Shanta Gold Share Discussion Threads

[lowtrawler] 16/6/2020 11:19

VAT... who knows?Barrick.... Any daySingida.... ImminentHedge.... End of this yearDebt.... Next few months

[space_bob] 16/6/2020 11:17

Barrick Deal completed
Sing financing deal completed,
Debt will disappear in next few months
Gold going up or just staying where its at

All these could happen in the next two weeks.

VAT refund
Hedge finished or very close

VAT is likely to be offset against other taxes, so could be end of year and the Hedge is gradual, so it will go down but unlikely to be finished before the end of the year.

[amazoner] 16/6/2020 11:13

plentymorefish and chesnuts. are those news to be released in days or months?

[lowtrawler] 16/6/2020 11:04

Each piece of news mentioned should be price accretive, if there are no surprises. Completing the deal with Barrick should add around 3p, in my view. Everything together should see us around 20p with more to come if we start delivering on the prospects and gold keeps rising.

[chestnuts] 16/6/2020 11:01

Game changer

It will be all collective news combined ie

VAT refund
Barrick Deal completed
Sing financing deal completed,
Hedge finished or very close
Debt will disappear in next few months
Gold going up or just staying where its at

Its a very good story collective

[plentymorefish] 16/6/2020 10:47

A dividend!.....

[amazoner] 16/6/2020 10:40

REDHILL and risa5. which news will be the game changer. debt payment?

[plentymorefish] 16/6/2020 10:18

In view of all that (positive) stuff coming up....any ideas why it's just oscillating between 10.5-11.5 for the last couple of months?....

[risa5] 16/6/2020 10:16

Plus end of Investec as a secure lender by the end of the month.

[redhill] 16/6/2020 09:59

amazoner

News due on updated drilling at New Luika and news due on Singida financing .Also awaiting Kenyan permits to complete Barrick deal so expecting news any day.
Also quarterly update due in a few weeks.

[amazoner] 16/6/2020 09:44

I will wait and see until Thursday.

[stmellons28] 16/6/2020 08:48

Luke of Shanti Gold is speaking about the company on Thursday with proactive, he should have a lot to say so well worth a buy in my opinion. I’m currently still buying on the dips & Shanti is my biggest holding with 40k invested at average of 11.3p.Good luck guys as I can see 18 -20p in the coming months, it could happen even quicker.

[amazoner] 16/6/2020 08:36

shanta is on my radar. any news in the pipeline?

[jc2706] 14/6/2020 22:00

I agree on gold by the way and suspect that you are right on the technology companies ultimately but it is going to be some time yet.

[jc2706] 14/6/2020 21:59

Chestnuts,

It won't take a lot of fall in demand to hit the oil price hard but I agree it is not going to disappear quite yet.

Not sure I agree with you on EV. Yet to be convinced that hydrogen has anywhere near the penetration to suggest it is going to beat EV. Only Japan has any sort of teal take up the last I looked although China were a potential market. But whatever the case demand for oil is going to be impacted, initially a curtailment is the increase but I suspect a drop will be sooner than a lot expect.

[chestnuts] 13/6/2020 10:44

JC2706

One thing i have learnt is that no matter what energy is king , we cant live with out it, saying that they have made big strides with EV but only if you live in a nice warm climate, but i dont think EV will be the next generation car, there is too much disruption with the change over , i think it will be Hydrogen cars ;there is less disruption except on production and conversion of petrol stations, the main thing it as to a natural change over and not a forced one like we have our governments are trying to force car manufactures into EV when the cars are just not good enough, the technology is just not ready, But saying all this oil will be with us for at least 20yrs,
As for gold it will be here far longer than the USD is reserve currency so i expect gold to be several times higher than it is now , my price for gold when the system collapses is $8602.

Technology companies like Amazon Apple and others will fall back as people realise Amazon is just a warehouse and apple is just a phone.

Gold is money and fear of losing what they have saved up will force them to buy gold and silver, that is if we dont have another Bretton woods , which is a very good possibility and probably sooner than any one could imagine. I like July 19th.

[jc2706] 13/6/2020 10:07

I confess that this is almost the opposite of how I see the world at the moment! Long term technology is probably going to go well (we haven't fallen out of love with them yet) but in the short to medium term I certainly prefer gold and can make an investment case for oil (but not long term - oil is a dead duck long term).

[space_bob] 12/6/2020 20:51

hxxps://www.gurufocus.com/news/1136986/majedie-asset-management-ltd-buys-boston-scientific-corp-fiserv-inc-ebay-inc-sells-barrick-gold-corp-booking-holdings-inc-first-republic-bank
Doubt it's anything to do with the Patels, their portfolio is (was) heavily weighted to gold miners and oil. Looks like they've sold out of much of the oil and reduced their exposure to gold, replacing it with tech stocks.

[chestnuts] 12/6/2020 19:51

free stock charts from uk.advfn.com

[redhill] 12/6/2020 18:38

I agree. Certainly not the usual pattern of trading.

Obviously price being held back & of course it all makes sense now.
I believe that Majedie asset Management Ltd are connected to the Patel's and have been a significant holder of Shanta shares since day 1.
I thought it unusual to see they had reduced their holding but who better to drip feed the market and keep the price steady.

[jc2706] 12/6/2020 16:02

If I had to guess it looks like representatives of our two institutional sellers are just drip feeding enough to balance the market.

[bogotatrader] 12/6/2020 15:35

Captain hold her steady she's going to blow any day now...

[chestnuts] 12/6/2020 15:30

The tighter the coil the bigger and faster the spring

[lowtrawler] 12/6/2020 15:29

Don't know what gold price you are looking at but Kitco show it's not gone above 1746.2 today. They are generally seen as a reliable source.