Shanta Gold Share Discussion Threads

[stmellons28] 28/5/2020 11:46

I topped up again today with a £9900 buy. I believe SHG is a bargain at this level & could multi bag within months. I am holding 30k so fingers crossed 😃

[338] 28/5/2020 10:54

Revenues from mining won't be enough to build TZ as a whole... the government must understand from what has happened in Zimbabwe... foreign miner like Shanta is there to help building the economy and society... So it is fair to give profit to shareholders

[redhill] 28/5/2020 10:07

Very unlikely that TZ government would want to take a stake in Singida and from what i have read about other Companies where the government holds a stake its probably not a good idea.
VAT coming back in dribs and drabs and i don't expect much better with the present government who are prioritising infrastructure projects.
Magufuli getting some bad press at the moment regarding his virus stance attempting to hold it back with prayers !

Just read that Barrick have paid $100 million to the TZ government on Tuesday so some of that may find its way to Shanta re a VAT refund.

[jasper2712] 28/5/2020 09:49

"come in for" should be replaced by steal a stake in SHG.

[chestnuts] 27/5/2020 23:35

FSA

THe tan Government owe around $20m in VAT refunds so to buy 20% they would have to give another $8m ish

[fsawatcher] 27/5/2020 21:20

or wot if the tan gov come in for a 20% stake in singda??

a different ways of givin some vat back??

dint tan gov get stake in acacia as part deal with barric??

[chestnuts] 27/5/2020 20:36

Instead of the ipo maybe one of the major farms in , even Barrick come up with the money now that would make a big smile on shareholders face. and a big move on the share price.

[redhill] 27/5/2020 18:36

I see there was a 604000 sale earlier in the day. That didn't help the price !

[chestnuts] 27/5/2020 17:33

I am not frightened by the localty and i think its very cheap and i think we will have news coming out very shortly about the Kenya deal.

[jasper2712] 27/5/2020 17:11

How can a goldminer have a Mcap of 17m and they aren't producing any gold at all and won't be until the end of the year 20k oz, be a better value on paper than this company Mcap 88m ? Shanta produce 80k oz/year.
Investors seem to be scared off probably by the country they operate in, the uncertainty of the financing of their projects and the issue with the VAT.

[chestnuts] 27/5/2020 15:24

Barrick and shanta will have already agreed on the price of the shares at 11.5p that’s how deals are done

[chestnuts] 27/5/2020 15:24

Barrick and shanta will have already agreed on the price of the shares at 11.5p that’s how deals are done

[plentymorefish] 27/5/2020 15:19

For clarity, a value of $7,500,000 in shares.....lower the price, the more shares they get....question is will they sell and create an overhang or hang on in the hope the shares will rise?.....

[hazl] 27/5/2020 15:16

Gold has its popular times.
A hedge also will be good at times and not at others.
Horses for courses.
I will compare it to various gold stocks myself.

[plentymorefish] 27/5/2020 15:16

Why would barrack want it at 11.5p as they're getting 7,500,000 shares in any case.....the lower the SP, the better for them surely as bigger bang for their buck?!…..

[redhill] 27/5/2020 15:04

Nothing to do with the hedge or the Barrick deal. Just short term holders moving on.

[chestnuts] 27/5/2020 14:35

I posted last week the flag the share price is in is more to do with the deal with barrick which will go through at 11.5p and nothing to do with hedge

[rb1206] 27/5/2020 14:10

Looks like it cant break 12p so down we go for now anyway......imho.

SP tried three attempts at 12p but failed, now gold is giving up ground and risk is back on as economy looking to open up.....all that is negative for now.

[juju44] 27/5/2020 13:54

Hedge has killed this as and you want another. !!!!

[plentymorefish] 27/5/2020 13:46

Single digits beckons......

[juju44] 27/5/2020 13:33

Unreal to me in an early gold bull market . What planet you on

[qs99] 27/5/2020 13:03

juj, wtf not a hedge at $1,700? Of course gold could go up, but you can hedge part of future production not all, likewise as a low cost producer it would bank in super profits so it is not "unreal". thanks

[andy] 27/5/2020 11:56

juju,

Agreed.

[jasper2712] 27/5/2020 11:45

risa5
I totally agree. They should stress that they would be very reluctant to invest more money into Singida without the support of the government i.e. VAT repayment.
If the Kenyan project is as good as is being made out, then they could say that it would take priority .
However ,I do not know, if the Kenyan government would be any easier to work with as I am sure I have read that they too were withholding VAT
SHG have now got a bit of leverage here and they should be using it.