Shanta Gold Share Discussion Threads

[338] 16/6/2020 14:38

The deal with Barrick has a value of 10p per share at least on the completion date 👍

[lowtrawler] 16/6/2020 13:42

There are really only 3 short term drivers on the price: Barrick; Singida, and: Gold prices. VAT and debt will naturally unwind. After these, it's delivering on their potential which will take patience.

[space_bob] 16/6/2020 12:52

I hope they release the good news soon - gold seems to be itching for the next leg up past $1750, so if they release the news during that it could be lost in the noise. Would be great to release the news within the next month, closely followed by a nice rise in gold.

[aim_trader] 16/6/2020 12:50

Shanta Gold will be presenting at the Proactive One2One Virtual Forum taking place on Thursday 18th June from 6pm. For details and registration, click here:

[amazoner] 16/6/2020 12:37

only Loan Notes to be repaid afterwards?

[redhill] 16/6/2020 12:34

Hedge will be cleared before year end.
Debt to Investec fully repaid 1st week in July.

[338] 16/6/2020 12:22

Outstanding of forward sales was only 27,304 oz in April... Could be under 20koz by end of this Q2

[space_bob] 16/6/2020 12:07

Product Fixed price Start date End date Quantity (Mark to market US$000)
Gold - USD 1,225 16/01/2020 31/03/2020 2,000 (659)
Gold - USD 1,224 16/01/2020 30/04/2020 2,000 (665)
Gold - USD 1,224 16/01/2020 29/05/2020 2,000 (670)
Gold - USD 1,223 16/01/2020 30/06/2020 4,000 (1,353)
Gold - USD 1,223 16/01/2020 31/07/2020 2,000 (683)
Gold - USD 1,264 16/01/2020 31/07/2020 2,000 (600)
Gold - USD 1,264 16/01/2020 27/08/2020 3,000 (907)
Gold - USD 1,252 16/01/2020 27/08/2020 1,000 (314)
Gold - USD 1,252 16/01/2020 30/09/2020 4,000 (1,267)
Gold - USD 1,251 16/01/2020 30/10/2020 4,000 (1,277)
Gold - USD 1,251 16/01/2020 30/11/2020 1,000 (322)
Gold - USD 1,251 16/01/2020 30/11/2020 3,000 (966)
Gold - USD 1,251 16/01/2020 31/12/2020 4,000 (1,298)
Gold - USD 1,250 16/01/2020 29/01/2021 3,000 (982)

The contracts run to Jan 2021, but they can be restructured. I think last year they cleared 5000oz? Is it feasible to clear 37000oz this year, almost half of all production or am I misunderstanding this? It would be good to get it cleared, but very painful to do so.

[chestnuts] 16/6/2020 11:25

Space bob

I thought i had read somewhere that the hedge would be finished by the end of this yr.

[brasso3] 16/6/2020 11:21

Does the hedging finish this month?

[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.