Shanta Gold Share Discussion Threads

[chestnuts] 12/3/2020 08:23

Red Hil
In Market crashes no one buys that’s what drops the price

[redhill] 12/3/2020 08:20

What's the point of Market makers ? 140000 shares sold this morning and they drop the price over 7 % !

[chestnuts] 11/3/2020 17:19

JC2706

We should all learn to say , "I am wrong" even if it hurts, it actually makes you feel better

[qs99] 11/3/2020 16:24

news tomorrow maybe?

[jc2706] 11/3/2020 15:34

chestnuts,

Good to see someone admitting their error on these boards!

[qs99] 11/3/2020 14:19

Interesting tick up?

[bozomurky] 11/3/2020 12:12

I think the “plonker”; said tax allowances, not taxes. You might wish to revisit.

[chestnuts] 11/3/2020 12:04

338
I apologise i misread your post

[fitton] 11/3/2020 10:26

Anglo Asian Mining is a fairly good comparison to Shanta.Anglo Asian current market cap £140m, no debt,slightly lower production and Slightly less risky country.Shanta market cap £74m and will be debt free later this year.I expect the Shanta share price to reflect this and would hope my target of 20p is achieved later this year.

[338] 11/3/2020 10:05

the Chancellor needs to raise tax allowance for few months...

[jc2706] 11/3/2020 09:50

More borrowers than savers unfortunately Redhill.

[redhill] 11/3/2020 09:46

The idea is to boost consumer spending. As i will receive less interest than before i'm more likely to spend less !

[338] 11/3/2020 08:01

Let's see how the financial market will react to this:

The Bank of England has announced an emergency cut in interest rates to shore up the economy amid the coronavirus outbreak.

Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history.

[jc2706] 10/3/2020 20:56

Any chance we can stop the tedious willy waving?

[trader365] 10/3/2020 20:28

338 - the direction is very clear. Why would one be trading against the tide by taking new long positions? I certainly wouldn't be long banks in this environment. I do have short positions running in Societe Generale, Citigroup and Barclays after they came up on my screener on 24th Feb. They have all exceeded targets and are left to run.

[338] 10/3/2020 12:18

trader365,

tell me what you have bought this week? big swings confuse you I guess... no clear direction..

[338] 10/3/2020 11:07

trader365,

have you applied your knowledge on SHG? ... or keep watching... lol

I had traded LLOY since yesterday... liquidity is much better comparing SHG

[imnotspartacus] 10/3/2020 09:28

Not short just decided to reduce my holdings 50%.

[nielsc] 10/3/2020 07:26

Imnot,On the day of full year results, 28th Feb, the price was 9.25p. Not sure where you are getting your prices from!Cheers,Niels

[nielsc] 10/3/2020 07:22

Imnot,There is a positive reason why debt repayments have been deferred.Are you short on SHG?Cheers,Niels

[338] 10/3/2020 07:12

It will be nice to see gold production above 2020 guidence... Q1 update is coming out in 5 weeks or so

[imnotspartacus] 10/3/2020 06:49

Red

On the day they announced the full years results the share price was 13p and fell to 9.5p, so not all down to virus fears. I just think they've been to clever with the accounting & also they say one thing & then change track when it suits. They promised to pay debt off in June & now it's extended to sometime in later that wasn't the plan that they've been telling us for the last 18 months. It's not good enough.

[nielsc] 10/3/2020 06:44

Stock markets are going down followed by gold going up followed by gold miners going up.The current price movements are to be expected.Cheers,Niels

[redhill] 09/3/2020 22:07

Imnotspartacus

You may not but i don't see how you can tell what other PI's think.
Drop is down to virus fears,profit taking and margin calls in my opinion.