Shanta Gold Share Discussion Threads

[redhill] 24/11/2020 08:16

Well the way the Market makers are acting this morning it won't be long. They are shaking out the weak holders as fast as they can !

[podgyted] 23/11/2020 22:31

Getting close to my target 13.5p (post 37839) which I have to admit was at least partially tongue-in-cheek.

But funds are ready - when the fall stops.

[podgyted] 23/11/2020 22:23

Wouldn't go that far but there is something in what you say.

The NA majors (Barrick and Newmont) tanked over 4% tonight - the risk on attitude at the moment is putting massive downward pressure on gold miners shares.

Think these are undervalued but in the current circumstances they could well fall further - those taking part in the placing will be spitting blood - but placing took place at 16.5p when they were 20p a couple of weeks before - case of the manipulators getting shafted for once?? Who knows.

[rb1206] 23/11/2020 22:19

Red....Unfortunately I haven't.... I wish I had....but here we are.....:)

[redhill] 23/11/2020 22:17

Wow you haven't sold up have you RB1206. lol

[rb1206] 23/11/2020 22:09

Gold broke resistance at 1849, heading towards 1800. Suddenly everything is rosy again and all issues in world gone away. Even stimulus package beginning to shrink. I think gold run is over for now and the speed SHG is tanking it can easily go into single digit.......imho

[1 pound here we come] 23/11/2020 15:05

There will be UP days, just this isn't one of them.

[1 pound here we come] 23/11/2020 15:00

Gold can easily fall back to sub 1800. Batten down the hatches.

..and buy more Shanta, if you can.

[1 pound here we come] 23/11/2020 14:05

See him off Redhill.

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[fsawatcher] 23/11/2020 13:40

cart be blackrock they gone alreadies

[redhill] 23/11/2020 13:40

RB1206

Don't believe that for one moment.

[fsawatcher] 23/11/2020 13:40

is smelly odey sellin

[1 pound here we come] 23/11/2020 13:30

Anyone would think we had diversified into tourism!

.. judging by the drop in the share price

But no it's the POG see, punters think it's topped, when all it's actually doing, is 'correcting' from hugely overbought. As are we.

[rb1206] 23/11/2020 13:29

Lower lows and lower high and a nasty head & shoulder pattern almost complete which sends alarm bells ringing loud and clear. It seems share price rise was created for one purpose only, to raise some cash.

Well done BOD of SHG....Then they wonder why market doesn't trust them...imho.

[c0lin1] 23/11/2020 13:24

if you're going to buy now is the time at 200 dma

[juju44] 23/11/2020 13:13

It is truly woeful but I will stay with the technicals for a bounce

[1 pound here we come] 23/11/2020 13:13

In again, again, again. Why don't you do it..?

[redhill] 23/11/2020 13:05

Yes there appears to be panic selling but i'm not sure why. Gold is still in the ground and the Company is making good profits.

[1 pound here we come] 23/11/2020 12:58

Not, for long..

[338] 23/11/2020 12:52

Long holders on cfd are being slaughtered...

[redhill] 23/11/2020 12:49

Bigdazzlereturns

Can you show us your calculations as to why the Company would only be valued at 12/13p ?