Shanta Gold Share Discussion Threads

[goldenshread] 27/11/2020 07:57

Looks well cheap, 3p below the recent placing, not for much longer IMO.

[juju44] 26/11/2020 21:53

Not quite like eqt or itm

[kennyp52] 26/11/2020 21:21

Juju44 ... how exciting is this ? 🤣

[chestnuts] 26/11/2020 17:12

Sorry O/T

Bitcoin as completed a golden section yesterday and down around 14% today could drop to 10000pts so a double top. Maybe the central banks are trying to take control of all the markets.

[chestnuts] 26/11/2020 16:29

Juju

It was .25p a day when the price fell from 20p down to 12.6p

[juju44] 26/11/2020 13:50

WOW 1/4p . Well done

[338] 26/11/2020 13:48

As I said this morning.... 🚀

[c0lin1] 26/11/2020 13:36

bid is creeping up

[space_dust] 26/11/2020 12:35

Can't buy online currently. Looks like it is going higher, still 3p under the recent placing price !!

[davethehorse] 26/11/2020 12:27

Lol indeed, Shanta now making up rapid headway after getting left at the start ;-)

[davethehorse] 26/11/2020 12:18

Next leg up...

[338] 26/11/2020 11:17

No dilution... Eric should have sold the placing for 22p and could still get oversubscribed ... Too late to regret 😂

[chestnuts] 26/11/2020 11:06

Kenny

Shanta had a placing which diluted the shares but they also gained an amount equal to this amount in money so no change really in markets cap, , the only change is what they use the money for ie proving up the reserve will add value so it should enhance the value of the company, so in fact it should increase the value of the shares. So the chart will in fact go up once they prove this,

[338] 26/11/2020 10:23

Glad, I sold my Altcoins at the right time... 👍

[bigdazzlerreturns] 26/11/2020 09:45

You do know chart software (well any decent software) adjusts for rights issues stock splits etc etc.

I’m surprised no one had answered you already.

[fitton] 26/11/2020 09:35

Ignore the charts.Look at fundamentals, market cap in relation turnover, net profit, future potential, debt levels. The real winner here is the company has no debt.Debt destroys great businesses.

[kennyp52] 26/11/2020 08:19

JC2706 .. whichever way makes investors money ... but I have been mislead so many times by people saying the chart is going this way / that way for it to do the complete opposite and when there are fundamentals in play the charts are of very little use . They work ( some reckon ) but if they were consistent then everyone would be a millionaire .

[338] 26/11/2020 07:29

Ready guys.... 🚀

[jc2706] 26/11/2020 06:20

Kennyp52,

It is sufficient to say that you don't use charts. Some people do. Where is the problem?

[kennyp52] 25/11/2020 20:59

How good is a chart when there has been a 20% dilution right smack bang in the middle of the graph ? Chartists !

[plentymorefish] 25/11/2020 14:32

What hedge?.....

[fitton] 25/11/2020 14:29

Ah, the hedge, could I forget!

[alangriffbang] 25/11/2020 13:32

Fitton don’t forget jujus hedge ,lol

[fitton] 25/11/2020 13:07

Listening to the total debt and spending review I don't think we will have to worry about gold dropping to far.The world is going to be in some much debt.

[c0lin1] 25/11/2020 12:13

Alasdair Macleod (@MacleodFinance)
11/24/20, 08:54
Just totted up the expiring Dec gold cals on Comex with strikes at $1800 or more – about 150,000. This is why gold has been smashed, so that they expire worthless!