few days.
Apologies for my earlier misleading post!

[alangriffbang] 21/2/2020 18:53

Redhill ,there is a lot to it ,but it says avoid, price is to driven by speculative sentiment and taking a short term position risks being severely burned ,it carries on and says when the glister comes off gold it will give palladium a greater chance to shine ,and goes on to say buy , catalytic converters and hybrid cars underpin demand ,

[redhill] 21/2/2020 18:24

Alangriffbang

Did they say why ?

[alangriffbang] 21/2/2020 17:46

JC2706 ,an article in the business section of today’s times ,finished up by telling everybody to avoid all gold shares ,this doesn’t help when people read this ,

[jc2706] 21/2/2020 16:52

Shanta has been benefiting from the gold price as they have rolled over the hedge. Of course, there must be some provision to account for the eventual closing of the hedge but the short term cash boost has been useful over the last few months.

[bignads] 21/2/2020 16:31

SHG has had a great run and continues to be a strong share with plenty of room for growth.

Investors are seeking out companies with unhedged positions though in the short term as they will be the ones to benefit immediately from the explosion in the gold price. Hence, Shanta has been slightly overlooked in today's producer mini bull market.

It will be driving management mad that they are hedged at the moment, so I would expect to see every effort made to pay down loans asap, and the news this week gives them the flexibility to bring forward as well as delay repayment. The company is going to be heavily cash flow generative ("the debt is melting off the balance sheet" in the words of the CEO) though, so it is just a short matter of time.

[jc2706] 21/2/2020 16:23

12strings,

You need to post a bit more of the report:

Anglo American (AAL LN) – Strong results but a rocky year ahead

Shanta Gold (SHG LN) – Convertible note restructuring post acquisition of Kenyan assets

So the 'rocky year' refers to Anglo rather than Shanta.

[12strings] 21/2/2020 16:14

An important fact to remember is that the co has said in their 14th November investor presentation that the balance sheet would be "net cash" "sometime in 2020". This ties in with the last 40,000 oz of gold being hedged. Hence H2 2020 will be unhedged and profits will increase massively.

So why is the share price not reacting. Share prices are forward looking aren't they??

I just found this ...

"SP Angel . Morning View . Thursday 20 02 20 China cuts rates as Coronavirus hits output MiFID II exempt information – see disclaimer below Anglo American (LON:AAL) – Strong results but a rocky year ahead Shanta Gold (LON:SHG) – Convertible note restructuring post acquisition of Kenyan assets

Seem like the last RNS has caused some nervousness, though I don't understand why.

[12strings] 21/2/2020 16:14

An important fact to remember is that the co has said in their 14th November investor presentation that the balance sheet would be "net cash" "sometime in 2020". This ties in with the last 40,000 oz of gold being hedged. Hence H2 2020 will be unhedged and profits will increase massively.

So why is the share price not reacting. Share prices are forward looking aren't they??

I just found this ...

"SP Angel . Morning View . Thursday 20 02 20 China cuts rates as Coronavirus hits output MiFID II exempt information – see disclaimer below Anglo American (LON:AAL) – Strong results but a rocky year ahead Shanta Gold (LON:SHG) – Convertible note restructuring post acquisition of Kenyan assets

Seem like the last RNS has caused some nervousness, though I don't understand why.

[chestnuts] 21/2/2020 16:04

THe sell are 12.39 ish and buy 12.47 ish

[hamp] 21/2/2020 13:19

thank you redhill,usefull to know.

[scoble2] 21/2/2020 13:09

GOLD IS UP
1,637.99

+21.39+1.32%

[338] 21/2/2020 12:21

Full year report and Singida update will be released next week...

[338] 21/2/2020 12:20

Dow, Nasdaq and S&P 500 can move south significantly today

[redhill] 21/2/2020 10:03

hamp

If its done below mid price it will always show as a sell on ADVFN. Its just the way the programme is set up.

[hamp] 21/2/2020 09:33

up to their old tricks!just done a buy,marked as a sell.