Shanta Gold Share Discussion Threads

[redhill] 08/12/2021 13:37

Very tight spread though. 8.89p -8.952p

[ericfreh] 08/12/2021 13:11

Yeah so many buys and not moving wtf

[chipperfrd] 08/12/2021 12:19

LT, yes they are my best guess as well.

[richgit] 08/12/2021 12:11

The old Cliche,


We know when Boris is lying,it is when He opens His Mouth.


Cover up ...............................

[lowtrawler] 08/12/2021 12:05

chipperfrd, most likely Sustainable. They have been reducing their African gold holdings over the last 12 months or so.

[chipperfrd] 08/12/2021 11:31

It would probably mean that one (or more) of the big holders are selling c. 40 - 50m shares.

As of 30th September the following significant holders had disclosed:

1. Odey @ 121.7m
2. Sustainable @ 62.6m
3. River & Mercantile @ 59.6m
4. Fidelity @ 52.3m
5. Cannacord @ 50m
6. Ketan Patel @ 44.3m
7. Black Rock @ 41m

Between them they hold c. 431.9m (41.12%) according to the SHG web site.

I guess we will find out shortly.

[redhill] 08/12/2021 11:06

miguel67

Looks like a II selling out on the face of it.

[miguel67] 08/12/2021 11:02

Regarding volumes and trades showing overwhelming more buys and still no movement North????

Manipulation or big sale coming????

[lowtrawler] 08/12/2021 10:29

We're all hurting but we need to try and step back from the immediate pain and assess whether it impacts prospects for SHG.

The prospects can be split into 3:

1. Reconfiguration of NLGM to extend life. Yesterday's news suggests management have poor control over the operational supply chain and have not adequately managed the risk. Many more complex decisions than this will need to be made as NLGM transitions. Consequently, it suggests the reconfiguration will likely have some unexpected bumps. My guess is yesterday's announcement will permanently cost around $3m (the rest is timing) and so if we have 4 or 5 similar bumps, it could knock SHG value by around $15m
2. Successful build and then operation of Singida. The lack of control at an existing site gives less confidence management will navigate Singida build and operation without difficulty. The amounts being spent and timeline could cause a bigger impact than at NLGM, particularly if it goes onto impact the profitability of operations. It is impossible to estimate an impact but if NLGM could be $15m and Singida could be more, to be cautious, we may allow $25m
3. Successful exploitation of WK. I see no reason to believe exploration or development of the feasibility study will be impacted by yesterday's announcement. However, significant funds are likely to be needed for the build which will involve an equity raise as well as a debt raise. If NLGM and Singida have reduced profitability, the share price will be lower and so more equity will be required. Debt funding is also likely to be more expensive. It could lead to dilution being significantly greater than previously thought.

Overall, I can see reason why our market capitalisation should fall by $40m or more even though the actual impact from the announcement is only $3m. It suggests the market did not over-react from where the share price was. However, the share price was already at a low level and it is difficult to see SHG not delivering more than £100m of value to Shareholders (either through asset value improvements or dividends) over the next few years. On this basis, I will continue to hold.

[davethehorse] 08/12/2021 10:26

Must be a massive sell order out there, has further to fall imo

[johnrxx99] 08/12/2021 10:23

Sorry guys.

[redhill] 08/12/2021 10:23

chip

On LSE someone mentioned shorters closing but surely the stock hasn't been shorted to this degree.

[chipperfrd] 08/12/2021 10:22

Presumably there is a large delayed sell order. otherwise it makes no sense.

[redhill] 08/12/2021 10:21

To be honest i have no idea why there are nearly 6 million shares been purchased to day and the Market Makers are unmoved.
Any constructive comments would be appreciated.

[redhill] 08/12/2021 10:17

guys

I hold far too many Shanta Gold shares i know. No i don't like losing money any more than anyone else but unless i actually sell my shares then its just a loss on paper.

johnrx99 you should know i have been on this board as long as you so wouldn't waste my time to provide factual information rather than derogatory comments.

The next two years will be crucial for this stock going forward and i'm prepared to sit it out as i feel we are a million years away from the 4p times and the government trying to grab gold mines on the cheap.

No i don't post on other stocks very often. i used to post on Barclays before it got taken over by extreme right wing posters.

[johnrxx99] 08/12/2021 09:51

RH, then clearly you rather silly as you are the only one here who thinks loosing money is fun. Actually, do you hold any stock? You've never said you do.

[kennyp52] 08/12/2021 09:49

Redhill .. johnrxx99 has a point . Any real PI will be posting about all their shares they hold .. unless you are daft enough to just hold Shanta ? You only post on SHG which is very suspicious . So is it true ? You are a stooge ramper for the board ? We should probably ignore anything you post and deal with the facts only ? Hmmmm.

[338] 08/12/2021 09:40

bye bye johnrxx99

[redhill] 08/12/2021 09:37

johnrxx99

Well i haven't been paid by the Company for the last 10 years. lol

[kennyp52] 08/12/2021 08:51

Gets you that way johnrxx99 .. every one of these AIM miners is a gamble imho .no gamble for the directors who wallow in their own self importance and big fat salary packages for them to give away millions in VAT refunds ; millions in a poor hedge deal ; millions not ensuring explosives are up to the job and having a backup supplier . It’s a gamble that we all buy into . No apology from Zurin .. not much of a man it seems

[imnotspartacus] 08/12/2021 06:50

The truth of it is there ain't much gold in the dirt they're digging up, the rest is just spin.

[johnrxx99] 08/12/2021 06:46

Kenny, don't you know Redboy is a, possibly paid, company troll?

[chipperfrd] 07/12/2021 22:32

Massive over-reaction by the market!
They have been supplied with sub-standard explosives and have been unable to blast their long-hole stopes, so have had to resort to lower grade material from open pits.
Having now resupplied with (one hopes) good quality explosives they should be able to restart stoping. But lost production from the underground has impacted guidance.
Great opportunity to buy cheaper.

[imnotspartacus] 07/12/2021 22:29

Wow, what a dog of a share, maybe a name change could help, perhaps Sh1tters would be more apt or a ticker change to SUCKS.l. Glad I sold up a while ago!