Shanta Gold Share Discussion Threads

[bikwik] 15/11/2021 00:00

free stock charts from uk.advfn.com

[bikwik] 14/11/2021 23:53

If none of you think you can't forecast the gold price....think again.

[plat hunter] 14/11/2021 22:43

I don't see placings as a problem here tbf... 1 bill isn't really a lot and plenty of equity at circa 120million on a depressed share price

[redhill] 14/11/2021 22:28

space_bob

In my opinion another placing would be dreadful. Too many shares in issue at present.

[space_bob] 14/11/2021 20:17

Redhill you could be right. But as you point out the drilling results in Kenya have already been fantastic but what has it done for the sp? That's the problem, it's jam tomorrow. Also Kenya doesn't have a mining industry so who knows what nasties lurk there.
There's a reasonable chance this will pass 20p reasonably short term if the gold price goes crazy again with inflation worries, but I invested here in the past as a long term investor thinking it might hit £1. I still think that could happen, but for me personally I think I could invest my money elsewhere for 3-5 years for a bettter return and then still buy in at a good price before a significant rise based on Kenya. Sure Kenya could be funded by loans, but recent history suggests that it won't and imo a placing isn't necessarily a bad thing, it's just a sign that things are getting serious in Kenya and the buy signal for me.

[chestnuts] 14/11/2021 19:43

Redhill

The world is turning into an uneasy place with China imploding and the threat to Tiawan , and if China implodes the supply lines will get longer and if China invades Tiawan there goes the chips all the car manufacturers need and every other manufacturer, and with the threat of Russia invading, and what moves gold more than anything is losing confidence in governments, never mind that governments have no choice but inflate debt away, yes troublesome times ahead.

[redhill] 14/11/2021 18:45

space_bob

A placing to build Kenya is not on the cards at present. If further funds are required i believe it will be by way of loan finance.
Don't forget that initially the gold will be extracted by open pit mining which is a lot cheaper than going underground.
Also we will have the benefit of Singida production and someone on another board suggested a farm out.

I don't know how much all this will cost at present or what the price of gold will be at the time but i believe the value of this asset will be appreciated in the market once the drilling is completed.

At present the market knows of 117600 oz implied resource at 7.04g/t
They are now in phase 2 drilling of inferred resource of 994000 oz to turn them into an implied resource.
This may well be just the tip of the iceberg.

[space_bob] 14/11/2021 14:23

Pretty much same list Plat, I won't say more as this isn't the place.
Low, the same has been said for the last couple of years and yet the price doesn't move even as the next milestone is reached. As I said a placing to build Kenya will be my buy point. GLA

[johnwise] 13/11/2021 19:07

VIDEO

China's Economy is on the Edge of a Meltdown

Steven Van Metre

[lowtrawler] 13/11/2021 13:27

We all see things differently. Management need to successfully handle a lot of developments over the next few years. They need to successfully switch production into new sources at NLGM; Complete build of Singida and successfully bring it into efficient production; Explore and develop WK; Manage the Tanzanian tax authorities; Position themselves to fund WK build, and; Build strong relationships in WK with government and the local community.


We are going through a period of transformation and there are bound to be some slips. I believe this is already reflected in our price Over the next 18 months, demonstrating success at NLGM and Singida will remove a lot of the risk discount. We will be closer to a build decision at WK and will certainly know more about the resources. If we navigate those 18 months without any major issues, I can see us well over 20p even if pog fails to move.

[plat hunter] 13/11/2021 13:12

Space bob, which other producers are on your list?Currently, mine are....CEY, HUM, SHG, POLYI'm always on the look out for new opportunities.

[space_bob] 13/11/2021 13:02

I only bought and sold £1k so yes a tiny amount. Was thinking of generally increasing my exposure to gold due to inflation risk and as Shanta is still in my watch list and I noticed it hadn't risen with a couple of other miners I watch, I thought I'd take a nibble.
All miners are a risk, but I think that currently there are other gold miners, which have a better potential upside and a lower downside risk.

[plat hunter] 13/11/2021 08:53

Agree redhill, total nonsense post. Don't worry someone who is that emotional doesn't have much cash to allocate. If they have, then they won't for long.

[redhill] 12/11/2021 21:59

I'm wondering why space-bob has sold after his recent purchase saying there is a big downside risk.

If he thought that why did he buy in the first place !

[plat hunter] 12/11/2021 21:51

Can't think of an alternative gold producer who has outperformed shanta over 2021 tbh.They've all got battered for one reason or another.

[space_bob] 12/11/2021 20:37

I sold my small recently purchased holding today. I like Shanta and I like Eric, but unless it's bought out, I think it will be another 3 years before any serious action, with a big downside risk in the meantime. I think I'll buy back in around the time of the inevitable placing for Kenya, so 2-3 years time. I got sucked into having a large proportion of my total investments in Shanta last year and looking back now, I was lucky to get out unscathed.

[jasper2712] 12/11/2021 19:10

I think the hedge was overdone. They did not have to hedge such a high % of production to cover the loans in place. At the time I thought it was excessive and whoever the hedge managers were they must have thought Christmas had come early
They also did a pretty bad deal on the silver
The video content looked good and I would have invested more on this basis but I was more concerned with the body language which to me suggested that the sweat was rolling
down his back and into his chough because he looked very uncomfortable. The last time I saw such a performance was when T Blair was being questioned over the WMD

Gold now sitting up at $100/oz since last month - share price of Shanta static. Maybe others were put off

[redhill] 12/11/2021 18:13

kennyp52

If you do your research you will find the lenders insisted that we took out a hedge in order to repay their loans.

[plat hunter] 12/11/2021 17:29

I like listening to Eric, very switched on and believes what he's saying.Most AIM CEO'S think a 10 minute template scripted call with proactive is good enough

[redhill] 12/11/2021 17:00

jasper2712

Just watched the video a 3rd time and Eric comes across open & honest and i don't know why you think he is holding anything back. Firstly he doesn't have to answer all the questions in front of him if not appropriate and secondly he has only recently started doing these quarterly sessions for pi's.
I know of a lot of CEO's who wouldn't face the questions like that so i give him great credit for keeping us so well informed.

[lowtrawler] 12/11/2021 16:26

I've watched the video a couple of times and don't see anything being held back. In fact, I thought his comments on VAT were more revealing than anything previous: - SHG used to think of any VAT recovery as a bonus and now expect to do a deal but it will move very slowly...

You maybe have to read between the lines on the milling throughput - they have expanded capacity in order to cope with the lower grades while producing similar levels of gold output, that will almost certainly mean permanently higher AISC (Heavy oil costs will also eat into the AISC). However, the information is all there.

[redhill] 12/11/2021 16:12

jasper 2712

I'll take another look.

[jasper2712] 12/11/2021 16:08

SHANTA GOLD LIMITED - Investor Presentation on You Tube from 1 month ago

[the count of monte_cristo] 12/11/2021 15:58

The precious metals stocks bottomed last month and started to turn last month.