Shanta Gold Share Discussion Threads

[davethehorse] 06/12/2021 10:43

"The Fool" is for just that imo...

[redhill] 03/12/2021 15:25

"https://www.fool.co.uk/2021/11/30/a-penny-stock-id-buy-as-stock-markets-crash/"

[redhill] 03/12/2021 13:20

Isn't this thread dead now!!!!

[338] 03/12/2021 12:41

Wha are those hydrogen stocks of your interest, juju?

[juju44] 01/12/2021 19:24

yep .MMs have marked this down every day for past year . They sure have big boots. I have been moving some lolly from here to add to my hydrogen stocks - follow the piper

[kennyp52] 01/12/2021 18:18

Patience it seems Redhill ?

[redhill] 01/12/2021 10:28

Interview with Modern mining about Singida now on twitter.

[kennyp52] 01/12/2021 07:59

I admit to not being great on drilling results .. grades look exceptional in some results but are the experts on here saying they are potentially going to keep hitting rock and therefore interruptions to production ?

[jasper2712] 30/11/2021 16:44

Surely depends on how much rock. Hopefully this will not be repeated as they have done extensive drilling over the future tenements.

[redhill] 30/11/2021 13:25

Just to follow on from that it follows that by the time they actually want to start mining there it is reasonable to assume Singida will be up and running and maybe even West Kenya so hitting rock as they did earlier this year would not significantly impact their percentage of production as it has this year.

[redhill] 30/11/2021 12:47

jasper

As you rightly say the cut off grade is less that 1 gr per tonnne.

What they have presented is for information purposes only showing what they have been drilling. Anything less than the cut off grade won't be included in the resources and no they won't be drilling into rock as the mine plan will be modelled accordingly.

Once again the widths of the intersections will be taken into account when the resource is reported which i believe will be early new year.

You have to remember this all basically exploration drilling.

[chestnuts] 30/11/2021 12:06

bik

Gold looks like its making a diamond pattern over last 7 candles

[bikwik] 30/11/2021 11:47

You see the dragon fly doji worked! But still needs to close over 12.25p mid price to confirm this is any more than a corrective rally.

[jasper2712] 30/11/2021 09:07

Redhill
5 results of ,1g/ton were from Luika.
Does this then mean that the are intercepting areas similar to one where they hit recently. Are they giving out this information well in advance that it could happen again in the future life of the mine.
Also why the % widths . Some are down as low as 55%

[kennyp52] 30/11/2021 08:31

I accept that Lowtrawler but you have to admit that all this news is having minimal impact on the share price that reached over 20p on a wave of optimism to be at 11.5p today and not being bought . Have to patient I suppose but not great

[redhill] 30/11/2021 07:56

jasper2712


This is re BC East : "Four exploration DD holes for 1,131.03 m and two RC holes for 402 m were drilled at BC East Area 1 in Q3 2021. The holes that returned poor intersections were drilled proximal to the E - W Fault and suggest that there is little potential of mineralisation continuity to the east of the E - W Fault."

Basically they showed the holes drilled for information only.

[lowtrawler] 29/11/2021 22:45

kennyp52, shareholder return often lags company performance. Ultimately, they are developing assets for less cost than the return they will bring. If they keep delivering against plan, shareholders can look forward to the rewards.

[kennyp52] 29/11/2021 21:08

Lowtrawler .. pretty accurate assessment which is why I am invested .. missing just one thing … delivering shareholder return .

[jasper2712] 29/11/2021 19:24

Can anyone explain the reason as to why grades of < 1g/ton were included in the latest results from Tanzania. As it states in the RNS "using a cut-off grade of 1.0 g/t"

There were results posted of 0.01g/o.02g/0.52 etc.
Why are they relevant?

Also I have noticed that the RNS now includes "the true widths of the mineralised zones are about 70% - 95% of the intersected widths in the drillholes."
This figure varies in this RNS "the mineralised zones are about 55% of the intersected widths.

The latest update from Kenya also gives this data " true width estimated at 60-70% "
" 70-80% of the widths intersected "

[lowtrawler] 29/11/2021 15:40

kennyp52, I'll be happy if they deliver to plan.

At their core, SHG are now managed as a very conservative business. They keep LoM around the 6/7 year mark so as not to overspend on exploration drilling; they have a token dividend to avoid spending more cash than they can afford; they expand into Singida for low cost / low risk returns; they develop the known and existing resources in WK rather than riskier scout drilling.

As far as African miners are concerned, this is a low risk operation providing stable returns and cash flow.

[alangriffbang] 29/11/2021 14:52

juju I though you would find the negative ha ha ha

[juju44] 29/11/2021 14:25

Alan , I love the sound of giggling girls and I accept the dog is up 1/2p Pity its down 8p over past year

[kennyp52] 29/11/2021 14:11

imho Lowtrawler they need to get some confidence back by beating guidance ! The kind of figures in that RNS justify a 20% rise .. at least.