Shanta Gold Share Discussion Threads

[michaelfenton] 22/10/2021 04:26

Too much negativity on here? And some some to think they could manage Shanta better than the current management. I think they are doing fine you just need some patience and to stop being greedy?

[goodgrief] 22/10/2021 00:55

Elite Satanists at it again...Right-wing radio host says Covid vaccines hatch eggs that grow into synthetic parasites within body as part of coup d'etat by 'evil cabal'https://apple.news/AI5-cW3rMSY20kceT7li5xQ

[chestnuts] 21/10/2021 23:18

The big thing every one is missing if we didnt have sing or Kenya, Shanta would be making around $20m now how many companies can compete with this amount of money.

[greggphilips88] 21/10/2021 21:31

Yes Redhill.
Grades should recover now from these disappointing, but already flagged, low grades (2.2 g/t) from the fault zone. Assuming grades do now increase, which is reasonable to now assume and has been indicated, then we will quickly get back to more normal grades (> 2.9g/t) in the months ahead.
The increased throughput at NL, from the 3rd mill, can be seen with the 2428t/day Q3 vs 2306t/day in Q2 result. That is increased throughput, which isn't going away.
With better grades going through, we should see the benefit in production, and this must be the plan/assumption to achieve 18k oz and 60k oz guidance low end.
This should also enable us to get back to c75k oz in 2022.
Again, we hopefully also have upside from VAT and further drilling results.
So, not a ramp, but there are reasons to be positive, or at least optimistic, about the next 18 months here.
The current share price already takes into account all the risks, but understates the upside, in my view.

[plat hunter] 21/10/2021 21:20

SHG aren't on there own, there's been a handful of producers over the last 12 months that have had/done the same thing.The problem is that the market has hated them for 12 months too. SHG had outperformed other goldies primarily because they never reported any production/cost problems but now the hens have come home to roost it seems.This will struggle for months i think, not withstanding a miracle gold surge.

[redhill] 21/10/2021 20:28

Plat Hunter

They already do but the grades are fairly low.

4th quarter production should be in excess of 18000 oz.

[plat hunter] 21/10/2021 20:24

The AISC and negative free cash flow is the problem, short term atleast.They need to shift and store excess material so they can mitigate the cost risk of encountering lower than expected grades. "Grade control"

[redhill] 21/10/2021 20:20

Surely most peeps on here were aware that production would be about the same as Q2.
If you didn't you haven't done your research !

[juju44] 21/10/2021 19:44

The RNS was depressing - its always about to happen but never does. Anyway Shanta always falls on news - any news

[338] 21/10/2021 16:51

150p soon 😁

[juju44] 21/10/2021 16:50

Rampers have fled into hiding

[plat hunter] 21/10/2021 16:44

Bit of an inspired sell now... Sub 12.5p again?

[kennyp52] 21/10/2021 15:22

Some positives .. are are they ? ...

3,914 oz contained within doré available for sale at the end of the Period (Q2: 1,908 oz);

· Net cash of US$19.5 m (Q2: US$24.1 m);

· VAT receivable of US$27.7 m (Q2: US$27.4 m); and,

· Positive engagement with the Tanzanian Revenue Authority ("TRA") ongoing regarding the Tanzanian VAT receivable which is subject to verification audit before being available for further refund and/or offsets.

"Further refund" but owed more at the end of the quarter than the start !

Can ignore cash as the increased stock of gold dore makes up the difference .

[kennyp52] 21/10/2021 15:21

Some positives .. are are they ? ...

3,914 oz contained within doré available for sale at the end of the Period (Q2: 1,908 oz);

· Net cash of US$19.5 m (Q2: US$24.1 m);

· VAT receivable of US$27.7 m (Q2: US$27.4 m); and,

· Positive engagement with the Tanzanian Revenue Authority ("TRA") ongoing regarding the Tanzanian VAT receivable which is subject to verification audit before being available for further refund and/or offsets.

"Further refund" but owed more at the end of the quarter than the start !

Can ignore cash as the increased stock of gold dore makes up the difference .

[dubai123] 21/10/2021 10:36

Eric Zurich on investor meet company updating investors interesting to hear what he has to say

[johnwise] 21/10/2021 09:09

VIDEO

FoxNews

Hannity: Assessing the current crises in America

[redhill] 21/10/2021 09:09

Don't forget to try and catch both presentations later on as they are always good for extra information.

[johnwise] 21/10/2021 09:09

VIDEO

FoxNews

Hannity: Assessing the current crises in America

[338] 21/10/2021 09:00

The share price could have crashed if the update was excellent, is that right juju? 😁