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SHG Shanta Gold Limited

14.325
-0.20 (-1.38%)
Last Updated: 09:28:56
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -1.38% 14.325 14.30 14.35 14.45 14.325 14.40 855,975 09:28:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 114.06M -2.3M -0.0022 -65.09 150.57M
Shanta Gold Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 14.53p. Over the last year, Shanta Gold shares have traded in a share price range of 8.70p to 14.80p.

Shanta Gold currently has 1,051,467,684 shares in issue. The market capitalisation of Shanta Gold is £150.57 million. Shanta Gold has a price to earnings ratio (PE ratio) of -65.09.

Shanta Gold Share Discussion Threads

Showing 43601 to 43622 of 57525 messages
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DateSubjectAuthorDiscuss
10/12/2021
13:15
ftton, dividend is 0.2p per year, not 1p
lowtrawler
10/12/2021
13:11
Well i'm very sorry you didn't get rich quick in 6 months but that's the nature of the beast!
redhill
10/12/2021
12:57
"Enjoy your gloating. Your research has been a joy to read and what would we have done without it !"Errr, not lost money lol
plat hunter
10/12/2021
11:54
£90m market cap.Available cash $24m. No debt.1 producing mine.1 mine under construction.West Kenya could hold 5m oz.Dividend currently 1p year, although this could be reduced to assist funding. Expensive business gold mining but all of the above currently valued at £90m.Looks dirt cheap to me
fitton
10/12/2021
10:35
The elephant in the room is still pog. If that were to hit 5000, a pound would likely be underestimating the share price I remember last year when gold went over 2000, there were a lot of predictions for >5000

I have never dared to dream that high but who knows?

lowtrawler
10/12/2021
10:06
Enjoy your gloating. Your research has been a joy to read and what would we have done without it !
redhill
10/12/2021
09:45
2 pound juju .. come on !
kennyp52
10/12/2021
09:37
Pound by Christmas
juju44
10/12/2021
09:30
I have been reworking the fundamentals for SHG and believe the market have decided NLGM will be an average 65k producer with higher AISC. If I'm correct, it likely means NLGM is worth around 7.5p - 11.5p. Using conservative production and AISC figures for Singida, it should be worth 4.5p - 7p once in production. WK is probably worth around 1.25p - 1.5p at the moment. Although I would usually value cash on top, as we know it is going to be spent at WK and Singida, I have left that out. Any VAT recovery will simply reduce our ongoing tax bill.

Based on the above, I do think the current price is below minimum range but not by as much as some people may think. Until Singida comes on stream, I believe we can justify a share price of at least 9p and with Singida in production, it will rise to 13p. If we can avoid slips, we may head towards 20p when publishing the WK feasibility.

These figures are reduced from my previous assessment mainly due to a reduced volume and higher AISC expectation - I am pricing in that SHG miss plan. If they deliver against plan, you could add 6p - 9p onto these numbers.

lowtrawler
10/12/2021
01:23
Like Napoleon, I like my generals to be lucky! Is this turning into another Hummingbird?
With shares like AAZ and Polymetal cheap, I am not at present inclined to put more money into this (and certainly not into Hum).

Does anyone have a view on Kinross? I hold Great Bear which Kinross is buying, and there is a choice to be made to take cash or Kinross shares. Or I could sell the Great Bears and reinvest the proceeds elsewhere now while gold miners are cheap. Anyhow, nice to have doubled my money on that one in less than a year - can't say the same for many of my gold miners!

1knocker
09/12/2021
22:46
jasper, I am not jumping ship but I have my eyes open. The current share price prices in a few knocks of this nature on the basis that companies seldom have just one or two adverse events if management are not in full control. SHG have now had 2 this year and trust has been lost.

It is possible they have been unlucky and there will be no more bad news. If so, the share price will recover although it will take time. Even with additional bad news, it is unlikely the share price will fall much further, as I say, bad news is now priced in.

SHG had transformed itself into a low risk, conservative, reliable miner and were on the cusp of being re-rated to reflect this. As I said yesterday, over the next few years, it will be a far more difficult company to manage and so hitting bumps this early into the transformation does not build confidence. They now need to deliver against plan while avoiding the banana skins. These memories will take 18 months or more to forget and SHG need to get the share price as high as they can in 18 months to help funding WK.

lowtrawler
09/12/2021
20:23
jasper .. take a look at Boris .. Eric is a chip off a similar block .. they lie .. it’s as simple as that . Incompetence results as they can never admit any wrong .. if you can’t admit any wrong then you do not see the problems 🤷‍a94;️
kennyp52
09/12/2021
20:07
Trust --- has taken a knock

How many knocks can it take before it breaks ?

buywell3
09/12/2021
19:22
"they can't blow up some rock and lose thousands of ounces as a result "
I think the problem was they couldn't blow up any rock and as a result have to put through lower grade ore that is lying around !

It is difficult not to want to blame someone but they trusted a supplier who has been supplying to them for years without any problem. If it transpires that they changed their supplier to reduce costs then that is an entirely different matter!
Questions need to be answered rather than let investors read between the lines.
I mentioned that I was concerned about the body language of Eric in a recent interview - he has always reminded me of Tony Blair as he stammered his way through the lies that were told. I myself think that Eric has been economical with the truth and he should look for a career in politics

jasper2712
09/12/2021
17:21
juju44

Clearly the General Manager at NLGM has questions to answer. Most especially, how come this problem took so long to remedy. However i guess the answer is that it happened in Africa. Once the first amounts of emulsion failed to go off then that should have been an immediate red flag.

redhill
09/12/2021
17:03
kennyp52

Surely even you can see there are millions of shares that have been bought these last couple of days. There is a stock overhang from a II selling. The market Makers have moved the price down to clear the sale. Clear the II and the shares will move up.

redhill
09/12/2021
16:45
Always excuse - never the truth . Incompetent management
juju44
09/12/2021
16:44
Lmfao .. Redhill you are deluded .. production is all the market will move on with this dog ... they can't blow up some rock and lose thousands of ounces as a result and the reason for the fall is an II offloading . FFS I give up !
kennyp52
09/12/2021
16:29
Yes and you also have to bear in mind that the majority of this fall is due to an II selling out.
redhill
09/12/2021
15:56
The markets respond to uncertainty. However if they look at the fundamentals then sense should prevail. They have had some BAD luck as far as I am concerned. They have made worse mistakes than this - the hedge being the prime example as well as losing control of the VAT situation. However this board have managed to get this mine up and running with zero hours lost to accidents. They seem to be well established within the community of Tanzania. I will still keep my holding and not be like the captain of the Concordia and jump ship .
jasper2712
09/12/2021
15:23
jasper, life is unfair. It has happened and management HAVE been blamed. If the market had thought it a one-off incident not reflecting badly on the management, the share price would have been barely impacted.
lowtrawler
09/12/2021
09:13
Yes hopefully Shanta won't buy their emulsions and chargers off Delboy again!
redhill
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