Shanta Gold Share Discussion Threads

[chestnuts] 12/11/2021 14:48

Jasper

I buy shares on fundies and do the tea leaves when i am bored, but when you read post like have for the past 25 yrs they all sound the same when the share price is down, all gold stocks are out of favour, its called the market but it wont belong before they will be back in favour. If you cant wait i would sell.

[redhill] 12/11/2021 14:16

jasper2712

which video are you referring to ?

[jasper2712] 12/11/2021 14:00

I can remember this share being around 30p. Then the hedge came in and the issue with the VAT which is still ongoing and doesn't seem to be anywhere near to being resolved.
Management selling shares didn't help and we still comments from tea readers calling the rest of us stupid.
Look at the video and then tell me he isn't holding back on something!

[bikwik] 12/11/2021 13:21

RNS saying Fidelity sold about £90k's worth on Tuesday. Stake down to 4.93%.
Maybe there is still an overhang to come out from them or others. Presumably that's why the price is where it is at the moment.

[338] 12/11/2021 11:18

Kenny, don't let your wife burnout all of your pants today... hide them together quickly... or sell your shares with no more comments 🤣🤣🤣

[lowtrawler] 12/11/2021 10:39

kennyp

BOD is primarily in place to add shareholder value.

No, the BoD are in place to run the company as well as they can which has the effect of adding shareholder value. They are not responsible for short-term share price movements.

they ran out of cash and did a placing dragging the share price back to 16.5p . Ok .. we get diluted as they cannot get production up and generate the necessary cash.

No, they didn't run out of cash, they decided with the share price at a high it would be prudent to raise funds that will take WK through to a funding statement. It allowed them to remain debt free, introduce a dividend and not have to worry about funding WK exploration. With hindsight, it was great timing.

the type of situation that can rollover year after year and never fully deliver .. whilst delivering for the directors with big fat salaries and share options.

If the current BOD had a track record of failing to deliver, I would agree with you. However, they have continually delivered on plans with the recent rock issue being the only exception I can think of.

[338] 12/11/2021 10:13

150p is my target 😁

[kennyp52] 12/11/2021 10:08

Very difficult to see Redhill without spectacular news .. so much trust has been lost that every opportunity to sell on a rise and recover some losses will be taken which in itself will hinder a price rise . You are pretty thick aren’t you .. just not as stupid as chestnuts .

[redhill] 12/11/2021 09:20

Next year production is due to return to normality at New Luika all be it at a slightly reduced level. Singida will be starting to produce at the tail end of the year and WK will have most of the drilling completed so they are able to decide where to build the mine.
A very recent broker report had a target of 45p for Shanta. Gold is steady if not rising and i certainly believe that Shanta will be back at 20p early next year if its not subject to an offer.

[solo4yous] 12/11/2021 09:19

Bit dithering in Shanta chart wise

Meanwhile people are accumulating

81% been held at June reporting data/date... remarkably more popular than the share price is saying:

[chestnuts] 12/11/2021 09:18

Redhill

Its when traders see the share price down they look for all reasons why its down , with out a thought that Mr Market is to blame, its like when a share tops people cant see it as above valuation they always think it should continue to go up.

Its just Greed and Fear and stupidity

[redhill] 12/11/2021 09:08

You lot are funny. You just can't make it up !

What is also strange is that most of you were holders last year at 4p a share.

[jasper2712] 12/11/2021 09:00

Looking at the latest you tube video based on the WK work programme I became a bit concerned when Eric started to answer the Q&A. His body language became extremely fidgety and he looked anxious to the extent he reminded me of Rafa Nadel just before he served! Not a good sign and if he were on trial the psychologists would say he had something to hid. He has always reminded me of Tony Blair and we all know what he turned out to be!

[fsawatcher] 12/11/2021 07:47

directors sold at 13.3p

they knows wot comin and it aint good is it

luka mine showin old age

trust rockbottom innit

i fink dey do placin at 11p cheer de mates up coz thyes done em over at 16p

[clotted cream] 12/11/2021 06:55

Kenny before fundraiser, q3 2020 produced a EBITA of $22M,which was as high as they could push it.

Q3 2021 delivered a mere $2M EBITA.

Who can blame a fund manager who was sold a great story and bought in at a discounted placing for getting out now after a 12 month review.
Production headwinds were buried until the release of the 5 year plan in mid July, trust is low.

[lowtrawler] 11/11/2021 21:57

space_bob, the official LoM is probably still around the 8 year level but each year they are proving up more than they extract. It won't go on forever but my personal estimate is they will be able to keep it going for around 20 years.

[chestnuts] 11/11/2021 21:00

This a possible pattern for shanta its the same as for gold which as broken, we could have another 2 months ish before it takes off,


free stock charts from uk.advfn.com

[redhill] 11/11/2021 19:00

space_bob

Stock overhang has been holding this back.

[alangriffbang] 11/11/2021 18:32

338 be careful with juju he doesn’t have a funny side ha ha ha ,

[space_bob] 11/11/2021 18:16

Thanks Lowtrawler. I realise that drilling doesn't show everything, but surely they can't have missed a massive amount of rock? Is 20 years the current announced LOM? It was only maybe 8 years a year ago, so is that what they're hoping or is that what new drilling is showing?
Still seems cheap at 12.5p and still doesn't explain why it hasn't risen with it's peers in recent days.

[lowtrawler] 11/11/2021 17:57

space_bob, this year we hit rock and so knocked production by around 16k ounces. Over next few years, it is bringing mine extensions in as part of the LoM expansion. It looks like they can probably keep extending the mine to keep it going for the next c.20 years but don't know how close to 80k they will be able to keep it and for how long. Singida will replace any lost ounces and WK will then transform the business.

[space_bob] 11/11/2021 17:42

Good old Shanta, not been in here for quite a while but have bought a small handful this month without even particularly updating my research. I've seen the updates on Singida and Kenya but don't know of any bad news, so why's this not moving up at the moment? Also noticed this:

Lowtrawler
Production forecast to be back at or around 80000 oz at New Luika by 2024

What caused the drop from 80k?

[bikwik] 11/11/2021 17:21

post 422 i think.