Shanta Gold Share Discussion Threads

[338] 06/7/2020 13:40

Nice momentum for Eric to release RNS... tomorrow

[juju44] 06/7/2020 13:40

Someone tell Shanta about gold

[qs99] 06/7/2020 13:29

Yup indeed....hold on to your hats

[338] 06/7/2020 13:28

spot PoG looks ready to test $1800-mark... heading to $2k... 🚀🚀🚀

[amazoner] 06/7/2020 08:35

wake up shonto wakey wakey

[qs99] 06/7/2020 07:41

As Gold continues its march North, will SHG this week?!

[338] 05/7/2020 15:20

I hope the first update on payment to Investec or Barrick deal can be released tomorrow...

[imnotspartacus] 05/7/2020 13:59

Looking at the last company presentation on the value catalysts slide, it shows Singida construction starting roughly in early September, which would be great news.

[lowtrawler] 05/7/2020 11:31

It's all been a really fascinating discussion but nobody has addressed the important question. When will the fantasy money printing bubble burst so as to crash the market and make gold soar?

[redhill] 04/7/2020 22:17

Yes but who's the Bully ?

[jc2706] 04/7/2020 20:54

And paraphrasing Stealers Wheel.

[jc2706] 04/7/2020 20:52

Nope. I was referring to Trump and his cronies.

[chestnuts] 04/7/2020 20:00

JC2706

Are you calling me a fascist because i have shown you that the Yanks have no regards to any treaties they sign, and no regards to any other country. I wont be sad when the bully gets a kick up the bum.

[jc2706] 04/7/2020 19:47

I certainly don't believe that China are purely motivated by altruism. Far from it. They are out to dominate the world and are doing so methodically by taking advantage of financially weak economies. They are a hideous, autocratic regime. The sad thing is that I can't see a lot of difference between the US and China currently.

I come back to the USD as reserve currency. It is the battlefield that control will be wrestled over.

[jc2706] 04/7/2020 19:38

Fascists to the left of me, fascists to the right, here I am, stuck in the middle....

[space_bob] 04/7/2020 13:39

It's easy to criticise the US, but Chinas the problem and China will cause the collapse. They were welcomed into the WTO on the belief they would become more western and democratise. Instead they've played the game very well - taken us for a ride and not given an inch on their side, in fact if anything they've become more devious. I think the breaking point will be when they break the petro dollar. The petro dollar is what gives the US a massive advantage, but it wont last forever.

[hazl] 04/7/2020 13:37

Beautiful continuation here.

[qs99] 04/7/2020 12:04

Agreed JC

trouble is that if you look at his 4th July speech he is exactly correct: the fascist left have shot themselves and the rest of us normal people in the gonads with their Maoist / Pol Pot Year zero approach to this cultural war and shutting down of free speech etc. He will play on that hard and in my view, highly likely the conservative element of the USA will back him. You really couldn't make it up

[jc2706] 04/7/2020 09:43

Well, I am sure that I am not the only one who has been waiting for such an event for years. The main issue is that the money has been targeted in such a way as to make the richest ever richer. When you have a billion another billion makes little difference and will just be stashed away. As such it doesn't directly impact high street inflation (of course, it does monetary inflation which is reflected in gold prices). The theory is that you get trickle down benefits and you could argue that the stock markets enable that. However, as the bulk of the market is actually owned by very few and the wealth is just self enhancing, the reality is that most do not benefit. In fact, as governments choose to ultimately repay the deficit created (rather than snuff them out - see MMT), the bulk of the population actually loses out considerably whilst those who most benefit avoid the repayment.

It's very clever if morally bankrupt. The really clever thing about it is the way in the USA that they have convinced those who are most impacted by it that the system benefits them. What other country vehemently fights for no universal healthcare and tax cuts for the wealthy? Genius.

[jc2706] 04/7/2020 08:04

Whilst I agree that the world is heading for a collapse and I am not a great fan of the US corporate monoliths, I find it difficult to criticise them merely for being successful. The UK has had many innovative companies but has a habit of failing to make the most of the commercial opportunities.

The real 'villain' in this is the US dollar and its role as a reserve currency. Other countries have to have the dollar to transact and that gives the US economy a massive advantage. This hegemony is likely coming to an end relatively soon (within the next few decades) and with it a severe impact on the world order, particularly the US.

[stmellons28] 04/7/2020 08:02

What the boss says: Eric Zurrin, chief executive

''Our balance sheet's in the best condition it's been for six or seven years .... by the end of June Investec will no longer be a lender - that's a milestone as Shanta has never not had a secured lender in its producing history''.
These next few months are exciting times for everyone invested in Shanta, still a great entry point as this is simmering for lift off.

[fitton] 03/7/2020 23:33

Jasper2712, exactly!. The figures don't add up.The world is in for a huge financial crisis beyond anything we have ever seen