Shanta Gold Share Discussion Threads

[trader365] 31/3/2020 17:17

This document shows how widespread the problem is.

[trader365] 31/3/2020 15:11

Another clueless idiot with his head buried in the sand, destined to lose money thro pigheadedness. It will be entertaining to watch it play out.

[alangriffbang] 31/3/2020 15:05

Filter him Redhill life is so much better I promise you ,

[redhill] 31/3/2020 13:56

trader365

Now you are just being mischievous unless you have hard facts to back that up !

There are only 19 cases of coronavirus reported in the whole of Tanzania.

[trader365] 31/3/2020 13:29

A possible production halt at SHG?

[redhill] 31/3/2020 10:14

Alangriffbang.

No it doesn't and quite understandable. This information is put together by an outside agency and who knows whether they have the staff available to finish this in time.
Maybe you haven't noticed there is a pandemic going on !

[jc2706] 31/3/2020 10:11

Good grief.

[alangriffbang] 31/3/2020 10:01

Why has it been delayed ,should be easy , this now makes all posters nervous at what they are hiding ,for the shareholders to get this to rise they need to get there act together ,

[redhill] 31/3/2020 09:35

Updated reserves & resources due March looks like its been delayed.

[jc2706] 27/3/2020 16:47

I actually think that short term there is a risk of the dollar strengthening considerably but long term, yes, I agree that it will weaken. Very long term I think that it is toast as its role as the reserve currency will increasingly come under threat. But we are talking decades there.

[qs99] 27/3/2020 14:59

I think the $ weakness will amplify which IMO will help gold....maybe market will wake up to that fact....and that not all miners will be closing ops DYOR

[jc2706] 27/3/2020 14:52

Of course, the one factor also to be considered is who are the companies that will still be mining given coronavirus.

[jc2706] 27/3/2020 14:42

Better.

Long term, very positive. Short term I suspect that we will have another leg down in all assets including gold. If you look at GDX and GDXJ today they are both off sharply (as are many gold miners on the UK market) which often preceeds a downturn in gold.

My view is that there will be a very good opportunity to buy heavily in a short while. I don't think that we are quite there yet.

[juju44] 27/3/2020 13:05

JC what is your view of the potential impact of the current level of money printing on the price of gold and the subsequent impact on the PM miners ?

[jc2706] 27/3/2020 11:35

Juju44,

You will give us a warning when you are going to make an intelligent comment, won't you? It would be such a shock to the system that I fear even those with strong constitutions may be badly affected.

[jc2706] 26/3/2020 16:29

Apologies for my last reply. I didn't mean to be so terse but was not in a position to respond more fully.

I think the retrace was purely down to the market being very jumpy. Any rise in gold/wider market attracts buyers but the first sign of a downturn results in selling. This is a traders market and we all know how bad at it most of those are. At some point there will be an excellent opportunity to ride the wave higher in gold miners but we are not yet in that 'mania' phase.

[qs99] 26/3/2020 15:01

TNZ only has 12 cases reported so far.....let's see....some golders reporting that isolated mining communities coping well.....GLA

[338] 26/3/2020 14:47

CMCL, period of lockdown in South Africa won't affect their production and cash in hand increased $3.6m

Will shanta release a similar note soon

[qs99] 26/3/2020 14:04

SRB is very specific.....IMO

Gold now turned +ve.....

[alangriffbang] 26/3/2020 13:11

So what do you think it is JC ,

[jc2706] 26/3/2020 12:47

I doubt it

[alangriffbang] 26/3/2020 12:44

Redhill it is linked to serabi mining which has tanked this morning ,