Shanta Gold Share Discussion Threads

[redhill] 04/10/2021 11:28

No just bouncing around $1750.

[davethehorse] 04/10/2021 09:37

PoG under further pressure, is it heading for $1600 sort of level?

[johnwise] 03/10/2021 08:38

VIDEO

Judge Jeanine: The left's massive socialist spending spree

[johnwise] 02/10/2021 20:28

VIDEO

‘Unprecedented’ China Power Outages: Close Factories and Threaten GDP Growth/What are the Causes?

[johnwise] 02/10/2021 20:27

VIDEO

In today's show, you will learn how China's economy is signaling a global recession is on the horizon, how the U.S. economy is following China's, how the breadth of the stock market is suggesting a bigger sell-off is coming, how raising the debt ceiling is bond bullish, why a slowing labor market is bad news, and how the factory data suggests inflation has peaked.

The Replay of the Great Financial Crisis is Coming Soon

[johnwise] 02/10/2021 20:07

Bank Of America: Energy Crunch Could Lead To $100 Oil And Economic Crisis

[juju44] 02/10/2021 13:07

Nope - too risky

[alangriffbang] 02/10/2021 13:03

juju wanna bet !

[juju44] 02/10/2021 09:13

Shanta is technically smashed - very oversold . Surely it cant go any lower , Can it ????

[chestnuts] 01/10/2021 17:44

Juju

The market as already turned i reckon the bottom in Aug at 1667 was probably the lowest we will see, and at the moment gold is attempting to break out of lower trend.
Using EWT you would say we are on the 5th wave and attempting to go onto a 3rd wave.

[juju44] 01/10/2021 17:30

So what will it do to the crushing bear market currently underway in PMs and the miners (espectally Shanta )

[chestnuts] 01/10/2021 17:21

Redhill

If my way of thinking and using history gold and silver miners will be priced in pounds in a couple yrs not pennies, so 36p is just small change, inflation is here and its going to get a lot worse before it gets better.

[redhill] 01/10/2021 12:43

chestnuts

I like looking at share prices. I'm always active in the markets. Added to my Shanta holding yesterday as i believe they are very, very cheap at the moment plus they go XD next week. I have a core holding and buy and sell around that.
Eventually this share will get fairly valued.

Liberum Capital have recently increased their target to 36p !

[chestnuts] 01/10/2021 11:56

Redhill

Are you going to sell, if not dont look at the share price,
go read the this book

hxxp://esocap.com/uploads/files/Dying%20of%20Money.pdf



This paragraph says alot about Blair pushing unqualified in the brain dept this is from the USA in the sixties

One must tread softly before finding anything so priceless as education to be useless in
any manifestation; and one may find himself forced back on the impersonal rule that what
Page 43
is useful is that which exists without any artificial stimulation. After the exercise of all due
caution, one finds the hypertrophy of American education in the inflation still glaringly
real. The government had decided that if education was good, more education must be
that much better. Expenditure on education increased twofold by $30 billion from 1960 to
1968. Employment in education increased by 1.7 million jobs. Higher education alone
increased by $14.4 billion, and the percentage of students among the age brackets from 18
to 34 increased by two‐thirds, representing 3.4 million more students. But education
appeared to represent more activity and less learning than ever before. Education
provided occupation for millions of man‐years of effort for which the system had no other
immediate use, not only of students, faculty and staff but even of construction workers
who built the dormitories and classrooms, but that was about all the educational activity
seemed to do. The government and the educational system encouraged every
filling a productive place, thus becoming transformed by education into the excess
baggage of society. To the two old kinds of education, which were enabling education and
purely enlightening education, America added a third kind which was disabling
education. In the end, the overpriced, overpaid, and overexpanded educational system
found itself in deep financial trouble which was held at bay only by the governmentʹs
constantly continuing inflation. young
American of every race and every intellectual endowment, or lack of it, to think that
higher education was for him. As a result, the educational system found itself flooded
with unqualified, uninterested, and disaffected students who demanded relevance from
an institution that had always been luxuriously free from any obligation to be relevant;
who were insulated by education from ever discovering what the real sources of social
wealth were; and many of whom were progressively incapacitated by education from ever

[redhill] 01/10/2021 11:45

Someone just picked up 725000!

[redhill] 01/10/2021 11:43

This is crazy MM manipulation. All the buying so far under mid price then they mark it down!

[338] 01/10/2021 11:13

Redhill, hopefully Luke can control the expenditures until the gold price hit $2k early 2022

[redhill] 01/10/2021 09:29

338

No you are right about costs although i'm not too certain how they managed to increase that much.
We were told at the beginning that Singida would be funded from cash flow and not from the money that was raised specifically for West Kenya. At the moment there is no suggestion that Singida will be delayed and with 3rd quarter production at NL not expected to be in excess of 15000 oz i'm wondering what agreements have been made in respect of VAT refunds where the monies are kept in the country.
Maybe Eric is too optimistic and i also will be interested to know what the end of quarter cash position will be.

However the idea of cash raising would be unpalatable i feel.

[338] 01/10/2021 09:17

We will see how much cash available at the end of Q3?

[338] 01/10/2021 09:16

Redhill, please correct me if my calculation is wrong

Singida cost project is estimated around $36m.... Up to end Q2 Shanta has spent over $6.4m... So $30m more needed where available cash was $24m...

Pre-stripping has started in Singida with estimated cost over $10m...

[redhill] 01/10/2021 09:01

338

Wow i didn't even perceive that as a problem. With production back to normal probably mid way through August, cash in hand and VAT refunds there should be plenty of leeway.

Eric even said in a recent interview that cash generated from Singida & New Luika would probably provide enough funding for development at West Kenya.

Don't forget this production shortfall was only a temporary blip and they are processing 2500 tpd now.

[338] 01/10/2021 07:37

Yes, Q3 update needs to be much better than Q2...

we are entering Q4 today, investors want to know that Singida can be fully funded organically without placing.

So, how much has been spent and the remaining cost to complete Singida up to the end of Q3?... The figures need to be compared with the cash at hand and forecasted free cash flow to be generated in 2022

Next year could be a roller-coaster for SHG... I guess.

[redhill] 30/9/2021 19:07

I know it doesn't make much sense. Maybe Market makers squaring their books at the end of the 3rd quarter. I was happy to add at these prices as we go XD next week and 3rd quarter update in a few weeks.

[juju44] 30/9/2021 18:51

Gold flying , Shanta sinking - whats new