Shanta Gold Share Discussion Threads

[chestnuts] 07/12/2021 09:49

Well i have added this morning and quite alot, its disappointing that they have had problems but these things do happen, Gold is going to go up, as inflation continues to rise, and shanta will come good.

[lowtrawler] 07/12/2021 09:46

RH, when making an announcement like today, management need to restore confidence. They do so by reiterating guidance, explaining what they have done to prevent recurrence and giving more details about how it was allowed to occur in the first place.

[redhill] 07/12/2021 09:44

juju44

Oh that so called string of failures made the share price increase from 4p to 20p.

Unbelievable.

[redhill] 07/12/2021 09:42

Lowtrawler

But we have forward guidance for this year. The Company never produces guidance for the following year until the first quarters operational update.
In the five year plan produced just a few months ago the plan was to produce 75000oz in 2022.

[juju44] 07/12/2021 09:40

Delay in making this known was to give insider chums time to get out , Explains why the share price has been awful for past few months . String of failures over the years is endless

[lowtrawler] 07/12/2021 09:36

Redhill, the problem isn't the apparently temporary reduction in output. It is a possible pattern of behaviour which indicates SHG are not in control. It is the 2nd piece of bad news this year and, as kennyp points out, they had opportunities with the Q3 update on 21 October and the mining results on 22 November to make an earlier announcement. Revising guidance for Q4 a week into the 3rd month of the quarter is unacceptable from any miner.

SHG are entering a period of intense change. New deposits at NLGM need to be exploited, Singida needs to be delivered and WK needs to be navigated. This puts intense strain on a senior management team and the first indication of whether they are coping tends to come with operations. The NLGM operational issues reduce confidence in the ability of management to juggle competing priorities and raise justifiable concerns over whether Singida can be delivered without problems.

The lack of forward guidance in today's announcement. No recognition of management responsibility for the supplier failure. No plan for how to prevent future issues. These should all have been part of the announcement. The fact they were missing raises the question over whether SHG have really understood how to bring things back under control.

[juju44] 07/12/2021 09:21

Glad I ditched most of my holding 2 weeks ago . Dying dog . Where are the rampers now - pound by Christmas punters.Come out Alan - bet this has aged you even more rapidly . Parcel of junk

[imastu pidgitaswell] 07/12/2021 09:21

kenny, you were right with one of your earlier comments - these small cap AIM gold prospectors and (if you're lucky) producers are run for the benefit of their directors. They get paid a steady (large) salary, they control the narrative, they have limited or no downside if it all goes wrong - whereas the shareholder carries all of the risk.

Always hated them, and happy to stick to the real ones, SRB apart (and I blame trader for that...). I do find the fervour with which people on this site plug the ones they own and snarl vitriol at the ones they don't own, when all along they all have the similar issues and challenges, quite amusing to pass the time though...

[redhill] 07/12/2021 09:12

Copied from another board
"What have the AISCS been lately? Probably about $1400 with the issues.
So that's probably ballpark $400 * 7koz of gold that this won't have in this quarter and that's it.
So you're probably looking at something in the region of $1m of cash after taxes etc (give or tax a bit).
$1m less money made in one quarter has led to a 25% fall in the MCAP."

This is the reality of the situation.

[redhill] 07/12/2021 09:08

No but you obviously are if you are unable to read an RNS!

[kennyp52] 07/12/2021 09:06

Future production Redhill .. if this emulsion issue is “fixed” . Are you completely stupid ? They state we will have to wait for the new year for updated guidance .. why ? If it is fixed they should be able to provide the market with the information now surely ? Quite content it seems to let the share price crash .. for who you have to ask yourself !

[jpuff] 07/12/2021 09:05

Looks like game over here

[average down mug] 07/12/2021 09:05

🤡☝A039;🆙

[redhill] 07/12/2021 09:02

kennyp52

Sorry but which bit are the Company not stating ?

[338] 07/12/2021 09:01

Remember Eric... your plan to make Shanta as Mid Tier Producer is by maintaining NLGM > 75koz output. .. So please put more efforts and be focused on all potential issues with NLGM... as it is a key to future success 🔑🗝️🔑€477;️

[redhill] 07/12/2021 08:55

It looks like a complete over reaction from the market as production this quarter is going to be about the same as in the three previous quarters and the Company is making money on these numbers.
It just shows that if particular component of production fails then the whole production numbers are screwed.

[average down mug] 07/12/2021 08:54

Bounce coming!! Way oversold 🤡☝A039;

[knigel] 07/12/2021 08:54

What an over reaction - recent good news RNSs and the share price doesn’t move then a RNS with a sight reduction in current production and the share price crashes! Fine - good time to add !!

[338] 07/12/2021 08:52

NLGM production can be restored to 70 koz to 80 koz... but at cost and could take more than one year... Eric and Luke must disclose precise information about their plan on NLGM... not keep making bad surprises... otherwise shareholders can assume that they are not in control of the situation

[qs99] 07/12/2021 08:47

well even with that shortfall, sub £100m market cap does look oversold...Kenya alone should be worth that IMO, but long way to go on delivering it I know..DYOR

[davethehorse] 07/12/2021 08:46

Looks like going sub 9p soon