Shanta Gold Share Discussion Threads

[chestnuts] 24/11/2020 17:58

Redhill

All those who sold out will be wondering if this is bottom, so they will hang on to see and as the price will rise as people see a bargain then news will come out and it will gap up and the same people who have sold out will rush back in and pay more than what they sold out for.

[redhill] 24/11/2020 17:11

Seen this so many times with Shanta and just sat tight and ridden it out. Yes could have sold at 20p if i had that crystal ball but dumping a lot of shares would not have helped the share price.

[chestnuts] 24/11/2020 16:56

At this point of time ie the chart and share price reminds me of Serica Energy back when it dropped from 34p to 20p and a few weeks later the share price shot up to 93p , Shanta are making shed loads of money and the way they are drilling they will be adding a few yrs of gold to life of mine, and Kenya i wouldnt be surprised if they double the 1.3m ozs, and then there is the dividend a.5p dividend would be great, better than any bank.

And though gold as dropped which i expected and could go to 1792 ish, covid could take another yr to sort out, after all giving out 130m injections will take some organising and then is the worry it mutates, but covid is not the reason gold went higher its the debt which will go alot higher and print and print and print will be the word stuck on every ones lips.

[338] 24/11/2020 16:53

I have also bought more shares... after selling Altcoins 👍

[juju44] 24/11/2020 16:26

JC bit of both . I have added twice in the past week and I am not laughing

[chestnuts] 24/11/2020 16:10

I have bought a load more today, 48p here we come

[10p here we come] 24/11/2020 16:05

I'm saying nothing.

[1 pound here we come] 24/11/2020 15:54

POG is in intensive care right now. Don't join it just because Shanta has..

[jc2706] 24/11/2020 15:50

Gold has now reached the point which I was looking at some time ago ($1800-1810) but which I backed away from because the price action started to look very strong. Doh! This was always an obvious target technically and if you look at GDX/GDXJ they are also looking like they are at strong support.

Of course, the question is which way does it go from here? Personally this looks like a decent buying opportunity but if gold dips below $1800 and stays there for a weekly close it could go lower quite quickly. If you are a long term holder you might want to grit your teeth at that point.

[jc2706] 24/11/2020 15:43

“Must be a lot on here getting hammered”

Everyone who holds which includes me and you. Or do you mean that we are all hitting the alcohol in depression?

[space_bob] 24/11/2020 14:37

Pretty painful, but thinking of buying more - not sure whether to buy at 12.5p or will it hit 10p? Can't see it hitting single digits. Problem is buying more would mean selling some other shares which have been very much offsetting my Shanta falls.

[juju44] 24/11/2020 14:25

Must be a lot on here getting hammered

[rb1206] 24/11/2020 14:11

Redhill : So is the share price ....not far from single digit.

[redhill] 24/11/2020 13:37

Getting too small to hide behind now !

[plentymorefish] 24/11/2020 12:26

Hey....that's my line!....;)

[338] 24/11/2020 12:25

What hedge 😂

[338] 24/11/2020 12:24

Lucky, the hedge is still in place... 😂

[fitton] 24/11/2020 11:45

3 possible reasons for the fall.1, Gold price falling, investors selling out or large institution still selling.2, Problems with production which has reached the market, very unlikely.3, price being forced down to provide a good entry point for new large investor or existing institution or even directors buying. Erics fund raising, whilst annoying at the time seems to have been either a stroke of genuis or luck.Either way the timing couldn't have been better.

[redhill] 24/11/2020 11:40

Who El Presidente ?

[1 pound here we come] 24/11/2020 11:11

My thoughts exactly.

[chestnuts] 24/11/2020 10:58

Well it looks like its bottomed now , but the hard bit is deciding which wave we are on, we will probably get news very shortly probably on Kenya maybe they have good core samples on first drills.

[1 pound here we come] 24/11/2020 10:45

Agreed, both.

[roguetreader] 24/11/2020 10:41

Well at this point in proceedings this doesn't mean much, but if the Divi in April is .5p then the yield at current share price would be circa 3.9% and cost around £4.5M. A 1p Divi would obviously be double those figures.