Shanta Gold Share Discussion Threads

[redhill] 07/12/2021 08:43

Yes but guidance for 2022 is just shy of 75,000 oz.
Another miss on that would be dreadful.

[davethehorse] 07/12/2021 08:36

Plenty of jam tomorrow with SHG. They will come good eventually but for now they have lost the confidence of investors

[redhill] 07/12/2021 08:36

Perhaps the Company needs to supply the market with monthly production numbers for the next few months.

[kennyp52] 07/12/2021 08:28

Africa .. yes .. the common denominator in jam tomorrow mines ? Never again shall we say

[338] 07/12/2021 08:27

NLGM operation is being transformed to process the ores from surrounding sites... so it takes a while to prepare... Eric was too optimistic with his original guidance... he knew it

[johnrxx99] 07/12/2021 08:25

Or indeed production in Africa.

[kennyp52] 07/12/2021 08:24

This must have been known some time ago ? Why has it been left until now whilst releasing positive drilling results in November ? The more I look at this the more it stinks .

[redhill] 07/12/2021 08:21

That's a pity but of course it does illustrate the problems that can occur from just relying on one mine for production.

[338] 07/12/2021 08:20

I hope Shanta can still afford to pay dividend... even if slightly less than 0.1p

[kennyp52] 07/12/2021 08:15

Comes to something when they cannot find an alternative supplier ? But …

“ Emulsion product quality has been restored and the underground production charging units have been fixed.”

So is this a misleading RNS and the problem was temporary . Bang goes the share price for those that want to buy . Weak holders shaken out. If this is fixed then why not reiterate the guidance for next quarter / year to support the share price ? Do I smell a rat ?

[johnrxx99] 07/12/2021 08:14

What is the definition of masochist?

[plat hunter] 07/12/2021 08:13

Glad I cut this when i did, was thinking i might have cut my losses at the bottom for a short while.

[338] 07/12/2021 08:12

I hope Singida can be completed on schedule without placing... So, VAT Refund is crucial to strengthen the financial position this and next year

[338] 07/12/2021 08:03

I had predicted that the production won't meet the previous guidance... so the content of RNS is not new for me

[lowtrawler] 07/12/2021 07:52

The reduced guidance represents around a month of production. After the rock problem earlier in the year, it is further indication SHG do not have full control over their production activity. From being a reliable, low risk, producer, they are moving towards an unreliable producer.The Singida and WK projects need confidence in management. Perhaps they have caused distraction from NLGM. They need to strengthen NLGM operational management and begin a long journey to rebuild confidence.

[davethehorse] 07/12/2021 07:51

Where's Juju?

[scars] 07/12/2021 07:49

Looking to go sub 10p again!

[johnrxx99] 07/12/2021 07:26

From bad to worse, lol

[338] 06/12/2021 23:20

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[buywell3] 06/12/2021 20:59

apparently not

but richgit has stopped posting buywell notes

[redhill] 06/12/2021 15:54

Very little trading going on at all. I would be worried if there was heavy selling but there just isn't !

[juju44] 06/12/2021 15:21

Looks like Shanta heading for sub zero. Probably just MM games