Shanta Gold Share Discussion Threads

[338] 24/6/2020 10:06

then the sellers will keep moaning day and night in this board... about VAT... hedging... IPO of Singida... blah... blah 😂

[32campomar] 24/6/2020 10:04

Here we go looks like we may be through, in tandem with gold at new highs

[338] 24/6/2020 10:03

We need some sellers to let new shareholders in 😁

[338] 24/6/2020 10:01

the spot PoG just hit $1775... 👍

[amazoner] 24/6/2020 09:45

actual bid is 12.375p. my shonto gold investment is cool.

[32campomar] 24/6/2020 09:41

Gold currently through 52week high (could be temporary lets see)

[redhill] 24/6/2020 09:27

How long will this charade by the Market Makers last. Spread is 12.33p-12.495p

[338] 24/6/2020 07:12

NPV for Singida can reach £80m on the first 3 years of production

[338] 24/6/2020 07:08

After resource update the NPV for NL on its own can be £270m - £350m with PoG > $1900

[space_bob] 23/6/2020 18:19

It's still not at January's high and since then gold has risen by a fair amount. That generates pure profit with no additional mining costs. In the first week of July they should be able to announce earnings of around £15 million for Q2.
Then the Barrick deal.
Then Singida.
The Luika drilling results.
Then the debt cleared.
Then the hedge cleared.
Maybe the VAT offset against other taxes.
I genuinely think it will be 20p+ by the end of the summer. The level of profits and the increased gold reserves will be impossible to ignore.

[zcaprd7] 23/6/2020 17:52

Its promising, I think it needs to break the recent high (with volume) but its looking good...

[338] 23/6/2020 17:24

I hope SHG will double in 5-6 weeks from now

[338] 23/6/2020 17:21

$2,000 per oz for gold will happen... I predict $2,250... 👍

[lowtrawler] 23/6/2020 16:56

There are 2 charting sites I frequent with slightly different views on the current resistance level for Gold but they both have the same view on what happens once resistance is beaten. The first thinks resistance is breached at 1750 and the second at 1790. Both think that the price will rapidly rise to 2000 once through resistance. If the former is correct, we are already on our way to 2000, if the latter, we still have a distance to travel before we can tell and it may retrace. Should be an interesting week.

[juju44] 23/6/2020 15:22

In your dreams . 30p sometime

[338] 23/6/2020 15:18

are you not convinced with £1.50 target 😂

[juju44] 23/6/2020 14:40

Actually I bought loads around 5p

[lowtrawler] 23/6/2020 14:34

The published bid and ask price for SHG seldom reflects the actual pricing. Hence, fake news. The MM's can fool you into thinking the price is falling or rising even though it hasn't moved.

[338] 23/6/2020 14:33

PoG has broken the top for the year... Nice 👍

[32campomar] 23/6/2020 14:32

Quite surprised we haven't made progress today, gold strong again & closing in on 52 week high

[338] 23/6/2020 14:31

What are you going to do with 11.75p bid?... Did you miss the boat when the offer was 6p? 😂

[32campomar] 23/6/2020 14:29

Yes but no sells under 12p even if bid is 11.75

[juju44] 23/6/2020 14:08

Wonder what you are looking at . My screen says bid down to 11.75 p

[lowtrawler] 23/6/2020 14:01

Still not a single trade under 12p, there has been no drop in the SHG price.