Shanta Gold Share Discussion Threads

[plat hunter] 25/11/2021 11:05

Gold performance versus various producers over the last 12 months

[davethehorse] 25/11/2021 10:54

Would imagine a big holder is still reducing, putting downward pressure on the share price PoG not helping too.

[miguel67] 25/11/2021 10:14

Sooooo over sold. RSI lowest since 19th July sell off. Hopefully the share price will follow the same pattern and it will rise from tomorrow. Happy Black Friday

[davethehorse] 25/11/2021 09:57

Same at many of the small caps, the BODs look after themselves and shareholders pay for it. SHG will come good eventually but for now it's painful for holders

[kennyp52] 25/11/2021 09:57

BIKWIK ..10.75p 🤷‍a94;️ . Wtf you on about ?

[kennyp52] 25/11/2021 09:54

Rampers still think the board doing a great job ? Happy to see the share price collapse and the institutional investors that took the placing at 16.5p must be feeling bitter. Board issued themselves 4.5m incentive shares earlier in the year .. no doubt they will be claiming they are due more this year .

16.5 pence per New Ordinary Share (the "Issue Price"), being a discount of 6.78 per cent to the closing price per ordinary share on 22 October 2020.

Some discount that is now !

Board are in place to deliver shareholder value .. they seem to be only delivering themselves a fat salary and free incentives.

Something needs to change

[miguel67] 25/11/2021 09:46

Everyone is waiting for Black Friday to pick up a Shanta bargain.

[juju44] 25/11/2021 09:46

Who is going to tell us this is just MMs marking it down to fill their boots ? This share is as bad as a miner gets

[bikwik] 24/11/2021 23:44

Poly and Centamin tend to follow the general gyrations of the gold price. Shanta less so as you can see on this chart over the last 10 months. Obviously the July downgrade 'messed up' any correlation with gold for a while. Shanta rallying for 3-4 weeks in response to that sharp drop while gold trended down a bit.

Shanta did start to follow gold's trends from around early September to mid to late October (down then up). You should also be able to see the 27 day cycle in operation on Shanta, picking out the price lows to within a day.

However, the latest cycle low has not 'worked' so far! The preceding decline into that cycle low, due about 7 days ago, 'suggested' a rally in Shanta. However, the recent decline in gold has hit all gold stocks. The last two weeks has seen Shanta not fall quite as much as Poly or Centamin, which puts Shanta's decline in perspective.

Given that Jim Curry is expecting a final rally into the end of this month in gold then it would follow that gold stocks should rebound. Shanta has just dropped outside of the bollinger bands which either means its close to staging a rally or its going to keep falling.

For it to keep falling its probable that gold would have to fall too. On balance it looks like a rally. However, as i've said before it needs to close over 12.25p to confirm one!

[bikwik] 24/11/2021 23:22

Some interesting relative observations:


free stock charts from uk.advfn.com

[redhill] 24/11/2021 16:03

I think now would be a good idea to spend $1 million on buying back some of this stock overhang but of course they can't without passing a resolution at the AGM which they did a couple of years ago.

[davethehorse] 24/11/2021 15:39

Agreed but trading wise it looks to be going lower still

[redhill] 24/11/2021 14:18

Yet gold is only back to where it was earlier in November when Shanta was over 12p so where is the justification for 10p ?

Ridiculous market valuation at present.

[davethehorse] 24/11/2021 13:32

PoG still falling and looks like 10p coming sadly

[redhill] 24/11/2021 10:27

Hard to see why the market only values Shanta at £117 million.

[plat hunter] 24/11/2021 09:13

10's by we?

[juju44] 24/11/2021 08:41

looks like the dog is dying

[338] 23/11/2021 18:55

150p target for me 😁

[juju44] 23/11/2021 16:44

Looking for that pound by Christmas and keeping in with Chestnuts advice

[juju44] 23/11/2021 15:39

Total rubbish . Pound by Christmas - bring on the rampers

[bikwik] 23/11/2021 13:50

Very, amazoner. Just check out as many of his weekly posts as you can. Read his biography as well. He is the real deal. Most gold forecasters do not understand how to analyse gold. That includes Elliot Wave international. They are pretty good in most of their market forecasting, except gold. They don't really look at cycles, occasionally but not often.

Don't forget though that NO ONE is perfect. If they were they'd be a time traveller!

[amazoner] 23/11/2021 12:07

how reliable is jim curry's charting/forecast, bikwik?

[ianio5691] 23/11/2021 11:55

Jeez - this is getting painful now!

[amazoner] 23/11/2021 11:52

no vat refund no yippee yippee