Shanta Gold Share Discussion Threads

[jasper2712] 03/7/2020 23:14

USA are, the last time I read, trillions in debt and it is growing daily.

[bogotatrader] 03/7/2020 16:22

1.4 mln trade just marked

[rb1206] 03/7/2020 15:55

Chip

Thank you, appreciate that.

RB

[jc2706] 03/7/2020 15:40

A rising wedge pattern tends to be bearish.

[bogotatrader] 03/7/2020 15:07

Thanks Chip....x12 for SHG ......think of the price!!!!!

[chipperfrd] 03/7/2020 14:58

RB1206,

I use Ev/EBITDA as one of the 5 metrics forming a comparison table across 61 PM producers (see Table#2 in the header here:-

The average multiple across all 61 stocks is currently 12.6x.
I currently get 3.06x for SHG, but I am using Enterprise Value (Ev) ie MktCap + net debt rather than just MktCap.
Chip

[338] 03/7/2020 14:25

Today's chart setup looks like STAIRS TO HEAVEN 👍

[bogotatrader] 03/7/2020 13:52

Very bullish rising wedge on charts at FRES, HUM chart looks bullish too...imho POG move next week will help all of these incl SHG move to higher levels

[stmellons28] 03/7/2020 13:48

What date are we expecting news ? Shanta is my favourite share by far. We all know the coming months are strong for gold & im expecting a breakout to 18-20p good luck

[space_bob] 03/7/2020 13:37

Still think we'll go down to 13p until an announcement.

[338] 03/7/2020 13:12

Once debts and hedge are cleared... SHG valuation will catch up accordingly... we are about 6 months from that position 👍

[338] 03/7/2020 13:09

Centamin is about 9x

[rb1206] 03/7/2020 13:02

12strings/others ; Do you know whats the market ave for Market Value / EBITDA is...approximately .... x 2,3,4.............Thx in advance.

[amazoner] 03/7/2020 11:52

Market Value / EBITDA = 2 is so low. wake up shonto wakey wakey to 25p

[12strings] 03/7/2020 11:45

I should have also mentioned that the present Market Value / EBITDA going into 2021 is only 2. So IMO that's cheap and takes no account of Singida or West Kenya.

[donnatella] 03/7/2020 11:43

Could be sells also, it appears that you can buy and sell at the same price again.

[bogotatrader] 03/7/2020 11:37

Tick up a while ago....flood of buys at full ask of 14p

[12strings] 03/7/2020 11:31

The 18 June ProactiveInvestor's presentation interestingly was not accompanied by an RNS. I find that strange.

The presentation was extremely upbeat. In particular, comments around the West Kenya grades were positive in the extreme.

The picture emerging is that Shanta expect to be unhedged, no debt, and likely to be able to fund Singida from cashflow at present (and rising gold prices). So output rising from 80,000oz to 115,000oz with minimal debt and getting full market gold price. That's going to take til 2022 to materialise, but the market should be forward looking.

The extremely rich West Kenya opportunuty provides the much needed extension of mine-life and is going to take til 2023 to bring on stream. But that too is going to be a low capital and operating cost mine, so the possibility of funding most/all of that from cashflow is a distinct possibility.

As shareholders, we have the prospect of increasing production from 80k to over 200k in around 3 years with relatively little financing. No partnership deals, Shanta owning 100%.

And of course, there's the tailwind of a rising gold price on the back of unprecedented currency printing.

Nothing is guaranteed, but you have to admit, SHG is hugely attractive. The 18 June event even acknowledged possible offers to buy the company.

[imnotspartacus] 03/7/2020 10:57

August to October are usually the best months for investing in gold!

[338] 03/7/2020 10:49

Saxo Bank says gold will ‘reward the patient investor’ this quarter, sees record high on the horizon...

[338] 03/7/2020 10:40

Already worrying about VAT from Kenyan Gov... 😂... takes a while to start the construction Matey 👷‍a94;️👷‍♀ᥧ9;

[jasper2712] 03/7/2020 10:32

They have a new operation to fund and pay for. There will be no dividend for some time and that is assuming that the Kenyan government don't rip them off with the VAT as the initial idea came from them.

[338] 03/7/2020 09:57

can start paying dividend... as no more restrictions from lenders... such as investec