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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.525 | 14.30 | 15.50 | - | 0.00 | 07:41:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 114.06M | -2.3M | -0.0022 | -66.00 | 152.67M |
Date | Subject | Author | Discuss |
---|---|---|---|
19/6/2020 15:57 | Tanzania's John Magufuli - the man vowing to defeat coronavirus and imperialism Tanzania's President John Magufuli has been criticised over his repeated attacks on "imperialists" and his recent declaration that prayers had ended coronavirus in the East African state. But this is unlikely to bother him as, throughout his presidency of more than five years, he has styled himself as a stout African nationalist and a devout Catholic waging war against foreign powers seeking to exploit the East African nation. "I want you Tanzanians to believe that you have a real president, a real rock. I cannot be threatened and I am not threatened," Mr Magufuli said in March 2018. He hopes that he has cemented this reputation over the last two years, and it will secure him a second term in elections due in October. Mr Magufuli has been critical of both Western and Chinese investors One of Mr Magufuli's biggest battles was against Canadian mining giant Barrick Gold Corp. He demanded a 60% stake for the government in three of its gold mines to end the "exploitation" of Tanzania's resources. The 60-year-old president cast the negotiations as a clash between a cow and a rabbit and, although the government eventually settled for a 16% share, the talks signalled that it was no longer business as usual. … | risa5 | |
19/6/2020 15:09 | Still an institutional holder unloading unfortunately. | redhill | |
19/6/2020 14:53 | Gold above $1750 again. One of these days it will move to the next level! | 32campomar | |
19/6/2020 14:48 | "VAT and hedging issues are behind us now" I don't think so! | jasper2712 | |
19/6/2020 13:24 | Over the last 2 years the share price trading pattern has been fairly consistent.I have watched Shanta over the last 4 years or so and decided to buy in last September at around the 9p level. I took a good 3 months to break out of the 8-9p range.Clearly Shanta is starting to look undervalued once again at 11p.Once the Barrick transaction is complete I am expecting a short term jump to the 15p then falling back again.If the company can be become debt free by year end or early next year I am hoping to see 16-18p | fitton | |
19/6/2020 12:05 | space_bob That is what he said ,but of course it won't be as the balance sheet is for the end of the half year ie 30th June. | redhill | |
19/6/2020 11:36 | I thought balance sheet was being reported at the end of this month? | space_bob | |
19/6/2020 11:05 | Anyway it doesn't look like we will receive any news this month so July will be jam packed ! | redhill | |
19/6/2020 10:56 | You must be worried investing in miners that can't produce any outputs but share price keeps going up... lol | 338 | |
19/6/2020 10:13 | I would be very wary of investing in AIM miners with that attitude. | jc2706 | |
19/6/2020 08:34 | VAT and hedging issues are behind us now... Those can only get better | 338 | |
19/6/2020 08:31 | VAT refund outstanding will be compensated but not repaid in cash fully in one transaction... it should be fine | 338 | |
19/6/2020 08:26 | VAT could also finance Singida. Surely TZ gov must have an eye on future tax revenues, and speeding up the process of getting those in the bank? | c9ajl | |
19/6/2020 08:11 | To be fair this would have easily been paid off if it were not for the TZ Government witholding over $20m from VAT repayments | jasper2712 | |
18/6/2020 22:33 | Yes the convertible notes that should have been fully repaid last year. | redhill | |
18/6/2020 21:57 | Convertible notes at 13.5%? | shieldbug | |
18/6/2020 21:56 | Redhill - can you be more specific about that $10m debt. Is that Exim or the convertible notes or something else? | shieldbug | |
18/6/2020 20:22 | Well with their assets and income it can't be difficult to borrow that at a much better rate & pay it off | 32campomar | |
18/6/2020 20:12 | A few years ago Shanta almost went down from the weight of debt it had taken on. They are in a good position now but still owe $10 million to bondholders that needs repaying next April and that is at a very ,very high rate of interest. | redhill | |
18/6/2020 20:06 | Singida - "we have advanced discussions with one in particular .. and we're obviously going to choose the best on for Shanta to finance it" | shieldbug | |
18/6/2020 20:05 | I see thanks for clearing that up. Hopefully some of tonight's positive presentation will create some buying interest in the morning | 32campomar | |
18/6/2020 20:05 | The thing I liked about the IPO was that it meant more Tanzanians with skin in the game. Might of made it less likely for the government to dream up new policies to extract wealth from the 'foreign' miners 'stealing' their natural resources. Eric did mention they've spoken to 25 finance companies mainly in the US. Does look like more debt is coming, even if it eventually gives a better outcome it would be good to see Shanta debt free for at least a little while. | space_bob | |
18/6/2020 20:00 | 32campomar They were not going to issue more shares in Shanta to finance the mine. Singida is a separate Company and the IPO was on Singida only. The burden of building a new mine was not meant to land on Shanta's shareholders and a dividend has been promised for quite a while now. | redhill | |
18/6/2020 19:56 | If you can borrow at these ridiculously low rates of interest then why would anyone want to issue more shares instead. I'm pleased common sense has prevailed if this is correct. | 32campomar |
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