Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 5.00p 152,023 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.90p 5.10p 5.00p 5.00p 5.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.52 2.62 0.45 10.7 38.9

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Date Time Title Posts
14/9/201812:07New air of urgency at Shanta Gold27,341
06/10/201619:40Shanta Moves From Explorer To Producer!22
23/10/201510:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201116:30Gold Exploration in Tanzania6,630

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Shanta Gold (SHG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-17 15:12:215.0419,509982.28O
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Shanta Gold Daily Update: Shanta Gold is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 5p.
Shanta Gold has a 4 week average price of 4.60p and a 12 week average price of 4.60p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 3.13p.
There are currently 777,184,685 shares in issue and the average daily traded volume is 292,074 shares. The market capitalisation of Shanta Gold is £38,859,234.25.
andy: REDHILL 3 Sep '18 - 20:59 - 27318 of 27328 0 0 0 You are funny Andy ! You and AG part of Fred Karno's circus ? ------- Are you asking me or telling me? And are you saying IC/newspaper tips closely followed by London presentations are often NOT part of an IR campaign to raise the share price before a placing? Are you saying this never happens?
atlantic57: Augustus your comments on Medusa mining proved to be 100% accurate.The share price Absolutely tanked from a very loft position to probably around 10% of the high. On shg though the share price has been trading in a very narrow band for some time now. so what is your time frame for dramatic share price movement.
redtrend: jasper - it may be optimistic as "cash back" and the market of course has completely discounted it being returned judging by share price, but in long term I'm still confident the majority will be returned. When I say "returned" I don't mean as big cash rebates back, but more likely over time in offsetting against corporate tax. This is exactly what ACA have been allowed to do and explicitly stated by them. Therefore all miners will no doubt be allowed to do this. So perhaps its better looking at it that we have $17m of "tax credits", rather than expecting it back as cash payments. More leftfield, you never know we may get some back as cash if SHG and Government agree a Mining Agreement for Singida, 16% free-carry option to Government as per Legislation. That 16% free carry for Singida will be equitable considering it will be connected to main power grid removing need for expensive HFO Power Plant (circa $16million plus of Capex saved) and also reducing Operational costs (AISC).
redtrend: I believe Shanta's may end up being lower, considering 17,600 Oz of Gold was hedged at $1,287 between April to June. Great result from AAZ reducing Net Debt by $7.5m in 1 quarter, meaning in terms of all-in costs, they're achieving $394oz margin on each "Gold Equivalent Ounce" ($7.5m divided by 19,042 Oz). So roughly an all-in cost for AAZ was $913. I sold out of AAZ a while back and did nicely out of it. The LoM is still very opaque to me, there is no clearly defined JORC compliant Revised Mine Plan to refer to. Although having a great team, without this it sometimes feels a bit shoot from the hip and what's to stop another incident where they hit significantly lower grades and had to stop mine operations and re-assess like they did in Q1 2017, which led to collapse in share price. Ugur filled this gap in short-term and the share price soon recovered after they did a great job at getting Ugur online, but Ugur only has 199K Oz and long-term the planned exploration campaign has to come up trumps to provide assurance.
redhill: nice one AG. Actually what the company said was that they were experiencing delays in the recovery of historical VAT. Nothing new there then, the same as other businesses in Tanzania. All this is factored into the price of SHG and i for one can't wait to see the next quarterly update which i feel will give the share price a big boost if full production is being maintained. Its very interesting that everyday this week the bid was increased despite the selling so it leaves me to believe the MM's are trying to fill a large buy order.
redtrend: Deja-vu as we touched upon AAZ versus SHG back in September. At that point AAZ was 32p and Shanta 3.5p. Now SHG is 5p and AAZ 36p. Both should do very well with gold over $1,300, but let's see if SHG gets to 10p before AAZ gets to 72p. My money is on SHG (literally), for many reasons. The most obvious way to follow the money is net debt/ cash. AAZ have had a very good 2017, reducing net debt from $34.6m to 18.3m. And yes they report it in the exact same way SHG does and all other miners (Interest bearing loans and borrowings only + Cash, Cash Equivalents). As of their last interims end of June 17, AAZ trade payables were $6m more than their receivables. For Shanta, the focus on Profit rather than changes to net debt/ cash is completely misplaced and disingenuous after a 3yr Capex programme of >$100m. I honestly still don't understand why some are focusing on profit rather than net debt/ cash at this stage in SHG's cycle. It is impossible to know how SHG and its auditors will depreciate assets over the current Mine Plan (Life of Mine) and what decisions/ assumptions they will take based on the planned extension to LoM in future. For those that believed a placing was going to occur, you have relied on a misplaced assumption that past = present and future. That SHG would continue spending Capex at New Luika at the same rate. 2018 will be the year the market comes to realise this is not the case and the share price will adjust accordingly, barring any external influences.
augustusgloop: How much would a gold miner in Tanzania making £5m a year profit be worth? Given the political uncertainty and the usual P/E ratios of AIM miners - a PE of about 5 would be reasonable - IF the company had little debt and didn't have to soon spend a huge amount on CAPEX. Thus, such a company would be expected to have a Market Cap of about £25m. ------------- SHG has a Market Cap of about £43m Makes a LOSS of about £5m Has a load of debt Needs to spend a huge amount on CAPEX over the next 12 months. ------------- Inevitable conclusion: Unless the POG hits $1,600 quickly --- there is a lot of downside risk for the SHG share price. SELL SELL SELL SELL SELL
atlantic57: ag The audited accounts can be the only reasonable guide for any analysis in my opinion. However i suspect that Shg share price preformnance like many junior miners is going to be linked to the price of gold even though they have hedged substantial portions of gold production.
338: Ag's troll provides power thrust to SHG share price... :) come on ag... keep pushing SHG to £1 ... lol
nielsc: Hazl,Exactly. My buys in the 4 and 5p range have done very well. Bought quite a few higher, but overall happy with SHG progress.I believe we are in a gold market bull and SHG share price should start to reflect this as they become less hedged.Perfect gold and silver slam today on do doubt ropey data.Cheers,Niels
Shanta Gold share price data is direct from the London Stock Exchange
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