Shanta Gold Share Discussion Threads

[chestnuts] 26/2/2020 19:00

Trader

In 2008 there was an alternative wait till the first town in USA is quarantined

[trader365] 26/2/2020 18:35

zcaprd7 - Cash is also a position. The winners of the 2008 crash were the ones that went to cash or shorted the market via ISA held inverse ETF's such as XUKS, SUK2 or UK3S

The losers in 2008 were the ones that blindly held on in the belief that prices will recover. Some prices recovered but some (such as LLOY, BARC, RBS) have not recovered over a decade later.

If you lose:
5% you'll only need to gain 5.2% to recover
10% you'll only need to gain 11.1% to recover
20% you'll need to gain 25% to recover
50% you'll need to gain 100% to recover
75% you'll need to gain 300% to recover
80% you'll need to gain 400% to recover
85% you'll need to gain 566% to recover
90% you'll need to gain 900% to recover
95% you'll need to gain 1900% to recover
99% you'll need to gain 9900% to recover

In 2008 people who held CEY in the belief that gold shares would rise in a falling market watched their shares lose 72% of their value, they then needed to gain 257% to get back to square one.

[sjm123] 26/2/2020 18:30

Where else would they pay the dividends that he’s been going on about from?

[redhill] 26/2/2020 18:29

It took very few sells this morning for the Market Makers to start marking this down.If only they moved up on that volume of buys !

Hopefully they will get enough stock back so that the share can move up again.

[zcaprd7] 26/2/2020 17:20

But, by banking a profit, you have to hold it as cash, which isn't a great idea?

[trader365] 26/2/2020 15:57

In a sell off EVERYTHING will fall, including gold and gold stocks. Look back to 2008 CEY lost 72% in a few months, gold lost 25%. Gold could easily drop back to 1400 or lower after the recent huge run

[zcaprd7] 26/2/2020 15:50

I understand its a market sell off, but indiscriminate selling of gold producing assets seems a tad short sighted?

[trader365] 26/2/2020 15:38

QS99 last year nobody was surprised on the 20% pullback from 10p to 8p, a pullback to 10p from here would be just normal share price volatility. If gold pulls back then the pullback here could be far greater than 20%. Dont forget only 12 months ago these were 5p, many people have over 100% profit at these levels

[sjm123] 26/2/2020 14:37

Absolutely, I don’t think Mr Zurrin will disappoint, it would be good to see some evidence that they are preparing to pay dividends, and more information on the tax situation. Finally in his comments, it would be nice to see them shed some light on some of the new acquisitions.

[338] 26/2/2020 13:30

I don't expect anything new in the Final Report... do you expect "surpise"?... such as write off or provision?

Q1 Report next April will be much better than last year I guess.

[qs99] 26/2/2020 13:16

Gold up c.30% in that year as well, so despite hedge, operational leverage and "inherent" value in SHG (and new deal) should mean share price much higher than recent highs IMO, so 20% pullback would be nuts trader.

May happen as you say as profit takers etc.....

[trader365] 26/2/2020 12:42

The price has more than doubled in less than a year, 20% or more pullback is to be expected, support at 10p

[sjm123] 26/2/2020 12:25

My opinion- market makers bought in big thinking there was going to be a heavy day trading due to original eoy results being today. No results till Friday now so lots of stock- not so many buyers, shares down. Interesting to see as I post this, about 130k bought in today, 160k sold, yet a drop in price by 7 percent... hmm

[qs99] 26/2/2020 11:35

well done you

[blue sky territory] 26/2/2020 11:26

Nice dip to buy into this morning.

[qs99] 26/2/2020 11:19

Indeed JC.....looks like a worked order maybe? 1.35p down for no reason when gold is holding up reasonably well IMO looks nuts.

Virus and economic impact looks to be hitting sclerotic growth Europe now, Korea etc....IMO gold should continue to benefit once the impacts become clearer....DYOR

[jc2706] 26/2/2020 11:10

It is interesting how people trim their winners and invest in their losers. Human psychology but completely the wrong thing to do!

[fitton] 26/2/2020 11:03

I would suggest today’s fall is due to holders selling out of shares in which they are in profit to pay for losses elsewhere.Something I have failed to do, hence gone from good profit to large loss

[jc2706] 26/2/2020 10:44

Mortality rate is based on the percentage of those who catch the disease and die. For influenza that is a rate of less than 0.01% whereas the information we have available currently, admittedly not yet conclusive, is suggestive of a mortality rate of 1% or so.

The key to how many die is how many catch it obviously. Quarantines are not put in place to contain influenza so the number who contract it is relatively high. If COVID-19 is allowed to spread in the same way then the number of deaths would be commensurately higher.

[jasper2712] 26/2/2020 09:44

"has a mortality rate a hundred or more times higher than influenza."
Where is this coming from? Flu kills more people EVERY year compared to this virus. If the media were to report on flu outbreaks around the world with the same vigour then we would all be running for our Hazchem suits. It is mass panic that we are seeing. Masks are ineffective but everyone has to have one. If you are fit and healthy there should be no problem. Even when told this the media has whipped it up into a frenzy and it could be driven by market forces.

[338] 26/2/2020 08:23

Coronavirus: Mastercard cuts revenue outlook on travel and commerce virus hit –

It can be massive, perhaps in billions of US Dollar

[jc2706] 26/2/2020 08:22

Personally I never watch Bloomberg.

If you dismiss the potential impact of COVID-19 then you are fooling yourself. It appears to be significantly more infectious than SARS or MERS and has a mortality rate a hundred or more times higher than influenza. If those facts play out across the population you are talking about a significant number of deaths.

Actions can obviously be taken to attempt to mitigate the impact but those actions themselves will impact the real economy.

[338] 26/2/2020 07:37

Loose monetary policies, reckless money printing and quantitative easing will be intensified to revive economic growth post coronavirus outbreak.

However, we witness that most developed economies have never emerged from the ultra-low (or negative rate) environment since the 2008 global financial crisis.


“Gold thrives in that sort of environment"

Shanta's profit margin keeps rising in line with higher average gold selling price and better efficiency 👍

[trader365] 25/2/2020 23:41

I see $2000 gold in the next 2 years but volatility is increasing and a pullback is inevitable, the only thing we don't know is how deep the pullback will be and how long it will last.

Note this from your post...

"There is no known coronavirus outbreak in the office"

I reiterate: storm in a teacup, Bloomberg is front running his army of sheep again.

Do you think he made $60b from a website and a TV channel? Not a chance!

Front running his news broadcasts is where he made the money, the sheep are believing the stories and doing as they are told to do