Shanta Gold Share Discussion Threads

[bogotatrader] 18/6/2020 18:07

Towards close Shore Capital went on the bid at 10.75 the offer was 11.00 but stock was being offered at 11.14.....couple of trades at 11.00 and the MM offer ticked up to 11.50....looked well bid towards close..

Proactive presentation has started with Shanta on on about 40 minutes

[jc2706] 18/6/2020 16:54

Interesting that SHG has been bid up again towards the close. It seems that we have morning downs and late ups these days. I'm beginning to think that the UK market actually wants to go down but it is catching a bid from across the pond. The US market is pretty inflated currently made even worse when you consider the quality of the earnings and the levels of debt. But it wants to go up.....

[jc2706] 18/6/2020 16:01

Must remember not to confuse resource with reserve. It is the resource that is over 1m oz rather than the reserve. The reserves combined with recovery rates determine the mine life/production as they define the economic viability at a given gold price.

[338] 18/6/2020 15:56

How long will it take for Singida to start producing gold?... It should be less than 2 years, I think.

[338] 18/6/2020 15:54

At the end of 2020, PoG is predicted over $2000 and Shanta has zero hedging... Net profit will be massive

[338] 18/6/2020 15:50

True, gold reserve at NL is over 1,000 koz with average AISC under $1000 from now to many years to come

[jc2706] 18/6/2020 15:34

Whilst the headline is mine life until 2024, given the resources and the historical conversion rate of those to reserves I would not be too concerned about this. As has been said, the drill results have been excellent and these should feed into a continued replenishment of the resources/reserves. I continue to have more concern about the VAT being withheld!

[space_bob] 18/6/2020 15:18

REDHILL, yes sorry 4 years mine life left. Plus lots of lower grade stuff that could become economic if gold stays high?

[space_bob] 18/6/2020 15:16

I think what's needed is tangible results. We can all see the potential upside, but I think some of it needs to actually happen before Shanta regains trust. Hopefully in the very very near future many of the black marks will be gone.
Once it's on an even keel, I'd quite like to see a merger or acquisition. A few gold miners seem to suffer from the risk of lack of geographic diversification. I think combined they would be greater that the sum of its parts. Who knows, maybe next year it could happen.

[redhill] 18/6/2020 15:07

spacebob / RB1206

There is at least 4 years mine life left at NL with no doubt further extensions to come.

[roguetreader] 18/6/2020 14:57

I have to say that I'm more a half cup full person here. The fact they haven't published the new NLGM reserves and resources apart. I think the NLGM drill returns have looked v good; they have more than replaced depletion; Debt is almost gone; Singida with gold price maintaining $1600 - $1700 level is looking good; West Kenya is a possible game changer for the medium-long term. IMO extremely undervalued :).

[rb1206] 18/6/2020 14:35

Realistically ; SHG past may be coming to haunt them. Current management excluded, they have been completely unreliable, saying one thing doing another. NLGM have only 2/3 years lifeline left (Unless extended) and they have to pay off debt, clear the hedge etc etc. NLGM is the only thing you can count on....bird in hard theory.

Singida and Kenya not producing anything and million things can go wrong with them (I hope it doesn't). Hence the current price.....imho.

[32campomar] 18/6/2020 13:35

I certainly wouldn't want to be out for that announcement!

[338] 18/6/2020 12:35

Company unhedged before year end 👍

[338] 18/6/2020 12:34

NLGM updates will be in August / September

[338] 18/6/2020 12:33

Kenyan acquisition closing will be next week indicated in the time line of upcoming RNS

[338] 18/6/2020 12:31

Schedule for RNS from June to Dec 2020 is presented in page 15 of pdf file with link as below

hxxps://www.shantagold.com/_resources/Proactive%20Investors%20June%2018th%20Event.pdf

[space_bob] 18/6/2020 12:28

Rogue I've not seen any update and the effect of the exploration shouldn't be underestimated. Eric has mentioned it in recent presentations, but slightly worrying that companies usually give an update on every positive drill. They've doubled the exploration spend this year and no news yet.
Extending the mine life at Luika would be a very big black mark removed. Right now I think there's a couple of years left at Luika with mining at Singida and Kenya probably 3 years away?

[chestnuts] 18/6/2020 12:19

I think today alot of people were expecting an rns before tonites presentation hence the selling, maybe the rns will come out tomorrow morning if there is any news ready to come out and they will announce it tonite at the presentation and because its not in trading hrs they can,

[roguetreader] 18/6/2020 11:56

On December 16th, Shanta published an NLGM Exploration update with what looked very promising drill intercepts. They stated in that RNS that,‘The results of this drilling campaign will be incorporated into an updated Mineral Reserve & Resource Estimate which is expected to be released in early 2020'.

In the Q4 Results RNS on January 16th they presented upgraded reserves and resource figures for the latest drilling campaign, but not restated figures for the whole of the NLGM asset. As part of the Q4 RNS they stated “Results of the latest drilling campaign will be incorporated into an updated Mineral Reserve & Resource Estimate expected to be released in early 2020.”

In the RNS February 28th for the Full Year Results 2019, I can’t see any mention of the ‘updated Mineral Reserve & Resource Estimate’ being published. Am I missing something? as I don’t believe this has yet been published despite being due in ‘early 2020'? I was expecting a separate formal RNS specifically on the upgraded NLGM reserves and resources, this has not happened to date.

[jc2706] 18/6/2020 11:14

GGP's valuation is ridiculous compared to any other gold company on the market that I am familiar with. I find it hard to understand why anyone would invest at that level.

SHG is currently afflicted with two selling institutions, hence the struggle here, although the looks of other gold companies the sector is taking a bit of a breather. The 'sea of red' is actually a mixture of sells and buys below the mid price.

[amazoner] 18/6/2020 09:00

the news will be few days after Proactive One2One Investor Forum this evening. still watching shantagold in my radar.

[space_bob] 17/6/2020 23:58

GGP has seen amazing increases over the last year but it's a little unfair to compare other investments to that. Shantas performance over the last 12 months is not to be sniffed that and many investors would dream of seeing a 50% increase over the past year.
I think what GGP shows is that a stream of good news and low liquidity can result in massive increases.

[alangriffbang] 17/6/2020 21:44

I sometimes wonder why I’m invested here ,it’s another sea of red again today,a lot of the posts seem positive ,can’t make out whether it’s a good or bad share to be in ,GGP has done wonders fo me ,and I think there is a lot more to come ,good luck