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SHG Shanta Gold Limited

14.25
-0.275 (-1.89%)
Last Updated: 14:36:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.275 -1.89% 14.25 14.20 14.30 14.45 14.25 14.40 1,459,008 14:36:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 114.06M -2.3M -0.0022 -64.86 150.04M
Shanta Gold Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 14.53p. Over the last year, Shanta Gold shares have traded in a share price range of 8.70p to 14.80p.

Shanta Gold currently has 1,051,467,684 shares in issue. The market capitalisation of Shanta Gold is £150.04 million. Shanta Gold has a price to earnings ratio (PE ratio) of -64.86.

Shanta Gold Share Discussion Threads

Showing 33451 to 33472 of 57525 messages
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DateSubjectAuthorDiscuss
13/4/2020
12:28
not on my feed it isnt. $1692
c0lin1
13/4/2020
12:19
Spot gold over $1700.
redhill
11/4/2020
15:32
indeed 12 strings....let's see how next few weeks pans out, but if gold moves above $1,700 then I reckon he has hit on something.....let's see......DYOR as ever but am heavily gold miner weighted as think SHG, HUM, CEY, AAZ, should all be making material hay.....DYOR and Happy Easter
qs99
10/4/2020
19:13
Beware of detectortrader he has posted on many sites it’s a scam ,
alangriffbang
10/4/2020
14:35
QS99

Great link!!! If this guy is right (and we could really do with second opinions from those who understand all these trading methods), this is mega worrying, and justifies my long held concerns that have led me to buy gold and silver bullion as well as a major (for me) holding in SHG.

Goldsilver.com have previously commented on the recent breakdown between the gold paper and metal markets, but given no explanation other than strong metal demand and desperate attempts to hold the price down by paper shorts.

This fills in the detail - it's is hard to follow, but it really looks like the present global fiat monetary system is on its last legs.

12strings
10/4/2020
11:24
someone posted this on SRB thread....17 minutes on.....really interesting, lost me in a lot of places (haha) but sounded like gold was heading much much higher DYOR!
qs99
09/4/2020
15:10
Big turnover of shares so far today.
redhill
09/4/2020
12:45
Bought some back today due to things looking a little more positive with the pog moving in the right direction, etc.
imnotspartacus
09/4/2020
12:30
Gloop is playing with his ferrets !
redhill
09/4/2020
12:29
Rambler have been struggling for years.Hope its not the final nail in the coffin !
redhill
09/4/2020
10:36
lol, shame gloop isnt here
elpirata
09/4/2020
10:35
You mean one to avoid
juju44
09/4/2020
10:17
o/t Toby Bradbury has just been appointed NED at Rambler Metals (RMM) - one to have a look at for all Toby fans
elpirata
09/4/2020
08:30
I started purchasing Shanta last Sept due to the gold price, the company valuation at that time which I think was just a little less than current market cap and the quickly reducing debt situation.On paper its performed excellently compared to the rest of the market.Current profit on paper 0%.I am buying again this morning not because of the IC article but because I am keeping my fingers crossed that debt should be eliminated near the end of the year and the company will hopefully pay a dividend.I am hoping that as the stock market picks up the potential upside on the main market will become less and investors will start looking at the more speculative stock with potential such as Shanta.
fitton
09/4/2020
07:34
Look at the chart since January. What a good steady riser it has been!
hazl
09/4/2020
07:32
thanks risa5 what a supportive article at this time!
hazl
09/4/2020
07:14
and off it goes
qs99
08/4/2020
19:42
Great, nice to see some positive IR at work! Need all the help we can get to hit 338's 48p!!!

At least gold price is holding $1,600 nicely

DYOR

qs99
08/4/2020
19:26
thanks risa5
redhill
08/4/2020
18:34
Tips of the Week 2 hours ago
Shanta: as good as gold

It's an understatement that investors must be extra picky in the current environment. Any company worth looking at needs to have low debt, variable spending commitments and, ideally, a product that is likely to maintain its price.

Gold ticks that last box easily. While its price fell in February and the first two weeks of March as sellers looked to cover other losses, the yellow metal has since rebounded to over $1,650 an ounce. Broker BMO Capital Markets forecasts that the gold price will average $1,654 this year, almost 20 per cent higher than last year, and gold-friendly interest rates do not look like going away anytime soon.

Tanzania-focused miner Shanta Gold (SHG) fits those other two criteria as well. It cut net debt by over half during 2019 to $14.3m (£11.6m), and its expansionary spending is largely on exploration. This can be cut fairly easily. The gold reserves in its licence areas are not going anywhere if exploration is delayed.

True, production is riskier for Shanta as more countries shut down industrial operations to limit the spread of Covid-19, although Tanzania itself has limited cases so far. Shanta guided to production of 80,000-85,000 ounces (oz) of gold this year, at an all-in sustaining cost of $830-$880 an ounce. In 2019 the company produced 84,506 oz and had net operating cash flow of $37.6m.

One constraint on earnings this year is the amount of gold sold forward at $1,244 an oz. As of 31 January, this was 37,000 oz. While this can be pushed forward, Shanta had to hand over 5,000 oz at that price last year, and sold 3,000 oz forward in January.

On top of the New Luika mine, which is its sole source of revenue, the company has the Singida project and a newly acquired West Kenya project. Singida could be a 20,000-oz-a-year operation, but Shanta has been hampered by financing, while the Tanzanian government has gone after fellow gold miner Barrick Gold (Can:ABX) in its former guise of Acacia Mining. The government of John Magufuli, up for re-election later in the year, also changed the mining rules in 2017 to increase the state's royalty take. Shanta’s workaround for investors’ mistrust of Tanzania is a plan to list a separate company locally, raising $15m.

Meanwhile, West Kenya may add more to Shanta’s share price when the deal – worth $7m in cash and $7.5m-worth of shares – is completed mid year. House broker Numis Securities values it at 4ȼ a share, and Singida at 2ȼ a share. The project has reserves of 1.2m ounces spread across two deposits and, while field work could be slowed by Covid-19, Shanta has said it can work on a scoping study once it has vendor Barrick’s data. The scoping study will give an idea both of the project’s underlying value and potential paths to production. Being outside Tanzania, financing should come more easily.

IC View

Shanta has had a rough few years as the Tanzania factor scared investors off. But the group now looks in good shape to cope with disruption and uncertainty. Its prospects are buoyed by the current strength of the gold price, and its reserves at New Luika and West Kenya should add a buzz in the coming years. Buy.

risa5
08/4/2020
17:16
Tipped in the IC - 'good as gold'

The East African gold miner looks in better shape than for some time, while global uncertainty can only help its share price'

mirabeau
08/4/2020
14:13
I did the same as fitton. Selling some SHG bought at ridiculously low levels to buy investment trusts. Still looking to hold long term but acting on opportunity.
shieldbug
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